Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1868-05-27


notes according 10 the sumo TO them re spective.
ly insured: but no member shall ever be rsouir
cd to pay for any loss more than the whole
amount Of his deposit note OF notes.
Sac. ls. Every insurance company hereafter
organized provided in this act shall. If i. he
a mutual com pany, em5ody the word mutual
N Us tale which shall appear upon ths frat
nsgs OF every policy aud rene val recent ana
svsrv company doing business ~ q cash stock
company shall. upon the face Of ito policies. e1.
we're issued by stock companies.
SEC 20 II shall be the duty Of the mr. ,s,dent
mr. Of the vice president and secretary Of eacb
company organized under this act. or iucorpora.
led under any law Of this State or doing busi-
ness in this State, an1ualiy. on the irss dav Of
January Of eaca year. or within twenty DAYS
thereafter. to prepare under oath, and deposit, in
The once of the Auditor Of State afull true and
omplese state mcnt Of the condition Of sueh .c,,
nsny on the last day Of the moath prseed,n -,
IN which such statement 10 6isd which last st,ts.
meat shall exhibit the following items aud facts
10 the following form. Wis:
FlRss-Ths amount Of the capital stock Of ,he
company.
TnsD-rhe name OF the company and where
located
Fura-The property, or assets held by the
company. specifying,
/. The value as nearly a. may be. Of the real
estate owned by such company
2. The amount OF cash on hand and deno.ited
in banks to the credit OF the company, ana in
what bank the same IS deposited.
2 Tie amount of cash in the hand, NJ a,a,.s
! and IN the course of transmission
4. The amount of loans secured BY frat mort.
| gage on real estate with the rate OF interest
thereon.
/ NTH he rat.. ~.
| 6. The amount due the company ON which
| Judgment has been obtained.
T. The amount of stocks Of this State Of IN.
'nited States, OF any incorporated city Of this
| state. and of any other stocks owned nv the
| company, specifying the amount, number Of
shares, and par and market value Of each Kind Of
stock.
| s. The amount of stock held BY such Gamma
ny Us collateral security for leans, with smeunt
loaned in each kind Of stock. its par and market
| value.
3. The amount of assessments ON .to.h ana
premium notes. paid and unpaid.
10. The amount Of intersst actually due spA
unpaid.
il. All other securities and their value.
H. The amount for which premium notes
have been given on which policies have been Il.
| sued.
snru-The liabilities of such company, spsei.
fying:
/. The losses adjusted and due.
Q. Losses adjusted and not due.
8. Losses unsdjusted.
l. Losses in suspense and the cause thereof.
S. Losses resisted and in litigation
.. Dividends. either In scrip or cash. speci-
fyiug amount Of each, declared but a a. l.e
7. Dividends declared and due
8. The amount required to re insure all out.
standing risks ON the basis Of 20 per can't Of tha
premium on ell uns xpired risks.
l The amount due bnnka or otba. ..oA:a~s>
TO- The amount Of money borrowed and ths
security therefor,
II. All other claims against the compsnv
SsvsSrH-Ths income Of the company during
the previous year, specifying:
l. The amount received for pre- mium. sxelu.
sive Of premium notes.
2. The amount Of premium notes received.
3. The amount received for interest.
4. The amount received for assessmest or
calls on stock notes, or premium notes.
5. The amount received from oil other
sources.
Eicarn The expenditures during the proceed.
ing year, specifying:
/. The amount Of losses paid duripr said
term, stating how much the same sccrusd prior.
and how much subsequent to the date or the
preceding statement and the amount Of which
osses were estimated in such preceding state
ment.
.. The amount paid for dividends
3. The amount paid for commissions, sala-
RES. expenses, and other charges OF agents.
| clerks and other employees.
L. The amount paid for salaries. fees. and
| ether charges of officers and directors
5. The amount paid for local. State, nation
N. internal revenue and other taxes and duties
| s. The amount paid for all other expenses
expenditures. iucIuding printing, stationery,
rents, furniture, &c.
NvrH-The largest amount insured in any
one risk.
