1024                            Laws of Maryland                       Ch. 443

invalid for any reason, the remaining provisions shall remain in
full force and effect, and such invalid portion shall be considered
severed and deleted from this Act.

Sec. 10. And be it further enacted, That this Act shall take
effect July JUNE 1, 1970.

Approved April 28, 1970

CHAPTER 443
(Senate Bill 261)

AN ACT to repeal and re-enact, with amendments, Section 41 (1)
of Article 48A of the Annotated Code of Maryland (1968 Replace-
ment Volume), title "Insurance Code," subtitle "Insurance De-
partment and Insurance Commissioner," increasing the annual
continuation or renewal of certificate of authority for CERTAIN
domestic insurers with their home or executive office outside of
Maryland from $25.00 to a minimum of $500.00 and a maximum
of $3,500.00.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 41 (1) of Article 48A of the Annotated Code of Mary-
land (1968 Replacement Volume), title "Insurance Code," subtitle
"Insurance Department and Insurance Commissioner," be and it is
hereby repealed and re-enacted, with amendments, to read as follows:

41.

(1) Certificates of authority:

(i) Application for original certificate of authority: For filing
applications for certificate of authority, articles of incorporation
(except as provided in subsection (2) below) and other charter
documents, bylaws, financial statement, examination report, power
of attorney to the Commissioner, and all other documents and filings
required in connection with such application:

Domestic insurers ...................................................................................................$ 25.00

Foreign insurers ......................................................................................................$ 25.00

(ii) Original certificate of authority................................................$ 200.00

(iii) Annual continuation or renewal of certificate of
authority for all foreign insurers and those domestic in-
surers with their home or executive office in Maryland............$ 25.00

(iv) Annual continuation or renewal of certificate of
authority for domestic insurers with their home or execu-
tive office outside of Maryland EXCEPT THOSE IN-
SURERS WHICH HAD THEIR HOME OR EXECUTIVE
OFFICE OUTSIDE OF MARYLAND PRIOR TO JANU-
ARY 1, 1929.

With premiums written in the most recent calendar year
not exceeding $500,000 ..........................................................................................$ 500.00