clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e

PLEASE NOTE: The searchable text below was computer generated and may contain typographical errors. Numerical typos are particularly troubling. Click “View pdf” to see the original document.

  Maryland State Archives | Index | Help | Search
search for:
clear space
white space
The Annotated Code of the Public General Laws of Maryland, 1918
Volume 374, Page 139   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space
ART. XXIII] INSURANCE DEPARTMENT. 139
the laws of this State, shall pay the sum of one hundred dollars
($100.00) ; and all companies, or their agent, except such as may be
chartered under the laws of this State, shall also pay to the Insurance
Commissioner a tax on the amount of premiums contracted to be paid
or actually collected, received, allowed or secured in this State, or
from residents thereof, during the last license year, by or for said com-
pany, and without any deduction for expenses or endowments or divi-
dends that may have been paid or allowed, or for any other cause what-
soever. Said tax shall be at the rate of two per centum on premiums
on policies of such companies whose charters authorize them to write
fire, marine or inland insurance, and at the rate of one and one-half
per centum on premiums on policies of all other such companies, and
which rates shall not be increased or diminished by reason of any
greater or less rates being chargeable under the laws of any other State
or Territory. A report of the premiums so collected as above must be
made to the Insurance Commissioner under oath of the chief accountant
officers of such company at the time of obtaining the license herein-
above provided for. The Insurance Commissioner, in computing the
tax upon premiums collected in this State by fire and marine insur-
ance companies, may allow credit for return premiums on cancelled
policies and for reinsurance effected in companies authorized to do
business in this State. Any company applying for admission to this
State shall pay for its license pro rata for a fractional part of a year,
so that all licenses issued shall expire at midnight on the thirty-first
day of December next ensuing the date of issue. 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 certified copy of charter,
declaration of organization or deed of settlement required by this Ar-
ticle to be filed as a condition precedent to do business in this State,
twenty-five dollars; upon filing each annual statement, twenty-five dol-
lars ; for each certificate of authority which each general agent 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; and for each certificate of
authority issued to any policy-writing agent who may be appointed by
any fire or marine insurance company, except such as may be chartered
under the laws of this State, the sum of ten dollars; and the sum of five
dollars for each certificate of authority issued to any solicitor who may
be appointed by any fire or marine insurance company, except such
companies as may be chartered under the laws of this State, which said
company shall pay the fees required by Section 184D of this Article,
and except for those companies of such States, District or Country as
charge a greater sum than five dollars for each similar certificate of


 
clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
The Annotated Code of the Public General Laws of Maryland, 1918
Volume 374, Page 139   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  October 06, 2023
Maryland State Archives