1828 ARTICLE 48A.
negotiating contracts of insurance or reinsurance in the name of Ms said
employer, is hereby designated a broker's solicitor and shall be deemed to
be such for the purposes of this article. No person shall act in any manner
or perform any of the duties or functions of such broker's solicitor until
application for a license therefor shall have been made both by said
broker's solicitor and by his employer on application forms provided by the
insurance commissioner, and duly signed by said broker's solicitor and by
his said employer, and there shall have been issued by the insurance com-
missioner a license to act as such broker's solicitor, for which license there
shall be paid to the insurance commissioner the sum of twenty-five dollars
by or for each such broker's solicitor. Said license shall bear the name of the
broker's solicitor to whom issued and of the employer for whom he is
authorized to act and shall authorize said broker's solicitor named therein
to solicit insurance and reinsurance in the name of his said employer, but
not in his own name, or in the name of any other person, firm or corporation,
and further to aid in any proper and lawful manner his said employer in
negotiating contracts of insurance and reinsurance, in the name of his
said employer, but shall not authorize or permit said broker's solicitor to
act in or use his own name in soliciting or negotiating any contracts of
insurance or reinsurance or in any renewal or renewals of any such con-
tracts, or to deliver any policy or bill to any assured or collect any premium
of insurance in his own name or in any other manner than in the name of
and as the agent or employee of his said employer. The broker for whom
any such solicitor shall act under such license may place any insurance
procured by or through said solicitor in any company and in the same
manner and to the same extent as if said business had been procured or
negotiated directly by said broker employing said solicitor.
1922, ch. 492, sec. 67.
70. Non-Resident Brokers. Any duly authorized broker of any other
state of the United States or of the District of Columbia, residing outside of
this state, may negotiate any contract of insurance within this state or on
property located within this state to the same extent, and on the same
terms and upon the payment of the same fees as are or shall be required,
demanded or exacted by any such state or the District of Columbia, or from
citizens of this state negotiating or transacting a like business in any such
state or the District of Columbia.
1922, ch. 492, sec. 68.
71. Penalties for Violation of Sections 66, 68, 69 and 70. Any person
who shall use or exercise within this state the business or occupation of an
insurance broker or broker's solicitor, as the case may be, without having
procured a license therefor, as required by sections 66, 68, 69 and 70 of this
article, and each person who employs, and each member of any partnership,
and each officer of any corporation having authority to employ agents,
clerks and solicitors, who shall employ or permit the employment or receive
or accept the services of any broker's solicitor until a license in each such
case shall have been duly issued as provided in section 69, shall be deemed
|
|