The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1867-05-09

each class; fifth, claims held by the company
secured; sixth, claims for premiums
due and not due; seventh, cash on hand and
in the bank; eighth, cash in the hands ofagents
and other persons; ninth, all securities and
property belonging TO the company other than
above specified.
Fifth. Liabilities of the company, including
first, losses adjusted and due; second, losses
adjusted and not due; third, losses not adjust
ed; fourth, losses in suspense awaiting further
proof; fifth, amount necessary to reinsure all
risks; sixth, amount of all other
claims against the company due and to be-
come due to banks and all other creditors of
the company.
Sixth. The income of the company for the
year Immediately preceding the making of
the statement, including, first, cash received
for premiums second, premium notes receiv-
state of Wisconsin,; fourth, premium notes re-
ceived in the state of Wisconsin fifth, the
amount ofinterest received; sixth, the amount
received from all other sources.
Seventh Expenditures of the company du-
ring the year next preceding the making of
the statement, including, first, the amount
paid for losses; second, the amount paid for
losses in the state of Wisconsin; third, the
amount of dividends paid fourth, the amount
of commissions paid; fifth, the amount of sal
aries paid to agents and officers sixth, the
amount of revenue taxes paid; seventh, the
amount paid for all other purposes.
Eighth Miscellaneous items, including, first,
the market value of the stock of the company:
second, the greatest amount issued in any one
risk or allowed to be insured in any one risk;
third, the whole number of policies in force
fourth, the amount of risk thereon; fifth, the
whole number of policies issued during the
year next preceding the making of the state
ment; sixth, the amount of risks thereon: sew
enth, the number of policies cancelled during
the year next preceding the making of the
statement; eighth, the amount of risks there
on.
Which statement shall be filed in the office
of the secretary of Estate, together with writ.
ten instrument, duly signed and sealed, agree.
ing that any agent or agents OF such company
in the state Of Wisconsin may be served with
process, and authorizing any agent or agents
of such company in the State of Wisconsin tC
acknowledge service Of process for and in be
half Of such company, and consenting that
service Of process, mesne or final, upon any
such agent or agents, or the acknowledgment
of service by such agent, shall be taken and
held as served upon the company, according
to the laws of the state of Wisconsin, or the
laws of the State by which such company NAV
have been chartered and in which such compa
ny is located, and waving all right of error by
reason of such service or acknowledgement OF
service; and no insurance company, or agents
of any insurance company, incorporated by
any Quiet SldlG bIdil lIdlSdcL AMY business OF
insurance in this state, unless such company
is possessed of at least one hundred and fifty
thousand dollars in value of actual capital in
cash. or invested in stock or bonds, or mort.
cages on real estate worth double the amount
for which the same is mortgaged; and upon
filing the aforesaid statement and instrument
with the secretary of state, and furnishing him
With satisfactory evidence of such investment
as aforesaid, it shall be the duty of said secre
tary to issue a certificate thereof, and to Ii
cense the agents OF such company to transact
the business of insurance in this state until the
31st day of January next succeeding the filing
of such statement, if such license shall not fol
good cause be sooner revoked.
Sec. 2. 1t shall be unlawful for any unincor
pOrated company, association or partnership
or any member or agent or agents thereof, OF
for any agent or agents of any company incOr
porated by any foreign government other thar
a state of this Union, to transact any business
of insurance in this State without procuring
certificate of authority from the secretary O.
state. Such company, association or partner
ship, or any agent or agents thereof, having
statement setting forth the charter or act o
incorporation Of every such incorporated com
pany, and the bylaws, copartnership, agree
ments, articles of association OF any and every
such Incorporated company, association o.
partnership, and the names and residences O
the members of every such association or part
nerShip, and the matters required to be speci
written authority therein mentioned anC
having furnished evidence to the satisfaction
Of the secretary of state, that such COMPANY
has invested in stocks in some one or more o
the states of this Union, or the United States
the amount of one hundred and fifty Thousand
dollars, (5150, 600, and that such stocks are
held by citizens of the United States, or il
bonds or mortgages of real estate situate in The
United States, fully securing the amount fol-
which the same is mortgaged; and such incor
porated company or unlncOrpOrated company
association or partnership, or any agent o.
agents thereof, filing said statement and fur
nishing evidence of investment, as aforesaid
shall be entitled to a certificate of authority
for the agents OF such incorporated company
association or partnership, in like manner a.
is provided for in the first section of this act
Sec. 3. 1t shall be the duty Of every such in
surance company, or some agent or agents
! thereof, before taking any risks or transactins
any business of insurance in this state, to fill
in the Office of the clerk of the circuit court O
the county in which il, he or they may desire
to establish an agency for any such insurance
company or individuals, or to transact an,
business of insurance therein, copy of tn,
statement required to be filed with the score
tary of state as aforesaid, together with tn
certified copy of the certificate of said secreta
ry, which shall be carefully preserved for pub
lie inspection by SAID clerk and also said in
surance company, association or partnership
shall cause their statement and certificate t,
be published in the official state paper for tw,
weeks; and such corporation, association o
partnership SHALL before it, he or they or an
agent or agents thereof, shall take any risk o
| transact any business ofinsurance furnish sucl
agent or agents with two copies of such state
ment and secretary's certificate, one of whicl
shall be deposited and kept in the office 0
the proper clerk of the circuit court, in tn
same manner and for the same purpose a
herein before mentioned, and one of whic]
hn InYN inf ha nffi of
to be submitted to any person for examination
who may desire to procure from such agent o
| agents, or other persons, a policy of insuranc
orrenewal thereof, if demanded by him or then
| Sec. 4. The statement and evidence ofinyest
ment required by this act shall be renewed
annually, in the month of January, in eac
year. The first statement may be made at an,
time. The secretary of state, on being salts
fed that the capital, security and investment
OF any company transacting business in thi
state, are equal in amount to that required b
section one of this act, shall issue certificat
therefor and shall issue licenses to the agent
of such company, association or partnership
authorizing them to transact the business {
insurance in this state, as hereinbefore provid
ed. The certified copy of the statement upo
which the same was obtained, shall be filed
kept and published in the same manner and b
governed in all respects by the provisions G
section three of this act pr0Ujded, that a.
certificates of authority or renewals granted [
any such insurance company, or agent or agent
thereof prior TO the passage Of this act in az
cordance with the acts hereinafter renealc(
shall be in full force and effect until January
A. d. 1868, the same as If issued under this aci
Sec. 3. A sum of money equal to three DC
cent upon the gross amount received in th
state of Wisconsin for premiums and intere:
in each year, as shown by the repol
required to be made by sectione one {
this act, shall be paid by each company as a
annual license fee at the time of the issue {
each certificate, or its renewal by the comp.
ny or body receiving it, to be paid to the stat
treasurer, for the privilege of transacting til
business of insurance in this state: prO0idet
that when application is made for license b
any company that shall not have transacte
bushes within this state, the sum of five hur
Idred dollars shall be paid by such company
a license for the first year and provided, ,fsc
theT, that any such insurance company whic
shall have paid its license fee of five hundre
dollars, and shall thereafter have failed t
make the said annual report, may be re-admi
ted, if the secretary ofstate shall deem it proI
er so to do, on making full report, as requii
ed by this act Of all premiums received in thi