The Birmingham age-herald., 1909-09-16
Frank N. Julian.
 Secretary of State.

No. S9.) AN ACT H R. s2 To prohibit misrepresentation, rebating and discriminations by life insurance
 companies, and prohibiting the insur- ance of certain special contracts and
 the sale and Issuance of stocks, bonds
 or other securities in connection with
 the sale of life insurance.
 Section 1. Be 1t enacted by the Lesis- lature of Alabama, That no life insurance company doing business in this State. and no officer, director or agent thereof, shall issue or circulate, or cause or permit to be issued or circulated, any estimate, H. lustration, circular or statement of any sort misrepresenting the terms of any policy issued by 1t or the benefits or ad- vantages promised thereby, or tho divi- dends or shares of surplus to be received thereon or shall use any name or title of any policy or class of policies misrep- resenting the true nature thereof Nor shall any such company, agent or broker make any misrepresentation to any per- son insured in such company or in any other company for the purpose of induc- ing or tending to induce any person to lapse, forfeit or surrender his insurance. No life insurance company transacting business under the provisions of this act shall issue a policy to resident of this state which does not bear in bold letters on its face a plain description of the policy. so fully defining it's character, in- cuding dividends and other peculiarities, that the holder thereof shall not be lia- ble to mistake the nature or scope of the contract Violation of this section by an agent or officer of any insurance com pany, shall be a misdemeanor and pun ished by a fine not less than one hun dred dollars nor more than five hun dred dollars or imprisonment in the coun- ty jail for thirty (30) days or by both lv,opr ria nopk nH o company violates or participates in the violation of this section such company shall have it's certificate of authority to do business in this state suspended for a period not exceeding ono year.
 Sec g. No life insurance company doing business in this state shall make or permit any distinction or discrimina- ton in favor of individuals between in surants (the insured) of the same class and equal expectation of life In the amount of premiums or rates charged for policies of life or endowment insurance, or in the dividends or other beneits pay able thereon, or in any other or the terms and conditions of the contracts 1t makes Nor shall any such company or agent thereof make any contract Of in- surance or agreement as to such con- tract other than is plainly expressed in the policy issued thereon; nor shall any such company or any officer, agent. solic- itor or representative thereof pay. allow or give or offer to pay, allow or give indirectly, as inducement to insurance any rebate of premium payable on the policy, or any special favor or ad- vantage in the dividends or other bene- fits to accrue thereon, or any paid em- ployment or contract for services of any kind or any valuable consideration or inducement whatever not specified In the policy contract of insurance; nor give, sell or purchase or offer to give, sell or purchase, as inducement to insurance or in connection herewith. any stocks, bonds or other securities of any insurance com pany or other corporation, association or partnership, or any dividends or profits to accrue thereon, or anything of value whatever not specified in the policy.
 Every officer or. agent of any insur- ance company doing business in this State, who shall violate any of the pro- visions of this section. shall be deemed guilty of a misdemeanor. and, upon con- viction thereof, shall be fined 8 sum of not less than one hundred dol- lars ($10o.00). nor exceeding five hum dred dollars (;50o.0O), or imprison-