Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1907-05-07
ACT 1874.
AN ACT
10 AMEND CHAPTER l59 THE REVISED LAWS Hawaii
RELATING TO INSURANCE CORPORATIONS AND COMPANIES


Be Enacted by the Legislature Of the Territory Of Hauaii
SECTION I. That Chapter 159 of the Revised Laws of
Hawaii relating to insurance corporations and companies, is
hereby amended by adding thereto section be known
Section 2609A' which shall read follows:
Section 26OoA Every person, firm corporation who in
Territory procures agrees procure assist procuring
insurance for person. firm corporation of this Territory
for corporation doing business in this Territory
from any insurance company corporation association
licensed to do business within this Territory shall be guilty of
mdemeanor, and, upon conviction be punished by fine
exceed five hundred dollars for each oene provided
however, that the Insurance Commissioner may issue license
to any person residing in this Territory subject revocation
time permitting the person named therein procure
policies of insurance risks located in this Territory in
companies not authorized 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 he valid until the fifteenth day of
April of each year.
Before the person named in such license shall procure any
insurance in such companies any such property he shall
in every and file with the Commissioner
affidavit that he is unable procure for specified person.
firm corporation in majority of the companies authorized
to 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 amount and character of such insurance
placed for person. firm corporation, the premiums
charged thereon the companies in which the placed
the dates of the policies and the thereof the location
of the insured property and also report in 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 sureties
Commissioner shall approve, conditioned that the censee will
faithfully comply with all the requirements of this section, and
will file with the Insurance Commissioner before June
first of each of the gross premiums
charged for insurance procured placed and the gross
premiums such insurance cancelled under such license
during the year ending the hrtyfrst day Of December last
preceding and will pay the Insurance Commissioner Of the
Territory of Hawaii for the and benefit of said Territory
equal to four per of such gross premiums less
such return premiums reported, and in default of the pay
of any imposed by this section the said Insurance
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 to him the Of the
gross premiums agreed be paid therefor, and upon refusal
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 issued
without full compliance, by all parties concerned, with the
requirements Of this Act and Of the general insurance laws of
the Territory, null and void"
approval
Approved this LIST day of May, A. d. 1907