Green-Mountain freeman. [volume] (Montpelier, Vt.) 1844-1884, 1852-12-16

with the requistiOns OF this act, the contract
shall be valid, but the agent OF such company
acting within this state, respecting the effect
ing of any policy of insurance, shall forfeit a
sum not exceeding twenty dollars, nor less than
ten dollars for each offence, And every person
shall be deemed an agent of such company, who
shall receive or transmit proposals for insur-
ance, or receive for delivery policies founded on
proposals forwarded from this state, or other
wise to procure insurance to be effected by such
insurance company for persons residing in this
state or who shall receive payment for such
policies and shall be subject to the restrictions
and liable to the penalties specified in this
act
SEC. 10. Every person, acting as agent for
any health insurance company not incorporated
by the legislature of this state, shall on the first
Monday Of October, in every year, make a re-
turn, on oath, to the treasures of the state, Of
the number of persons Insured " procured to
be insured by him, in this state n. 1lci agent,
during the year preceding, aru 4 ths A-r'u,rf ef
premiums received and assessments collected du-
ring the said period, by him or s}y such COM
pany in this state, and shall at the same time
pay to said treasurer tax Of one half Of one
per cent of the amount of such premiums and
assessments and the whole amount received
for policies, whether paid in money or in notes,
or in both shall be deemed to DO premiums for
the purposes of this section.
SEC. II. If any such agent slall neglect to
make such returns and payments as are re-
quired in the preceding section, Or, ,hall make the
Ame fradulcntly or falsely lie snail for every
dch offence forfeit sum not exceeding one
hundred dollars.
SEC l2 Every suchagent shall before making,
or procuring to be made any contract Of insur-
ance, as aforesaid, give bono to the treasurer
of the state, with two or more sureties, to be
approved by such treasurer, in the sum of five
hundred dollars, with condition that he shall
make the annual return and pay the tax as
herein before required.
SEC l3. Every such agent shall exhibit, in
conspicuous letters, on his sign designating his
place of business, the name Of the state in
which the company he represents is located
And said company and agent shall also have
printed, in large type, the name Of such state
upon all policies issued to citizens Of this state
on all cards, s,placards and pamphlets, and in all
advertisements published issued or circulated in
this state, by them, or him, relating to the bus
mess of such company.
/
agent of any such company, to make or renew,
directly or indirectly, any contract Of insur-
ance within this state, and with any person res
idcnt therein, without having complied with all
the acquisitions of this act, or in any way con.
trary to the true intent and meaning thereof
he shall forfeit and pay for every such offence
the sum of thirty dollars,
SEC. Is. The secretary and treasurer of the
state are hereby constituted a board of insur-
ance commissioners, and it shall be their duty
annually, in the month of November, to exam
inc the statements and returns required to be
made by the attorneys and agents aforesaid =
and it, in their opinion, any statement or return
shall be obscure defective, or in any respec
unsatisfactory, it shall be their duty immediate
ly tG@9qnire answers under oath, from the at
tornGy or agent by whom such obscure, defect
i've or unsatisfactory statement lraeturn shal
atoros as they may deem n6cesssay H and prope
to be answered. in order to explain such state
ment or return, and exhibit full and accurate
view of the business and resources OF the com
pany represented by such attorney or agont.-
And if any attorney agent shall refuse o
neglect to answer such interrogatories for tn
space of sixty DAYS, the company rcpresente
to have complied with the provisions OF the law
of this state ; and such agent, il he continue t
act as agent as aforesaid shall be liable to the per
atics prescribed in the preceding section. AnC
sald commissioner shall prepare an abstract G
the statements and returns made as aiorcsaid,an
the same before the legislature at the annut
session thereof.
SEC l6 The charges of the treasurer an
secretary of the state for services and expense
under this act, shall be paid by such insuranc
company, and Shall be lien on the money
stocks or mortgages 50 deposited with the treas
urer and in case Of the failure of any sue
! company to pay such charges, Or to pay or di,
charge any execution which may lawfully issu
on any Judgment rendered against such comp'
ny in favor of any citizen Of this state, in al
tons brought on policies or on contracts in r'
, gard to policies issued or made by such compo
ny to or with citizens Of this state, ;hen in sue
case the treasurer shall pay such charge,
, such execution, out of the funds 50 depositC
2 with him, and shall have power to convert an
of such securities into money in order to pa
} the same. In which case such company shal
within sixty days after receiving notice from IL
4 treasurer of such payment out Of said deposit
supply and make good the deficiency 50 made
said deposito, or be deemed not to have con
piled with the provisions of this act
a SEC Il. All penalties for violations of Il
. provisions of this act may be recovered in til
name of any person who shall sue for the sam
in an action brought on this statute, beio
any court proper to try the same.
= Approved, November, %, 1852.