Page:United States Statutes at Large Volume 48 Part 1.djvu/1155

 73d C ONGRESS. SESS. II. CH. 672. JUNE 19, 1934 . 1129 " Industrial li f e insurance " means that form of li fe insurance, 51 11 nddustrial life ,n- either (a) under which the premiums are payable weekly, or (b) under which the premiums are payab le monthly or oftener, if the face amoun t of insur ance provi ded in the poli cy is less than $1,000, and the words "industrial polic y" are plainly printed upon the policy as a part of the descriptive matter. CHAPTER II-POWERS AND DUTIES OF SUPERI NTEND ENT ; GENERAL PROVISIONS Sec. 1. Insurance department ; Superintendent of insurance ; oath ; bond ; assistants ; seal ; certificate with evidence ; annual report. Sec. 2. Fe es and charges. Sec. 3. Taxes. Sec. 4. Tax refunds. Sec . 5 . Certificate of authority. Sec. 6 . Revocation of certificate of authority. See. 7. Annua l sta temen t for ms to be furnished by Superintendent. Sec. 8 . Annual statement. See. 9. Penalty for false statement. Sec. 10. Deceptive statements prohibited. Sec. 11. Contents of advertisements. Sec. 12. Defamation of companies. Sec. 13. Penalty for refusing to appear and testify in examinations. See. 14. Court proceedings. See. 15 . False statements in application for insurance. Sec. 16. General deposit. See. 17 . Holding of general deposits by Auditor and Secretary to Board of Commis sione rs. See. 1 8 . Withdrawal of deposits . Sec. 19. Examinations. See. 20. Receivership proceedings. Sec. 21. When company to be deemed insolvent. Sec. 22. Reins uranc e by Super inten dent. Sec. 23. Amortization. See. 24. Attorney for service of process. Se c. 25 . Political contributions prohibited. See. 26 . General Agent's, Agent's and Solicitor's Qualifications and Licenses. Sec. 27. Suspension or revocation of license. Sec. 28. Appeal from Ruling. Sec. 29. Brokers. Sec. 30. Embezzlement ; penal ty. Sec. 31 . Contract of minors for life, health, and accident insurance. See. 32. Assessment companies. Sec. 83. Appeal from Superintendent to Commissioners. SECTION 1. INSURANCE DEPARTMENT ; SUPERINTENDENT OF INSUR- ANCE ; OATH ; BOND ; ASSISTANTS SEAL ; CE RTIFI CATE WITH EVIDENCE ; ANNUAL REPORT. -Th er e shall be continued in the District a Depart- Department of In- suran ce of the Distr iet ment charged with the execution of the laws relating to insurance, of cohimbie. to be called the " De par tm ent of Insurance of the District of C olum- bia ." At the hea d of su ch De par tm ent there sha ll be a Superintend- Superintendent. ent of Insurance, who shall devote his entire service to the Depart- ment. He sh all be appointed by and hold his office at the ple as ure Appointment ; tenure of the Co mmiss ioner s. The Su per in ten de nt ., duduring his term of ofoIc e. g Restriction on other off ic e, sh all not be interested in the business of any insurance com - emp lo yme nt. pany exce pt as a po licyh older. He shall take and subscribe an oath oath' of of fice which shal l be filed with the Commi ssion ers. In said De- Assistants. par tm ent there shall be also two Deputy Superintendents and su ch other personnel as may be necessary within appropriations annually