Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1912-12-27
Bill is Prepared
(Contiusa from page II j

lN6I
the legislature this winter for con.
sideration. Following is the bill:
A BILL for an act to prohibit in
surance companies and their agents,
from Relating, discriminating, twist.
ing and embeZZlement. .t,n#a.
Be it enacted by the Legislative AS.
se.ably of the State of North Da-
kota: "' ."tt3a 4@s F. -a. 49,
Section !. Relating Prohibited-No
insurance company by itself or any
party, and ne insurance agent,
or solicitor, personally or by any 9th.
|er-party, shall offer, promise, allow,
give. set off or pay, directly or ind.
rectly, any rebate of, or part of, the
premium payable on the policy, or
any policy, or agents commission
thereon, or earnings, profits, divi-
dends o. other benefit founded, arts.
ing, accfuing thereon or therefrOm, or
any css,er valuable consideration or
induce:nent to or for insurance, ON
any risk in this state now or iereaft-
|er to be written, which Is not speci.
fed in the policy contract o. iasu-
rance; nor shall any such company,
agent, or solicitor, personally or 9TH
erwise, offer, promise, give, sell or
purchase any stock,a bonds, securities
or property, or any dividends or prof
its accrling or to accrue thereon, or
other thing of value whatsoever as
inducement to insurance or in con
n~ection Herewith which is not specl,
fed in the policy. The license OF the
insurance agent, or solicitor. Or other
person. found by the commissioner OF
insurance, after, hearing, to have vio-
lated the provisions OF this section
shall be revoked and no license shall
be issued to such agent, or solicitor
within n year from the date of the
revocation Of the license. No insured
person or party shall receive or ac-
cept, directly or indirectly, any re-
bate of premium or part thereof, or
agents, or solicitors commission
thereon payable on the policy, or on
any policy Of insurance, Or any favor
or advantage or sharesintthe dividend
or other benefits to accrue thereon.
or any valuable consideration" or in
ducement, not specified in the policy
contract Of insurance; the amount Of
insurance whereo1 the insured has
received or accepted, either directly
or indirectly, any rebate OF the pre-
MUM or agents, or solicitors con-
mission thereon, shall be reLlced in
such proportion as the amount. Of val.
ue. Of such rebate, commission, diyi-
dend or other consideration so re
rceited by the insured, bears to the to.
ttal premium on such policy, and any
such insured, in addition to having
the insurance reduced, shall be guilty
of a misdemeanor, and, upon convic-
ton thereof, shall be sentenced to
lpay a fine of not more than ($100.0 0)
zone hundred dollars.
Section 2. Misrepresentation and
|Twistiag-No insurance company or
any officer. director, agent, OF solicl-
tor thereof shall issue, circulate or
use or cause or permit to be issued,
circulated or used, any estimate,
statement or circular misrepresenting
the terms Of any policy issued or to
be issued by such company, or mis-.
representing the benefits or privileg-
es promised under any such policy.
No insurance company, officer, direc-
tor or agent thereof shall make any
misrepresentation, oral, written or
otherwise, to any person insured in
another company for the purpose Of
Inducing or tending to induce such
person to take out q policy of insu-
rance, or for the purpose Of inducing
or tending to induce a policyholder in
any other like company to. lapse, for
felt or surrender, his insurance there.
iii. Any insurance agent, or solicitor,
or any person violating the provi-
sions OF this section Of this act. shall
be disqualified from. acting as an in
surance agent or solicitor for the pc
Rod Of at least one year thereafter.
Section 3. Testimony-No person
shall be excused from testifying, or
from producing any books, papers,
contracts. agreements or documents
at the trial Or hearing or any person
or company charged with violating