Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1868-06-16

earl, company orgsined under this act, or dong
business IN this state annually on the first day
Of January or within thirty davs thereafter. to
rr.pare q nder oath, and deposit with .he Adult
Tor OF state, a ststemsnt, showing
Ffsss-yAsE AND CAPITAL.
l,.. The rsrne OF the ccmnsny ard where 10.
Gated
ad The names OF the officers.
"a. The amount of capital stock paid up.
SIC -sD-AssE1s.
ia. The value Of real estate owned by such
"a fhe amounted cash on hand. e.
I'd The amount Of cash dsposited in bank,
cl,ip. name Of bank or banks.
an The. amount OF cash in the hands OF
a-e,,s and in the course OF transmission.
r,h The amour, Of bank stocks, with the
name of each bank, giving par and market val
ue OF The same.
al The .mount of stocks and bonds of the
u,s,d States and all other bonds, giving names
ana amounts. with the par and market valued Of
each kind
MOI gage on real estate
sh The amount OF al other bonds and loans.
an. how secured, with rate Of interest
On. The amount Of premium notes on poll.
cies - force
stock, and how secured.
i,h. The amount Of assessments unpaid on
ar X or premium notes.
18th The amount on interest due and un-
9Th. All other securities.
rHlsn-LiABnirIss.
at. The amount Of losses due and uupsid.
"a. The amouns of losses adjusted, but NOT
du..
g. The amount OF losses unadjusted.
l.h The amount Of claims for losses re-
sis ed.
ill., The amount of money or evidence. of
i'm stment borrowed.
III. The amount dividends unpaid.
III. The amount required to safely re-insue
| ali outstanding risks.
th. All other claims against The company.
vorHYn-ixcous suaiso rHs rsAs.
ST. The amount Of met cssh premiums re.
&c ed.
| "a. The amount Of interest received from Ill
% rces.
su,des.
rssH-sxrsxsrrass Duane SEE YsAa.
lu. The amount Of losses.
a. The smoant Of dividends paid 10 policy.
h doris, and sotck holders.
"a. The amount Of commission and salasiss
ah. The amount paid to oiiesrs and other
psquisitss.
9Th. The amount Of oil other payments and
| Expenditures.
SIXTH -MIscnilAxgoCo.
st. The greatest so'ou.s insured On any one
d. The amount deposited In other states or
territories: IS security for policy -hsders there.
| 10 stating the amount 10 each state or terri
toy.
"a; II. amounts ~. Of prsmiom: received in
| sth. The amount paid fof losses in this
Bate during the year.
III. The whole number Of policies Issued
d ring the year, with the amount Of insurance
e.cted thereby. and total amo unt of risk.
| 9TH All other items Of information necessa
| r, to enable the Auditor to correctly es,im ate
scash value of policies, or to correctness Of
| t,e valuation thereof.
SEC. s. The Auditor Of State is hereby au-
orized toamend the form of annual statement
ed TO propose such additional inquiries as he
fray think necessary TO elicit full exhibit Of
{ standing of companies doing business in the
| ate.
SEC 9. As soen as practicable after the i'll
| < of said statement oil any company organized
a. doing business uuder the laws of this State
the olice OF the Auditor of State, he shall
| -oceed to ascertain the net cash value of each
| ,licy in force, upon the basis of the New Y ork
audrd Of valuation OF life policies, il being
r. Stars English Life Table number three
r males, with interest at tive per cent. on Ac
| sary S Combined Experience Table of Mortal.
| with interest at four per cent. but in case
| ,Ich valuation has been made in New York, or
| "a, other State upon the basis above specified.
certificate Of the Auditor, Controller, or chief
luncial officer Of such State, shall be taken b v
| e Auditor Of this State as sufficient evidence
IL tho valuation Of such policies. and Of the
l (,r ,,H ia
4, the purpose Of making such valustion. when
q, already done as aforesaid, the Auditor may
employ a competent actuary to do tho same,
wi shall be paid by the company for which the
ser ice was rendered; but nothing herein
shsI prevent any company from making said
vel alton herein ntemplsted, which shall be
received by the Auditor upon such proof % he
may determine. Upon sscsrtaining the net
| caslv aue of policies in force in any company or.
