HERBERT R. O'CONOR, GOVERNOR. 1651

upon all agents or companies of such State doing business in
this State, instead of those prescribed by the laws of this State.
The foregoing retaliatory provisions shall, however, be inap-
plicable to agents of companies and companies of another
State, if such other State has no retaliatory provisions ap-
plicable to agents of companies or companies of this State.

SEC. 5. And be it further enacted, That Section 159 of Arti-
cle 48A of the Annotated Code of Maryland (1939 Edition),
title "Insurance", sub-title "Mutual Insurance Companies",
Section 196 of said Article, sub-title "Fraternal Beneficiary
Associations", and Section 236 of said Article, sub-title "Non-
Profit Hospital Service Plans", be and the same are hereby
repealed and re-enacted, with amendments, to read as follows:

159. Tawes, Fees, Reserves, Reports, Examinations, Publica-
tions, etc. Every mutual insurance company, whether organ-
ized within or without this State, shall be subject to all pro-
visions of the laws of this State relating to policy forms, the
supervision of rates, prohibition of discrimination, rebates,
annual reports, reserves, taxes and fees, except as herein
otherwise provided, that apply or relate to stock insurance
companies doing a similar class or classes of business. Every
mutual insurance company, whether organized within or with-
out this State, shall make its annual report in such form and
submit to such examination and furnish such information as
may be required by the commissioner. Whenever such mutual
insurance companies shall furnish to their policyholders in
this State annually, a detailed statement of their financial
condition, and shall also furnish a copy thereof to the Insur-
ance Commissioner for his approval, they shall be exempt from
the requirements of any laws of this State providing for adver-
tising such statements in any newspaper. So far as practica-
ble, the examination of mutual insurance companies organized
outside of this State shall be made in cooperation with the
insurance departments of other States, and the forms of an-
nual report shall be such as are in general use throughout the
United States.

196. Admission o f Foreign Associations. No foreign association
shall transact any business in this State without a license
from the Insurance Commissioner. Any such association
shall be entitled to a license to transact business within this
State upon filing with the Commissioner a duly certified
copy of its charter or articles of association; a copy of its
constitution and laws certified by its secretary or corre-
sponding officers; a power of attorney to the Commissioner
as hereinafter provided; a statement of its business under