The Rutland County herald. [volume] (Rutland, Vt.) 1852-1855, 1853-01-01

" Aety saaa " ~ Ga,oai .is'cnsy y as Sisr q ror
D. NJ he insurance company uas. inscrrsfnes hy mi
eg'a'ue Of oi' state, shall make contracts ,a life ut
anoe w,in tbs state un ssch anran shall hsv
I complied wi,h the r-n,isans cf tti. act
, Esc9 such INSURANCE company siail o, a pi.a ts,u
- " attorney appoi cirn of ls state rcui therein
M enonc with p1vr and authority accept ssn4co Of Al
lawful poco-.s against such rsnl,, IN s slate and 10 ,vs
appearance be- In any ac,ioa Ia like nsun,f n,
such corporation had existed and been duy served ~i occs
within this state.
Authenticated shall be hod w tie secretary of Of tn
slate and copies thereof duly certified by said secretary phai
be received Ia cyidence In al courts in ,hls strts.
J. T. any such attorney shall die rcrign, be fcucy
cd II shall be the duty Of such couortion 10 make n,, am
P'a es hofli ant hle copy with tho said secretary
as above prescribed 30 that at AL TIMES, and amc lsh,
remans outstanding such insurance. there shall be With,
tins state an attorney authorized aforesaid And no sucl
power OF attorney shall be revoked until like power shall hhv,
aforesaid.
s. Service Of process upon such attorney shall be de,ne
to be sufficient on iis principals.
bYcy such attorney before any insurance shall be mad,
on e ne 9 any person in this state any contract Tor nsur
ac s be onofed uto with any party resident this
sa deposit with the secretary Of his state cpy OF the char
Ter at the company whose attorney he nnAa statement signed
ana sworn te by majority ot tie directors said company
SPg le amount Of is capital, ani its stating
ptnler Of lis investments, designating the amount iuso IA
SHl ~ PuoAe 9nd olh9r securities paricullzna
a'u le'h ~ Investment Ana said attorney shall also annual
- IN thr month Of October mike return to the said rresr,
o te state and condition OF the affairs the COMPANY he p
'es nlde mp to same time between the first Of January and
the first Of July IN each year. in the follow ing form namely
roaN % nrrraN rosre> ara iNsrR.Ncr conrt,rrs
,NH!lH Dane OF The company
Amour, insured by existing policies.
Present value orexiHiny policirs
Present yalue 10 the company of future premiums on s,
policies.
State the o the person or persons who made the ,e
alh. ~ "hch ule answers 10 the two preceding statements
.lmoun, ofassc,s Of the company
How invested.
Amount due tnrm tie company for lo,4ea
Anoun' OF fPanses the Ps year. including Commissions
Amount of other claims against the compiny including y
donls unpaid. ~ 7
Which return shall be signed and sworn to BY m,iory of
me directors Of sud lp1ny; Prori that tn depo, in III
once oi the treasurer Of this state month VI october in
Zach year. Of copy OF the las, annu return and exhibit m,de
to ITS mom'cs verified by the ooths majority Of its direct
or by the attorney OF ony such company established without
he nms OF the United States, shall be sufcon substitute
for the return herein required
No person shah be allowed to oct as agent for any life
slrance company not Incorporated in tn state unless the
capital stock, md accumulated premiums Of said nplny sh,
amount 10 one hundred tosi dollars acnay paid and IN
vested Otherwise than IN nltes of stockholders or those Of %
opolcies issued by the COMPANY nor until such comm, nc
s2 have deposited with the treasurer OF this state the sum Of
fifty thousand dolls in public stocks of t ITn,od Sta, nv
the stocks OF any of the states Of tho Unon which are aboyo
o or IN bonds and mogages unincu nboed rc, estat
"n this state and worth al least ny more than the
aMonh o. h' mortgage thereon and the president agent Of
every such company shall every nor his ad,y
l sud mortgage was taken in good faith for money oaaed by
the compiy which he represents the amount therein nane
ana 'at no srt "f has heen since returned and TINT has
reason TO believe and docs bccye that the premises ,hcry
orige1 are worth a. least ily per cent. than
hh' o' te orga theenn and the shall prescribe
7ch regulations Tor Gscerang the title aud vain. o suc
estate rs be may deem necessary.
