Ladysmith news-budget. [volume] (Ladysmith, Rusk County, Wis.) 1907-1927, 1911-08-04
No. 121, Al Published June s, 1911.
CHAPTER 270, LAWS OF 1911.
AN ACT to amend subSectionS 2, 3 ana

No dn Fl IT, sRsD nA%s 5dPi 4 1911
AN ACT to amend subsections 2, = ana
section 1943l of the statutes, rcelating
to discrimination and rebatlng oS
agents OF all insurance companies;
The people Of the state OF Wisco nnhIW
Section !: subsections 2 3 and 4, Of
section 1850. of The ne+,e etaf ldEEo are
g. No Insurance company or
any agent thereof shall make any con.
tract or agreement as to Such contIact
other than as plainly expressed IN the
b. No insurance company, or any OF
fcer, agent, director or employe ther911
of, doing business IN TINS STATE &C. S offer
10 nav. 4 allow or give. nor
shall any person receive, any rebate OF
premium payable on the polcy' OF an
Special favor or advantage whatever IN
the dividends or other Dement'S 10 &C
crue thereon, or any valuable conslder-
alton or inducement whatever not spec
flied III the policy. .o;,,o
any COMPENSATION for effecting insur-
ance upon his own properly, lie "
other risk, unless during the Twelve
months, preceding, as the agent Tor INC
company assuming such FISK, ne shal1
have effected other insurance therein,
the premium on which shall exceed the
premium on lHe INSURANCE ~
" Al. Any agent may pay the whole or
any part of his commissions to: we.
(1) An agent, other tns a ;, a q or LIE
under section 1875 for writing the Klno
of insurance for which sucn commls-
sionS are paid. 1900
C29 A nonresident insurance agent
or any Insurance company authorized
in this state, as to insurance upon
property owned by nonresidents or To-
Gated wholly outside of this STATE a.,
49, A nonresident agent of the hdel-
ity or surety company paying such
commissions. Except as aforesaid, no
agent shall pay the whole or any part
OF the commissions upon any po4lcy TO
any other person. -
+. Provided, that any company may
make distribution Of savings, earnings
or surplus to any class OF pollGyha03l lli
bends or distribution In the pollGy,
where a schedule is first filed with the
commissioner of insurance.
h. Provided that the furnishing OF
inflammation. advice or service by any
company, officer, agent, director or en-
ploye thereof, with regard to any TlS Ia
or for the purpose Of reducing the loss
or liability to loss, snail not De d VAoAa-
tion Of this section ao,,ro,,oa oor,nanv
or any agent thereof shall at the time OF
Or at any time in consideration OF or
in connection with a policy issued or
proposed to be issued, make or offer to
make any contract or agreement what
aver for any deduction from any pre-
Enium or any addition to any d1VldenQ
or other benefit whatever, on account
Af services rendered or to be rendered
nv the applicant for the policy or any
person Interested therein, either as an
advisor Of the company or as a MEMBER
of an advisory or similar poard OF pouy
or in any other capacity or manner
Whatever; nor contract for, sell or offer
for sale any stock of such IN
surance company or any stocks, ponds
or other certificates representing any
company or corporation which shall at
the time be under any contract OF
agreement whatever with such
Insurance company, or own or cohtrol
any of the stock thereof, or in any case
where any part or the stocks, bonds or
certificates of Indebtedness of such
company or corporation shall be owned
c co nonJ No person shall SO contract
with any such company or agent tnefe-
Of, or receive any such favor privilege
or advantage whatever, WITHIN the
meaning of this act.
4. O. Notwithstanding any violation
of this section the policy shall be VALID
but the insured, having knowingly ana
wfuly Violated any RfoGyis 10 9I Jn1g
from tho company only such proportion
Of the amount otherwise payable under
tho policy or contract Of insurance as
LQ6 AIlOuuL VI llAS " SiAAANAAA ~
ums which have become payable. &C
cording to the terms Of the policy, de-
Quoting any rebate and the value OF
any special favor or advantage or con
sideration or Involvement in violation
OF this section, bears to the amount OF
such premium or premiums.
agent or employee thereof violating this
section and any other person knowing
" and wil1ul1y violating this
Section shall be. punished by a fine Of
than three hundred dollars, or by i'm
prisonment in the county jail for term
hot exceeding six months, or by oOth
such fine and imprisonment.
Section 2. Section 1043l of the stat
utcs Is repealed.
Section g This act shall take effect
and be in force from and after its pas
sage and publication.
Approved June Z, 1911. Copy Law
No. 1873. Al Published June s, 1911.
CITA OTTER OH IA (NS OF 1911,