The Middlebury register. [volume] (Middlebury, Vt.) 1850-1882, 1853-01-19

Nesb ~ s'oiy ycet, uhkc = TttuTn,
On oath, TO the treasurer Of the state. Of
The number Of persons insured, or pro.
cured 70 be insured BY him, in this state,
IS sush agent, during the year preceding,
and oftbsspount Of premiums received
and assessments collected during the
said period, by him Or BY such company
in this state, and shall At the same time
pay TO said treasurer q tax Of one half
Of ono por cent Of tho 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 dcsmed to be premiums
for the purposes Of this section.
Sec u. II any such agent shall
neglect 10 make such returns and pay.
rnsnts ss are required in tho preceding
section, or shall make the same fraudu.
leutly or falsely, he shall for every such
offence forfeit sum not exceeding one
hundred dollars
See. IL. Every such agent shall, be-
fore making or procuring to be made any
contract Of insurance, as aforesaid, give
q bond to the treasurer Of the state, with
two or more surcties, to be approved by
such treasurer, in tho sum of Eve hun
.dred dollars with condition that he
shall make the annual return and pay
the tar, as herein before required.
See. 10. Every such agent shall e1-
hibit, in conspicuous letters, on his sign
designating his place of business, the
name Of the state in which the compa-
nyhe represents ia located. And said
company and agent shall also have print
ed, in large type, the name Of such state
upon all policies issued to citizens Of
.this stats, on all cards, placards and
pamphlets, and in all advertisements
published, issued or circulated in this
state, by them. or him, relating TO the
business of such company.
Sec. IA. If any person shall under
take, as agent Of any such company, to
make or renew, directly or indirectly
any contract Of insurance within this
state, and with any person resident there
in, without having complied with all the
acquisitions Of this act, or in any way
contrary 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 insurance commissioners, and
il shall be their duty annually, in the |
month of November, to examine the
statements and returns required to be
made by the attorneys and agents afore-
said and il, in their opinion. any state
ment or return shall be obscure, dcfec-
tive, or in any respect unsat isfactory, it
shall be their duty Immediately to re-
quire answers, under oath, from the at
torney or agent by whom such obscure,
defective or unsatisfactory statement or
return shall have been deposited or
made, by such interrogatories A. they
may deem necessary and proper to be
answered., in order to explain such state
mont or return, and exhibit full and &C.
surats view Of the business and resourc-
% Of the company represented by such
attorney or agent. And if any attor-
ney or agent shall refuse or neglect to
xnswer such interrogatories for the space
Of sixty days, the company represented
BY such attorney or agent shall be deem
cd not TO have complied with the provis
ions Of the laws Of this state and such
agent, if he continue to act as agent a.
aforesaid, shall be liable to the penalties
prescribed in the preceding section.
And said commissioners shall prepare an
abstract Of the statements and returns
made Ms aforesaid, and lay the same be-
fore the legislature at the annual session
thereof
Sec 10 The charges Of the trea.ur.
or and secretary Of state for services
and expenses under this act shall be paid
BY such insurance company. and shall be
= lien on the money, stocks or mortgages
so deposited with the treasurer and in
case of the failure of any such company
TO pay such charges, or to pay or dis.
charge any execution which may law.
fally issue on any judgment rendered a
gainst such company in favor Of any cit.
izen Of this state, in actions brought
on policies or on contracts in regard to
policies issued or made by such compa-
ny 10 or with citizens Of this state, then
In such case the treasurer shall pay such
charges, or such execution, out Of the
funds so deposited with him, and shall
have power to convert any of such secu-
rites into money in order to pay the
same. In which case such company
shall, within sixty days after receiving
notice from the treasurer of such paw.
ment out Of said depositc, supply and
make good the deficiency 50 made in said
deposite or be deemed not to have COM
piled with the provisions of this act.
Sec. IL. All penalties for violations
of the provisions Of this act may be re-
severed in the name Of any person who
shall sue for the same. in an action
brought on this statute, before any court
proper to try the same
Approved, November 90, 1852.