Page:United States Statutes at Large Volume 48 Part 1.djvu/1154

 1128 Definitions. "District ." "Commissioners ." "Superintendent ." "Department ." "Company ." "Domestic com- pany .' " Foreign company. " "Alien company ." "Person ." "General agent ." " Agent. " "Solicitor ." Broker . " "Net premiu m re- ceipts ." "Surplus ." " Liabilities. " 73d C ONGRESS. SESS. II. CH. 672. JUNE 19, 1934 . SF-C. 2. DEFINITIONS .-In this Act, unless the context otherwise requir es- " Distric t " means t he District of Columbia ; " Commissioners " mean s the Commis sione rs of the Di strict of Colu mbia ; " Sup eri nte nde nt " means the Su perintendent of Insurance o f the District of Columbia ; " Department " means the Department of Insurance of the District of Col umbia ; "Company" means any life insurance company and includes a corporation, company, or association of persons engaged in or pro- posing to engage in the business of life insurance ; "Domestic company " mean s an in sura nce com pany org ani zed under the laws of the District, or formed or organized under an Act of Congress ; " Foreign company 71 means an insurance company organized under the laws of any State of the United States, or of any Territory or insular possession of the United States ; "Alien company " means a company organized under the laws of any country other than the United States or a Territory or insular possession thereof ; " Person " includes individuals, corporations, associations, and partnerships ; personal pronouns include all genders ; the singular includes the plural, and the plural includes the singular, The term "general agent " in this Act shall include an individual, copartnership, or corporation authorized in writing by a company, association, or exchange to solicit risks and collect premiums, and/or issue policies in its behalf . The terms " agent " in this Act shall include an individual, copart- nership, or corporation authorized in writing by a company, associ- ation, or exchange to solicit risks and collect premiums in its behalf. The term "solicitor" in this Act shall include any individuals authorized in writing by a duly licensed agent to solicit risks and collect premiums in behalf of said agent. The terms " agent " and " solicitor " shall not include officers or sal aried employe es of any com pany, associat ion, or excha nge which is auth orized to tran sact b usiness in the Distr ict, wh o do no t soli cit, negotiate, or place risks. The term "broker" in this Act shall include consultant, surveyor and/or any person, partnership, association, or corporation who, for money, commission, or anything o f value, acts or aids in a ny man- ner on behalf of the insured in negotiating contracts of insurance or placing risks or taking out insurances, including surety bonds ; " Net premium receipts " means gross premiums received less the sum of the following 1 . Premiums returned on policies canceled or not taken ; 2 . Premiums paid for reinsurances where the same are paid to companies duly licensed to do business in the District ; and 3 . D ividends paid in cash or u sed by policyh olders in pay - ment of renewal premiums or in purchase of paid-up additional insurance. Surplus " means the excess of admitted assets over liabilities and capital, in the case of a company with capital stock, and the excess of admitted assets over liabilities in the case of a company without capital stock ; " L iab ili tie s " means a ll debts, due or to become due, continge nt or otherwise, of which the company has knowledge, and includes the reserves required by this Act ;