Prescott journal. [volume] (Prescott, Wis.) 1861-1871, 1867-05-11
Published April 20. 1861
On pTER 15o-GrNrrAI A.

GHARlEh I0o-dEhERAL' a.... q FE
AN ACT to regulate insurance companies or
ganized under laws enacted by the legislature
Of the state of Wisconsin.
The people of the state Of Wisconsin, repre-
sented in senate and assembly, do enact as fol-
lows m ---r...
Section L. All companies transacting the bust
ness of insurance in this state at the date of the
passage Of this ect, whether such companies are
organized under special charters granted for that
purpose by the state, or under the general laws
thereof, shall annually, in the month of January,
make and file in the office of the secretary Of state,
3 report sworn to by the president and secretary
of each company, which shall show
= First aTBe name and location of the company.
Second. The act under which the same was
organized.
T. ird. The amount of capital stock.
Fourth. The amount Of capital stock paid.
Fifth. The assets of such company, including,
list. Real estate unineumbered I'd. Amount
of loans on bond and mortgage; 81. Amount Of
loans on stocks and bonds as cOllaterals, giving
the particular description of the stocks and bonds;
4th. The amount invested in stocks and bonds,
describing each class separately; 9Th. Claims
due such company otherwise secured; 9th. Cash
on hand in banks subject to be drawn az sight
9TH. Cash in hands of agents, or due the com
pany; Sth. Premium notes held by such com
pany on policies in force; 9th. Value of all
property owned by the company other than as
above described.
sixth. Liabilities of the company, including,
1st Losses adjusted and due; "a. Losses ad-
justed and not due; Sd. Losses not adjusted,
and awaiting further proof; 4th. The amount
Of all other claims against the company.
Seventh. The income of the company for the
wear next preceding the time of making the re-
poit LIST. Amount received for pi emiums; I'd.
Amount of premium notes received; Sd. The
amount OF interest received, 4th The amount
al kkaru h.
of cash received for insurance in the state of
Wisconsin.
Eighth. The expenditures of the company for
the year next preceding the time of making the
report, including, LIST. The amount of losses paid;
"a The amount of dividends paid; Sd. Amount
paid for salaries TO officers; 4th. Amount paid
for saariis to agents; 5th. Amount paid for in
ternal revenue taxes; 9th. Amount paid for
other taxes; 9TH. Amount paid for oil other
purposes.
Ninth. Miscellaneous items, including, 1st
Number of policies issued during the year next
preceding the making of the report, I'd. The
amount of risk thereon; Sd. The whole number
Of policies in force; 4th. The amount of risk
thereon; 5th. The number Of policies Cancelled
during the ear next preceding the making the
report; 9th. The amount of risk thereon
Sec. 2. All joint stock insurance companies
that shall be organized after the passage of this
act shall, before transacting any business, make
a statement, sworn to by the president and sec
rotary of such company, and file the same in the
Office of the secretary Of state, which shall show
First. The name and location of the company.
Second. The act under which such company
has been organized.
Third. The amount of capital stock.
Fourth. The amount of capital paid.
Fifth. The names Of the officers Of The COM
pany.
the company, and the amount of stock owned
by each.
And shall thereafter annually make and file
reports sreh al are provided in the first section
of this act and all mutual insurance companies
organized after the passage of this act shall, be
fsre tfansacting any business make and file in
the Office of the secretary CT state statement,
sworn to as above provided, which shall show
that such company has in all respects complied
with the provisions of chapter seyenty-two of
the revised statutes.
Sec. g. The annual report provided for by se--
items one and two of this act, shall include all
the Transactions of each company up TO and in
Guiding the 31st day of December next preceding
the date of such report. aE
Sec A. 1t shall be ltheI duty of the secretary
of state TO provide and furnish to each company
demanding the same, such blanks as will enable
each onpany to make the report provided for
in this act, aud he shall furnish each company
with certified copy OF the report filed in his Of
fce as hereinbefore Or divided, which report such
company shall cause to be published in the state
paper, and IN one paper published IN the county
in which the company is located, daily for one
week and if no daily paper shall be printed liz
the county in which such company is located or
may Be organized after the passage Of this act,
then such report shall be printed in weekly pa
per for two weeks.
Sec. 5. All Insurance. companies organized in
this state under special charters granted for that
purpose, or under general laws, shall pay into
the state reasury one per cent. on the cash re-
eeipts of such company from all sources in the
state of Wisconsin, for the year preceding the
making Of th annual report, as hereinbefore pro-
vided which sum shall be paid TO the state treas
urer at the time such report is filed With the Sec
Rotary, for which sum so paid the state treasur-
er shall execute duplicate receipts.
Sec. 6. The pay ent of the sum provided in
the fifth section Of this TACT, shall be in lieu of
all taxes for any purpose authorized by the laws
of this state, and the receipt of the state treas
urer in the possession of the officers of any in
suranee company, shall operate as "a license to
such company to transact the business of insur
anee until the last day Of January next sue
eeediDg the payment of the sum named in such
receipt. go 7st,-.f ...Q -Hfa
MES now organized, or which may be hereafter
organized IN this state. shall be exempt from
Ia Ration for an purposes.
See! s. The officers of any insurance company
organized under any law of this state, who shall
willfully neglect or refuse to comply with the
provisions OF this act, shall be deemed guilty of
a misdemesnor, and upon conviction thereof shall
be fined in any sum lot less than $50 nor more
than 5000. -
See. 9. All acts and parts Of acts inconsistent
with the provisions Of this act, are hereby re-
pealed. g. go
Sec. 10. This act shall take effect and be in
fercs from and after its passage and publication.
Approved April IL, 1867. -fTa ~
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