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122 CORPORATIONS. [ART. XXIII
1918, ch. 400, sec. 154AG.
154AG. Such attorney shall, within the time limited for filing the
annual report by insurance companies transacting the same kind of
business, make a report to the Insurance Commissioner for each calen-
dar year, showing the financial condition of affairs at the office where
such contracts are issued, and shall furnish such additional informa-
tion and reports as may be required to show the total premium or
deposits collected, the total losses paid, the total amounts returned to
subscribers and the amounts retained for expenses. Provided, however,
that such attorney shall not be required to furnish the names and
addresses of any subscribers. The business, affairs, records and assets
of such organization shall be subject to examination by the Insurance
Commissioner at the expense of the organization examined.
1918, ch. 400, sec. 154AH.
154AH. Any corporation now or hereafter organized under the
laws of this State, shall, in addition to the rights, powers and franchises
specified in its Articles of Incorporation, have full power and authority
to exchange contracts of the kind and character herein mentioned. The
right to exchange such contracts is hereby declared to be incidental to
the purposes for which such corporations are organized and as much
granted as the rights and powers expressly conferred.
1918, ch. 400, sec. 154AI.
154AI. Any attoney who shall exchange any contracts of indemnity
of the kind and character specified in the Act of 1918, Chapter 400,
or any attorney, agent or any person representing him, who shall solicit
or negotiate any application for same without the attorney first comply-
ing with the foregoing provisions, shall be deemed guilty of a misde-
meanor, and on conviction thereof, shall be subject to a fine of not less
than one hundred dollars, nor more than one thousand dollars. For the
purpose of organization and upon issuance of permit by the Insurance
Commissioner, powers of attorney and applications may be solicited
without license, but no attorney, agent or other person shall make any
contracts of indemnity until he shall comply with all the provisions of
the Act of 1918, Chapter 400.
1918, ch. 400, sec. 154AJ.
154AJ. Each attorney by or through whom are issued any policies
of or contracts for indemnity of the character referred to in the Act
of 1918, Chapter 400, shall procure from the Insurance Commissioner
annually a certificate of authority stating that all the requirements of
said Act have been complied with, and upon such compliance and the
payment of the fees and taxes required by said Act, the Insurance
Commissioner shall issue such certificate.
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