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Session Laws, 1941
Volume 582, Page 1649   View pdf image (33K)
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HERBERT R. O'CONOR, GOVERNOR. 1649

"Fraternal Beneficiary Associations", and Section 243 of said
Article, sub-title "Non-Profit Hospital Service Plans", be and
the same are hereby repealed.

SEC. 3. And be it further enacted, That Sections 33 to 38,
inclusive, of Article 48A of the Annotated Code of Maryland
(1939 Edition), title "Insurance", sub-title "General Pro-
visions", be and the same are hereby repealed and five new
sections be and they are hereby enacted in lieu thereof, said
new sections to follow immediately after Section 32 of said
Article, to be known as Sections 33, 34, 35, 36 and 37 and to
read as follows:

33. Definition of Insurance Company. As used in Sections
34, 35, 36, 37, 40, 41, 82 and 83 of this Article the phrase
"insurance company", in addition to stock companies, includes
mutual insurance companies, fraternal beneficiary associa-
tions, non-profit hospital service plan corporations, and attor-
neys-in-fact for reciprocal exchanges or inter-insurers.

34. Conditions Precedent to Beginning Business. No per-
son shall act as agent or solicitor in this State for any insur-
ance company in any manner whatever relating to insurance
risks, until all the provisions of this Article relating thereto
have been complied with, and there has been granted by the
Insurance Commissioner a certificate of authority or license
to said company. Nor shall any person act as aforesaid for
any insurance company whose certificate of authority or
license shall have expired and not been renewed, or shall have
been revoked.

35. Expiration of Certificates of Authority. All initial and
renewal certificates of authority or licenses heretofore or here-
after issued to insurance companies, or to agents or solicitors
for insurance companies, shall, unless previously revoked, ex-
pire at midnight on the 30th day of June succeeding the date of
the issuance of such certificate of authority or license.

36. Fee for Certificate of Authority. Every insurance com-
pany doing business in this State shall pay to the Insurance
Commissioner a fee of ten dollars for the initial certificate of
authority or license issued to it, and the sum of ten dollars
for every renewal certificate of authority or license thereafter
Issued to it.

37. Prohibition Against Local Licenses. No county or city
of this State shall require any insurance company, or any of
its agents or solicitors, or any insurance broker, or the solicitor
of any insurance broker, to obtain a certificate of authority

 

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Session Laws, 1941
Volume 582, Page 1649   View pdf image (33K)   << PREVIOUS  NEXT >>


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