Litchfield enquirer., 1862-08-14
CHAPTER xLvI. An Act in relation to Foreign Insurance Con-

panes.
 Be t enacted by the Senate and House of Rep rsssntatiUes in General Assembly conpened:
 SEC. l. It shall not be lawful for any insur- ance company or association incorporated by or assoclated under the laws or any foreign govern. ment, to take any risk or transact any business Ofinsurance within this State, unless said compa- ny or association is possessed of at least one hundred and fifty thousand dollars, invested in the public stocks or bonds of this State, or of the United States, and not without first obtain. ing license from the comptroller of public ac- counts of this State.
 SEC. Before said license shall be issued the company or association applying for the same shall ile with said comptroller certified copy of the charter, act of of incorporation, or article of association Of such company or association and also deposit with said comptroller twenty thousand dollars invested in the stocks or bonds of this State, or of the United States, which shall be held by said comptroller in trust for the benefit and security of the policy holders, citi. sens of this State 5 -a' :. r 7.-.' .'tIE' SDc. 8. Said deposit of twenty thousand dol lars in stocks or bonds may be withdrawn afterff- teen months notice in writing to said comptrol Ter. that they have ceased to carry on business In this State and that and that there are no out standing or unpaid policies holden by citizens of this State and in case of the insolvency of any such company or association deposit so made as aforesaid shall be applied, pro rata to- wards the payment of all claims duly authentica- ted against such company or association alike ss to losses and premiums on risks unexpred on policies issued in this State such company or association being deemed irsolvent upon tail ure to pay undisputed losses on property in this State or for ninety days after final iudg. ment in any court in this State which court shall order the public sale of said stocks or bonds by the comptroller and distribution made of the avails. And no policy issued to any person or persons in the State, by any such company or association shall be deemed or held to be void. or in any manner invalidated by the occurrence ol hostilities between the government of the united States and the government under the iaws of which such company or association is ii . corporated or associated.
 :. SEo. f. Every such company or association sna.' a,so appoint, in writing some person cit. .aSu ol .hls otate, as their attorney, with full power 70 accept the service of legal process in ali suits before any court in this State for anv liability incurred by such company or associa. uon ih thus State; aud said writing must do. clare that said service of legal process shall he o'no.g OF such company or association, ard waivlng all claim of error by reason of sncb cor vice; Which writing shall be filed in inc he of3;co of the comptroller of public accounts. '0 S'
 SEc. 5. Every agent, acting for any such company or association as aforesaid, shall nnh- fish his commission or power granted him bv said company or association, in at least one newspaper published in this State for the term of at least one calendar month.
 SEC. 6. Any person who shall deliver any policy of insurance. or renewal of any policy of insurance or collect any premium of insurance or in any way transact any business of ofinsurance on behalf of any such company or association as aforesaid, without such license as aforesaid, shall be liable to penalty of one hundred dol. tsfs Tor each offence with costs of prosecution, e De recovered in the name of the treasurer, by aseaon on this statute; one half of said penalty snaa be paid to the person informing, and one this State. IVY V SEc. q All acts or parts of acts inconsistent herewith are hereby repealed.
 Approved, July 9ih, 1862