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The Annotated Code of the Public General Laws of Maryland, 1939
Volume 379, Page 2130   View pdf image (33K)
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2130 ARTICLE 48A

ing any contracts of insurance or re-insurance or in any renewal or renewals
of any such contracts, or to deliver any policy or bill to any assured or
collect any premium of insurance in his own name or in any other manner
than in the name of and as the agent of said broker. 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 appli-
cation. The broker for whom any such solicitor shall act under such license
may place any insurance procured by or through said solicitor in any com-
pany and in the same manner and to the same extent as if said business
had been procured or negotiated directly by said broker.

An. Code, 1924, sec. 70. 1922, ch. 492, sec. 67.

92. (Non-Resident Brokers.) Any duly authorized broker of any other
state of the United States or of the District of Columbia, residing outside of
this state, may negotiate any contract of insurance within this state or on
property located within this state to the same extent, and on the same
terms and upon the payment of the same fees as are or shall be required,
demanded or exacted by any such state or the District of Columbia, or from
citizens of this state negotiating or transacting a like business in any such
state or the District of Columbia.

1927, ch. 696.

93. Any person, individual, firm, corporation or association of what-
ever character offering, contracting, giving, selling, or in any manner ten-
dering as part of or in connection with his or its service or business, any
insurance policy or policies of any character or description, shall be deemed
to be transacting the business of insurance, and shall come within the juris-
diction of the State Insurance Department of Maryland, and be subject to
all the laws of Maryland relative to insurance as provided in this Article.

Every policy of insurance as hereinbefore mentioned must have plainly
stamped upon its face the full amount of premium paid for said insurance.

Any person, individual, firm, corporation or association violating any of
the aforesaid sections or sub-sections shall be deemed guilty of a misde-
meanor, and shall be subject to all the fines, penalties, restrictions and in-
hibitions as set forth in Section 94 of this Article.

An. Code, 1924, sec. 71. 1922, ch. 492, sec. 68.

94. (Penalties for Violation of Sections 88, 90, 91 and 92.) Any per-
son who shall use or exercise within this state the business or occupation of
an insurance broker or broker's solicitor, as the case may be, without having
procured a license therefor, as required by sections 88, 90, 91 and 92 of this
article, and each person who employs, and each member of any partnership,
and each officer of any corporation having authority to employ agents,
clerks and solicitors, who shall employ or permit the employment or receive
or accept the services of any broker's solicitor until a license in each such
case shall have been duly issued as provided in section 91, shall be deemed
guilty of a misdemeanor and shall be subject to a penalty of five hundred
dollars for each such offense, one-half for the use of the state and the
other half to the informer.
For abolition of informer's fees, see art. 38, sec. 3.


 

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The Annotated Code of the Public General Laws of Maryland, 1939
Volume 379, Page 2130   View pdf image (33K)
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