Weekly Phoenix herald., 1883-06-07

An Act <'Gnc rninG EnTurance
O:sip niCN Srg2nizc-i with
OaT the Territory

SECTION l. Il shall not I've Ia ful
for any agent of any irsurauo com
y ny not incorporated under the
laws If ,hiS Territory to tran act the
buoine of in-uranc withia thi- Ter
rio y.Unless The insurance c@mplny
shall have ms, ttailed IL ccrtlficate
Of auth iily from the TER ior'al
tse4>nrcr,. which ctltiticatc shall be
i->ucIto such agent upon lis fl ine
with sad iic-sur.r Il statemcni
showing:
Ftr$.. The name and locality o:
he company.
Second Tnt amount g., f capital
st G;
71'4d The ,li1al stock paid up
EourA The amount of iis accu-
mutation, and assets a,d linhil;t:cs.
rim Surplus as to rcli,y hold
crs.
Together W.th Il written agreement
under seal Of Il I comp ny, sigae
by the president and ecrelary tncrc
of, and agreeing on the pau OF the
company, ihat service or prorc 5 in
any CIVIL action :. ainst su-h ON
pany may he mTde upon any agent
of The company ia tie Terrific y,tnd
authorizing s@ch agent. and Ill
behalf Of ; ch company, to admit
such service o. p o ess on linn,
AMI ag eeing that III. serv. ce Of pro
c $ upon Il Y such agent shall be
valid and bin ling upon thee 'moany
Is if made upon the prlsidel, CT
seer, tary thereof.
SEC ,. The tat meat refer cd to
in section ore >htH be renewed an
nually in the mon-6 of Mar Ii of
each year Tie firs; statement may
tic ma lc am tims.
SEC. Upon Cling said renewed
statement the a-cnt shall also there's
with a statement urdcr cath of the
sum TO al OF the premium receipts |
collected within TIE Terri o Y for /
the period ellpsing since The fling (
OF the previous sat, mcnt, AID shall /
cause such sta'emt n to b .p"biishcd /
in nj least one newspaper puAlis he'd |
within he Territ,ry, aud lhcrcupon
the treasurer shall levy tax Of c
ana Onc-ha1f per cent. upon said
premium reccip's, which shall be
paid by sid agent 10 sail ire tsurcr
bcf,re said certificate Of authority
can issue; The sIid tax 10 90 Into the
general funI Of the Territory, and
which sail tax shall be paym mt in
full of al DIM lnds for any tax on
said premium receipts, or license
for conduc lag such lusiness or in
surance.
SEC. 4 Any r rerSon,0r firm in this
Te.ii'ory, wilu> receives, = reee;,,sss-
for any money on account of, or FOR
any such insurance company, or ID
dividual aforesaid, or who receives
Or receipts for money from other
persons, to be transmitted to any
such co nrany or Individual, afore-
said, for II policy of Insurance or any
thereof, although such
policy Of insurance is not signed hy
him, OF them, as agent or agents Of
such comp my, or who in any wise
lirectly or Indirec.ly makes, or
causes 10 he made, any contract or
contract, of insuranc. for, 0 on ac-
eounnt of such insurance company
aforesaid. shall be deemed to all IN
-enls and purposes al agent, or
igcn's of such company, and shall
be subjcct, and liable 10 all Tie pr,
visions, rcgu'alicis an penalties Of
this act
SEC. ,. The Ttrrl'o I'll Treasure
shall he entitled to the following
ices herein: For ding sta'emeHts
in section one. five dol
ars; for Issuing certificates of au~
hority, five dollars; for issuing
Zach subsequent certificate of auiho-
ity t. other agents of the same
,omplny, two dollars
SEC. 6. Any person violating the
of this act within this
rerritory shall, upon conviction in
my court of ompete mt jur' sdiction,
le fined in any sum not exceed .ng
,ne thousand dollars or impiison-
ncnt III the county j ii not more
han six months. or bo,h, in the dis
'retiOa Of the court
SEC. :. All as ard puts of acts
n conflict with any of the provisions
If this act are hereby repealed.
StC. s. Ills act shall take effect
md be in force from and after its
passage.
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