This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1869 Excerpt: ...the auditor shall render account, in his biennial report, of the fees received by him under the provisions of this act. 28. Agents appointed by any company doing business Responsibility in this state, to solicit for applications for insurance, to col-of agentaled the premiums on the same and to transact the other ...
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1869 Excerpt: ...the auditor shall render account, in his biennial report, of the fees received by him under the provisions of this act. 28. Agents appointed by any company doing business Responsibility in this state, to solicit for applications for insurance, to col-of agentaled the premiums on the same and to transact the other duties of agents in such cases, shall be held personally responsible to such company for any moneys received by them for such company; and in case any such agent shall embezzle or fraudulently convert to his own use, or shall take or secrete, with intent to embezzle and convert to his own use, without conseut of such company, any money belonging to such company which shall have come into his possession or shall be under his care by virtue of his agency, he shall be deemed, by so doing, to have committed the crime of larceny, and, on conviction, shall be subject to the fines and penalties provided by the statutes in such cases. 21). "Whenever the existing or future laws of any state Deposits, of thu United States, or any other kingdom or country, Bball require of insurance companies incorporated by or organized under the laws of this state, and having agencies in such other state, kingdom or country, any deposit or securities in such state, kingdom or country, for the protection of policy holders or otherwise, of any payment for taxes, fines, penalties, certificates of authority, license fees or otherwise, greater than the amount required for snch purposes from similar companies of other states by the then existing laws of this state, then and in every such case, all companies of such states, establishing or having heretofore established an agency or agencies in the state, shall be and are hereby required to make the same deposit, ...
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