The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1903-05-06
ACT 50.
AN Act REGULATE INSURANCE BUSINESS IN TENS



Be Enacted Legislature of Territory of Haaoais:
SECTION There shall be department charged with the
execution of the laws relating insurance known
the Insurance Department. the
the Territorial Treasurer who shall be ercio
Commissioner Neither the any
of his deputies clerks shall be directly indirectly inter
any corporation insurance business ex
cept policy holder All necessary FORMS
blanks together with such pamphlet copies of the
laws be required for distribution person
time by the provisions this Chapter shall furnished
the expense of the Territory.
The Commissioner that laws Of
this Territory respecting companies corpora
tons faithfully executed He shall have power
all books any companies corpora
tons doing business this Territory organized
der the of this Territory examine their
employees under OATH subpoenas for witnesses at
tend and testify before him business of said
companies corporations produce examination
Investigation books papers and documents in relation thereto
Said subpoenas be served in the is
sued from Court person who shall fall neglect
obey any subpoena shall guilty of
upon conviction thereof shall be punished
by a fine of not than One Hundred Dollars
SECTION g. The Commissioner must every company
corporation before engaging the business of insurance
IN this Territory file in his Office follows
Firstf Incorporated under the laws of this Territory,
a copy it's articles of incorporation with any amendments
made thereto;
incorporated under the laws any other State
country copy it's articles incorporation charter
having the custody of articles that
organized under the laws of country that it
is authorized to do business therein stating
of the capital stock, surplus
SECTION A. Commissioner shall any insurance
company corporation certificate of authority to transact
business Territory the following conditions
Frst-If a company corporation organized under the
Territory satisfied that the provisions
relation such company corporation have
been complied with;
company corporation organized outside of
Territory Hawaii when he satisfied that the company
corporation has paid and unimpaired capital
surplus of not less Hundred Thousand Dollars
SECTION s. shall unlawful for any company
poraon business of
tory shall complied with all of the provisions
of obtained the certificate of authority from the
Commissioners herein provided
SECTION any insurance company corporation its
agents attorneys shall solicit insurance shall issue
policy without having complied with the provisions of this
Act the company corporation agents attorney
issuing policy accepting the application for the
shall be guilty of misdenleanor subject
less than One Dollars Five
Dollars. any company corporation licensed
to do this Territory shall violate any of the pro-
visions of Commissioner shall power upon
satisfactory proof thereof revoke the license of
such company corporation do business in this Territory
and company corporation shall again
be readmitted business this Territory
have paid the Treasury the Territory
Hundred Dollars a penalty for such violation.
T. Any company corporation organized under
this Territory prior the taking this
provision for the purpose engaging in
surance subscribed capital than
Thousand Dollars which Fifty Thousand Dollars
paid before by such Organiza
any policy under the provisions of this
SECTION 1t the directors, trustees