assessment.

amount of premiums received or receivable from risks Same.
taken in this State, respectively, during the year ending
on the thirty-first day of December next preceding the
The Commissioner must collect all fees and
assessments, and pay monthly into the State Treasury
whatever amounts may be received and collected by him.
He may bring actions in the name of the people of this
State to enforce such collection; and any person liable
for any assessment who neglects or refuses to pay the
amount of such assessment within ten days after demand
thereof in writing by the Insurance Commissioner, be-
comes liable to pay double the amount of such assess-
ment, and any judgment recovered in such case must be
for such double amount and costs.

Stats. 1868, p. 340, Sec. 13.

SEC. 607. The Commissioner must cause every corporation or person before engaging in the business of insurance to file in his office, as follows:

1. If incorporated under the laws of this State, a copy of the articles of incorporation or statement of any increase or diminution of the capital stock, certified by the Secretary of State to be a copy of that which is filed in his office;

2. If incorporated under the laws of any other State or country, a copy of the articles of incorporation, if organized or formed under any law requiring articles to be filed, duly certified by the officer having the custody of such articles; or if not so organized, a copy of the law, charter, or deed of settlement under which the organization is made, duly certified by the proper custodian thereof or proved by affidavit to be a copy; also, a certificate, under the hand and seal of the proper officer of such State or country having supervision of insurance business therein, that such corporation or company is organized under the laws of such State or country, with the amount of capital stock or assets required by this Chapter;

3. If not incorporated, a certificate setting forth the nature and character of the business, the location of the

Certain cerbe led in

tilicates to

his office.

Same. principal office, the names of the persons and of those

Same.

May determine name

poration.

composing the association, the amount of actual capital employed or to be employed therein, and the names of all officers and persons by whom the business is or may be managed. The certificate must be verified by the affidavit of the chief officer, Secretary, agent, or manager of the association; and if there is any written articles of agreement or association, a copy thereof must accompany such certificates.

Stats. 1868, p. 324, Sec. 2-modified.

SEC. 608. He must require from every insurance association not formed under the laws of this State, or not incorporated, carrying on the business of insurance by an agent:

1. A certified or verified power of attorney or written authority to such agent;

2. A notice of any change of agents or in the powers of any agent, within ninety days after such change, and a certified copy of any new or further power of attorney or authority before the same is acted under;

3. When by any law, agreement, or other writing, any change is made in respect to any of the particulars set forth in the certificate on file, a certified copy of such law, agreement, or other writing, verified respectively as certificates are required to be verified; also, a notice of such change before the same is acted under.

Stats. 1868, p. 324, Sec. 3-modified.

SEC. 609. The Commissioner must require the name of new cor- under which any corporation hereafter proposes to be formed or organized under the laws of this State for the transaction of insurance business to be submitted to him before the commencement of such business; and he may reject any name or title so submitted when the same is an interference with or too similar to one already appropriated, or likely to mislead the public in any respect; and in such case a name not liable to such objection must be chosen.

Stats. 1868, p. 339, Sec. 11.

to be

made by

SEC. 610. The Commissioner must require from every Statemen corporation or person doing the business of insurance in this State a statement verified as follows:

1. If it is made by a corporation organized under the laws of this State, by the oaths of the President and Secretary, or of the Vice President and Secretary thereof;

2. If made by a foreign insurance company or person, by the oath of the principal executive officer thereof, or by the oath of a duly authorized agent thereof residing in this State;

3. If it is made by an individual or firm, by the oath of such individual or a member of the firm.

Stats. 1868, p. 325, Sec. 5.

insurance companies.

when to bo made.

SEC. 611. The statement mentioned in the preceding Statement, section must exhibit the condition and affairs of every such corporation, person, firm, or individual, on the thirtyfirst day of December then next preceding, and must be published in a daily newspaper in the city where the principal office is located for the period of one week; and must be filed with the Insurance Commissioner, as follows:

1. By persons transacting the business of fire, marine, or inland insurance:

(a) If made by a person residing in or by a company organized under the laws of this State, on or before the first day of February of each year;

(b) If made by a person resident of or by a company organized under the laws of any other State or Territory or District of the United States, on or before the first day of June of each year;

(c) If made by a person resident of or by a company organized under the laws of any country foreign to the United States, on or before the first day of June of each

year.

2. By persons transacting the business of insurance, other than fire, marine, or inland:

(a) If made by a person residing in or by a company organized under the laws of this State, on or before the first day of March of each year;

Form of.

(b) If made by a person resident of or by a company organized under the laws of any other State or Territory or District of the United States, on or before the first day of April of each year;

(c) If made by a person resident of or by a company organized under the laws of any country foreign to the United States, on or before the first day of June of each year.

SEC. 612. Such statement, if made by fire, marine, and inland insurance companies, must show:

First.

The amount of the capital stock of the company.

Second.

The property or assets held by the company, specifying:

1. The value of the real estate held by such company; 2. The amount of cash on hand and deposited in banks to the credit of the company, specifying the same;

3. The amount of cash in the hands of agents and in course of transmission;

4. The amount of loans secured by bonds and mortgages constituting the first loan on real estate on which there is less than one year's interest due or owing;

5. The amount of loans on which interest has not been paid within one year previous to such statement;

6. The amount due the company on which judgments have been obtained;

7. The amount of stocks of this State, of the United States, of any incorporated city of this State, and of any other stocks owned by the company, specifying the amount, number of shares, and par and market value of each kind of stock;

8. The amount of stocks held as collateral security for loans, with the amount loaned on each kind of stock, its par value and market value;

9. The amount of interest due and unpaid;

10. The amount of all other loans made by the com- Same.

pany, specifying the same;

11. The amount of premium notes on hand on which policies are issued;

12. All other property belonging to the company, specifying the same.

Third.

The liabilities of such company, specifying:

1. The amount of losses due and unpaid;

2. The amount of claims for losses resisted by the company;

3. The amount of losses in process of adjustment or in suspense, including all reported or supposed losses;

4. The amount of dividends declared, due, and remaining unpaid;

5. The amount of dividends declared, but not due; 6. The amount of money borrowed and security given for the payment thereof;

7. Gross premiums (without any deduction) received and receivable upon all unexpired fire risks running one year or less from date of policy-reinsurance thereon at fifty per cent;

8. Gross premiums (without any deduction) received and receivable upon all unexpired fire risks running more than one year from date of policy-reinsurance thereon pro rata;

9. Gross premiums (without any deductions) received and receivable upon all unexpired marine and inland navigation risks, except time risks-reinsurance thereon at one hundred per cent;

10. Gross premiums (without any deductions) received and receivable on marine time risks-reinsurance thereon at fifty per cent;

11. Amount reclaimable by the insured on perpetual fire insurance policies, being ninety-five per cent of the premium or deposit received;

12. Reinsurance fund and all other liabilities, except capital, under the life insurance or any other special department;