Tennessee Insurance Laws in Force July 1 1907
Tennessee Insurance Laws in Force July 1 1907
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Passed April 14, 1905. Approved April 17, 1905.
-123— RESIDENT AGENTS' LAW.
CHAPTER 430, ACTS OF 1899.
AN ACT to prevent fire, fire marine, or marine insurance compa- nies or associations not incorporated under the laws of this State from placing, writing, or causing to be written or placed, con- tracts or policies of insurance covering property located in this State or otherwise than through resident local agents.
Section i. Be it enacted by the General Asscmhly of the State of Tennessee, That... no fire, fire marine, or marine insurance company or association not incorporated tmder the laws of this State, authorized to transact business herein, shall make, write, place, or cause to be made, written or placed, any policy, duplicate policy, or contract of insurance of any kind or character, or any general or floating policy, upon property situated or located in this State, except after the said risk has been approved, in writing, by a local agent who is a resident in this State, regularly commissioned and licensed to transact insurance business herein, who shall countersign all policies so issued or contracts of insurance, and receive the full commission thereon, when the premium is paid, to the end that the State may receive the taxes re- quired by law to be paid on the premiums collected for in- surance on all property located in this State; Provided, how- ever.
What to read after Tennessee Insurance Laws in Force July 1 1907?
You can find similar books in the "Read Also" column, or choose other free books by Tennessee to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Passed April 14, 1905. Approved April 17, 1905.
-123— RESIDENT AGENTS' LAW.
CHAPTER 430, ACTS OF 1899.
AN ACT to prevent fire, fire marine, or marine insurance compa- nies or associations not incorporated under the laws of this State from placing, writing, or causing to be written or placed, con- tracts or policies of insurance covering property located in this State or otherwise than through resident local agents.
Section i. Be it enacted by the General Asscmhly of the State of Tennessee, That... no fire, fire marine, or marine insurance company or association not incorporated tmder the laws of this State, authorized to transact business herein, shall make, write, place, or cause to be made, written or placed, any policy, duplicate policy, or contract of insurance of any kind or character, or any general or floating policy, upon property situated or located in this State, except after the said risk has been approved, in writing, by a local agent who is a resident in this State, regularly commissioned and licensed to transact insurance business herein, who shall countersign all policies so issued or contracts of insurance, and receive the full commission thereon, when the premium is paid, to the end that the State may receive the taxes re- quired by law to be paid on the premiums collected for in- surance on all property located in this State; Provided, how- ever.
What to read after Tennessee Insurance Laws in Force July 1 1907?
You can find similar books in the "Read Also" column, or choose other free books by Tennessee to read onlineMoreLess
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