Bismarck weekly tribune. [volume] (Bismarck, Dakota [N.D.]) 1884-1943, 1891-03-20

any other state in the United States or for.
eign government before he has received a
certificate Of authority to act as agent from
the Commissioner of Insurance Of this
State, stating that such company, corpora
ton or society has complied with this act
shall forfeit for each OtfenSe a sum not tC
exceed five hundred dollars (S500).
SEC. %. Every company, corporation OF
society, person or persons, or agents doing
business in this STATE, to whom this act
shall apply, shall be liza Die to the same fees
and obligations as other insurance compa-
MES doing business in this State.
SEC. "a. Every penalty provided for by
this act shall be sued for and recovered in
the name of the State by the states attor-
ney In whose jurisdiction the company
agent or agents SO violating shall be doing
business; and one-half of such penalties
shall be paid, when recovered, into the
treasury of said county, and the other half
payment Of such penalties, the party so Of
Tending shall be liable to Imprisonment for
period not exceeding six months, in the
discretion of any court having cognizance
thereof.
SEC. 25. All companies, corporations or
societies Incorporated under this act Shall
be for a period of not longer than ninety
nine (99) years.
SEC. 26. 1t shall be the duty of all re-
celverS of insurance companies, on or be-
fore the LIST day of March of each year, and
at any other tim when required by the
Commissioner of Insurance, to make and
file annually their statements of their as
sets and liabilities, and of their incomes
and expenditures, in the manner and form,
and unde the same penalties, as the Of
Ulcers OF such companies are now required
by law to make annual and other state
mentS.
SEC. u. The provisions of this act shall
onnlV tn EInlity o,I r,,yaf1 no ninS
doing business In this State, and to mutual
life insurance companies so far as the val
uatlon of its policies, the payment of fees
and the necessary investment OF one hun-
dred thousand dollars ($10O,OO0) of its as
sets for the protection of its policy holders
therein concerned.
SEC. %. Any person or firm in this
State who shall receive or receipt for any
money on account of or for any contract
of insurance made by him or them or for
any such insurance company or individual
aforesaid, who will receive or receipt for
any money from other persons to be trans
united to any such company or individual
aforesaid for a policy or policies of insur-
ance, OF whatsoever class or kind, or any
renewal thereof, although such policy or
policies OF insurance may not be signed by
him or them as agent or agents OF such
company or who shall in any way directly
or indirectly make or cause to be made m
contracts of insurance for or on account
of such company aforesaid shall be deemed
to all intents and purpose an agent or
agents of such company and shall be sub
ject and liable to all the provisions as set
forth by the insurance laws of this State.
SEC. 20. The Commissioner of Insur-
ance shall have the power to adopt for use
in the insurance department such forms of
annual statements as may TO him be con-
sldered the most practicable for the various
kinds OF insurance companies doing bust
ness in the State.
SEC. 30. The provisions of this act may
be altered, amended or repealed at any
time.
SEC. 81. Whereas, an emergency exists
in that there is no law providing for the
incorporation and regulation of life endow-
ment and casualty insurance companies,
therefore this act shall be in force from and
after its passage and approval. All acts
or parts of acts in conflict herewith are
hereby repealed.
Approved March &. 1891.