Page:United States Statutes at Large Volume 48 Part 1.djvu/1167

 73d C ONGRESS. SESS. II. CH. 672 . JUNE 19, 1934 . 1141 broker or applicant as plaintiff, and the said cause shall be docketed in said court and tried as an equity case. Appeals may be taken Appeals to Court of from the judgment of said Supreme Court of the District of Colum- Appeals. bia to the Court of Appeals of the District of Columbia as in other equity cases. In all said proceedings and appeals said Superintendent shall not Costs and bonds. b e taxed with any costs, nor shall he be required to give any super- sedeas bo nd or security for costs or damages on a ny appeal what - soever. Said Superintendent shall not be liable to suit or action or for any judgment or decree for any damages, loss, or injury claimed by any person on any appeal taken by said Superintendent in any case, nor shall said Superintendent be required in any case to make and d eposit for co sts or pay for any s ervice to the clerks of any court or to any marshal of the United States. ~ Broker s. SEt7. 29 . BROKERS .-Every person desiring to engage in business in Application for li- the Di strict as a l ife-ins urance broker shall apply t o the Superin tend- tense. ent for a license so to do and in the manner hereinafter prescribed. The applicant for such license shall file with the Superintendent Contents. his written application therefor and shall make a sworn statement on blanks to be prepared by the Superintendent giving his name, age, residence, place of business, occupation for five years just prior to the date of making his application ; and shall state that he intends to hold himself out in good faith as carrying on the business of broker of life insurance, and shall also set out his qualifications, namely, his familiarity with the life-insurance laws of the District and with the provisions of the policy contracts to be negotiated ; what insurance experience and instruction he has had ; his intention with reference to engaging regularly if not exclusively in the business of life-insur- ance roker ; whether he has been r efused or has had suspende d or revoked a license as a broker, general agent, agent, or solicitor of life insurance by the Insurance Department or the supervising officials of any State ; whether any company claims that he is indebted to it under any agency contract or otherwise ; if so, what company, the nature of the claim and of his defense if any, whether he has had any agency contract canceled by any company, and if so, when, by what com- pany, and the reason for such action, and such other information as the Superinten dent may requ ire. The applicant shall be vouched for by at least three reputable cit- izens of the District setting out whether the applicant is personally known to them, what they know of the reputation of the applicant as a man of business integrity, and what they know of the appli- cant's general fitness to act as a broker of life insurance. The Superintendent may require such applicant for license or re- Examination. newal thereof to submit to examination as to his fitness or qualifica- tions f or the license or li censes applied for. Such examination may be made by the Superintendent or by his deputy, which said exami- nation may be waived by the Superintendent, upon satisfactory proof of the qualifi cations of th e appli cant. When the Superintendent is satisfied from the application or the issue of license. examination made by him that the applicant is qualified, he shall issue to sai d appli cant a licens e to en gage i n the b usiness speci fied in said applications which shall also be specified in said license. No individual whose license as a broker is revoked shall be entitled Denial of new license to any license under this A ct for a perio d of o ne year after such r evo- on revocation. cation, provided, however, that the failure or refusal of the Superin- tendent to license any such applicant shall be subject to review in the same manner as provided in section 28 of this chapter. Licenses shall be renewed annually and every such license shall itenewats. continue in force until the 30th day of April next following unless in