Ladysmith news-budget. [volume] (Ladysmith, Rusk County, Wis.) 1907-1927, 1911-08-04

the frontage of any and all buildings to
be located on the land fronting on such
way so established.
Section 5. This act shall take effect
and be in force from and after it's pas
sage and publication.
Approved May 5, 1911. Copy Law.
No ss7 At 81 EPqbHSRsd N May yot s 1911
statutes, providing for licenses to
agents to procure fire policies in cor
porations not authorized to do bust
ness In this state, providing for a bond
to be given by such agents, and for a
tax upon the receipts. of premiums re-
ceiVed for policies so issued within the
The people of the state of Wisconsin,
represented in Senate and Assembly,
do enact as follows:
Section /. There is added to the stat
utes new section to read: Section
ance, in consideration of the yearly pay
ment of fifteen dollars, and in cities hav-
ing more than one hundred thousand in
habitants,. Of fifty dollars, may issue to
thority under section 1876 a license ter
minating on the 31st day Of January next
succeeding, revokable at any time, per-
hitting such agent to act as agent in
procuring policies of fire insurance from
any corporations, associations, partner
ships, or. persons, herein called COM
panles, which are not authorized to do
business in the state.
2. Before any insurance shall be pro-
cured under said license, there shall be
executed by the agent an affidavit which
shall be fled with the commissioner
within thirty days after the date of the
policy. Such affidavit shall entitle the
agent making it to effect unauthorized
insGra t3( for one year succeeding; the
forth that the agent is, after diligent
effort, unable to procure the amount of
insurance required to protect the prop
erty described in said affidavit, from the
companies authorized and licensed to
TRANSACT business in this state:
3. The insured may in writing relieve
the agent from the personal liability i'm
posed by section 1919a, which release
one year after the date thereof.
4. The agent procuring policies in any
unauthorized company shall keep a sep
arate account thereof, open at all times
to the inspection Of the commissioner,
a. The amount Of such insurance;
b. The gross premiums charged
c. The return premiums on cancella-
tons;
d. In what company the insurance is
e Date Of policy;
f. The term thereof;
g. copy Of the form Of policy and
h. Separately the cities, towns and
villages IN which the insured properly
5. Such agent shall annually, before
the first day Of February in each year,
make a report to the commissioner for
the preceding calendar, year on such
form as prescribed by him, Of the facts
required by subsection 4. and pay to the
state through the commissioner the tax
in the manner and at the time provided
by section 1919.
G.. Each agent receiving such license
shall, before transactins business there
under, execute and deliver to the COM
missioner bond to the people of the
state in the penal sum Of one thousand
dollars, with such sureties as the com
missioner shall approve. conditioned that
the said agent will faithfully comply
with all the requirements of this section.
7. In default Of the payment to said
commissioner of the tax herein provid-
ed for, he may sue for the same in any
8. Any violation Of this act shall sub
iect the agent to a revocation of his
license.
Section @ This act shall take effect
and be in force from and after its pas
sage and publication
Approved May 5, 1911 Copy Law