Tama County Republican. (Toledo, Tama County, Iowa) 1867-1872, 1868-07-24

PaosHoHs on ~ icNsttwo hundred AL MT
ndividnAi lives fSr an average auaeuNt 81 cav
honsa nd dollars each, ) fis& ef which april.
amonnr Of insurance, and annual ~ miua 4,
zach applicant, shall be fslel Win ne Ausii,ef
of state, and deposit mals With said Auai~.
Or OF an amount equal to three 6fths er ne
whole annual premiums on said nppliessiewS,
either in cash or securities required hy ths
sectioa Of this srs, and On ccmplil
snce with said provisions. the Auditor shall.
issne to said maiual comrAiy The ssrtiAeass
hereafter prescribed.
Sec 4. Il shall not be lawful for any persas
TO act within this State ~ Agent, 81 oxher.
wise, in receiving or procnring AFFILIATIONS
for Insurance., or in any manner 10 AID IN 4
transacting the business Of, insursncs refer
red to in the first section Of this act, cr fer
my company or association incorporated by
OF orsanzed under the laws OF any o4hs
state gd,~rnment, unless such company
possessed ofeae amount of actual capital n
qnired OF crmpanfesin this State, sad tus
same IS invested IN ssacks or treasury nofcs
OF tha taitei States, orof<ke State or lows Of
ofintere4t paying bonds Of the state IN which
said company is located Or where said dspos-
its are male, or on bonds ofand mortgages on
unncambered real estate within the state
where such company is located; but all morts
cages deposited by any company under this
section, shall be upon unincumbered real es.
tate worth double the amount loaned thereon;
which stocks aud securities shall be dositcl
with the Auditor, or Controller, or chief fnan-
cial officer of the State by whose laws said
company is incorporated, or sone other state,
and the Auditor Of this state furnished with
certificate ofsuch Auditor. Controller, or
chief financial officer aforesaid, under his
hand or official seal, that he as such ulitor,
Controller or chief financial officer Of such
state, holds in trust and on deposit, for the
benefit of all the policy holders Of such com
parry, the security before mentioned which
certificate shall embrace the items Of security
so held, that he is satisfied that such securities
are worth one hundred thousand dollars; but
nothing herein contained shall be construed
to invaiidate the agency of any company in
corPorated in anosher state. by reason of such
company having from time to time exchanged
the securities 50 deposited with the Auditor.
Controller. chief financial officer Of t,s
state in which such company is located for
ether stock or securities authorised by this
act, or by reason Of snch company having
drawn its interest and dividends from time 10
time for such stocks and securities
Sec D. Snch company shall also appoint IN
attorney or agent in each county in this state,
IN which the company has IN agency on whom
process OF law can be served; and such COM
pany shall file with the Auditor of state
certified copy ofthe charter or articles of in>
corailon Of said company, and also certified
copy Of tha certificate Of appointment of such
agent or agents, which appointment shall con
time until another agent or attorney be sub.
s;ituted. And in case any such insurance in
corporation shall cease to transact business
in this state according to the laws thereof,
~ ~t1 Nos 4 :. ~ -
for such corporation, shali be deemed to con-
tinue agents for such corpoations for the pu->
pose Of serving process for commencing ac>
tons upon any policy CT liability issued or
contracted whlo such corporation contracted
business in this STATE, and service of such
process for the causes aforesaid upon any
such agent shall be deemed a valid persoual
servioe upon such corpoation, and such COM
pany shall also file statement of its condi
ton and affairs in the affairs in the Office Of
the Auditor OF State, in the same form AMI
manner Sequired for the annual statements
OF similar companies organized un Ter the
| laws Of this state,
Sec g. 1t shall not DO lawful for any agent
to act for any company referred to in the fore
going section directly or Indirectly in taking
risks, collecting premiums, or in any manner
transaeting the business of life insurance in
th1s oiStS "ltucoe ~ SSAi lus lIotu sAkN -AuAlt~
or certificate of authority, stating that the
foregoing requirements have been complied
with and setting forth The name of the attor>
uey for such company, certified copy ol
/ which certificate shall be filel in the county
recorders Office Of the county in which the
agency is to be established an shall be the
authority OF such company AMI agent to com
mence businesf in this state and such CON
pany, or its agents or attorneys shall, annu
ally, in the month January, Or within thirty
days thereafter, fla with tia Aultar OF this
stlts statement of Of its affairs for the preee
ding year, in the same manner an form pro.
yiled Tor similar companies in this state.
Sc. :. It shall be the duty of the president
or vice presideat, and secretary or actuary OF
a majority Of the trustees or directors, of each
company organized under this act, or doing
business in this state, annually on the first
| day of January, or within thirty days there.
! after to prepare under OATH and deposit in
the Office OF the Auditor of state, statement
showing
First Natieaa, Cupid,
1st The name sfthe company and where
located 2nl Til. names ofthe officers. 81
The amount of capital stock. 4th the amount
Of capital stock paid up,
Sacoad-issets
/ 1st The value Of the real estate owned by
such company. 81 The amount Of cash on
hand. 3D. The amount of cash deposited in
| bank, giving name of hank or banks 4th the
amount of cash ia the han Is Of agents, and il
the course of transmission. 9Th. The amount
Of bank stocks, With the name of each bank,
giving par and market value ofths same 9Th
the amount OF stocks ana bonds Of the United
States and all other bonds, giyin. nam,s and
and amounts, with the par aud marke. value
Of each kind 1th the amount of loans seeu-
red by first mortgage on real estate. Sth tho
amoans of all other bonds and loans anil how
secured " tn the rate of interest 9th the
amount of premium notes on policies in foros.
10th the amount of notes given for unpaid
stock anl how secured. 11th the amount Of
asessmentsss unpaid on stock or premium notes
18th the amount of interest due and unpaid.
18th oil other securities,
Thira-Liadiliaes.
1st the amount Of losses due and unna;d
"a the amonnt Of losses adjusted but not due,
I'D the amount Of losses unadjusted, 4th the
amount of claims for losses resisted. 5th The
amount of money or evidences of investment
borrowed 9TH the amount Of dividends un.
paid. lth the amount required to safely re-
insure all outstanding risks, Stn all ether
claims against the company
Fourth-lncome During the Year. 1st. The
amount of net cash premiums received. 2d.
The amount Of premium notes received. Sd.
The amount of Interest received from all sour.
ces. 4th. The amount received from all other
sources.
neutrality-suspicious. During the Year. lst.
The amount paid for losses. ID The amount
OF dividends paid to policy holders, and amount
to stock. holders. 3d. The amount Of commits
sions and salaries paid to agents. 4th. The
amount paid to officers for salaries and other
perquisites. 9th. The amount paid for taxes.