Oxford Democrat. [volume] (Paris, Me.) 1833-1933, 1870-04-22

2 ft0
month Of September of each year with suitahI.
blanks for sueh purpose a. be mixed by them one ~
commissioner.
sEcr. 6. II upon examination the commissions
Is OF opinion that any Insurance company ncorpora.
ted by this state Is nsolVent, that IT, AFFAIR." and
condition are such To render it, further proceed.
ngs hazardous Ia the public or it, policy holders he
shall apply - Justice of the supreme judicial curt
To- issue an injunction restraining the company In
Whole or In part from further proceeding will, H..
business. such justice any other Justice OF aid
court may thereuPon, either with or without notice
Issue such Temporary INJUNCTION or IL notice such
temporary or permanent action a. he NAV think
proper, either of which he may afterwards modify
raeste or perpeuate, and he may also pas such or
dcrs an decrees. appoint r.c.iyers receive the
assets oi TIE company and such masters aud do any
Gerry practice In his opinion b.. requisite for
the safety OF tho public and for the best interests OF
AL parties concerned, all which orders and DEGREES
he may In like manner enforce All such proceeding.
shsii be at once made known to the ci.rk OF the
docket place them Tile aud record them la ths rec
orus o the court For his fcs the clerk shall receive
pay Inent out Ut the OF tbe company the same
10 De audited aud allowed by the court.
skor. T. IL Spall not b. lawful for any insurance
0.pay lneorporsted by any other state or govern
nsnt 10 transact any Insurance business Ina ts state
unless III" company shall hrst obtain n license from
70. conrni-si0n"r authorizing the company to do
Before receiving such license the company shall fur
nish the couimi ssioner with true c.rthed copy of
Its charter and by-s~.; together with a statement
under oath signed by the president secretary OF
the company. showing it, financial condition in
iormiy with such form a. may d. supplied by the
commissioner Upon receiving such cope, aud state.
n,ent the commissioners shall grsDt license ~ in
his opinion the same ought To- be granted. which
shall authorize the company to do Insurance. bust
pe-s In this state subject to the laws the until
th" hrst day of July then next Aud annually there,
after such license may be renewed from 10 year
20 long n the commissioner sh ali regard COMPANY
responsible aud safe a. aforesaid, such Hcens. la al
cases u terminate on IN" rst day of July
ceeding. FOR such lcense and each renewal the
company shall pay the commissioner the sum of
skor. s. No person shall act n. agent Of anv IN.
suranee company until he ha, produc.d ID Tia. com
missioner aud died with hiIn !. duplicate p"w.r 81
authorizing bin Ia act "a such agent Upon ming
such power the Communist shall tn, r,.u f. ,s u
liceii-p 10 such agent, ID the cOng received
license to do an Insurance bn>insss ia thi. state which
License shall continue until te dsy If niy then
next. and the same may b. r.Dew.. from wear t.
year upon production OF Certificate from the com
pany that hi- agency IL eOntin urd. For zach such
license and renewal Thereof the shall
receive the sum 81 ON" dollar. And ~ any person
shall solicit, receive or forwA ard ANY ri,k or appca
tion for insurance any insurance company witb.u,
hr't nceiVing such license. Ii lac shall
b. an agent aud thu. Or c re rt.k- snd ~,
ceive money Tor premiums. he shall forfeit tt. lPnsty
of not mon. than hfy dollars Tor each ui,nc. but
ANY policy issued on an application Tins ur,,o.,si
shall bind tn company u otlier~i>e valid
ABCp. .. Any persOu may h. licensed by the com
missioner Insurance. br k-r IT, neg tat.
of insurance and Ia "-ci Insurance for Others than
himself for compensation. and by virtue thereut lac
may place r-k- or effect in-urancs with ANY Insurance.
company of this state With the a-ents Of any la.
surauc" company out OF the state wha hav. been
licensed IT, DIS ar Insurance business Ia mi. STATE bat
with No other For such Hc,n-e. such broker ,haiI
pay tn. OF ave dSliAr- which shA authorize him
thus to act until 10" hrsi day Of July then meat aud
his license may be renewed or tcndvd from Isar 10
year Afterwards. ending annually the nr>t day Of
July, he ying the same f,',- At each rru.NA as
above provided And any person u bu without such
license Assumes to act such broker shall forfeit the
sum uf not more than hftS ddiar-.
sEcr. 10 The commissioner shall have power at
any tim" who's In las opinion the conditiun Of any
insurance company existing under the laws Of any
other state or government IL such to give Tue,
10 believe that the company T. In falling cir
cumstances or unable IA do Insurance business
upon reasonable notice Il suspend the right Of such
company 10 do further business this state until tho
disability a. removed And II the company any Of
it, agent shall alter such injunction sUsIcn.on
under this or The previous section Xix undertake
d. any business by Issuing any new pollcl.., such
agent or company shall forfeit PENALTY ,.Nce-d-
Ing two hundred dollars. And IN order L. enable tho
commissioner - act Ina the prcinlses he shall nav.
power at any time 20 require Of any such company a
i1i siatemen of all IT, affair. bearing upon TIA. mat
ter oi Its responsibility La such lac may pr,
scribe.
sLCT. II. When any in.urance COMPANY lnonrnn.