Litchfield enquirer., 1866-11-01
WHOLE NO. 2146.
PUBLIC ACTS.
PASSED MAY SESSION, lssa
CHAPTER Lxxyrrr.

CHAPTER LxxvIII. 2. .u,Ts-T An Act in addition to An Act eopesrnine Communities and Corporations.s - Be it enacted by the ens.e and Heuss sf Representatives in General Assembly esavsa- ed : r--7 SEQ. !. That in all cases iu which the lavs of any foreign state of tue United States new 1 require or may hereafter require thar insu- l rance companies incorporated by the laws of | other states, shall deposit with some officer or the state. secretaries in trust for or for the
 neneht Of the policy holder of such compsnies
 as prerequisite to such company transset Ing business in such foreign siates the trsas. erer oi this state be and he is hereby author.
 l2ed to receive From any insurance eomnane
 now incorporated or which may hsreaftsr Ss lncol porated. under the laws of this state. ss.
 curitles Of the character and amount rsquireA by the laws of such foreign state, on dspeaia. and in trust for the policy holders eS suek company. ,.' l.. -
 SEC. 2. The treasurer shall hold susA sssur. rites 80 deposited, in trust for the bsneas ee the policy holders in the company dspesiting the same, but any company may be permitted l to collect and receive the interest and dtvi. dends on it's securities so deposited and frem time to time to withdraw such securities oa
 depositing with the said u reasurer other seeu. 1 rites of like character and value,
 SEQ. 5. Whenever any insurance company shall have deposited the requisite securities | in conformity with the laws of the stats of states in which such company is desirous ef transaciing its business, it shall be the duty ! or the treasurer to issue to such eomnany q certificate under seal of such deposit, for sssh state which shall require the same which sss. t'hcate shall state tie items and amount ot e. curietles thus deposited, and that the said treasurer is sa.is6 d that they are of the mas. ket value represented therein, but no seeuri. I ties shall be estimated above the par value ss | the same nor shall any securities % dsposi. ted be withdrawn except as provided ia the l next preceding section, BEG. Whenever any insurance company | which shall have 80 deposited securities vith the treasurer of this state shall desire to rs. llnquish its business, the treasurer shall on application of such company verified by the 1 osth of its president or secretary, give aetise Of such intention in two newspspers priatsa I in the city of New Haven, to be inserted ss least twice week for six months, and sftsf such publication the treasurer, on bsing satts- fled by an examination of tho books of the 1 company and of its officer under oath, that Ar
 its debts and liabilities under sll its contracts or agreements are paid or extinguished. shall deliver up to said company the securitiss hslA by him belonging to such company. ..I.,
 Sec. 5. An examination shall Do anaualls made by the treasurer of the securities hsl1 by him in trust as aforesaid, from each iasur. ance company, and in case it shall appear sA any time that the securities deposited by any company amount to less than the sum requir. ed for the purposes for which such deposit was made, the treasurer shall notify the said company thereof, and unless the deGcieney IS made up within thirty days after sueh nS- tics it shall be the duty of the treasurer ta countermaud all the certificates he may have issued to said company under the third sss. ton of this act and to give notice thsrssf te the officers of the several states to whom said ] certificates may have been transmitted, end said treasurer shall also publish said neties in one ne Hspaper printed in the city ef Hart. ford and in one newspaper printed in the city of New Haven for three weeks successiveiy.
 l Sec. 6. Each Insurance company ia tAis state, depositing securities with the trsasuree in this state, in pursuance of this act, shall pay to said officer the sum of twenty-five del. lars annually, and the same shall be in lieU of all fees for services required from him un. der this act, except in cases where to enable the said treasurer to comply with the provi-
 sions of this act, he shall be required to make examination and valuation out of his office fer each of which such special examinations and appraisals, he snail be paid by the company ia whose behalf he service is performed the d. ditional sum of ten dollars and his actual tray. cling expenses. and the same shall be in lieu of all other fees pertaining to such special sx. animation and appraisal.
 SEC. z. This act shall take effect from and after its passage. rs .g.'t,
 Approved, June 30, 1866. yt.r