Evening star., 1928-01-29

of licenses shall pay out of the cash
deposit the amount OF the execution,
| including costs, up to, but not in excess
| of $4,000. If the regiStrant has de-
posted bonds. stocks or other evidences
of indebtedness, the superintendent OF
licenses shall. on presentation OF sucn
execution as described above, sell at
public auction such part OF this coli
lateral as may be necessary to pay the
execution and costs.
Whenever the amount OF cash or
securities on deposit by any registrant
falls short of the amount required. the
superintendent of licenses shall require
sufficient additional deposit to make up
the shortage. Such deposits OF cash or
securities would not be subject to at
tachments or garnishments other than
executions covered In the act.
Creditor Procedure.
Section 6 defines how Judgment
creditor may proceed against surety. II
the Judgment rendered against the
principal on q motor vehicle liability
bond, or against the person responsible
for the operation of the principals
motor vehicle. is not satisfied within 80
days, the Judgment creditor may for his
use and benefit and at his sole expense
bring an action In the name OF the
District against the surety company
executing the bond.
Section safeguards receipt for and
handling of deposits. It provides that
the superintendent of licenses shall give
to the applicant for registration
receipt for the amount Of cash or
securities deposited. The superintendent
shall retain such cash or securities and
shall not deliver the same or the
balance to the registrant or his order
until the expiration of the time within
which actions, the payment OF judg-
ments which are secured by such de-
poSits. may be brought against the
registrant or other responsible person.
The superintendent Of licenses shall A.
liver the deposit or balance thereof to
the registrant or his order upon sub
stitution of q proper motor vehicle ha-
bility policy or surety bond Tor such
deposit.
Section 9 covers provisions for
cancellation OF the policy or bond.
Section 8 authorizes the superirtend-
ent of licenses TO give information on
request regarding the company issuing
the policy or executing the bond as
surety or concerning any person ap-
pearing on his records as registrant.
Board Of Appeal
Section 10 sets up board OF appeal
on policies or bonds. consisting OF the
superintendent of insurance, or q desig-
mated agent: the superintendent OF
licenses, or a designated agent: and an
assistant United States attorney for the
District of Columbia-ali subject to
approval by the District Commissioners.
and their compensation, II not District
employees, TO be fixed by the Commits
sioners. The District Supreme Court
would have power TO compel the attend
ance and testimony OF witnesses sum-
moned before this board. and witness
fees would be the same as In civil cases
before the District Supreme Court.
Section IL contains provisions for
policies and bonds II says that no
motor vehicle liability policy shall be
delivered In the District until q copy
of the form OF the policy has bern on
file with the superintendent OF insur-
ance for at least 30 days, unless within
that time the superintendent shall have
approved the form OF the policy In
writing.
Section II covers risks and premium
charges. Section 10 provides for the
notification OF prohibited companies.
The superintendent OF insurance shall
forthwith notify the superintendent OF
licenses OF the names OF all companies
as they cease 20 be authorized 10 issue
motor vehicle liability policies or to
act as surety on motor vehicle liability
bonds. Section IL specifies the remedy
for improper cancellation. Section is
prohibits unlawful inducements and
collateral agreements. Section Is pro-
htbits the unlawful acceptance OF re-
bates. Section n Is the saving clause
IN the event OF unconstitutionaiity
Section 10 carries the effective date of
the act as January !, 1929, making the
new law III and when passed. appIy
10 all registrations for the calendar
year 1929 and subsequent years. Sec
ton 10 contains definitions of the vari-
GUS terms used In the bill.
To Furnish Bond.
Section 20 provides that the superin-
tendent OF licenses shall furnish
surety bond In the amount of $4,000
conditioned 10 account for all moneys
and securities received by him under
the act for the Use Of any person who
may suffer any loss of moneys or secur-
tiles deposited. The superintendent Of
licenses would be required 10 report
10 the District Commissioners annually
the moneys and securities received and
paid out by him under provisions Of
this act during the preceding year.
Section III specifically sets forth the