Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1878-05-03
LG1Cs--- General.


the company, upon whom process of law can be
served there must also he filed with the
insurance commissioner a certified copy of the
vote or resolution of the directors appointing
such attorney which appointment shall continue
until another attorney be substituted. And
said writing or power Of attorney shall stpu-
late and agree on the part of the company
making the same, that any lawful process
against said company, which is served on such
agent, shall be of the same legal force and
validity as if served on such company associa-
ton within this State ; and also that in case of
the death or absence of the attorney so appoint
ed, service of process may be made upon the
Insurance commissioner Of this State and such
power of attorney cannot he revoked or modi-
ned, Except that a new one may be substituted
so long as any policy or liability remains out
standing against such company in this State.-
The term "process" used above shall be held
and deemed to include any writ, summons or
order, whereby any action, suit or proceeding
shall be commenced, or which shall be issued in
or upon any action, suit OF proceedings by any
court, officer or magistrate Third. A state
ment Of the condition Of the company on the
thirty-irst day of December next preceding,
under oath Of the president or vice president of
the company, with that Of the secretary or
actury as hereinafter provided for Fourth.
A certificate of the appointment of general
agent of the company for This State, and list of
its agents authorized 10 transact business for
said company within this State, and no certif-
cate of authority as hereinafter described shall
be issued to any person or persons not so desig-
mated 10y the company as agent except in the
case of solicitors of life insurance, who may be
designated by the general agent Of the company
for this State,
81. n o person shall act as agent or solicitor
in this State for any insurance company, nclud-
s,lt
dent, partnerships or joint stock associations,
Except such companies as may be chartered I'M
der the laws Of this State,) in any manner what
ever relating TO Insurance risks until all the pro-
visions Of this act have been complied with, and
there has been granted by the insurance commits
stone: a certificate of authority or license, for
which said company, individual, resident or
nonresident or association. or their agent,
shall pay into the State Treasury the sum of two
hundred dollars, and shall also pay into said
treasury, tax of one and one-haf per centum
on the gross premiums received, less the losses,
dividends and annuitics paid in this State dur
ing the last license year, for said company, in
dividual resident or nonresident. partnership or
association "a report of which premiums, losses,
dividends and annuities, so collected and paid
for any such company, must be made TO the in
suranCe commissioner, under oath of the general
agent. or chief accounting officer of such COM
pdIg pIOOtUtu, liisll All Ill
State for period not less than two years, shall
be exempt from the payment of said tax of one
and one-balf per cent, and from the retalatory
clause of this act J any company applying for
admission into this State shall pay for license in
like proportion for the fractional part of year.
SO that all licenses issued shall expire on the
thirty-first day of December, next ensuing in
addition to the above license and tax, there shall
be paid by each company, individual, re5ident
os..4ip rln4l,o ~
State or otherwise, doing business in this State,
the following fees, to defray the expenses of ex-
ecuting the provisions Of this act upon filing
this declaration or certified copy of charter,
(Which is only to apply to companies hereafter
admitted to do business in this State fifty dol
lars; upon filing annual statement, twenty-five
dollars for each certificate Of authority, which
each agent Of every company not organized I'M
der the laws of this State, is hereby required to
obtain the sum CT ten dollars propded, hoceUer,
that sub-agents or solicitors, who may be ap-
pointed by the general agent of any life insurance
company in this State shall only be required to
pay for their certificates of authority the sum of
two dollars 4: for each abstract of their annual
statements for publication, two dollars for every
copy of any paper filed in the insurance depart
ment, the sum OF twenty cents per folio ; and
for afixing the official seal to such copy, and
certifying the same, one dollar; for vauing pol
" ;oo aaii ,,n9
ibIr e. y, ~ 90
;o' on''iui eAu,ii,ii''s,ons VI 0oNP"niTo
unue' 1'iiS a0'' ''c "o'u@i eAPenseo ~
PROVIDED, uaI we n.ins Vi ale PaPIts MN L! .ne
ineui"hee oo'ii.iiss'ou1,, 10 ~ 'ilo az,
law to be filed with the Comptroller and Clerk
of the Superior Court of Baltimore city.
3d. Any person, body polite or corporate,
who shall make, negotiate or solicit within TINS
State any contract OF insurance, or snail eject
an insurance or assurances or pretend 10 eilect
an insurance or assurances or receive and trans
init any offer or offers OF insurance or assurances
or receive or deliver policy or policies OF IN
surance, or connect any other person or persons
with them in any policy they may at the time
hold or advertise or circulate any card, circu-
lar, notice or open or keep any Office for the
transaction of said business, except as insurance
broker du.y llcensed, without inlly complying
with all the provisions OF this act shall be sub
ject TO the fines imposed by section thlrty-siX OF
this act.
80. Every insurance company, including indi-
yiduals, partnerships. Joint stock associations
and corporations, conducting any branch of in
surance business in this State must transmit TO
the insurance commissioner statement of its
condition and business Tor the year ending on
the preceding thlrty-hrst day OF December,
which statement shall be rendered on the first
day Of January following or within sixty days
thereafter, Except that foreign companies may
transmit their statement Of business other than
that done in the United States, at any time prior
TO the following first day of July,) which state
ments must be IN the form, and state the partic-