The Cadiz Democratic sentinel. [volume] (Cadiz, Ohio) 1854-1864, 1854-05-24
1881 AN ACT
To regulate the agencies OF Insurance Com.
panies. not Incorporated by the State Of

lSSl NAAN ASA
To reg gulate the agencies Of Insurance Com
panies. not Incorporated by The State 9
Ohio.
SEC. /. Be it enacted BY the Genera
Assembly of the State of Ohio, That it shal
not be lawful for any agent or agents of an,
insurance company. incorporated by an
other STATE than the State of Ohio. directly
or indirectly, to take risks, or transact an,
business of'insurance in this State. withou
first producing y certificate Of ~uthorit,
from the Auditor OF State; and before OBJ
tanning such certificate, such agentor agent
| shall furnish the said Auditor with a state
ment, nndsg the oath of the President o.
Secretary CT the company for which hS O.
they may set. which said statement shal
show,
Ist. Thu name and locality CT the Com
pany. !,
Cd. The amount Of its Capital Stock.
Sd. The amount OF its Capital Stoci
paid UP.
4th. The assets Of the Company iuclu
ding,
lst. The amour. oil Cash on hand and
in the hands Of agents or other persons.
Cd. The Real Estate unincumbered.
3d. The Bonds owned by the Company
and how they are secured, with the rate oI
interest thereon.
4th, Debtato the Company secured by
mortgage. :
9Th. Debts otherwise secured.
9Th. Debts for premiums.
7lh. All other securities.
9th. The amount Of liabilities due OF
not due to Banks or other creditors, by the
Company.
9Th. Losses adjusted and due.
7tl Losses adjusted and not due.
9th. Losses uhadlusted.
9th. Losses IL suspense waiting for fur
ther proof.
10th. All other claims sgainstthe Com
pany.
tlth. The greatest amount insured in
any one risk.
l2th. The greatest amount allowed by
the rules Of the Company to be assured in
any one city, town or village. :.
18th. TIE greatest amount allowed to b.
lnS0red IN any one GlOck.
18th. The act of incorporation OF such
Which statement shall BIZ filed in the Of
fee Of said Audito", together with writ
ten instrument. under the seal of the COM
pany, sigued by the President and Secrc-
Sary, authorizing such agent to acknowledge
'eryice OF process. fo, and ia behalf of such
company, consenling that service Of process
upon such agent shall be taken and held
to be as valid as ii served upon 'he eompa'
ny according to the laws Of this State, or any
other State, and waving all claim Of error,
by reason of such service. And nc insU-
rance company, Of agent os agents Of any
insurance company Incorporated BY any 9th.
er State, unless such compsayis is POSSESSED Of
a, least one hrnded thoursnd dollars Of ac-
tual capital, Invested in stocks Of at least
par value, or in bonds or mortgages Of real
estate, with double the amount loo which the
same is mo-tgsgel. And upon the fling
of the aforesaid statement and instrument,
with the Auditor of State, and furnishing
him with satisfactory evidence Of such in:
Vestmcnt, as aforesaid, it shall be the duty
Of said Auditor to issue certificate thereof
with authority to transact business of insu-
rauce, to the agent or agents applying forthe
same
SEC. z. It shall be unlawful for any a.
yent or agents, OF any company incorpora-
ed by any foreign government other than 4
state Of this Union, to transact any business
'finsurance in this state, without procuring
| certificate Of authority from the auditor Of
State, such agent or agents having first f..
ed under oath, in the Office Of said auditor,
statement setting forth the charter, or act
II incorporation OF the company, for which
ie or they may act. and the matters requi-
ed to be specified by the FIRST section oflhis
ct, and the written authority therein men
iened and furnished evidence to the satisfac.
ion Of the Auditor of Stale, tina, such com
ANY has invested ia stocks Of some one or
iore Of the States Of this Union, or OF the
United States, the amount OF one hundred
housaad dollars, and that such stocks are
eld by citizens of the United States. And
ne said agent or agents Of such company,
ling said statement and furnishing eviden-
es Of investment rs Aforesaid, shall be euti
led to certificate Of authority in like man
er as is provided for in the first section cfI
his act.
SEC. 3. u shall be the du'y Of the agent
r agents, in nieilhrr Of the fJregoin,. Sc clions
lentoned. before taxing any RISKS or trans
citing any business OF insurance in this
tate, TO file in the Office Of the clerk Of the
'urt Of common pleas Of the county in
hich he or they may desire to establish IN
5ency for any such insurance company,
,py Of the statement required to be filed
ith the auditor OF State rs aforesaid. TO-
.ther with thesceEtilicatc OF said auditor
hich shall be carefully preserved, for pub
|: inspection ~ said clerk. a d also to cause
i'd statement and ce.tifcate to be publish
in some newspaper of general circula-
IN is said county, for three successive
seks. 4
SEC. 4. The statement and evidence Of 4
vestment required by this act, shall be
newed semi-annually. in the months OF d
nuary and July in each year; the first {
siement to be made ia The month OF July 4
1t; and the auditor OF Stale on being sat- {
led that the capital. securities and invest |
,nts, remain secure as at first, shall furE Il
renewal osceriiicate, as aforesaid; aud a