1858 ARTICLE 48A.

collected, and total losses paid, the total amounts returned to subscribers
and the amounts retained for expenses. Provided, however, that such
attorney shall not be required to furnish the names and addresses of any
subscribers. The business, affairs, records and assets of such organiza-
tion shall be subject to examination by the insurance commissioner at the
expense of the organization examined.

1922, ch. 492, sec. 139.

142. All Domestic Corporations Authorized to Exchange Contracts
of Insurance. Any corporation now or hereafter organized under the laws
of this state, shall, in addition to the rights, powers and franchises specified
in its articles of incorporation, have full power and authority to exchange
contracts of the kind and character herein mentioned. The right to exchange
such contracts is hereby declared to be incidental to the purposes for which
such corporations are organized and as much granted as the rights and
powers expressly conferred.

1922, ch. 492, sec. 140.

143. Certificate of Authority. Each attorney by whom or through
whom are issued any policies of or contracts for indemnity of the character
referred to under this sub-title, shall procure from the insurance commis-
sioner annually a certificate of authority stating that all the requirments
of this Article have been complied with, and upon such compliance and the
payment of the fees and taxes required by this Article, the insurance com-
missioner shall issue such certificate.

1922, ch. 492, sec. 141.

144. Taxes and Fees; Agents' Licenses. In lieu of all other taxes,
licenses or fees whatever, state or local, such attorney, except such as shall
have the principal office located in this state, shall pay annually on account
of the transaction of such business in this state, a license fee of twenty-five
dollars and a tax of two per cent, upon the gross premiums or deposits
during the preceding calendar year, deducting all amounts returned to
subscribers or credited to their accounts other than for losses; except that
where other states collect from reciprocal or inter-insurers having the prin-
cipal office of the attorney located in this state and exchanging indemnity in
such states, fees, taxes, or charges in excess of or less than those prescribed
by this section, then such attorneys having their, principal offices in such
states and exchanging indemnity in this state, shall pay to the insurance
commissioner of Maryland the same fees, taxes and charges as are collected
or would be collected by such other states from reciprocals or inter-insurers
having the principal office of the attorney located in Maryland and exchang-
ing indemnity in such states; and where any such attorney shall appoint an
agent, solicitor or representative to solicit or negotiate contracts of insurance
in this state, he shall first comply with section 61 of this article, and upon
full compliance with said section, said agent, solicitor or representative,
shall receive a license upon paying the following fees, to wit: For license to
represent such association or exchange issuing contracts or giving coverage