Fremont journal. [volume] (Fremont, Sandusky County [Ohio]) 1853-1866, 1854-06-16
April II, 1854.
mo. s3.]
AN ACT

L
To regulate the agencies of Insurance COM
panies, not incorporated by the state Of Ohio.
Sec. l. Be it enacted by the General AS.
sembly Of the Stae of Ohio That it shall not
be lawful for any agent or agents Of any in
insurance company incorporated by any other
State than the State Of Ohio, directly or in
directly, TO take risks or transact any busi-
ness of insurance in this Sts,e, without first
producing certificate of authority from the
Auditor of State; and before obtaining such
Gel Itiiicate. such agent or agents shall furnish
the said Auditor with statement, under the
oath Of the President and Secretary of the
company for which he or they may act, which
statement shall show,
lst. The name and the locality Of the
Company.
I'd The amount of the Capital Stock.
Sd. The amont of its capital stock paid
up.
4th. The assets of the company inclu-
ding,
lst The amount of cash on hand and in
the hands of agents or other persons.
I'd. The Real Estate unincumbered.
Sd. The Bonds owned by the Company,
and how they are secured with the rate Of in
terest thereon.
4th, Debts of the Company secured by
mortgage.
5th. Debts otherwise secured
9th. Debts for premiums.
7th. All other sureties.
5th. The amount of liabilities due or moi
due to banks or other creditors, by the com
pany.
9th. Losses adjusted and due.
7th. Losses adjusted and not due.
9Th. Losses unadjusted.
9th. Lcsses in suspense waiting for fur
ther proof.
10th. All other claims against the Com
pany.
llth. The greatest amount insured in an
one risk
l2th. The greatest amount allowed b,
the rules of the Company to be insured ii
any one city, town or village.
18th. The greatest amount allowed to b.
insured in any one block
14th. The act Of incorporation Of sue
company.
Which statement shall be filed in the oflic
: of said Auditor, together with a written in
strument under the seal of the company, sgr
= ed by the President and Secretary. author
izing such agent to acknowledge service {
process, for and in behalf of such company
consentng that service of process upon sue
agent shall be taken and held to be as vale
, as If served upon the company according t
the laws Of this state, or any other state, an
: waving all claim Of error, by reason of sue
service. And no insurance company, or ager
or agents of any insurance company, lncorpol
ated by any other State, unless such compan
is possessed of at least one hundred thousan
dollars of actual capital, invested in stocks {
at least par value, or in bonds or mortgage
of real estate, with double the amount fo
which the same is mortgaged. And upo
: the filing of the aforesaid statement and in
strument with the Auditor Of State, and fui
; nishing him with satisfactory evidence Of sue
, investment, as aforesaid it shall be the dut
:. OF said Auditor TO issue certificate thereo
with authority to transact business Of insu
ance, to the agent or agents applying for Il
same.
Sec. Q. 1t shall be unlawful for any age
or agents, Of any company Incorporated b
any foreign government other than State {
luis OulOu, W uduooSb oueiuSS VI tdou
t ance in this state. without procuring n ce
: ti6cate of authority from the auditor Of Stat
y such agent or agents having 6rst filed und,
oath, 10 the Office Of said auditor, a statemel
= setting forth the charter or act of incorpor'
: ton of the company, for which he OF the
Q may act, and the matters required to be spec
ilied by the first secti on of this act, and th
; written authority therein mentioned and fnrI
e ished evidence to the satisfaction Of the Al
r ditor Of State, that such company has inyes
( ed IN stocks of some one or more states Of th
Y Union, or of the United States. the amour
0 of one hundred thousand dollars. and tia
7 such stocks are held by citizens Of the Unite
States. And the said agent or agents ofsuc
: company, filing said statement and furnish
!, ing evidence Of investment as aforesaid. sha
5 be entitled to a certificate Of authority ia lik
manner as is provided for in the FIRST section {
this acL