The Tipton advertiser. [volume] (Tipton, Cedar Co., Iowa) 1856-1962, 1868-11-26
not terminated .

Ivtecnth-Each accident insurance
company, or cor,pafty insuring against
accidents In this State, shall keep reg.
lister nj tickets sold by Its officers or
ayeGts, which register shall show the
name and residence OF the person tusOS-
Cd, the amount of such insuranos, ths
date OF Of such ticket and the time
the same will DC and remain In force,
aud it shall be the duty Of every such
company to file In the office Of tho Au-
dttor OF State, in January In e1NyeAr,
. report, sworn to by the Pr0ofdent OF
4 Secretary Of the company, showing the,
above items Of the business Of sucn com.
pany during the preceding ysas, md
the Auditor Of State shall withhold Tho
| certificate Of authority from any suchs
company neglecting or failing to comply
with the provisions Ut this section.
I" Sec. 81. The Auditor Of State Is here,
by authorized aud empowered toaddress
any inquiries tn any insurance company
, in relation to its doing and condition,
or any other matter connected with It's
transactions, which he may deem nec-.
essary for the public good, or for prop
er discharge OF his duties, and 1t shall be-
THE duty OF any company SO addressed
to promptly reply in writing thereto.
Sec. -. The statement of any cOmpG-.
ny, the capital of which Is composed IN
whole, or in part, of notes, shall, in aadt-
amosNif n notes originally forming the,
capital, aud also wha. proportion vi said
notes Is stiil held by such company and
considered capital. 81.
Sec. %. II shall not be lawful for any
Insurance. company, association. or part
nershlp, organized or associated for any
OF the purposes specified In this act, in
~ ,tSrsa tail hx,.
laws OF any other state Of the United
States, or any foreign government, di.
rectly or indirectly, to take risks, Or
transact any business or Insurance In
this State, unless pUssessed Of one hun
dred thousand dollars OF actual paid up
capital, exclusive of any assets of any
such company rs shall be deposited In
any other States or Territories for tho
special benefit or security of the insured
therein; aud any such company desiring
to transact any such business as afores
said, by an agent or agents In this State.
shall file with the Auditor of State a
written instrument, duly, signed and
sealed, authorizing any agent or agents
Of such com psny In this State, to ac-'
knowledge service OF process Tor and In
behalf or such company In this State,
coi'senting that such service Of process,
agents, shall be hkehA9d held ~ valid
% If served upon the 4mpany accord
Ing to the laws Of u OF any other
State, aud waiving Oh claim or right Of
efEor, by reason Of 4ch acknowledge
1T or service; and hlso certified copy
oYuleir charter or eti of settlement,
together with u Z nn,ent, under tho
oath the Prssid - Vice President,
or ot " chief of Sbd tI Secretary
Of tl2{ 1ompany Ich they may act
srati9RaA De natlio q company and
the ~ whers lQ the aln6hnt of
its capl0, with 60 Ned statement Of
the facts aud item rs required from
compsss orgghl1Ud under the lawa of
this ssass;n per Section twenty thereof;
also q COPY Of the last annual report, II
any made under any law Of the State
by which such company was incorpora-
ted; and no agent shall be allowed 10
transact business for any company
whose capita. Is Impaired by the NahIli-.
ties ~ stated in section twenty 81 His
act, to the extent Of twenty per ce1t.
thereof, while such deficiency ~sd&I
continue.
Sec. "a. 1t shall not be lawful for any
agent or agents to act for any insurance
company or companies referred to In
this act, directly or indirectly, In taking
risks or transacting business Of insu-
rance III this State without procuring
from the Auditor of State certificate Of
authority stating that such company
has complied with all the requlsitions
Of this act.
Sec .. The statements ard evidences
OF investments required of foreign coIn
pnnies as above, shall be renewcd annu-
ally in such manner and form rs requi-
rpI hxr IN ia pnf nd Saii
direct, with any additional statement of
the amount of the losses incurred or
premium received in this State, during
the preceding period, so long ~ suclf
agency continues. And the said Audi
tor, on being satisfied that the capital,
securities and Investments remain Sc
cure, as hereinbefOre provided, shall
furnish II renewal OF his certificate as
aforesaid.
See. 70. Every insurance company
organized under the laws Of, or doing
business in, this State, shall conform to
ali the provisions Of this act applicable
thereto, on or before the first day Of Jan.
uary, 1869; and when necessary, any ex-
listing company shall change its charter
and by laws so AS to conform hereto, by
a vote of a majority Of its board of direc-
tors, and any President, Secretary. or
otii1i SiiiNti VI etif N'f'Be"S
under the laws OF Iowa, or any officer
or person doing, or attempting to DO,
business in this state FOR any insurance
company organized without this state,
failing to comply with any OF the re-
uurements OF this act, or violating any
OF the provisions thereof, shall be deem
ed guilty of u misdeneanor, aud upon
conviction thereof, shall be fined III q
sum not exceeding one thousand dollars,
and be imprisoned in the county jail for
period not less than thirty days nor
more than six mouths. sn
Sec. y. Every agent of any insurance
company shall, III all advertisements or
snch agency, pablis,, the location OF the
company, giving the name OF tie clty,
town, or village III W hich the company
is located, and the State or governments
under the laws OF which it is organized.'
The term agent or agents used IN the
foregoing sections shall include All ac-
knOwledged agent of surveyor or amy
other person or persons who shalt, IN
any manner, directly or indirectly trans
act or aid in transacting the Insurance.
business of any insurance company not
Incorporated by the laws OF this state.
The provisions Of the foregoing sections
relative to foreign companies shall apply
to all such companies, partnership assO-
citation, or individuals, whether incorpo-
rat taI ,r mt /.