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The Annotated Code of the Public General Laws of Maryland, 1924
Volume 375, Page 1827   View pdf image (33K)
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INSURANCE. 1827

of twenty-five dollars for the use of the State, and an additional sum of one
dollar as a fee to the said commissioner for issuing said license, obtain a
license to act as broker as to risks situated in the county only within which
he, they or it may reside. A license issued to a copartnership or corporation
shall authorize only those members of the copartnership, not exceeding
three in number, who are specified in the license, or those officers, agents
and employees of the corporation, not exceeding three in number, who
are specified in the license, to act for the said copartnership or for the said
corporation thereunder. The Insurance Commissioner shall from time to
time, upon application, and payment of an additional sum of fifty cents
in each case as a fee to the Insurance Commissioner, change the designa-
tions of members of copartnerships and of officers, agents and employees
of corporations in licenses issued under this section to copartnerships and
corporations. Every application for a license under this section shall be.
addressed to the Insurance Commissioner in writing on forms prescribed
and prepared by him, and shall set forth in full the name and address of
such applicant and the name and address of each person who proposes to
act under a license issued as aforesaid to any copartnership or corporation,
that each such applicant or person proposing to act under such license
has not wilfully violated any of the insurance laws of this State during
the past year and that he will not violate any such law during the term
of the license applied for if issued; that he has not dealt unjustly with or
deceived any citizen of this State or misrepresented the conditions of any
insurance policy or contract; whether or not he is indebted to any insurance
company or general agent by virtue of any contract as former agent or
broker, whether or not his license as insurance agent or broker has been
declined or revoked in this or any other State for a violation of law; where
and in what business engaged during the past year, and in addition to such
other information as the Insurance Commissioner may require, shall give
full answers to the following questions: Do you understand that it is
against the laws of this State (a) to act as a broker for any company
without license from this department, (b) to misrepresent the conditions
of any policy contract, (c) to make any discrimination between citizens
of this State in premiums, or to rebate any part of premiums or commis-
sions, or to twist or attempt to twist policies by misrepresentation. Said
application and declaration shall be signed by the person, a member of the
copartnership, or a duly authorized officer of the corporation applying as
the case may be. If any such license shall be issued for any portion of
any year, a ratable sum shall be charged therefor up to the first day of
May next succeeding the date of such application.

1922, ch. 492, sec. 66.

69. Brokers Solicitor. Any person who shall be a bona fide employee
of a duly licensed and qualified broker and not duly operating under a
broker's license in conformity with the provisions of section 68 of this
article, and who, for compensation, whether by way of salary or commis-
sion, or both, shall solicit on behalf of and in the name of his said employer,
and not in his own name, or in any manner aids his said employer in

 

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The Annotated Code of the Public General Laws of Maryland, 1924
Volume 375, Page 1827   View pdf image (33K)
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