The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1867-05-23
Published April 20, 1871
CHAPTER 15S-GENFRAI

AN ACT to regulate insurance companies organized
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
follows:
Section /. All companies transacting the bust
ness OF insurance in this state at the date of the
passage of this act whether such companies are or
ganiZed under special charters granted for that
pose 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, report
sworn to by the president and secretary of each
company, which shall show:
First, The name and location of the company
Second. The act under which the same was or.
gained
Third. The amount of the capital stock
Fourth. The amount OF capital stock paid.
Fifth. The assets of such company, including,
lst, real estate unincumbered; I'd, amount of loans
on bond and mortgage; Sd, amount of loans on
stocks and bonds collateras giving the particu.
lar description OF the stocks and bonds; 4th, the
amount invested in stocks and bonds, describing
each class separately; 9th, claims due such compa
ny otherwise secured 9th, cash on hand in banks
subject to be drawn at sight; 18th, cash in hands oil
agents or due the company; Sth, premium notes
held by such company on policies in force 9th, val
ne OF all property owned by the company other than
as above described.
Sixth. Liabilities of the company, including, LIST
losses adjusted and due; 3D. losses adjusted and
not due; 3D., losses not adjusted, and awaiting fur
Their proof; 4th, the amount of all other claims
against the company. .
Seventh The income of the company for the
year next preceding the time of making the report
LIST, amount received for premiums I'd, amount OF
premium notes received; Sd, the amount ofinterest
received 9TH, the amount received from all other
sources; 5th the amount of cash received for in
surance in the state OF Wisconsin.
Eighth. The expenditures of the company for the
year next proceeding the time oil making the report
including. LIST, the amount of losses paid I'd, the
amount vi dividends paid Sd, amount paid for sal
aries to officers 4th, amount paid for salaries to
agents; 9Th, amount paid for internal revenue tax
es 9th, amount paid for other taxes; 9TH, amount
paid for all other purposes.
Ninth. Miscellaneous items, including, 1st num-
Der OF policies issued during the year next proceed
ing the making of the report; 3D. the amount Of
risk thereon; Sd, the whole number of policies in
force: 9TH, the amount of risk thereon 9Th, the
number of policies cancelled during the year next
preceding the making Of the report 9th, the
amount OF risk thereon.
Sec. q All joint stock insurance companies that
shall he organized after the passage of this act SHALL
before transacting any business, make statement,
swim " oy EIS PIeslueic anu secretary Ol SuCh
company, and file the same in the office OF the secre-
tary 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 COMPANY
Sixth. The names of the stockholders of the com.
pany, and the amount of stock owned by each.
And shall thereafter annually make and file reports
such as are provided III the first section of this act
and all mutual insurance companies organized after
the passage OF this act SHALL before transacting any
business, make ana HE IN the once OF the secretary
OF STATE statement, sworn to as above provided,
which shall show that such company has in all re-
spects complied with the provisions of chapter sew
enxF-Dwo Of the revised statutes.
see. 3. The annual report provided for by sec
tions one and two of this act shall include all the
transactions of each company up to and including
the 9lst day of December preceding the date of
such report
sec. L. 1t shall be (the) duty of the secretary of
state to provide and furnish to each company de-
handing the same, such blanks as will enable each
company to make the report provided for in this
act and he shall furnish each company with a certi-
fed copy of the report filed in his office as hereinbe-
fore provided, which report such company snail
cause to be published in the state paper and in one
paper printed in the county in which the company
is located, daily for week; and if no daily paper
shall be printed in the county in which such cOmpa
ny located, may be organized after the passage
of this act, then such report shall be printed in
weekly paper 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 treasury per cent the cash receipts OF
such company from all sources in the state of Wis
consln for the year preceding the making of the
nua report. hereinbefore provided which sum
shall be paid to the state at the time such
report Is filed with the secretary, for which
paid the state treasurer shall execute duplicate
ceipts.
Sec. 6. The payment of the sum provided in the
fifth section of this (act shall be in lieu of all taxes
for any purpose authorized by the laws Of this state
and the receipt OF the state treasurer in the posses
sion of the officers of any insurance company, shall
operate as Incense to such company to transact the
business OF insurance until the last day of January
next succeeding the payment Of the sum named in
such receipt.
Sec. I. The property of all insurance companies
now organized, or which may be hereafter organized
in this stale, shall be exempt from taxation for all
purposes.