The aegis & intelligencer. [volume] (Bel Air, Md.) 1864-1923, 1876-05-12
LNaCS-Ge1aerOZ.

in this State for any Insurance Company, in
clnding individuals, whether residents or nom
residents, partnerships or joint stock associa.
tons except such companies as may be charter
I ed under the laws of this State, in any manner
whatever relating TO insurance risks, until all
the provisions of this article have been COM
piled with, and there has been granted by the
Insurance Commissioner a certificate o. author
ity or license for which said company, indi-
vidual, resident or non-residence or association
or their agent shall pay into the Treasury one
hundred dollars, and ifa tax of one and one
half per cent. on the gross premiums, less the
losses paid during the last license year collected
for said company, individual, resident or nom
resident or association, during the said license
year, which report of the premiums and losses,
The agent or company is required to make to
The Insurance Commissioner under oath shall
exceed the price OF said license, there shall be
paid into the Treasury, before license shall
be renewed for the ensuing year, the whole ex-
cess of the one and one half per cent. over and
above the cost of the license; provided, that all
premiums loaned in this State for not less than
Two years, shall DE exempt from the payment
of said per centage, and provided that all
licenses shall expire on the first day of Janu-
airy; provided, however that the licenses now
issued shall run until the first of May next, and
the licenses hereafter shall be issued to expire
January first next thereafter, for which the
proper proportion of the year from the time
issued to January next succeeding shall be
charged in each year and any company apply.
ing for admission into the State, shall pay for
license in like proportion for the fractional
part of year, in addition 10 the above license
and tax, there shall be paid by each company,
individual, resident CT nonresident or associa-
lion doing business in this State, the following
foo. IN Jafr ia &c .Lo
provisions Of this article upon fling the dec.
claralion or certificate copy of charter, twenty
five dollars upon filing the annual statement
or certificate in lieu thereof twenty five dollars
for each certificate of authority which each
agent or solicitor is hereby required to obtain
Two dollars for every copy of any paper filed
In the department the sum of twenty cents per
folio, and for affixing the official seal 10 such
copy and certifying the same, one dollar; for
valuing policies Of life insurance companies
thirty dollars per million of insurance, or any
fraction thereof; for official examination of
companies under this act the actual expenses
incurred; provided. that the filing of the papers
with the Insurance Commissioner as provided
by this act shall be in lieu of all papers now
required by law to be filed with the Comptrol-
Ter and clerks of the Superior Court for Balti-
mole city, and provided in case the necessary
expenses of said insurance department exceed
the amount OF fees collected under this act the
excess OF such expenses shall be annually as
sessed by The Insurance Commissioner in equal
shares upon all Insurance companies doing
business In this State, and the Commissioner
has power to collect such assessment TO defray
tie expenses of the insurance department, it
being the purpose of this act, that the expenses
Of the insurance department shall not be paid
from the State Treasury.
ot' before any insurance company snail
commence business 10 'his STATE the following
conditions, III auui'ioh 10 those imposed by
me preceulhg sect'ons 81 ms act' must I've COM
P'leu WIN IL must De leily organized, II u De
not company OF lhls STATE cory OF It's
charter' unly accepted, or its declaration OF
organization Ut ue,u VI set'ieHeht' auly APP
proven anu cer''neo ny tre insurance oonnls-
sloher OF otner proper queer OF lls own o'ate
or natloh, WIN MS cer'ihca'e ina. the company
/, ehtit'eu 10 ASSUME risks anu Issue PoIicles
'neleiii' in"s' oe h1eo WIN .iie ihsui ahce Cohi
missioner OF THIS state. 1he capital STOCK OF
every insurance Company mu'uai ihsur-
ahce companies excepted, incorporated o. thls
state or Incorporated oy the laws OF anolher
Slate or country anu uoing business III inns
state, whether hre' me- accident, marine or In
lahd insurance snail not be less than ore nun
re.insnrance reserve ofa nil insurance com NAMES
Shall he invested in The bon,is of treasury noIes
of ,ha Trn;,oJ S,atas nr Nd, -, s,ooLs of ,h;s
or INV oher S,o,e IF ,ho Irn;,ed S,,,es
or If anv ;ncarnors,ed ci,v Or ooroor,t;nn Of
iii, or arv o,Lsr S,a,e ba.;no Ieo.f on,hor;,v
~ ;s.,a ,bo sano bsar;no ;St.r,s, ~ !, MOI
he invested in re,l estate fnr hair of;ce or
business nnrnoses onIv or in ornnnd ren,s mr.
Io.nod nm nnr,gaoss cf Observation-Disclosures ro,I 90.
,ote in ,h;s mr. anv o,har s,a,a or tho Initial
S,a,es worth a, Ieos, double tho .n,oun, Ioan'
ed ,hereon exclu,ive Of hn;iJ;nvs ercen, where
suoh hn;Idinas arc ;nsnrad oaJ he noIc;a.
a,nIn .Ss;aned 40 add;,;nnaI seonr;,v Or floanaJ
nn ylsdues oe anv .a.,,ri,v ,,an,.d n his sec.
ion NJ On tho noi;cias If ,ha cnn,u,nv in f,roa
aanh loan ha;,g lass ,bon ,hs no, fuaiua IF ,hn
n"I;or ~, which Tho lnan IL aJo n.ovdsJ
pI I ,ha, tho c"rrsn, orta, vaIa p,o " snol
nlaJaa,, ias o,har ,han ,,a hond. and
s,nots IF hi. S,a;o nr or ,ha IIn;,aJ S,a,.s
.hslI no At all t;,nes dnr;no Tho cont;nuance of
snch ,oans a, leas, ,sn nsr Con, ,,nre ,han ,ha
s,,n, ioanaJ IN ,han, ,nd oil ,,nI lonns ara
s s',ioa, - ,ho nowar of ,h suon =" ,ern,;
na,o ~ oanoa in noSo or donraa;a,;on of Tive
,ao ;ie I Iin ~ III, d n;da, =, .n n
;,,na.,.,,a,,s n,.da non .,nn'aiod soor.;,;aa
,ho ',;do ~ ,H " dah, ahoms g. ,Lo
."o ur,a ~. daed ~ ,rr., snail accompany '"0
VI
81. ANY person or persons or any company
or association violating any oil the provisions