REINSURANCE RESERVE-(Continued). 296 Wyoming. 302 327 341 347 357 374 381 389 393 408 416 South Carolina. South Dakota (Dom. Cos.) Tennessee. Texas.. 424 50% annual premiums; pro rata longer † 40% of all premiums in force. Must equal 40% of year's premium receipts. § 50% of all premiums in force. ¶Pro rata of all premiums in force. d 50% on fire risk less than one year to e 50% annual fire premiums; pro rata gMust maintain a reinsurance reserve fund Alabama. Alaska.. Arizona. Arkansas. District of Columbia.. Florida.. Georgia. Hawaii.. Idaho. Illinois. Indiana. Iowa.. Kansas. Kentucky. Louisiana. Maine.. Maryland.. Massachusetts. Michigan.. Minnesota. Mississippi. Missouri. Montana Nebraska.. New Hampshire.. New Jersey. New Mexico. New York. North Carolina.. United States. Vermont. Virginia.. Cyrus W. Brown.... Geo. M. La Monte. Edward H. Moore.. J. Will Taylor. ALABAMA. STATE REQUIREMENTS. AGENTS DEFINED-Sec. 7189, Code, 1907 (as amended in 1909). “Any person who solicits insurance on behalf of any insurance company, or takes or transmits, other than for himself, any application for insurance, or any policy for insurance, to or from such company, or in any way gives notice that he will receive or transmit the same, or receives or delivers a policy of insurance of any such company, or examines or inspects a risk, or receives, collects or transmits any premium of insurance or makes or forwards any diagram of any building or buildings (except as a bona fide draughtsman), or countersigns any policy of insurance, or does or performs any other act or thing in the making or consummating of any contract of insurance with or for any insurance company other than for himself, or examines or adjusts, or aids in adjusting any loss for or on behalf of any such insurance company whether any such acts shall be done at the request or instance or by the employment of any insurance company, or of or by any other person (except those acting as attorneys at law), is deemed an insurance agent. For the doing of any of the acts aforesaid until such company shall have complied with the laws of the State, and received the proper license or certificate of authority from the Insurance Commissioner authorizing it to do business in this State, and until such person shall have received the proper certificate from the Insurance Commissioner authorizing such person to perform any of the acts of an agent for any such company, such person shall be guilty of a misdemeanor, and upon conviction shall be fined not less than one hundred dollars nor more than five hundred dollars, or may be imprisoned in the county jail not more than thirty days, or both, at the discretion of the court." Sec. 7715, Code of 1907-"Any person who acts as agent of any unlicensed foreign insurance company, must, on conviction, be fined in a sum equal to the State, county and municipal tax required to be paid by such company for license and five hundred dollars in addition thereto; and, on a second or other conviction, must be fined one thousand dollars, and may be imprisoned in the county jail, or sentenced to hard labor for the county, for not more than six months." AGENTS' LICENSES-Sec. 4561. "Every insurance company licensed to do business in this State under the provisions of this article, shall obtain from the Insurance Commissioner a certificate of authority for every individual agent writing or soliciting insurance for it in this State, and such certificate shall be renewable in January of each year." Persons acting as agents of unadmitted companies may be fined not less than $100 nor more than $500, or imprisoned for not more than thirty days, or both. They are also held personally liable for losses under policies so written. Application for |