The Massachusetts spy. [volume] (Worcester [Mass.]) 1831-1858, 1832-05-02
STATE LAW s.
AN ACT respecting Agencies of Iasur-
ance Companies incorporated out of this
Commonwealth

AN ACT respecting Agencies of Iasur.
ance Companies incorporated out of this
Commonwealth.
Sec. l. Be Il enacted, &c., That where, by the
laws OF any State Of the United States other than
this Commonwealth, row in force, or hereafter TO
be enacted, an Agent of Insurance Companies m
corporated in this Commonwealth, is or shall be
liable iRsnch other State to pay special tax, ex-
c,se OF commission, on the am"euts he NAV pro-
cure to be insured bv Insurance Companies moor
rorared IN this Commonwealth; then and IN snch
case any person residing in this Commonwealth,
and acting as the Agent for any Insurance Compa-
ay incorporated IN any such other STATE ior tne
purpose of proposing, procuring, or agreeing ior
assurances to be made by such Compah'e-i, so IN
corporated in any such other state, on properly
situated in IN behalf OF Persors residing IN ms
Commonwealth. ever person so ac'ing IN .his
Commonwealth as such Agent as aioresae, shali
semi-annnally on, or within ten days before the
first Mondays of April and October, respectively
every wear make a return to the Treasurer OF this
Commonwealth, under oath, OF all amounts he
shall as such agent, so have agreed Tor insurance
Of, or so procured TO be insured, daring the SIX
months preceding the time Of making such return.
And in case Of his negecting to make such return,
or of his making the same falsely or fraudulently
he shall forfeit for each such neglect. or for each
such false or fraudulent return so made, the sum
of One Thcnsand Dollars. one halt to the use OF
the person complaining theree, and one hall TO the
use of the Commonwealth; and on making such
return, such Agent shall pay over to the Treasurer
os this Commonwealth, one half Of one per centum
on the whole amount so by him or through his
agency, procured OF caused TO be insured.
Sec. g Be u further enacfed, That no person
shall act in this Commonwealth, as such agent Of
nny Insurance Company, Incorporated in any such
other State, wherein like sgencies are taxed
aforesaid, or as such agent shall. in this Common
wealth, procure or agree for any sum to be insured
rn property in this Commonwealth. or in behalf
al persons residing therein, until be shall have
first given bond in the penalty OF at least Five
Thousand Dollars, to the Treasurer OF this Com
nonwealtn with two er more sureties ia be BY
him approved, to pay into The Treasury of this
commonwealth, se.ni-aHnuaily as aforesaid the
said amount of ore half OF one per centum on all
sums that shall oe by him as such agent. procured
or caused, tr be insured; provided however, that
in case asv such tax, excise, or commission as
aforesaid shall be imposed exacted in any other
State Of the United States by law passed after
the passing OF this Act, then any person actihg or
proposing to act such Agent aforesaid in this
Commonwealth, for any Insurance Company, in
corpora:ed by the laws Of such State SO hereafter
imposing such tax. excise or commission, shall not
this Commonwealth, or to pay such commission of
one half OF one per centum on the amount by him
procured to be insured, or to make return of anv
sums that may by him be procured TO be insured
until sixty days after the passing Of such law in
such other State.
Approved by the Governor, March II, 1882