Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1907-05-07
ACT 1874.
AN ACT
TO AMEND CHAPTER 159 REVISED LAWS OF HAWAII
RELATING TO INSURANCE CORPORATIONS AND COMPANIES.

10 AMEND CHAPTER l59 OF THE REVISED LAWS HAWAII
RELATING TO INSURANCE CORPORATIONS COMPANIES.
Be 1t Enacted By the Legislature of the Territory of Huca:
SECTION t. That Chapter 159 of the Revised Laws of
Hawaii relating insurance corporations and companies is
hereby amended by adding thereto secon be known
as Section 26O9A," which shall read as follows
Section 26O9A Every person. firm corporation who in
Territory poce agrees to assist in procuring
insurance for person, firm corporation of this Territory,
or for foreign corporation doing business in this Territory
from any insurance company corporation association
licensed to do business within this Territory shall be guilty of
msdemeanor and, upon conviction, be punished by fine
exceed five hundred dollars for each oense provided
however, that the Insurance Commissioner may issue license
to any person residing in this Territory, subject revocation
at time permitting the person named therein procure
policies of insurance risks located in this Territory in insr
companies not authorized transact business in this
Territory and for such license the Insurance Commissioner
shall collect for the Territory annual fee of twenty-five dol
lars. Said license shall be valid until the fifteenth day of
April of each year.
Before the person named in such license shall procure any
insurance in such such property. he shall
in every and file with the Insurance Commissioner
affidavit that he is unable to procure for specified person.
firm corporation in majority of the companies authorized
do business the Territory the of insurance
sary to protect said property.
Every person licensed shall keep separate of
the business done under said license at all times to the
inspection of the Insurance Commissioner and shall file
titled copy thereof forthwith with the Insurance Commission
showing the and character of such insurance
placed for person. firm corporation the gross premiums
charged thereon the companies in which the is placed,
the dates of the policies and the terms thereof the location
of the insured property and also report the detail of
all such policies cancelled and the gross thereon
Before receiving such license the person licensed shall
cute and deliver to the Insurance Commissioner bond in the
penal of Two Thousand Dollars with such surees the
Commissioner shall approve conditioned that the lcenee will
faithfully comply with all the requirements of this section and
will file with the Insurance Commissioner before June
first of each year, statement of the gross premiums
charged for insurance procured placed and the gross
premiums such insurance cancelled under such license
during the year ending the tryr day of December last
preceding and will pay the Insurance Commissioner of the
Territory Hawaii for the and benefit of said Territory
equal four per of such gross premiums less
such premiums reported and in default of the pay
Commissioner may for any Of record in this
Territory
Any person. firm company corporation for whom such
insurance herein specified shall have been effected when
required by the Insurance Commissioner do shall
produce for examination by him the policy policies issued
for such Insurance. and disclose him the the
agreed be paid therefor and upon refusal
50 do shall forfeit the Territory of Hawaii for each such
refusal the of Two Hundred Dollars be recovered in
civil action All policies and insurance contracts issued
without full compliance by all parties concerned with the
requirements of this Act and of the general insurance laws
the Territory, null and void"
SECTION This Act shall take effect from the date of its
approval
Approved this LIST day of May A. d. 1907.