The Middlebury register. [volume] (Middlebury, Vt.) 1850-1882, 1853-01-26
Concluded next weck.)
Laws Of vo-mont.-session Of 1852.
No 4G.-An act relating 10 insuranc
on lives bv foreign corporatious.

on lives by foreign corporations.
Il as hcyeJy eadctcd, Sc.
See. |. No life insurance company,
unless incorporated by the legislature Of
this state. shall make any contracts of
life insurance within this state, until
such insurance company shall have com
piled with the provisions of this act.
Sec 2 Every such insurance com
pany shall, by written power OF at
torney, appoint some citizen of this state
resident therein. its attorney with power
and authority to accept service of all
lawful processes against such company
in this state, and to cause an appearance
to be entered in any action, in like man
ner. as if such corporation had existed
and been duly served with process with
in this state
See. 5 \ copy Of such power of at
torney, duly certified and authenticated
shall be fled with the secretary of state
of this state, and copies thereof, duly
certified by said secretary, shall be re
ceived in evidence in all courts i'll thi,
stat,.
( Sec. 4. If any such attorney shall
die, or resign, or he removed, it shall be
the duty of such corporation to make Il
new appointment, as aforesaid, and file a
copy with the said secretary as above
prescribed, so that at all times, and
while any liability remains outstanding
on such insurance, there shall be within
this state an attorney authorized as a
forcsa:d. And no such power of aitor
ney shall be revoked until like power
shall have been given to some compe-
tent person, and copy thereof filed as
aforesaid
Sec 5. Service of process upon sucl
attorney shall be deemed to be sufficient
on his principals
Sec. 6. Every such attorney before
any insurance shall be made Oh the life
of any person in this state, or any con
tract for insurance shall be entered int,
with any party resident in this state
shall deposit with the secretary Of THU
state a copy of the charter Of the compa
ny whose attorney he is, and a statement
signed and sworn to by majority of thC
directors of said company, specifying
the amount of its capital and its assets
stating the manner of its investment
designating the amount invested in mort
cages. ana in public or other securities
particularizing each item Of investment
And said attorney shall also annually, il
the month of October, make a return
to the said secretary of the state and
condition Of the affairs of the company
he represents, made up to some time be-
tween the first of January aud the first
of July in each year, in the following
form namely:
FORM OF RETURN FOR FOREIGN LIFE IN
suRANcE COMPANIES.
Name of the company.
Where located.
Amount insured by existing policies.
Present value of existing policies.
Present value to 'the company of flu
ture premiums on these policies
State the name of the person or per
sons who made the calculations in which
the answers to the two preceding state
mcnts were made
Amount Of assets Of the company.
How invested.
Amount due from the company for
losses.
Amount Of all expenses the past year,
including commissions paid to agents.
Amount of other claims against the
company, including dividends unpaid.
Which return shall be signed and
sworn to by majority Of the directors
of said company Prorided, that the
deposit in the office of the treasurer of
this state, in the month Of October in
each year, Of copy of the last annual
return and exhibit made to its members,
verified by the oaths Of a majority of
its directors by the attorney Of any such
company established without the limits
of the United States, shall be sutii-
cient substitute for the return herein re-
quired.
See, 7. No person shall be allowed
TO act as agent for any life insurance
company not Incorporated in this state,
unless the capital stock, and accumula-
ted premiums of said company. shall a.
mount TO one hundred thousand dollars
actually paid in and invested otherwise
than in notes Of stockholders or those of
holders of policies issued by the compa-
ny, nor until such company shall have
deposited with the treasurer Of this state
the sum of City thousand dollars. in
public stocks Of the United States or
tha stonks Of any Of the statcn Of the