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Session Laws, 1941
Volume 582, Page 1650   View pdf image (33K)
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1650 LAWS OF MARYLAND. [CH. 906

or license to transact in such county or city any business
which it or he is authorized to transact therein under a cer-
tificate of authority or license issued to it or him under this
Article, or levy any occupational tax or fee for transacting
any such business.

SEC. 4. And be it further enacted, That Sections 40 and 41
of Article 48A of the Annotated Code of Maryland (1939 Edi-
tion), title "Insurance'', sub-title "General Provisions", be and
the same are hereby repealed and re-enacted, with amend-
ments, to read as follows:

40. Miscellaneous Fees. Every insurance company doing
business in this State shall also pay the following fees to the
Insurance Commissioner:

(a) For filing1 the certified copy of charter, declaration of
organization or deed of settlement required by this Article
to be filed as a condition precedent to doing business in this
State, the sum of twenty-five dollars.

(b) For filing each annual statement, the sum of twenty-
five dollars.

(c) For the certificate of authority or license issued to each
agent in this State of every such insurance company, the sum
of two dollars.

(d) For the certificate of authority or license issued to each
solicitor in this State of every such insurance company, the
sum of two dollars.

(e) For each abstract of its annual statement for publica-
tion, two dollars.

(f) For every copy of every paper filed in the Insurance
Department, the sum of twenty-five cents per folio; and for
affixing the official seal to such copy, the sum of one dollar.

(g) For valuing individual policies of life insurance com-
panies, fifteen dollars per million of insurance or any frac-
tional part thereof, and for valuing group policies of life
insurance companies, three dollars per million of insurance
or any fractional part thereof.

(h) For official examination of companies under this Arti-
cle, the charges specified in Section 51 of this Article.

41. Retaliatory Provisions. When by the laws of any other
State, any deposit of money or securities is required, or taxes,
fees, fines, penalties or other obligations or prohibitions are
imposed upon companies incorporated or organized under the
laws of this State, and transacting business in such other
State, or upon the agents of such companies, greater than
those required or imposed by the laws of this State, so long
as such laws remain in force, the same deposits, taxes, fees,
fines, penalties, obligations and prohibitions shall be imposed

 

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Session Laws, 1941
Volume 582, Page 1650   View pdf image (33K)   << PREVIOUS  NEXT >>


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