Corporation Laws of the State of California; (With Citations From, Up to and Including 145th California Report).

Corporation Laws of the State of California; (With Citations From, Up to and Including 145th California Report).

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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. 1905 edition. Excerpt: ... All expenditures authorized in this section must be audited by the Board of Examiners, who must allow the same and direct payment thereof to be made, and the Controller shall draw warrants therefor on the State Treasury for the payment of the same to the Insurance Commissioner out of the said Insurance Commissioner's Special Fund. Amendment in effect March 4, 1887. 631. The Commissioner must keep his office in the City of San Francisco. 632. The Commissioner must execute an official bond in the sum of ten thousand dollars. 633. No person shall in this State act as the agent or solicitor of any life insurance company doing business in this State until he has produced to the Commissioner, and filed with him, a duplicate power of attorney from the company, or its authorized agent, authorizing him to act as such agent or solicitor. Upon riling such power, the Commissioner shall issue a license to him to act as such agent or solicitor for such company, if such company has received a certificate of authority from such Commissioner to do business in this State. Such license shall continue in force twelve months from the date thereof, but may be, and shall be, sooner revoked upon application of the company or its authorized agent. Such license may be renewed from time to time, for an additional period of twelve months, on production by the holder to the Commissioner of a certificate from the company that such person's authority as such agent or solicitor continues. For each such license, or renewal thereof, the Commissioner shall receive the sum of one dollar. The Commissioner shall keep an alphabetical list of the names of the persons to whom such licenses shall be issued, with the date of the license and renewal, and the name more

Product details

  • Paperback | 166 pages
  • 189 x 246 x 9mm | 308g
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236680391
  • 9781236680396