Green-Mountain freeman. [volume] (Montpelier, Vt.) 1844-1884, 1852-12-16

No 44-An Act relating to the grand list.
ID is hereby enacted By the General assembly Of
the State Of Vermont as (oHows:
SEC. |. The listers in the several towns in
this state may, in their discretion, omit to sci
in the grand list of their respective towns, the
polls of such persons as are extremely poor, and
such persons as will in their Judgment be mos
likely to leave town before a tax could be col
lected
SEC. 2. This act shall take effect from its
passage.
Approved, November 9, 1852.
No. 4j.-An Act relating to insurance ON hcaltl
by foreign companies,
IL is hereby enacted By the General Assembly o.
the State Of Vermont, as foholcs:
SEC. |. No health insurance company, un-
less incorporated by the legislature Of this
state, shall make any contract of health insur
ance within this state, until such company
shall have complied with the provisions of this
act.
Sec. Q. Every such insurance company shall
by written power Of attorney appoint som(
citizen of this state, resident therein, its attOr-
ney with power and authority to accept service
Of all lawful processes against such com
pany in this state, and to cause an appearance
to be entered in any action, in like manner as
if such company had existed and been duly ser
we'd with process within this state And SER
vice of process upon such attorney shall be
deemed to be sufficient service upon his princi-
pals
SEC. 8. A copy of such power of attorney
duly certified and authenticated, shall be filed
with the secretary of state of this state, and
copies thereof, duly certified by said secretary
shall be received in evidence in all courts il
this state.
SEC 4. If any such attorney shall die Or re
sign, or be removed it shall be the duty o
such company to make a new appointment as
of state, as before prescribed; SO that at al
times, and while any liability remains out
standing on such insurance, there shall be with
in this state an attorney authorized as aforesaid
And no such power Of attorney shall be revoked
until like power shall have been given to SOM
competent person, and copy thereof fled a
aforesaid.
Sec. 5. Every such attorney, before any in
surance shall be made ON the health of any per
son in this state, or any contract for insuranc
shall be entered into with any party resident i
this state, shall deposit with the secretary c
Y
such company whose attorney he is, and state
mcnt signed and sworn to by majority of tn
directors of such company, specifying tn
amount Of its capital, and all its assets, Stain
the manner Of its investment particularizin
each item ofinyestment, and the amount invest
ed in each kind or mode of Investment. An
said attorney shall annually, in the month
October, make a return to the said secretary
state, of the state and condition of the af'lirs
the company he represents, made up to som
time between the first Of january and the fir
of July in each year, specifying the name an
location of such company, the number Of persor
insured by existing policies, the amount of ii
assets of the company, and how the same al
invested, the amount due from the company ll
losses, the amount OF all expenses the past yea
including commissions paid to agents, IL
amount of all other claims against such comp
ny; which return shall be signed and sworn
by majority Of the directors of said company
: PrOuded that the deposit in the Office of sa
secretary of state, in the month af October
= each year, by the attorney of any such compar
established without the limits of the Unite
States, Of copy of the last annual return al
exhibit made to its members, verified by ii
oaths of majority Of the nircctors, shall be
sufficient substitute for the return hcreinbolor
named.
SBc. G. No person shall be allowed to a
as agent for any health insurance company, n
) incorporated in this state, until such compar
shall have deposited with the treasurer Of tn
state the sum of ten thousand dollars, in none
: public stocks Of the United States, or the stoc
/ Of any Of the states Of the Union, which a
above par, or in bonds and mortgages on uni
l numbered real estate within this state, al
worth at least fifty per cent, more than ii
i amount Of the mortgage thereon, and the pres
dent or agent OF every such company shall a
mex to every mortgage his affidavit, that sa
mortgage was taken in good faith for mont
loaned by the company which he represents,
the amount therein named, and that no part
J it has since been returned, and that he has re
son to believe, and does believe, that the prem
=. scs thereby mortgaged are worth at least I'll
y per cent more than the amount Of the mortga
thereon; and the treasurer shall take such mt
= sures and prescribe such regulations for ascl
ii tanning the title and value Of such real esta
II and the value of such mortgage security, as
may deem necessary.
} SEC. 7. The treasurer shall hold said mon
+ stocks, bonds, and mortgages, as security
IS policy holders in said companies, but shall,
le long as any company 50 depositing shall C,
p tinue solvent, and shall comply with all I
laws of this state applicable to such compar
: permit such company to collect the interests
Oh dividends on its stocks or mortgages SO dep
e. tied, and from time to time to Withdraw any
. such securities, on deposting with the treas
q er other like securities, stocks, or mortgag
the par value of which shall be equal to the
OF value of such as may be witdrawn : each mt
gage so substituted, to be subject to the reqt
is ments mentioned in the preceding section.
SEC g. The sum or securities, 80 deposi
with the treasurer, shall not be withdrawn
long as said company shall continue to eff
ty iusurances, or renewals Of policies, within
ne state nor until all its debts and liabilities of
cry kind are paid and oxtinguished that are d
Of or may become due, upon any contract or agl
ment made with any citizen of this state ;
lis the said companies shall pay all reasona
u charges of the treasurer and secretary OF st
y in complying with the duties prescribed in
he ACT