The Somerset reporter. [volume] (Skowhegan, Me.) 1868-1909, 1891-04-30

T 10 amend chapter fortv-ninc Of the Revised
H.. relating 10 Insurance
section seventy two Of chapter forty nine
f,.ls,j statutes, Is hrteby amended by Insert
r., tbr 0ur,i STATE" IN the eighth line thereof
XII ,, constituted agents resident therein, So
4 81, iiun ~ amended, shall read ms follows
A So foreign insurance company shall
NM, Insurance business In this etatc, unless II
Lfaiu- "A license frnm the commissioner. Before
~ such license, 1t shall furnish the commits
~ l,b A certified copy OF Its charter aud by Law
.t,fetr,ni under oath, signed 10y Its president
,,ats show iug It's financial condition according
IN, .tppllel by the commissioner Upon re.
suf ID rupics aud statement. the commissioner
ant A lld,nsc authorizing the company 10 do
Rae business IN this state by constituted agents
IA therein, subject to Its laws. until the nrst
\ tNe ueNt July and annually thereafter, such
MI, he renewed. long as he regards the
~ Responsible and SAFE, bGt In all cases to ter.
on the hist day OF the succeeding july. For
rfn.t nj each ienrw al. the company shall pay
Irml..lnnti twenty doluis4'
=, SECTION seventy three OF said chapter Ia
Am.uitd So that said section AS amended, shall
! follows
4 * The commissioner may issue n license to
krs,n IN ati re HI agent of n domestic insurance
h, upon hin hiing with the commits Toner a du
i-iwti Of attorney from the company OF Its au
ias,fu empowering him 30 TO act; or II certif
mn tn company setting forth that such person
.n duly appointed and authorized MS agent
"a AND 10 any resident OF the stnte to act as an
Ia 40, iefeign Insurance company which has re.
A,Ittf-t to do business la this state rs provided
t,n se,edty.two upon his iling such power Of
or certificate, aud such license shall continue
H. INST day oi the next July. aud may be rc.
tfpa Nenr to year Oh producing n certificate
company thai his ngcney Is continued. For
ieh Ucpnss ct renewal the commissioner shall
! fvu duar1. And II my person sOncite, re-
OF forwards any RISK OF application for insur
! M, company, without brsi receiving such II
|pf tra,itiuicuiy resumes TO be an agent, and
l,rulrs risks and receives money Tor premiums,
nj. not more than h'ty doliGrs for each ofiense I,
pulley issued on such application binds the
y, II otherwise valid. Agents OF duly author
uranee companies may place risks with agents
hlly authorized companies when necessary
k,lrquatt Insurance oi property
Section aevcnty -FOUR OF said chapter Il
mpnied 20 that aaid SECTION as amended, shall
follows
ii. The commissioner may license any per.
Nkti to negotiate contfhcts OF insurance for
inn himself foi II compensation. by virtue Of
istuse he uny effect insurance with any do.
pinuAny OF any resident of the state to negO-
h tnnltactsnid eject insurance with the agents
orrigu company who have been licensed To
rs- ~ iii siiiir. as provided In sections sew
aud saNrhis three bat with no others For
use lr -anll IAy I'VE dollars. authorizing him
yet uniil the tirsi day Of the next July and on
Int al u -ImilHr fec his license may be renewed
lu var, ending nu the inst day Of each July.
without such license, assumes 10 act as such
|fotfpits not more than MY dollars, or by i'm
rni nrt Wrrc than HiNty days TOT each offence.
,st- II insurance agents and brokers mny be
hv the commissioner. upnn conviction for the
ui any nf the provisions oi this AMI the pre-
ttun.
The commissioner shal have power TO re
lctnsr OF any foreign insurance company
{! to do business In this state. ihat shall s,o
,f the provisions VI sections seventy two aud
hiec of chapter ioIty.nine Of the revised
A- hereby amended.
The commissioner shall issue a license to
pn To act as an agent oil any assessment life or
insurance company ur association, or steam
urance company. authorized to do bueiness
|tp, upon his fling with the commissioner
OF hts appointment MS such agent, md upon
of the fee provided IN section two OF this act.
Approved March IS