Commissioner or chief financial officer of the State in which such company is organized, or of some one of the United States, setting forth that such company has deposited with him the sum of one hundred thousand dollars of its capital or assets, in gold coin of the United States, or invested in notes or bonds of the United States, or in bonds of the State of Maryland, or of the State in which said company is organized, or in bonds secured by mortgage or deeds of trust on unincumbered real estate, worth at least double the amount loaned thereon, and that he holds the same in trust and on deposit, under and by the laws of the State in which he resides, for the benefit of all the policy holders of such company in the United States, and that he is satisfied that the securities so deposited by such company, and held by him, are worth at least one hundred thousand dollars; provided, that every such company not having such deposit made in the State in which it is organized, or in some one of the United States, may make such deposit with the Treasurer of Maryland, in the manner provided by law for companies organized under the laws of this State. 1888, art. 23, sec. 1872, ch. 388. 1880, ch. 387. 126. 1860, art. 56, sec. 31. 1858, ch. 432, sec. 6. 1874, ch. 400. 1876, ch. 248. 1878, ch. 106. 1890, ch. 545. 1894, ch. 290. 1902, ch. 520. 167. No person shall act as agent or solicitor in this State for any insurance company, including individuals, whether residents or non-residents, partnership or joint stock association, except for such companies as may be chartered under the laws of this State, in any manner whatever relating to insurance risks, until all the provisions of this article relating thereto have been complied with and there has been granted by the Insurance Commissioner a certificate of authority or license, for which said company, individual, resident or nonresident, association or their agent shall pay to the Insurance Commissioner the sum of three hundred dollars, and shall also pay to the Insurance Commissioner a tax of one and one-half per centum on the amount of premiums actually collected, received or secured in this State, or from residents thereof, during the last license year by or for said company, individual, resi dent or non-resident, partnership or association, and without any deduction for expenses or endowments which may have been paid, or for any other cause whatsoever. A report of the premiums so collected as above must be made to the Insurance Commissioner under oath of the chief accountant officer of such company, or its general agent of this State, at the time of obtaining the license hereinabove provided for. Any company applying for admission in this State shall pay for license in like proportion for a fractional part of a 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 insurance company, individual, resident or non-resident, partnership or association, whether of this State or otherwise, doing business in this State, the following fees to the Insurance Commissioner to defray the expenses of executing the provisions of this article: Upon filing the declaration or certified copy of charter hereafter admitted to do business in this State, twenty-five dollars; upon filing each annual statement, twenty-five dollars; for each certificate of authority which each agent or solicitor of every insurance company not organized under the laws of this State, and doing herein the business of insurance in any of its branches, is hereby required to obtain, the sum of ten dollars; provided, however, that subagents or solicitors, who may be appointed by the general agent of any life or accident insurance company in this State, shall only be required to pay for these respective certificates of authority the sum of two dollars; for each abstract of their annual statement for publication, two dollars; for every copy of any paper filed in the insurance department, the sum of twenty cents per folio, and for affixing the official seal to such copy, and certifying the same, one dollar; for valuing policies of life insurance companies, thirty dollars per million of insurance or any fractional part thereof; for official examination of companies under this article, the charges specified in the sixth paragraph of Section 160 of this Article; provided, the filing of the papers with the Insurance Commissioner, as required by this article, shall be in lieu of all papers formerly required by law to be filed with the Comptroller and clerk of the Superior Court of Baltimore City, and the certificate of authority issued to any solicitor of a foreign insurance company, whether he be a solicitor for a life insurance company or a fire insurance company, or for an insurance company doing the business of insurance in any of its branches, shall have specified upon its face the name of the company for which said solicitor is authorized to act. 1900, ch. 512, sec. 126A. 168. No corporation or association, whether organized under the laws of the State of Maryland or otherwise, and no copartnership or individual, and no agent or employe of any company, individual, association or firm, whether such person be a licensed broker or otherwise, shall, directly or indirectly, pay, except to the lawful agent or solicitor of such company, and to him solely upon the premiums or policies issued by the company for which he may be licensed agent or solicitor, or to an insurance broker licensed by the State of Maryland, any