INSURANCE. 1825

of not less than twenty-five dollars ($25.00) nor more than five hundred
dollars ($500.00) from such insurance broker, broker's solicitor, agent or
solicitor, whose license may be subject to revocation under the provisions
of Section 62. Upon the acceptance of said fine (said acceptance being in
the discretion of said Insurance Commissioner) proceedings shall not be
begun by said Insurance Commissioner under Section 62 for the revocation
of such license for the offense in respect to which said fine is paid.

1922, ch. 492, sec. 62.

64. Payment of Commission to Unauthorized Agent. No company and
no agent or employee of any company, or other person, 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 on policies issued by the company for which be may be licensed
agent or solicitor, or to an insurance broker licensed by the State of Mary-
land, any commission, reward, or rebate in consideration of procuring, or
influencing others to procure, insurance from such company or person, or
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.

1922, ch. 492, sec. 63.

65. Resident Agent. No company authorized fib transact business in
this state, and no person, 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, situated in this state, unless such policy, certifi-
cate or other evidence of liability assumed by said company or person shall
have been, previous to delivery, signed or countersigned by an officer or
agent, resident in this state, authorized by law to sign such policy or con-
tract provided, however, that policies issued to railway corporations insur-
ing'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. Every company or
person, resident or non-resident, engaged in business in this state, shall
pay to its legally licensed agent in the State of Maryland, for signing or
countersigning any policy, certificate or other evidence of liability assumed
by said company or person, the same rate and amount of commissions as if
such policy, certificate or other evidence of liability had been issued through
said agent residing in the State of Maryland: and no agent shall sign or
countersign any policy, certificate or other evidence of liability, upon any
property situated in this state, for an amount less than the commission
allowed on any policy, certificate or other evidence of liability issued
through an agent residing in this state. 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.
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