Plymouth advertiser. [volume] (Plymouth, Ohio) 1853-1988, 1854-05-20
AN ACT


RANCE COMPANIES, NOT INCORPORA-
TED BY THE STATE OF OHIO.
SEC. l. BE it enaJtcd By the General 1Sscmjly
Of the state Of Ohio,
That 1t shalt not be lawful for any agent or
agents of any insurance company, incorporated
by any other State than the State of Ohio, d.
rectly or indirectly, TO take risks or transact any
business of insurance in this State " ithout first
producing certificate of authority from the
Auditor of State; and before obtaining such
certificate, such agent or agents shall furnish
The said Auditor with statement, under the
oath of the President or Secretary of the COM
pany for which he or they may act, which
statement shall show,
lst The name and locality of the company.
3D. The amount Of the Capital Stock.
Sd. The amount of the Capital stock paid
up.
4th The assets Of the company, including,
lst. The amount Of cash on hand and in the
hands Of agents or other persons
2d. The real estate unncumbered.
Sd The Bonds owned by the Company, and
how they are secured, with the rate Of interest
thereon.
18th Debts TO the Compa secured by mort
gage
Jth. Debts otherwise secured.
9th. Debts for premiums
7lh. Losses adjusted and not due
9Th. The amount Of liabilities due or not due
to Banks or other creditors by the Company.
hth. Losses unadju ted.
9th. Losses in suspense waiting for further
proof.
10Th. All other claims against the Company.
lth. The greatest amount insured in any one
risk.
18th The greatest amount allowed by the
rules Of the Company 10 be insured in any one
city, town or village
18th. The greatest amount allowed TO be in
sured in any one block.
18th. The act of incorporat ion Of such COM
pany.
Which statement shall be filed in the office Of
said Auditor, together with written instrument,
afnder the seal Of the company, signed by the
President and Secretary, authorizing such agent
TO acknowledge service of process, for and in
behalf of such company, consenting that service
Of process upon such agent shall be taken and
held to.be as valid as ifserved upor the company
according to the laws of this State, or any other
State, and waving all claim of error, by reason
of such service. And no insurance company
incorporated by any other States, shall transact
any business of insurance in this State, unless
such company ispossessed of at least enc hundred
Sn0uSanu 0OlhaTS OF dC'ual capilai- invested IN
stocks of at least par value or in bonds OF mortga
ges of real estate, with double the amount fol
which the same is mortgaged. And upon The
filing of the aforesaid It tement and ins nent
with the Auditor of State, and furnish'n. hin
with satisfactory evidence ofsuch investment a,
aforesaid it shall be the duty Of said Auditor Il
issue a certificate thereof, with authority t.
transact business Of insurance, TO the agent O.
agents applying for the same
SEC 1t shall be unlawful for any agent O
agents, ofany company Incorporated by any for
eign government other than State of this Uno
u 10 transact any business of insurance in thi
Is State without procuring certificate of authori,
from the anditor of State such agent or agent
having first filed under oa'h, in the office @
said auditor, statement setting forth the charac
e ter, or act OF incorporation Of the company fl
which he o. they may act, and the matters re
quired to be specified by the first section of tn
ac', and the written authority therein mentione
and furnished eyideuce to the satisfaction of til
auditor Of State, ,'that such company has inves'e
h in stocks Of some one or more the State of tn
= Union, or of the unted States, the amount
one hundred thousand dollars, and that sue
stocks are held by citizens Of the United State
And the said sgent or agents ot such compan
a1 filing said statement and furnishing evidence
II investment las aforesaid, shall be entitled to
certificate of authority in like manner as is pr
I. yidsd for in the first section Of this act.
y "a Sec. q. 1t shall be the duty of the agent
VI agents in either of the foregoing sections me-
tl2nsd, before taking any risk, or irausactil