The Manitowoc tribune. [volume] (Manitowoc, Wis.) 1866-1878, 1867-05-30

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their statement and certificate to be published In
the official state paper for two weeks AND such
corporation, association partnership SHALL before
ne or thry or sny agent or agents thersofs shall
take any risk or transact ary bueiness of insur-
ance. furnish sucn sgent agents with I've copies
OF such statement and secretarv,s oerti6ear a. On
Of which shall be deposited End Kent in enc ~ a.
| OF the proper clerk of the circuit COURT In che
| same manner aud for the same purpose e hefsip
in tho office OF every such AGENT To he anh.,;etss
| 70 any person for examination who NAV desire Ia
| sons = policy of ipeuranca or ren.,vi st per
| demanded by him or them. "
Sec. 4. The statement ana evidence OF invest
mens required by this act, shall be renewed anuu
| ally, In the month of January, in each year Tia
first statement may be made at any time. The sec
RETRY Of state on being satisned that the capital
| security and investme Dts Of any company trans
acting business in this state are equal in amount
to that required by section Of this act sha ie
sue certifeate thereof, aud shall Issue licenses to
the agents OF such company, association or part
nershp, authorizing theR transact the busiuess
Oh, .,is sn rate, - herein before provided
the same was obtained, thAll be nled, kept a.A
published in the same manner, and be governed 81
All respects oy the provisions Of section three Of
this act Prouded, that al certificates of authority
or renewals granted to any such insurance. compa-
or agent or agents thereof prior to the passage
of this act in accordance with the acts hsreinafter
repealed, shall be in full forc~ aoi en-os uutil
January, A D. 1858, the same - if issued under
this act. srl7-f
Sec. S. sum of money equal to three psr cent.
upon the gross amount received in the state Of
wisconsin Tor premiums and interest In each year,
as shown by the report required be made BY see.
ton OF this act, shall paid BY each COMPANY
as ao annual license fee at the time the issue Of
sch cer'i6cate, its renewal BY the compspv or
ody receiv Dg it, co be paid the state treasurer
u the privilege OF transacting the businss ~ of in
suranee in this state propided. that when appIiea-
n ma a. fort cou ~
not have transacted business within this stete The
sum Ct five hundred doIlars shall be Maid nv snch
company Is license for the first year and pro-
rtded, fuTther, that any such insurance COMPANY
which shall have paid its license fee of i've hun
dred dollars and shall thereafter have failed TO
make tne said annual report, may be rsadmitted,
if the secretary Of state shall 1t proper 90 to
DO, on making full report, uired by this act
of all premiums received in this state ence its AT
report, and paying into the state treasury the three
per ceutum license fee thereon, with an additional
sum of fifty dollars as penalty. llillI ~
Sec. g.. Any life Insurance. company which has
paid the license fee of Eve hundred dollar, aud
shall at any time thereafter determine to With.
draw the agents OF such company from the 9. at-
and discontinue the business of insurance in this
state, except 80 far may be necessary receive
the annual premiums due policies In force in
this state, shall annnally in the month of Janua-
~, make and hle q statement in the Office of the
secretary OF state, sworn to by the president and
secretary OF such company, showing the groes
amount of premiums and interest received In this
state in cash. and shall pay into the treasury
three per centum on such gross receipts and upcn
payment of the amount, the secretary Of state
shau give to such company a license wrich shall
authorize the agent agents thereof to receive
aud Il ansmit the amount due such c mpsny on
policies in in this state until the frat dSv of
January next succeeding such payment.
