The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1913-03-05

the provisions Of section 1872 of the
Public Statutes as amended by section
two of this act respecting the Issuing
granting and revocation OF licenses
shall apply to the issuance OF licenses
under the provisions OF this sectloh'
Such license shall continue until. the
first day of April thereafter unless
sooner revoked. Upon the ming OF the
certihcate hereinbefore referred TO,
and the compliance with the other
provisions of this section, such license
NAV he renewed on such first day OF
April and annually thereafter; and
for such license and each renewal
the person receiving the same shall
nav said commissioners two dollars
Sec. 2. Section 1912 Of the Public
Statutes is hereby amended 80 as to
read as follows
Sec. 1912. The insurance commits
sioners may. upon the payment Of ten
dollars, issue to suitable person who
is a resident of this state, license to
act as an insurance broker to negoti-
ate contracts of insurance or reinsur-
Rnce or place risks or effect insurance
or reinsurance with a domestic insur-
ance company or its agent, or with the
authorized agent in this state OF for
eign insurance company duly admit
ted to do business in this state. An
applicant for such license shall file
with the insurance commissioners an
application in writing In the form pre-
scribed by said commissioners.
Such application shall be under
oath and shall be kept on file with
said commissioners.
Such application shall state the
name, age, residence and occupation
of the applicant at the time Of max
ing application, his occupation for the
five years next preceding the date OF
filing such application, and shall state
that the applicant intends to hold
himself out and carry on business In
good faith as an insurance broker,
and shall give such other information
as the commissioners may require.
Suci application shall be accompanied
by a statement upon blank furnish
ed by said commissioners as TO the
trustworthiness and competency Of such
applicant signed by at least three citi'
Eens of this state II said commissions
ers are satisfied that the applicant Is
IIuSlMOiIly anu NOllDClCnl anu III
tends to hold himself out and carry
on business with the public in good
faith as an insurance broker. they
shall issue to said applicant license
Said commissioners may at any time
after the granting of a brokers' IL
cense, for cause shown and after hear
Ing, determine that person to whom
such license has been granted has not
complied with the insurance laws OF
is not trustworthy or competent or Is
not holding himself out and actually
carrying on business as an insurance
broker or is not a suitable person Il
act as an insurance broker and they
shall thereupon revoke the license OF
such broker and notify him that his
license has been revoked. Said COM
missioners may. If deemed necessary
publish notice of the revocation OF
n brokers' license In such manner as
they deem proper for the protection
OF the public All licenses issued un
der the provisions of this section shall
expire on the thirty-first day OF
March following unless sooner re
voked.
Sec. 5. Section 4S13 Of the Public
Statutes is hereby amended so as &c
read as follows:
Sec. 1918. An authorized insurance
agent whose payments for certificates
of authority amount to ten dollars pei
annum may act as such broker with
out further charge for license; and
such agents whose payments for such
certificates are less than ten dollars
may have license as a broker on pay
ing such sum as will, with the sum al
ready paid for certificates, make tbs
sum of ten dollars provided, how
ever that the provisions of the pre-
ceding section respecting the issuing
granting and revocation of brokers
licenses shall be applicable to licenses
granted under the provisions of this
section.
Sec. 4. This act shall take effec
from its passage.
Approved February Z, 1913.