Page:United States Statutes at Large Volume 48 Part 1.djvu/1199

 73d CONGRESS. SESS. II. CH. 672. JUNE 19, 1934 . 1173 holder, and the beneficiary shall be governed by the provisions of this section. (j) The policies of insurance against accidental bodily injury or l aws etc. may State sickness issued by a company not organized under the laws of the cluded in policy. Dist rict may c ontai n, w hen i ssued in the D istri ct, any p rovis ion which the law of the State, Territory, or District of the United States under which the company is organized prescribes for inser- tion in such poli cies, and the poli cies of insurance against accidenta l bodily injury or sickness issued by a company organized under the laws of the District may contain, when issued or delivered in any other State, Territory, District, or country, any provision required by the laws of the State, Territory, District, or country in which the same are issued, anything in this section to the contrary notwithstanding. (k) (1) Nothing in this section, however, shall apply to or affect tionoli not c applicabase c any policy of liability or workmen's compensation insurance or any genera l or b lanket polic y of i nsuran ce issu ed to any mu nicipa l cor- poration or department thereof, or to any employer, whether a corpo ratio n, co part nersh ip, a ssoc iatio n, or indi vidu al or to a ny police or fire department, underwriters corps, salvage bureau, or to any association of fifty or more members having a constitution or bylaws and formed in good faith for purposes other than that of obtaining insurance, where not less than 75 per centum of the mem- bers or employees are insured for their individual benefit against specified accidental bodily injuries or sickness while exposed to the hazards of the occupation or otherwise in consideration of a premium intended to cover the risks of all the persons insured under such policy. (2) Nothing in this section shall apply to or in any way affect tractsplemental co n- contracts supplemental to contracts of life or endowment insurance where such s upplem ental contra cts co ntain n o prov isions excep t such as operate to safeguard such insurance against lapse or to provide a special surre nder v alue t herefo r in t he even t that the i nsured shall be totally and permanently disabled by reason of accidental bodily injury or by sickness : Provided, That no such supplemental contract Proviso. shall be issued or delivered to any person in the District unless and Approval of form. until a copy of the form thereof has been submitted to and approved by the Superi ntende nt und er suc h reas onable rules and re gulati ons as he shall make concerning the provisions in such contracts and their submission to and approval by him. (3) The provisions of this section contained in clause (5) of Railroad ticket poh- subdivision (b) and clauses (2), (3), and (12) of subdivision (c) '!'as. may be omitted from railroad-ticket policies sold only at railroad stations, or at railroad ticket offices by railroad employees. (1) Any company, or other insurer, or any officer or agent thereof, Penalty provisions. which or who issues or delivers to any person in the District any policy in violation of the provisions of this section, shall be punished, upon conviction, by a fine of not more than $500 for each offense, and the Superintendent may revoke the certificate of authority of any com pany, corpor ation, assoc iation, socie ty, or other insur er of any State or country, or the license of the agent thereof, which or who violates any provisions of this section. m The term " indemnity ", as used in this section, means benefits "indemnity, ' eon - strued . promised . SEC . 13. STOCK OPERATIONS AND ADVISORY BOARD CONTRACTS PRO- advisory operations acon- HIBrrr:D .-NO life company doing business in the District shall issue tracts, prohibited . i n the District, nor permit its general agents, agents, officers, solici- tors or employees to issue or deliver in the District, agency company stock or other capital stock, or benefit certificates or shares in any