Port Tobacco times, and Charles County advertiser. (Port Tobacco, Md.) 1845-1898, 1847-06-03
NO. 357.

4 n ACT, relating to Foreign Corporations and
n their Agencies in this State.
Section l. Be it enacted By the General assembly
of .Maryland That from and after the first day OF
MAY next, it shall not be lawful for any person or
persons to act as the agent or agents within this
State for any individual association OF ndivldu-
ais or corporations not Incorporated and authorized
by the laws of this State, to make assurances on
marine or fire risks assurances on lives or other
nsurances or to receive transmit offers for in
surance to their principals or receive or deliver po-
cies of insurance, although such individual or as
ISOLATION of individuals may be incorporated for
these purposes by the laws of any other State Dis
trict or Territory Of the United States, by the
laws of any foreign Kingdom, State or Nation, to
effect nsurances without first obtaining license
therefor, in the manner hereinafter required.
Sec 2. find be it enacted, That license for the
purpose of effecting nsurances, or receiving or
transmitting offers for insurance. receiving or de-
verng policies of insurance, as expressed in the
preceding section shall be granted by the Treasur
er of the State to any person or persons, body or
bodies corporate or polite, who shall apply therefor
and pay to the said Treasurer the sum of one hum
dred dollars for the of this State, which license
shall authorize the person or persons, body or bodies
corporate or polite, to whom the same shall be
granted to effect assurances or to receive and trans
init offers for insurance, to receive and deliver
policies of insurance as aforesaid, from the day of
its date, for the period of twelve months thereafter
and no longer.
Sec. 8. find be 1t enacted That any person or per-
sons, body or bodies corporate polite, acting
agent or agents as aforesaid, shall pay to the Trea
surer halyearly, the sum of three dollars per cent
UNI, upon the amount of all premiums received by
such agent or agents. any other person per-
sons, for him or them, or which shall have been a
greed to be paid for any insurance effected or agreed
to be effected, or procured by him or them, agent
or agents as aforesaid, and such agent or agents
shall, halfyearly, on the first Monday in January
and the first Monday of July, furnish on his or their
affidavit or affirmation, true list and account OF
all such premiums to the said Treasurer, and shall
at the same time pay over to the said Treasurer,
the said of three dollars in every hundred dol
lars of such premium, and in all cases where the
said agent shall be body corporate or polite, the
said oath affirmation shall be made by the Presi-
dent of said body corporate polite.
Sec a. find be 1t enacted, That before any agent
or agents as aforesaid shall act such in this State,
he or they shall give bond with suretes to be ap-
proved by the Attorney General or his Deputy, for
the county district in which said agent or agents
may reside, in the penalty of five thousand dollars,
to render true list of such premiums to the said
Treasurer and to pay to him the said sum OF three
dollars every hundred dollars of said premiums,
on the days above mentioned, which said bond it
shall be the duty of the said agent agents to trans
NIT to the said Treasurer to be flied in the Treasury
office, and any agent or agents offending against
the provisions of this secton shall forfeit the sum
of FIVE hundred dollars for every such offence, re-