The Perrysburg journal. [volume] (Perrysburg, Ohio) 1853-1861, 1856-06-14
April 7lh, 1886.

Speaker House Representatives.
THOS. IL. FORD,
President of the Senate,
April 7th, 1886.
No. 73l AN ACT
To regulate Insurance Companies, not incorpo.
rated by the State Of Ohio.
SEcrroN l. Be il enacted Jv The Geaaral As
ssnbly Of the STATE of Ohio That il shall not BE-
lawful tor any agent or agents Of any insurance
company incorporated BY any other State than
The State of Ohio, directly or Indirectly, TO take
risks, or transact any business of insurance in
tins State, without such company has first OBJ,
tanned certificate ofauthuriW from the Audi
tor of State and before obtaining such cerlf-
cate, such ins rance company shall furnish tie
sud Auditor with a statement, under the oath
OF the president or secretary Of the tompuny,
which statement shall show,
Flrst-The name and locality of the compa-
ny:
Second-The amount of its capital stock
lhiru-Ihe amount OF It's capital stock paid
up;
Fourth-,The assets of the company, includ.
! ing-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 own
ed by the company, and how they are secured
| with the rate of interests thereon lth debts
to the company, secured by mortgage 9th
debts otherwise secured 9th, debts for premi-
ums 9TH, all other securetes.
! Fitth-The amount of liabilities due or not
due to banks or other creditors, by the compa-
ny:
| Sixth--Losses adjusted and due;
Sevenh--Losses adjusted aud not due:
Elghth--LOsses unadiusted
Ninth, Losses in suspense waiting for further
proof;
Tenth-All other claims against the compa-
ny;
EIeventh--Thc greatest amount insured in any
TweInh-The greatest amount allowed by
the rutes to be insured in any one city, town or
village
Thineentll--The greatest amount allowed in
anv one block
FourtcenIh-The amount of its capital or
earnings deposited, or required to BE- deposited
III any other Slate or States, as security for loss
cs therein, naming them, with the amount re-
qured in each, and whether such COMPANY has
complied with such requirements, or takes risks
or transacls any bushes of insurance in such
State or States;
Flftcrnrh--Ihe act OF incorporation OF such
company, which statement shall be fled in the
office of said Auditor, together with written
instrument duly signed and scaled authorizing
any agent or agents OF such company in this
State 10 acknowledge service OF process for and
in behalf Of such company, conscnting that ser
vice OF process means or final, upon any such
agent or agents, shall be taken and held TO as
valid as II served upon the company according
to the laws OF this or any other State. and waiv-
ing oil claim or right Of error, by reason Of such
acknowedSf Sfnenl OF service and no insurance
company or agent or agents of any insurance
company incorporated by any other State shall
transact business Of insurance in this State un-
less such company is possessed of al least one
hnndred thousand dollars in value of actual ca
ital, invested in stocks, or in bonds or nortgag
cs OF zeal estate worth double the amount f0l
which the same is mortgaged and upon the
filing OF the aforesaid statement and nstrumcn
vita the Auditor of State, and furnishing him
with satisfactory evidence of such investme
as aforesaid, it shall be the duty of said Audit
orto issue certificate thereof, with authorit,
to transact business of insurance TO said com
: pany for its agent or agents.
Section 2. 1t shall be unlawful for any unin
| corporated company or association, partnership
l firm or individual, or any member or agent o
, agents thereof; or for any agent or agents O.
any company incorporated by any foreign gov
eminent other than a State of this Union tc
5 transact any business of insurance in this State
1 without procuring certificate of authority from
e the Auditor of State, such company, associa
tion, partnership, firm or individual or an,
I agent or agents thereof, having first filed unde
oath, in the office of said Auditor, state
h ment setting forth the charter, or act of incor
| poraton of any and every such incorporated
e company, and the bylaws, co-partnership
, agreements, articles of association of any an,
= such unincorporated company, association
e partnership or firm, and the name and resi-
Y dence OF such individual, and the names ant
residences of the members of every such part
nership or firm, and the matters required TO b
specified by the first section of this act, and tn,
. written authority therein mentioned, and fur
nished evidence to the satisfaction ofthc audito
q ofState that such company has invested in stock
n OF some one or more of the States Of this Union
or of the United States, the amount of one hun
dred thousand dollars, and that such stocks ar
> held by citizens Of the United States or il
: bonds or mortgages of real estate situate in th
. United States fully securing the amount 70
which the same is mortgaged, or bonds of cite
! OF the United States, the aggregate market val
d ue of the investment of the company. in vbicl
e shall not be less than one hundred thousan,
u dollars and such incorporated company. o
, unincorporated company, association, partner
II ship, firm or individual, any agent or agent
thereof, ming said statement and furnishn
: evidences OF investment as aforesaid shall b
!, entitled to certificate of authority for sue
- body or individual, in like manner as is provide
I Tor IN the first section of this act
u SEcrloS 3. Ifany such insurance company
y association, partnership, firm or individual. a
. aforesaid, or their agen. or agents, having file
its, or their, statements and evidences of invest
c mcnts aforesaid, and conformed to the forego
y ing requirements shall have on deposit in an
= other State Or Territory, or elsewhere than il
= this State any portion of its capital or earning
T. as guarantee fund for the exclusive benefit Q
II security of persons insured in such State Terri
tory or other place, it shall be the duty of III
Auditor OF State TO withhold from such bod
Y or individual, so alternating any such portion q
Z their capital and resources, the certificate an
I, authority hereinbefore provided for until sue
ID body or individual shall file with the Audito
O. oiState, statement duly verified by the oath q
affirmation of the President or Secretary of sue