The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1895-01-16
INSURANCE CCM?i:.:z5 i. Z. -:
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Since t:::o l.,~ sr;.psr ;;.t:ti2a On tie |
cuesI;o.. q. IT, l:,>,.....i;H o. tie LEoIs
to pay the regular i..s;lra:ice iicers"
of the State, Comptroller General |
Norton has been doing meinvestigat-
i9~ and has found th": a nunbcr OF
fire insurance companies are doing
business without having paid the re
ouired license. \ good deal OF the III
formation has been secured through
letters received from persons holding
policies in these companies. These
policv-holders, since the talk about M
surance matters, are anxious to know
whether they have policies in compa-
nies which have complied with the
law and which are responsible
Mr.. Norton states that he proposes
to take steps toprosecute every COM
pany or individual doing business
who has not fully complied with the
provisions of the law. The majority
of the violators do a small business
and that is the reason why they have
not been detected before this. The
laws on the subject are plain, and the
Comptroller Genral says he proposes
to follow them.
The consolation policy-nolders in
companies now violating the law have
is that while the companies and their
agents or adjusters are liable to punish,
ment the companies are not released
from their policies. The following
are portions of the insuran ce laws OF
the State, complied by the Comptroli-
cd General, which may be Of interest
at this time:
Every foreign insurance company
of any class-tire. life, marine, surety,
security ritvy-zg:ss g0aant < RI antee, hail-storm,
live stock, accident. Plate l:sss
and other like insurance COM
panies- foreign land associations,
foreign building and loan associations
foreign banking associations.
and all other like classes Of
like business. notincorporated under
the laws of South Carolina, except
national banks and except benevolent
institutions organized under the grand
lodge system, shall each, before tram
sacting any business in this State,
payan annuaIicensef fee Of 800 to the
Comptroller General. on or before the
S1st day of Marchofeach year.
to be deposited by him in the Treasury
Of the State.
1T shall be unlawful for any such
foreign companies as arc requi red to
paw license fees, to transact any bUsl-
ness in this State until they shall have
and keepsome duly appointed resident
agent in this State on whom legal
process may be served, so as to bind
the company he represents, and ser
vice CT process upon his agent at his
main office shall be sufficient to give
jurisdiction to the court issuing same
in any county in this State and ev-
cry resident agent shall return to the
County Auditorsrof each county his
gross receipts from said counties for
taxation as other property is returned
for taxation.
Amy person who solicits Insurance
in behalf of any insurance company
not organized or incorporated by the
! laws Of this State, or who t. kes or trans
mits other than for himself any appll-
cation for insurance or any policy OF
insurance to or from such company, or
who advertises or otherwise gives no.
tice that he will receive or transmit
the same, or who shall receive or de-
liver a policy ofinsurance ofany such
company, or who shall examine and
inspect any risk, or receive. collect. or
transmit any premium of insurance.
or make or forward any diagram of
any building or buildings, or do or
perform any other act or thing in the
making or the consummating of any
contract of insurance for or with any
such company, other than himself, or
who shall examine into and adjust, or
aid in adjusting, any loss for or in be-
| half of any such insurance company,
whether any such acts shall be done at
the instance or request Or by the en-
ployment of such insurance company,
shall be held to be acting asthe agent
of the company for which this act IS
done or the risk is taken.
Amy person who shall transact any
business of insurance in this State for
any company of the United States or
foreign State not incorporated by the
laws of this State, without first having
obtained license by law required, or
after his license has been withdrawn,
or shall in any way violate the fore
going provisions in relation to license
of Insurance companies or agents
thereof, shall, upon conviction in any
court of competent jurisdiction. be
fined for'every such otfense not more
than 500: Provided That nothing
contained in this section shall release
any such company accompanies upon
any policy issued or delivered by it. :
| Under Negro Rule Again.