The Mount Holly news. [volume] (Mount Holly, Burlington Co., N.J.) 1891-1942, 1895-06-04
CHAPTER CLxvIII.

An Act relating to life insurance companies doing
business in the state of New Jersey, and to the
represenf atives of such companies
l. Be 1t enacted by the Senate and General As
sembly of the State of New Jersey, That no
life insurance company doing business in the state
of New Jersey shall make or permit any distnc-
tween insurants of the same class and equal ex-
pectation Of life in the amount payment of
premiums or rates charged for policies of life or
endowment insurance, or in the dividends or other
benefits payable thereon, or in any other Of the
terms and conditions Of the contracts il makes (;
nor shall any such company or any agent, or sub
agent thereof. or any other person make any con-
tract of insurance OF agreement as to such con-
tract, other than is plainly expressed In the policy
issued thereon; nor shall any such company or
any agent or sub agent thereof or any other per-
son. directly or indirectly pay allow, offer to
pay or allow as inducement to insurance, OF after
the Insurance shall have been effected, any rebate
or premium payable on the policy, or any special
favor or advantage in the dividends other bene-
ht to accrue thereon, or any valuable c0nsdera-
ton OF inducement whatever not specified in the
policy contract of insurance.
2. And be it enacted, That any person or cor
p0ration violating any of the provisions Of the pre-
ceding section Of this act shall for each and every
off9nse, forfeit and pay the of one hundred
dollars for every twenty-five hundred dollars OF
insurance or fraction thereof effected by the said
policy contract of Insurance such penalty to be
sued for and recovered with costs in an action of
debt in any court of competent Jurisdiction in the
county where the offense shall have been commit
ted, or in any county wherein such offender may
reside or be served with process, by any person
penalty shall be for the benefit of the person
prosecuting the suit and the other half shall be
paid to the state treasurer for the benefit of the
school fund of the state and in case the defend
ant in any suit shall neglect refuse to pay the
amount recovered against him, it shall be lawful
for such court In which such judgment has been
obtained to issue its process against the body Of the
defendant and to cause him to be committed to
the jail of the county until the judgment and
costs are paid the imprisonment, however, mot to
exceed sixty days from the date Of such commit
ment.
g. And be it enacted That no agent, sub-agent
or other person against whom final Judgment may
have been recovered under the second section Of
this act shall solicit applications for life Insurance
in this state in any way, directly indirectly
act the agent of any life insurance company do
ing business in this state within two years after
the recovery Of such final judgment; and any per-
offending against the provisions Of this
section Of this act shall be adjudged guilty of
misdemeanor, and on being thereof convicted
shall be punished by fine not less than five hun
dred dollars nor exceeding one thousand dollars
or by Imprisonment for any term not less than
thirty days more than ninety days, or both, at
the discretion of the court.
L. And be it enacted, That all acts parts of
acts inconsistent herewith are hereby repealed.
s. And be it enacted, That this act shall take eff
feet Immediately.
Approved March 10, 1895.