The Republican journal., 1915-04-08

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licensed as herein before provided as an
agent or broker for the transaction of
fire insurance business the insurance
commissioner shall be satisfied that such
person intends to hold himself out in
good faith as such insurance agent or
broker.'-(Approved March Is, 1851
Chapter 1o2.
An Act prohibiting the rebating of pre-
miums on fire or liability insurance
Section 1. No insurance company
transacting fire or liability insurance In
this State, and no agent or broker trans
acting fire or liability insurance, either
personally or by any other party, shall
offer. promise, allow, give, set-off or pay,
directly or indirectly, as an inducement
to fire or liability insurance on any risk
in this State, now or hereafter to be
written, any rebate of or part of the pre-
MUM payable on any policy or of the
agents commission thereon; nor shall
any such company. agent or broker, per-
sonally or otherwise, offer, promise, al
low, give, set-off or pay, directly or in
directly, as an inducement to such fire or
LIABILITY lily insurance any earning, profit,
ing, accruing or to accrue on such insur-
ance, or therefrom, or other valuable con-
slderat1on, or any special favor which is
not speclhed. promised or provided for In
the. policy of insurance; nor shall any
such company, agent or broker, person
ally or otherwise. offer, promise, give or
sell as an inducement to such insurance
any stocks, bonds, securities or property,
or any dividends or protitss accruing or
to accrue thereon, nor, except as Speci-
fled in the policy, offer, promise or give
any other thing of value whatsoever, or
ctr
other property. for which shall be paid
or agreed to be paid more than the fair
and reasonable value thereof.
Section 2. This act shall not prevent
any insurance company from paying to
another insurance company, or to any
duly authorized agent or broker of this
or any ether State who holds himself out
and carries on an insurance business In
good faith as such, or to prevent an in
surance company. agent or broker from
receiving a commission on any policy I'M
der which it. itself. or he, himself, is in
sured, or any mutual company from pay
ing dividends duly earned to policy
holders.
Section 8. Any insurance company,
agent or broker violating any provision
of this act shall be guilty of misde-
meanor and upon conviction thereof, shall
be punished by a fine of not more than
one hundred dollars for each and every
violation, or in the discretion of the court.
by Imprisonment not exceeding six
months. The insurance commissioner
may revoke the license of any company,
agent or broker violating this act.-(Ap-
proved March Is, 1859
Chapter 1903.
An Act requiring that adjusters Of fire
losses be licensed.
No insurance company transactng fire
insurance business in this State shall per-
NIT any representative to adjust loss
ypt, WON ,tofi vyN 1,or
censed in accordance with the provisions
of this act. The insurance commissioner
may issue license to any person to act
as an adjuster of losses by fire upon re-
may be required by him and upon the
payment of a fee of two dollars. Before
issuing license to any adJuster the inSur-
ance commissioner shall satisfy himself
that the applicant is a suitable person to
act as an adjuster. The insurance com
missioner may at any time after the
granting of such license, for cause shown,
and after hearing, determine any person
so licensed to be unsuitable to act as an
adiuster and shall thereupon revoke such
license and shall notify the adjuster OF
such revocation. Provided that no license
as an adjuster shall be required of duly
licensed fire insurance agent resident OF
this State.-(Approved March Is, 1851
Chapter 1o4.
An Act to amend Section twenty of Chap
ter sixty-seven of the Revised Statutes
relating to the distribution of personal
estate.
Section twenty of chapter sixty
seven of the Revised Statutes is here
by amended by inserting after the
thereof the following words. or for the
payment of pecunary legacies of fixed
amount and by adding to said sector
the following sentence: If such account
of the decree, it may be allowed afte.
public notice. so that said section as
amended shall read as follows:
Section 20. When on the settlement OF
any account of an administrator, execu.
tor, guardian or trustee there appears tc
remain in his hands property not neces-
sary for the payment of debts and ex-
penses of administration, or for the pay
ment of pecuniary legacies of tiXeJ
amount, nor specifically bequeathed, the
Judge upon petition of any party inter
ested, after public notice and such other
notice as he may order, shall determine
who are entitled to the estate and their
respective shares therein under the will
or according to law, and order the same
to be distributed accordingly; and alien
age shall be no bar to any person, who
in other respects, is entitled to receive
any part of such property. If an eXecu.
tor administrator, guardian or trustee
neglects to distribute the property in his
hands in pursuance of such order, and
the parties in interest reside out of the
State, and had no actual notice of any
such settlement of account, the judge, or
petition OF any such party, may, within
six years after such settlement, order
such executor, administrator, guardian
or trustee to render a new account. II
any sum of money directed by decree
of the probate court to be paid over, In
any solvent or insolvent estate, remains
for six months unclaimed, the executor
administrator, guardian or trustee who
was ordered to pay over the same, shall
pay such sum of money to the treasurer
of the county in which the probate court
has jurisdiction, who shall give receipt
therefor. specifying the amount, name
of estate and name of person entitled
thereto, which said receipt shall be filed
in the probate court and allowed as a
sufficient voucher therefor. When an
executor, administrator, guardian OF
trustee has paid or delivered over to the
persons entitled thereto the money OF
other property in his hands, as required
by decree of a probate court, he may
perpetuate the evidence thereof by pre-
senting to said court, without further
notice, within one year after the decree
is made. an account of such payments OF
of the delivery over of such property;
which account being proved to the salts
faction of the court, and verified by the
oath of the party, shall be allowed as his
final discharge, and ordered to be record
one year from the date of the decree, 1t
may be allowed after public notice.
Approved March 49,. 1859
Chapter 1o5.
An Act to amend Section seventy-one of
Chapter eighty-three of the Revised
Statutes, as amended by Chapter
nineteen hundred thirteen, relative to
the release or discharge of attachments.