The Worthington advance. [volume] (Worthington, Minn.) 1874-1908, 1889-05-09

ID. +. No. SS2-AN ACT to amend sections
275, 276, and PIT of chapter "a Of the Gen.
and seventy eight, relating to the appoint
ment, salary and duties of INSURANCE CO nmis-
sioners and the appointment OF deputy In
surance commissioner and his duties and
salary.
Be it enacted by the Legislature Of the stats
of Minnesota:
SECTION lit shall be the duty of the gov.
ernor, by and with tho advice and consent OF
resident and citizen of this state, and one
who is possessed with the qualifications
hereinafter provided, who shall be styled the
insurance commissioner. who shall be sworn
in the manner az provided by law for other
state officers. He shall holdh his Office for two
years, and execute the duties thereof, a.
appointed and qualified; and in case Of a va
cancy by death, removal, resignation or other
wise, the governor shall fill the same by ap-
polntment. No person who is director, Of
ticer, agent attorney, OK stockhoider Of or
directly or indirectly interested in any insur-
ance company, except as insured, shall be in
sIrance commissioner or deputy commls-
sioner; and no officer or agent Of any insur-
shall be depu,ed to examine the affairs of
company under this act.~ The said commits.
sloner shall keep his Office at the capitol Of
the state and shall give bonds in the sum OF
twenty five Thousand dollars (S23. OOO), with
at least two sureties to be approved by the
duties.
SEQ. q Said commissioner shall be paid .
(S2,50V per annum; provided that said sal
AIRY or expense shall In no way be . charge
upon the state treasury. over and above the
fees and license receipts paid into the same
by said commissioner.
All necessary blanks, forms, and circulars,
together with such pamphlet copies OF the
insurance law as may be required for dfstri-
button among persons affected Dy the provis-
ions of this act shall be furnished at the ex-
pense Of the state; and if the said commits
sioner shall directly or indirectly receive any
compensation or pay for any service or extra
service, other than as provided in this act, no
shall be deemed guilty of felony, and on
conviction thereof, shall be subject to q fine
not exceeding i've thousand dollars IS. 0OO)
or imprisonment in the state prison for .
term not exceeding five ~ years, or both. in
the discretion of the court.
SEC. 3. The insurance commissioner shall
appoint deputy commissioner by and With
the apPr9Mysl OF ne governor whose appoint.
kept on file and Of record In the Office OF the
secretary Of state. Said deputy commissioner
shall have power under the direction OF the
insurance commissioner. to issue licenses to
agents. renewal licenses to companies having
been previously admitted to do business In
the state, receive and receipt for all moneys
paid by insurance companies to the state;
he shall hsve power to accept service OF pro-
cess in all actions against insurance compa-
nies when such service is made upon the In
surance commissioner, and to act for and in
the name Of the insurance commissioner ana
do and perform such other and further du-
ties pertaining to said office as said insurance
commissioner; before entering upon hts du-
ties shall give bonds with two or more sure.
ties in the penal sum of fifteen thousand dol
lars (Sl5, OOO) to be approved by the gov
ernor, for the faithful discharge Of his duties
as such deputy. And if the said deputy shall
directly or indirectly receive any compensa-
ton or pay for any services or extra service
or for neglect or omission Of service other
than provided in this act, he shall be deemed
guilty Of felony and on conviction thereof
Shall be subject to "A fine not exceeding five
thousand dollars $4,000 or imprisonment
in the state prison for term not exceeding
five (5) years or both, IN the discretion Of the
court.
SEC f. The salary OF the deputy insurance
commissioner shall be fifteen hundred dol
lars Isl ,5OO) a year, which said sum is
hereby appropriated out OF any moneys in
the state treasury not otherwise appropriated.
SEC 5. Sections two hundred and seven
ty-fiye (275), two hundred and seventysi1
(276), and two hundred and seventy-seven
(277), of chapter thirty four (34) Of the Gen
eral Statutes of one thousand eight hundred
and seventy-eight QS7S) are hereby repealed
SEC. 6. This act shall take effect and be in
force from and after its passage.
Approved April 81, 1889.