Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1907-05-20
List Of AgricuI 'uraI Fairs to Be
Held in Maine Next Fall.
Number Of Smaller Corporations for
- May About the Average.
STATE HOUSE CALENDAR.
Next Meeting of Governor and Council,
Wednesday, June II.


pamphlet form and contains 10 pages
There are several changes in the law,
some Of the more important ones be-
ing as follows:
II Chapter >, which is entitled IAN Act
TO amend Section SO Of Chapter 49 Of
the Revised Statutes, relating to in
Surance agents AMI brokers'" provides
That steam boiler insurance companies
must be residents of the State, the
amended section reading as follows:
Section SO. The insurance commits
Sloner may issue IL license to any per-
son TO act as an agent of a domestic
insurance company, upon his filing with
II the commissioner certificate from
II the company or association, or its au-
II thorized agent, empowering his to 50
act; and to any resident Of the State to
act as agent of any foreign insurance
company, which has received Il license
to do business i'll the State as provided
IN section Scventy-nine upon his filing
II such certificate. Such license Shall
continue until the first day of the next
july. If any person sOlicits, receives
/ or forwards any risk or application for
| insurance to any company, without
! first receiving such license, or fraudu-
\ lently assumes to be an agent and
for premiums, he forfeits not more than
| fifty dollars for each offense; but any
| policy issued on such application binds
the company if otherwise valid. Agents
! Of duly authorized insurance companies
may place risks with agents Of other
| duly authorized companies when nee
| eSSary for the adequate insurance of
! property, persons or interests. An in
| surance agent shall be personally liable
| on all contracts Of insurance unlaw-
| fully mad" by or through him, directly
or Indirectly, for or in behalf Of any
company not authorized to do business
in the state. Nothing herein contained
snail require a duly licensed Insurance
| agent Of broker to obtain any license
| for nj. employee doing only clerical
| Office work in the office of said agent
| or broker
Chapter 11G, entitled AN Act to
| amend Section "a of Chapter 40 of the
| Revised Statutes, providing a lien for
| q murtgagee Of any mort gage on per-
Sonal property upon any policy Of in
suranc" on such property gives the
mortgage" a lien "n any policy of in
| suran'r ON personal property whereas
| under th,. Ola Law only real estate was
| covered. Tie section as amended
reads us follows:
Section "a. The mortgage of any
real estate and the mortgage of any
personal property shall have a lien |
upon any policy of insurance against |
loss by fire procured thereon by the |
mort Sagur, to take effect from the |
time he files with the secretary of the |
company Il written notice, briefly |
d. scrihing his mortgage, the estate |
conveyed thereby, ana the sum remain |
ing unpaid thereon. If the mortgagOr |
by a writing by him signed. and filed |
with the secretary, consents that the |
whole of the sum secured by the policy, |
or SO much as is required to discharge |
the amount due on the mortgage at the |
time when loss occurs, shall be ap-
pplied to me payment Of the mortgage,
it shall be so laid by the company and |
the mortgages receipt therefor shall |
be q sufficient discharge of the COM |
pany.'
Chapter 121. entitled IAN Act to /
amend Chapter 40 Of the Revised Stat |
utes Of Maine relating to Life Insur- |
ance," prohibits the sale of stock in |
connection with life insurance policies. |
the amended section reading in part as |
follows: Nor shall any company, or |
any officer, agent, solicitor or repre- |
sentative thereof give sell or |
purchase, or offer to give, sell of pur- |
chase as an induccment to insurance
or in connection Herewith any stocks |
bonds or other securities Of any inSur- |
ance company or other corporation, as
ISOLATION or partnership, or any diVi- |
dends or profits which accrue thereon
or anything of value whatever not
specified in the policy"
Chapter 1877, An Act to amend an act
entitled IAN Act additional to Chap
ter 40 of the Revised Statutes, relating |
to Insurance and Insurance Com |
panes." approved March 6, 1907. as
amended requires that the application |
be made a part of the policy in the |
case of every accident, health or cas-
ualty policy issued to any resident of
Maine in which there is reference to |
the application. 1t also provides for
punishment for fraudulent statements |
or misrepresentation in applications |
for casualty, health or accident insur- |
ance for the purpose of obtaining |
fee or benefit for either party. The |
chapter as amended reads as follows:
Section J. Amend section one by |
striking out the words. Every policy |
Of insurance issued to a resident of |
Maine by any insurance company, eX-
cept 4 domestic life or stock insurance
company" and inserting in place there |
of the following words: Every acct |
| dent health or casualty policy of in
surance issued to a resident of Maine |
| by any insurance company. assess |
mcnt association or fraternal order. |
and by striking out the words each |
| application for such policy shall have |
printed upon it or upon slip attached |
| thereto in large bold-faced type the |
| following words: under the laws of |
| Maine. each applicant for policy of
| insurance to be issued hereunder is en- |
titled to be furnished with copy of
this application attached to any policy |
| iSS,1nl thcrnnn = cn thnt cnil sect ion |