commission, reward or rebate in consideration of procuring, or influencing others to procure, insurance from such company, association, individual or firm, nor collect or agree to collect from any person, whether or not the same may be the owner of the property insured, or his agent, or other person, any amount less than that expressed in the policy or policies as being the premiums therefor; and any person violating any of the provisions of this section shall be subject to the fines imposed by Section 188 of this Article. Ibid. sec. 126B. 169. No corporation or association authorized to transact business in this State, and no co-partnership or individual, resident or non-resident, shall write any policy of insurance, or assume any liability in the matter of insurance upon any property, real or personal, situate in this State, unless such policy, certificate or other evidence of liability assumed by said corporation, association or individual shall have been, previous to delivery, signed or countersigned by an officer or agent, resident Art. 23, sec. 167-When plat filed in condemnation proceedings does not cover bed of stream or highway, such bed can not be taken without further proceedings. Shipley v. Western Md. R. R., 99 Md. 115. in this State, authorized by law to sign such policy or contract; provided, however, that policies issued to railway corporations insuring the rolling stock and other movable property of said road, and those insuring the liability of such railroads as common carriers, shall be subject to the requirement that they shall be signed by the resident agent in cases only where more than one-half the trackage of the roads operated by such railway companies is situate in the State of Maryland. The premiums on all policies so signed or countersigned shall be included in the report of gross premiums required to be made to the Insurance Commissioner by all companies not organized under the laws of this State; and any person violating the provisions of this section shall be subject to the fines imposed by Section 188 of this Article. 1902, ch. 1, sec. 126c. 170. No insurance company, corporation or association chartered, incorporated or organized under the laws of the State of Maryland, shall hereafter engage in or carry on the business in this State of becoming surety or guarantor on bonds of any kind, or the business of issuing policies of insurance of the classes known as employers or public liability, personal accident, plate glass, steam boiler, burglary, sprinkle leakage, credit indemnity, health or any other kind of insurance except life, fire and marine policies and except insurance companies described in Sections 176 and 177 of this Article, or any insurance company doing what is known as an "industrial insurance" business, until such company shall have obtained first from the Insurance Commissioner of Maryland a license of authority for that purpose. Ibid. sec. 126D. 171. Such license shall be issued by the Insurance Commissioner to the company, corporation or associattion entitled to the same annually on the 31st day of January, for the period of one year, upon the payment of the license fee hereinafter mentioned. 1902, ch. 1, sec. 126E. 172. Each company, corporation or association chartered or organized as aforesaid upon applying for said license shall pay to the Insurance Commissioner the sum of fifteen hundred dollars for the same; or if the application be made subsequent to the beginning of a license year, then a pro rata proportion of the said sum of fifteen hundred dollars. Ibid. sec. 126F. 173. Any such company, corporation or association failing to comply with the requirements of the three preceding sections before engaging in any of the classes of insurance herein mentioned, shall be subject to the penalties imposed in Section 175 of this Article, and the issuing of each policy of insurance without compliance herewith shall be deemed a separate offense. Ibid. sec. 126G. 174. No license fee shall be hereafter required of or collected from any company, corporation or association chartered, incorporated or organized under the laws of any of the States of the United States other than the State of Maryland, or under the laws of the District of Columbia or of any of the Territories belonging to the United States as a condition of granting to such company, corporation or association a license to carry on any of the classes of insurance business known as surety, liability, fidelity, accident, boiler, plate glass, health, burglary, sprinkle leakage, credit indemnity, or casualty insurance; provided, however, that Sections 170-174 shall not be construed to relieve any insurance company, corporation or association of any kind whatsoever of or from the obligation to pay the tax upon its premiums mentioned in Section 167, or any other tax or charge now imposed by law, saving and except the license fee heretofore charged for carrying on said business; provided further, that when by the laws of any other State, Territory or District of Columbia incorporating the company of the character described in Section 170 of this Article a license fee is required to be paid by the like company, corporation or association incorporated in the State of Maryland, then in such case the Insurance Commissioner of the State of Maryland shall require of such non-resident company the same license fee, if any there be, as the State or government of its incorporation would require of a like Maryland company, |