The Prince George's enquirer and southern Maryland advertiser. (Upper Marlborough, Md.) 1882-1925, 1894-05-04
CHAPTER 25S.

CHAPTER 25s.
AN ACT TO REPEAL SECTIONS 1877 OF
ARTICLE % OF THE PUBLIC GENERAL
LAWS OF MARYLAND, TITLE ''CORPQR-
ATOMS" SUBTITLE. INSURANCE
PREPAYMENT AND TO RE-ENACT THE
SAME WITH AMENDMENTS.
SECTION l. Be it cnacte by the General
4 assembly of Hdryttnd. That Section 1877 of
Article % of the Public General Laws of
Maryland title Corporations subtitle IN
surance Department be and the same is
hereby repealed and re-enacted SO as to read
as follows:
Section 1877. Any person, body polite or
corporate partnership or association who or
which shall make. negotiate or solicit within
this State any contract of Insurance or shall
effect an Insurance or assurances or pretend
TO effect an Insurance or assurances or con-
meet any other person or persons with them
In any policy they may at the time hold or
shall do any business of Insurance of any
kind or make any guaranty contract or pledge
Tor the payment OF annuitieS or cndowments
or money whether the amount thereof be fixed
Or contingent to the families or representa-
tives OF any policy or certificate holder or the
Ike or Shall advertise or circulate any card,
circular, notice or open or keep any Office for
the transaction of said business. except an In
surauce broker duly licensed, without fully
complying with all the provisions of this sub
title OF this Article shall be subject to the fines
duh Dcii.ltltS lJlpOSeu 10y Sec(lOn l0o Oh lLlS
Article and the term Insurance Company as
used in this Article shall be taken to embrace
every corporation. association, partnership or
individual engaging in such business and
every such corporation. association. partner
ship or Individual, making any engagement
FOR the payment of any money or other bene-
fits III the event OF sickness. accident or death
or other contingency either to the member.
policy or certificate holder or by whatsoever
name the same may be known or to their
families or representatives or entering into
any contract or agreement in which the
chances or probabilities of the duration of
lif" Or the rate Of mortality or hazard of occu-
patton are in any way involved an as element
or condition OF such contract or agreement
shall be deemed and taken to be life InSur-
ance Company within the meaning of this
Article and shall be subject to all the require
ments OF law applicable to said life insurance
company provided that the said business may
be conducted on the mutual or cooperative
plan and that all such organizations shall
priorto beginning business and thereafter have
in force bona tide application for membership
from at least one hundred persons and in
ease said organization issues its certificates
for 4 maximum sum of less than five hundred
dollars. these said applications shall at least
equal Ten Thousand Dollars of Insurance and
If any certificate of insurance on one life be
issued in excess OF five hundred dollars then
they shall at least equal the amount of in
surance now required by law for a mutual
company and in addition thereto comply with
the seven following sections of this Article for
said mutual or cooperative organizations
provided that nothing herein contained shall
be construed to apply TO the granting of relief
or benefits to members or their families by
any societies OF purely AMI exclusively
religious. charitable or benevolent description
which are not operated with 4 view to Il profit
by their officers or members.
SEC. ,. And be ii enacted. That this Act
shall take effect from the date of its passage.
Approved April6 1894.
FRANK BROWN, Governo.
JOHN WALTER SMITH.
President of the Senate.
JAMES II. PRESTON,
Speaker of the House of Delegates
We hereby certify that the aforegoing is
correct copy of an Act OF the General Assem-
bly, of Maryland, passed January Session
1894.
J. ROGER MCSHERRY
Secretary Of the Senate.
3. L. SMITH,
Chief Clerk of the House of Delegates