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Session Laws, 1924
Volume 568, Page 327   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 327

authorize it to engage in the business of an insurance broker
applying therefor as hereinafter set forth, and paying to the
Insurance Commissioner the sum of one hundred dollars for
the use of the State, and an additional sum of one dollar as a
fee to the said Commissioner for issuing said license, may ob-
tain a license for carrying on the business of an insurance
broker; provided, however, that any natural person, bona fide
copartnership, or corporation as aforesaid residing in any of
the counties of this State, may, upon payment of a fee of
twenty-five dollars for the use of the State, and an additional
sum of one dollar as a fee to the said commissioner for issuing
said license, obtain a license to act as broker as to risks situated
in the county only within which he, they or it may reside. A
license issued to a copartnership or corporation shall authorize
only those members of the copartnership, not exceeding three
in number, who are specified in the license, or those officers,
agents and employees of the corporation, not exceeding three
in number, who are specified in the license, to act for the said
copartnership or for the said corporation thereunder. The
Insurance Commissioner shall from time to time^ upon appli-
cation, and payment of an additional sum of fifty cents in each
case as a fee to the Insurance Commissioner, change the desig-
nations of members of copartnerships and of officers, agents
and employees of corporations in licenses, issued under this sec-
tion to copartnerships and corporations. Every application
for a license under this section shall be addressed to the Insur-
ance Commissioner in writing on forms prescribed and pre-
pared by him, and shall set forth in full the name and ad-
dress of such applicant and the name and address of each per-
son who proposes to act under a license issued as aforesaid to
any copartnership or corporation, that each such applicant or
person proposing to act under such license has not wilfully vio-
lated any of the insurance laws of this State during the past
year and that he will not violate any such law during the term
of the license applied for if issued; that he has not dealt un-
justly with or deceived any citizen of this State or misrepre-
sented the conditions of any insurance policy or contract;
whether or not he is indebted to any insurance company or gen-
eral agent by virtue of any contract as former agent or broker,
whether or not his license as insurance agent or broker has
been declined or revoked in this or any other State for a viola-
tion of law; where and in what business engaged during the
past year, and in addition to such other information as the
Insurance Commissioner may require, shall give full answers

 

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Session Laws, 1924
Volume 568, Page 327   View pdf image (33K)
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