Txsrm-The amount Of risks written during
the year then ending.
EAvsSru--The amount Of risks in force, hsv.
ing less than one year to run.
Twivra-The amount of risks in force, hav-
ing more than one and not over three years to
run.
THlRrEExrn-The amount of risks having more
than three years to run.
FouRrssHrR- The following question must BE-
answefsd, viz. !: Are dividends declared on pre-.
miums received for risks not termiuatedt
FIFsrrSfn-Each accident insurance conf any,
or company insuring against accidents in this
State, shall keep register Of tickets seld BY it,
officers or agents. which rsgister shall show the
name and residence Of the person insured, the
amount Of such insurance. the date Of issue Of
| such ticket and the time the same will be and re-
main n force, and il shall be the duty Of every
such con- any to file in the Office of the Auditor
Of State IN January in each year, . report.
sworn % BY the president or secretary of the
companF, showing the above items of the bust
ness oftHch company during the preceding year,
and the auditor of State shall withhold the GER
tihcate q authority from any such company neg
Letting y failing TO comply with the provisions
of this etion
Src. ~. The Auditor Of State Is hereby au-
thorized and empowered to address any inquiries
| to any 'surance company In relation to its do
| ing and ondition, or any other matter connect
ed witt its transactions, which he may deem
necessay Tor the public good, or for proper
dlscharse Of his duties and it shall be tho duty
OF any mpany so addressed to promptly reply
| in writing thereto
Sc - The statement Of any company, the
capital which Is composed in whole, or in part,
OF notes shall, in addition to the foregoing. ex-
hibit Tn amount of notes, originally forming the
| capital. and also what proportion OF said notes
is stun acid by such company and considered
| capital.
SEC. 5. 1t shall not be lawful for any iusur
ance company, association, or partnership, or
| gahizedor associated for any Of the purposes
specihei in this act, incorporated BY or organized
under tie laws of any other State of the United
states, ,r any foreign government, directly OF
indirscy, to take rishs, or transses any business
OF Insurance. in this State, unless possessed Of
enc hundred thousand dollars Of actual paid ~
capital exclusive Of any assets Of any such con-
Esny as shall be deposited in anv other states %
Ierritories for the special bsnsft or security OF
me injured therein ano any such compssy -
sirineto transact any such business - Aforesaid,
BY al agent or agents in dis STATE. shall 1ls
With the Auditor Of Hta4s . written instrumsnt,
duly signed and sealed, authorizing any agent q
l sgenH OF such company il this State. 70 aek-
newhdke service of process for and in behalf q
such company in this State, sonssnting that such
service Of process. msnse or final. upon any
succ agent or agents. shall be taken and held %
vaiid - II served upon the company according
70 the lawe 81 this or any other State and welv-
ing Gl claim or right Of error, BY reason Of eueh
sc.no~ iedgment or service and also certined
copy Of their charter or deed Of settlement, 70
ge'ner with . statement, undss the oath Of the
presidsnt Or Vice President, or ether chief ON
Ger. and the Secretary Of the company for which
they may act. stating the name Of the company
and the place where located; the smount q its
capital, with detailed statement Of the fscts and
iteme a. required from cempeniss esganisea m.
DER the laws Of this state. q per section tweaty
thereof; also copy Of the last annual report, Il
any. made under any law Of tho State BY which
such company was incorporated; and NO agent
shall be allowed TO transact business for any
company whose carital 10 impaired BY the liabil-
ities - stated in section twenty Of this oct, 70
| the extent Of twenty Der cent, thereof, while
such deficiency shall conliNue
SEC. "a. 1t nhall mot be lawful for oay agent
| or agents to act for any insurance company or
companies referred to II this act directly or in
directly. in taking risks or transacting business
l O. insurance in this State without procuring
from the Auditor Of State . certificate Of ~
tnori'y stating that such company has complied
| win all the acquisitions Of this act
SEc 70. The statements and evidences OF in
sestmcnts required Of foreign companies -
] ABOVE shall be renewed annually in such man
i ner and form rauuira "A hr this and said