e Ihe treasurer shall hold snc stocks aud mortgages
security for policy holders in sd companies hut shall 10 lone
a. any company depotpg shall continue solvent and s
comply with all the requisites OF le laws of t state nppicb
% sgeh company permit such company collect the interest or
dividends on It's mortgages stocks Deposited and fon time
20 ic Withdraw any Of such securities depositng with the
treasurer other like securities, stocks orgapr the plr yo
OF which shall be equal the pr value Of irh as ,y bc with
drawni each mortgage substituted al-o accomrie
WI tlt tufsa attn lIupffu ..I Al.
treasurer shall prescribe such regulation. for nc rtnnr tb
e "ni value d The rem estate covered by mortgage as he may
deem necessary
9. The deposited With the treasurer shall ma, h
Withdrawn long SAID conpnhy shall continue 10 efc, in
snr"nces or renewals OF policies within this state m all its
debts ana liabilities Of every kind pd aud extinq1cd t,
are due Iasy heroine dae upon nny contract or aeoni
hde "dh any czen OF tins stne aud ala orcign conpaDo,
'ransactng life insurance in this state shall ply all rrasn,ble
cnrgs for the Of the treasurer and SECRETARY al t
ana andhof IN complying with t duties prescribed for each
in tins act.
10 If any IIfslraneo company shall mako p,,r,nco y,
loresa'd "loat complying with the provisions Of This act the
contract shall be 'ad bot the agent of compauy acting
"lu ui. state respecting the eectng Of policy Of nslr
nor less tan three hundred dolrs for each oc. Aud ann
person shah be deemed an Of such company, who shall
:" ai' proposals for insurance. receive for de-
hHefy policies founded Proposals forwarded from tins state
~ otherwise - procure insur be effected by such s1
aice company Tor persons residing tins nr who shall re-
ctle payment Tor such policies and shall be subject 10 il -
icuons and ls1e 10 the pentes specified in tins nct baf
TIE provisions o ,s section s,ll no, appy Il, an, rorL y .
-en' may reside or have bh place Of business.
~ livery Pisp- hcling IN this for any hf
insurance company not incorporated by e legisatfe u thu
state eiion The irst Monday Ia October every yoar dunq
le conin'nre Of ns agency, make return on oath TO H.
treasurer o the state Of the aAOu InsuTed or po-urod 10 o.
insured Di m M thus state such agent darn ihc ycsr pre-
aelig' and OF a un1unt e prHiHia received and assrs
ienis collected aunnR a said prnd and .ilaii r., d.. ssu
mt pa! 10 sad treasurer tax oi half per cent m the
im oi surb preinlls and hrs.sncils and uo Whole s
ceyed ir poicies ~haieT paid money not o. both
% 9s Hnad 10 Do pelns i7f the purpose. of this setion
- ANY snch agent shal neglect -iirh return.
'na ynei as are required 10 the pFccodng sectan or II b.
~ make ui- aiine hauduieny lseiy hc shall ir eyer
Ach oiete ioriei sun MT exceeding il aad lolin
A Esey such szcnl slaii before making or p.o lring
~ o. A'lfe Ahl r1Wrae 81 surauce ai.asd iyc bond L.
we ur4nnicf o Lua state wlgh moro sufeflr q, b. an
'vad By nm' ~ the Of NJ -. than gc bir.d m t.,Te
hi three uousatd doArs ihQ Glsreioa Of t treasurer
' CONDITIONS 10 mlkc Tie cturs before reouirod end
~ psy the tsa. ~
~ EEey such agent shall exhib IN c3,.ri. lett.re
20 ne Hgn eesignng hs Psrr Di busin- ihe nsie r s
lti nA1eT Hi'lee authority ,e clsupau he rar fs Ia
'en in'FT'raiea And sad company and agent shall sl,
iaFe hd h large type ho at suc loa aH p3
- lea % cl,izes o ils ss t caris p.acsrds and
aloPass sud IN ell adyeaiseeis published i.saed Or e,n
a 10 la slae BY tu hun rclsiug D. tho basaess Il
alci cpHgnuy
/.