Sec Z. That copies of all Papers required by
this act to be deposited in the Office Of secreta-
tary of state, certified under the hand of such
secretary, or clerk of any court of record of this
state. with the seal of such court affixed thereto
or any notary public under his proper seal, and
any copy Of any affidavit Of publication in any
newspaper, by this act made necessary. duly certi
I'd by the clerk of any court of reeord probate
judge II this state, authenticated by the real of
sucn court or by eny notary public, with essed by
his proper seal, shall be ceved evidence In all
courts and places, in the same manner and have
the came force and etec. as the original would have
if produced
Sec. s. Nothing in this act shall be so construed
as TO prevent authorized travelling agent of
each company, association partn err hip egally
authorized to tran sact the business of Insurance
IN TINS state, ana holding license from the fecre-
tary of state, from transactng the business of in
surance in any couoty in this ate where eueh
eompanv, association or partnership employing
such agent shall have authorized agent, as pro-
vided in ion three of this act and the sc creea
~ of state may, in his discretion, grant license
to one or more agents of any company, association
or partnershp legally authorized to transact bust
ness as aforesaid authorizing such agent to trans
act the business of iIsurance in two more coun-
ties of this state, specifying in such license the
counties in VIII ch such agent shall be by virtue of
such license, authorized to transact business.
Sec. 9. Whenever the secretary of state shall
become s;sssfied that tue assets of any Insurance.
company, not Incorporated by the state of Wis.,
consii, and transacting business therein pursuant
to tn provisions of this act or any association or
partn Iship described in section two of this act,
have from any cause become reduced to q sum
less than hundred and fifty thousand dollars, it
shall he his duty to imme diateiy the officers
OF such company, assoc alton or partnership with
a notice, requring that the assets of such compa-
ny, association partnership shall be increased to
one hundred and fifty Thousand dollars as by this
act required, within such reasonable time the
secretary of state may designate :; and if such in
surance company, association or partner ship shall
fail within the time designated by the
state to increase the assets, as required in the
tiee served as herenbe ore provided, it sha be the
duty of tie secretary state to
the lie nse issued to the agents of the company,
association or partnership failing to increase the
assets thereof as guired, and shall nstice
Of such revocation to be published in the state pa
per. daily for two weeks, and he shall also cause
notice Of such revocation to be served upon each
OF the agents OF such company, licensed as afore-
said, in such manner as he ehal deem proper and
all agents of any company, association partner
ship after being served with notice of the rsvoca-
tion of their license aforessa1 shall ediate-
ly discontinue the business of Insurance within t. is
state. and shall not in shy way or manner act as
agent agents of the company, ASSOCIATION
partnership the licenses Of which have been
vosed aforee aid prouided, that the secretary
of state in his discr ton, after the licenses OF
the agents of any company shall have been revok-
ed as herein before provided, permit such company
the cunt of the assets thereof the
amount required by this act and whom satisfied
that the assets have been increased, he may,
upon such terms as he may deem juet and proper,
az ain license the agents OF such company, and
|
surance in this state. sssa 8 -sa-a
Sec. 10. Any person violating the provisions of
this act, shall upon convic lon thereof In any
court OF competent jurisdiction, be fined in NOS
less than] one hundred nor more shan ono thou
sand dollars or Imprisoned III the county Jail nos
more than six months, at the diecr elton Of the
court. The penalties imposed by this act shall be
collected in the name of the people, by the attor
general Of the sta the dstrict attorney OF
the county where the effenfe shall have been
committed, on the complaint Of any person sg-
grieved by euch violation, or any other per on;
and one half CT the penal when recovered, shall
be paid into the treasury, for the of the poor
of the county where the ofsnee shall have been
committed aud the other half to the informer
such violation. Violations OF this act shall be
ed by law for the punishment Of offenses Of like
grade. as t- fssz.if4.. slr.ssJ as.l O.
SEC. IL. 1t thall be the duty of the district at
torney of each county in this state, to promptly
pre- secute ali persons who shall In any manner vio
late the provisions of this act and for the purpose
wha do violate the PROVISIONS OF b act 1t shall be
the duty OF the constabIes of the several towns in
this state, and the marehas and chief of police of
ell the villages and cities of this state, immedi-
ateiy report the district attorney of the proper
caunty, the names of all persons violating any of
towns villages and cities; and able such off,
GERS to determine whether the persons acting
surance agents ia this state properly authorized
to ect as such gents, such officers may demand of
any insurance agent exhibition or his license.
and if ths agent when such demand is made, shall
deemed to be acting in violation of the visions
of this act, and shall be prosecuted accordingly;
and exhibiting the license after the commen cement
of the Prose ton, shall not in any manner be TAX
authorizing such agent co tran fact the bust
ness ct ins urance in this state. Every district at
or q or