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ART. 56.] LICENSES.
1868, c. 209 adds to section 11 the following, [Sup. 148 : ]
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133
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11. Any person applying for the same and paying
the sum of one hundred dollars may obtain a license
for carrying on the business of insurance broker, and
any individual, co-partnership or firm who shall carry
oa the business of an insurance broker without a license
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1868 c. 209.
Insurance
broker.
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shall be subject to the penalties imposed upon other
brokers by section seventeen of this article.
In force and approved March, 1868.
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Penalty.
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FOREIGN CORPORATIONS AND COMPANIES.
1863, c. 243 repeals sections 28 and 29 and re-enacts the same to read as follows:
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28. Any agent or agents of foreign insurance com-
panies doing business or proposing to do business in
this state shall pay for his or their license to the comp-
troller or treasurer the sum of four hundred dollars
annually for each and every company represented by
him or them, but before the comptroller shall issue
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1868, c 243.
Agents or
foreign insur-
ance compa-
nies.
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said license he shall require a statement under oath of
the true financial condition of the office or offices pro-
posed to be represented by him or them and for which
he or they may make application for license, and the
comptroller shall also require as a condition precedent
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Statement
under oath.
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to issuing of said license the exhibition of authority
from the parent office or offices to settle losses without
the interference of the officer or officers of the said
parent office or offices.
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Authority to
settle losses.
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29. No person shall act as such insurance agent
without complying fully and entirely with the provi-
sions of section twenty-eight of this article, any person
so offending shall forfeit and pay into the treasury the
sum of five hundred dollars, one-half of which shall
be placed by the treasurer to the credit of the public
school fund and the other half to the informer, the
whole amount of which shall be recoverable by law
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Penalty.
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