gauisd under the laws Of this State. or doing
onsiess in this State, and which has not made
the post rsqnired in section four Of this act
the AUDITOR shall notify said company OF the
| smout. aud within thirty days after date OF
such OBLIGATION, it shall be the duty Of the Of.
hcerslt such company to deposit with the Au-
ditor he amount Of such ascertained valuation
oil all loeies within this State, IN stocks of the
Unite States or this State, or any other State
OF tn uiou, or in bonds or mortgages on real
estat, wIttnn the limits of this State, where
. such mpany is located. of at least double the
value 1aned thereon; Provided, that no Joint
stock 5mpsny organized under the laws OF this
State r doing business therein, shall be requr
ed 10 axe such deposit until the cash value Of
tile pc icles III force, as asce.tainei by the An
| dior exceeds the amount deposited by said
| cumplly under section two OF this act And
Prov ID, that foreign companies doing bushes S
| IN thi-Stai- are not required to have deposit
|. IN ihi State, provided such deposit has been
made the S.ate where located. or in any 9TH
er Ste when they shall have complied with
, in sec On four of this act
SIZE 10. On receipt Of the deposit and state
meat rom anv company as provided by the pre-
ced DIM sections, and the statement and eviden-
ces o Investment according to the law OF for
eign Jmpanies, which shall be renewed annual
". tls Auditor shall issue a certificate setting
ort the corporate name Of the company; its
| prin pal office or agency In this State that
II hi FULLY complied with the laws Of this State
in rtaton ito lite insurance companies, and Is
auth rzed to transact the business OF life in
sura ce Tor twelve months from the date Of such
cestlcate, or II the expiration Of the thirty
day, notice given bv the Auditor Of the mex,
sun 81 valuation Of it, policies. The certificate
equity in which such principal office 10 located,
in shook prepared for that purpose. copy
OF ae certlncate certified BY the Auditor shall
10y the general agent Of seid company. fur
mined to sseh Of its local and travelling agents,
an said copy shall be their authority for solicit
l ~. epPuCAblOuS IOI pOACieDs
sEo. IL. Upon the failure Of such company
I % maze the deposit, or die the cestinsets
RI Isatensnt] in t3e time - slated In this aet
H. Auditor shall notify the Attorney 0sDeeal
o. the default, who shall q once apply % the
H,preme or District Court, II In session. Or Il
II vacation, to any member thereof, for IN Or
DIR requiring said company 70 show cause Why
it, business shall not b closed; and u apos
tie hearing the company shall not SHOW sufliciesi
cuss for neglecting TO make the dspens, o.
ting the certificate required bssthis sca. then
il such company was organised under the iawl
this State. the court shall decree it, dissofu.
toe, or If organized or chartered BY the laws q
any foreign state or country. shan enjein said
Company psrpetaly from transscting sssinssa
q any life insurance within This State.
Sac. IL. The Auditor may at any time make
l personal examination Of the books, papers
sad securities Of any life insurance company
Going business In this State, or may authorize
or empower any other suitable person, 70 make
| such examination, and for the purpose Of sscur-
l sg fuli and true exhibit Of its adsirn. ne Or
ne person selected by him to make such exam
| nation, shall have power to examine undef
sath, any officer Or agent Of said company, OF
sthers II necessary, relative to It's business AND
management. u upon such examination tns
Auditor IS Of the opinion that the company u
! nsolvent, or that 10 condition 10 such - 70 rem
Ter its further proceedings hazardous TO the
public to the holders Of its policies, no sinai,
| communicate the facts TO the Attorney General,
who shall at once apply to the Supreme or Dis-
trict Court 10 isqua n iniu action YeStre1n1U