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Session Laws, 1951
Volume 603, Page 992   View pdf image (33K)
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992 LAWS OF MARYLAND [CH. 308

(1939 Edition), title "Insurance", sub-title "Agents and
Brokers", relating to applications for brokers' licenses.

SECTION 1. Be it enacted by the General Assembly of Maryland,
That Section 90 of Article 48A of the Annotated Code of
Maryland (1939 Edition), title "Insurance", sub-title
"Agents and Brokers", be and the same is hereby repealed
and re-enacted, with amendments, to read as follows:

90 (Broker's License. ) Any natural person, bona fide
copartnership, or corporation whose charter provisions
authorize it to engage in the business of an insurance
broker applying therefor as hereinafter set forth, and
paying to the Insurance Commissioner the sum of one
hundred dollars for the use of the State, and an additional
sum of one dollar as a fee to the said Commissioner for
issuing said license, may obtain a license for carrying on
the business of an insurance broker; provided, however,
that any natural person, bona fide copartnership, or cor-
poration as aforesaid residing in any of the counties of
this State, may, upon payment of a fee of twenty-five
dollars for the use of the State, and an additional sum of
one dollar as a fee to the said commissioner for issuing
said license, obtain a license to act as broker as to risks
situated in the county only within which he, they or it
may reside. A license issued to a copartnership or cor-
poration shall authorize only those members of the co-
partnership, not exceeding three in number, who are speci-
fied in the license, or those officers, agents and employees
of the corporation, not exceeding three in number, who
are specified in the license, to act for the said copartner-
ship or for the said corporation thereunder. The Insur-
ance Commissioner shall from time to time, upon applica-
tion, and payment of an additional sum of fifty cents in
each case as a fee to the Insurance Commissioner, change
the designations of members of copartnerships and of
officers, agents and employees of corporations in licenses
Issued under this section to copartnerships and corpora-
tions. Every application for a license under this section
shall be addressed to the Insurance Commissioner in writ-
ing on forms prescribed and prepared by him, and shall
set forth in full the name and address of such applicant
and the name and address of each person who proposes
to act under a license issued as aforesaid to any copartner-
ship or corporation, that each such applicant or person
proposing to act under such license has not wilfully vio-
lated any of the insurance laws of this State during the
past year and that he will not violate any such law during
the term of the license applied for if issued; that he has
not dealt unjustly with or deceived any citizen of this


 

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Session Laws, 1951
Volume 603, Page 992   View pdf image (33K)
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