Port Tobacco times, and Charles County advertiser. (Port Tobacco, Md.) 1845-1898, 1847-05-20

LAWS OF MARY LAND,
Passed at December Session 1916, of the Legislature Of
.HIaryland relative to the Reuenase Of the State.
NO. 357.
A N ACT, relating to Foreign Corporations and
IA their Agencies in this State.
Section |. Be ii enacted by the General assembly
of .Ua1ytund, That from and after the first day OF
May next, it shall not be lawful for any person or
persons to act the agent or agents within TINS
State for any individual or association OF lndlVldu
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
insurances or to receive or transmit offers Tor III
sutance to their principals receive or deliver po
lcics of insurance, although such individual or as
ISOLATION of individuals may be incorporated Tor
these purposes by the laws of any other State, Dis
trict or Territory of the United States OF oy INC
laws of any foreign Kingdom, State or Nation, to
effect assurances, without first obtaining license
therefor in the manner hereinafter required
Sec. 2. find be it enacted, That license tor the
purpose of effecting assurances, or receiving or
transmitting offers for insurance. or receiving or de-
liverng policies of insurance, as expressed IN the
preceding section shall be granted by the Tieasur-
er of the State to any person or persons, body or
bodies corporate polite, who shall apply therefor
and pay to the said Treasurer the sum OF one hun
dred dollars for the Of this State, which license
shall authorize the person or persons, Dody or DooeS
corporate or polite, to whom the same shall be
granted to effect insnrances to receive and trans
NIT offers for insurance, or to receive and deliver
policies of insurance aforesaid, from the day OF
its date for the period of twelve months thereafter
and no longer
Sec 8. Ind be 1t enacted That any person or per-
sons, body bodies corporate or polite, acting as
agent or agents as aforesaid, shall pay to the Trea-
surer halt.yeary the OF three dollars per cent
| UNI, upon the amount OF all premiums received ny
such agent or agents, any other person or per-
sons, Tor him them, which shall have been "a
greed to be paid for any insurance effected or agreed
to be effected procured by him or them, as agent
or agents as aforesaid, and such agent agents
shall, halfyearly, the first Monday in January
and the first Monday Of July, furnish on his or ther
affidavit affirmation, true list and account OF
all such premiums to the said Treasurer, and shall
at the 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 or affirmation shall be made by the Presl-
dent of said body corporate or polite
Sec. H. And be it enacted, That before any agent
or agents aforesaid shall act as such in this State,
he or they shall give bond with sureties, to be APP
proved by the Attorney General or his Deputy, for
the county or 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 1t
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 section shall forfeit the sum
of five hundred dollars for every such offence, re-
coverable as other fines and foreitures; Prorided
that notwithstanding such forfeiture and payment
thereof the said agent agents shall be personally
liable for the payment of the said sum OF three dol
lars on every hundred dollars of such premiums to
the Treasurer aforesaid find provided further that
the principles of such agent or agents, and their
property shall be also responsible for payment of
lsa:d tax, and shall and may be proceeded against by
lsut attachment or otherwise as the case may re-
quire.
Sec. 5. find be it enacted, That in any agent
or agents as aforesaid shall fail to give bond as re-
uurcd by the fourth section Of this act shall after
giving bond fail to return to the Treasurer the list
of premiums, or to pay over the per centage on said
premiums as required by the third section OF this
act, then the Treasurer is hereby directed within
thirty DAYS after the said license is granted, in
of failure to give bond and within thirty days after
said failure to make return to pay over said pre-
miums at the times limited to publish the name or
names of said agent agents, so failing, as atore-
said, in two newspapers III the city OF Baltimore,
which publication shall declare the license OF said
agent or agents to be forfeited, and that all policies
thereafter made by said agent or agents shall be
null and void, and the said publication is hereby
declared to work forfeiture of said license and all
policies thereafter made by any such agent or agents
are hereby declared null and void and it is hereby
expressly declared to be the intent and meaning Of
this act that new bond shall he given in each and
every year in case the agent or agents shall
take out a license under this act for more than
single year.
Sec. 6. find be 1t enacted, That if any person or
persons body bodies corporate or polltic acting
as agent or agents aforesaid, shall effect insur
ances or receive and transmit offers for insurance,
or receive or deliver policies of insurance as afore
said, without license first had and obtained as
hereinbefore provided, he, she they shall forfeit
and pay, for each offence the sum of three hundred
dollars one halft to the use of the informer, who
shall be a competent witness, the other half to be
paid to the clerk of the county court or OF Howard
District court, of the city court of Baltimore, as
the case may be, for the of this State to be
covered in the name of the State of Maryland by
action Of debt or Indictment in the county court or
Howard District court or the city court Of Balti-
more where such offence shall have been commit
ted and to be accounted for and paid rto the Trea-
sury by the clerk receiving the same at the period
limited for accounting for and paying monies re-
ceived for licenses aforesaid.
Sec 7. find be it enacted, That the Treasurer
sllall annualiy PUBLISH III dI ltf's' wv o"'P"P''
one of which shall be in the city of Baltimore, the
names of such agent or agents taking out licen-
ses under this act with the names of the companies
they represent.
Sec. 8. find be 1t enacted, That nothing in this
contained shall authorize any agent or agents to
act as such for more than one foreign corporation,
individual association of individuals, by virtue
! of one license.
Sec. 9. find be it enacted, That the act Deem
Der session eighteen hundred and thirty mine, chap
ter twenty flour, and of December session eighteen
hundred and forty-five, chapter one hundred and
sixty-seven, be and the same are hereby repealed,
oh L.1t 10 1odor said