Dodgeville chronicle. [volume] (Dodgeville, Wis.) 1862-current, 1870-04-29

law to establish in his Office department to be
called the department of insurance, and to employ
such clerical and other assistance as he shall deem
necessary, and at such expense as he shall deter
mine, to maintain and keep such department, and
to enable him to take charge of and conduct, or
cause to be conducted all examinations of the bus
mess and affairs of such insurance companies that
are or may be required by law, and generally 70
ercise such supervision and control over insurance
companies doing business in this state the law
may require: pr0oided, that the whole amount of
the expenses of such department in any year shall
not exceed the amount of fees paid by insurance
companies during that year: and provided, that such
expenses in no year shall exceed the sum of five
thousand dollars. and provided, that the amount of
all fees over and above five thousand dollars paid
by insurance companies under section 81 OF this
act shall be paid over by the secretary of state to
the state treasurer and go to the general fund; and
for all such purposes and to that EXTENT the secre-
tary of state shall be called and held to be the COM
missioner of insurance.
Sec SO. It shall be the duty of every company
transacting the business of insurance under this
act 10 include in its annual statement statement
showing the amount received in this state, during
the year for which such statement is made, in cash
for premiums, in premium notes. In cash notes and
the amount received from other sources, and show
ing also the amount paid in this state for salaries,
commissions to agents, and for losses during the
same period. And each such company, before re-
ceiving license to transact business for the cur
rent year. shall pay 70 the state treasurer sum
equal to two per centum of the gross cash receipts
of such company in this state including cash notes
taken for premiums, during the year for which
such statement is made: provided, all companies
chartered organized under the laws of this state
may be allo we'd to deduct from such gross receipts
their Office expenditures and officers salarles and
provided further, that when application for license
made by any company not organized under the Jaws
of this state and that shall not have transacted bus
mess within the state within year prior to such
application the sum of five hundred dollars shall be
paid by such company license for the first year;
such sum to be computed by under the direction
of the secretary of state And in order to ascertain
the truth of such statements, the secretary OF state
may require such additional evidence as he shall
| deem necessary. The amount paid by the several
insurance companies, as provided above. shall be
in lieu of all state, county and municipal taxes and
licenses, excepting taxes on real estate owned by
any insurance company and exempt as provided IN
strued to prohibit cities and incorporated villages,
having an organized fire department. from collect
| ing the TWO per ceat now allowed by law on there
cepts of each insurance company within their re-
spective limits 20 be applied to the support of the
fire department of such cities and villases.
Sec. "a. There shall be paid to the treasurer of
the fire department OF any Incorporated city or vii
age in this state, in which there may be regular
ly organized fire department for the use and bene
fit OF said fire department. on the first day Of Feb
ruary in each year, by every person who val act
any individual or association, or association OF in
dvidaals whether incorporated by the laws of this
state by the laws of any other state territory
country to effect insurance against losses injury
| by fire. the sum of two dollars upon the hundred
dollars and at that rate upon the amount of all pre-
miums which. during the year or part OF year
ending on the next preceding first day of January
| shall have been received by such agent or person.
or received by any other person persons for HIM,
or shall have been agreed to be paid for any insur
ance effected or agreed to be effected, promised
by him as such agent or otherwise against loss or
injury by fire in any such city or village. No person
shall in any such city village. as agent or other
wise for any individual individuals or association,
effect or agree to effect any insurance upon which
the duty above mentioned is required to be paid or
as agent or otherwise procure such insurance to be
effected until he shall have executed and delivered
to the said treasurer bond to the fire department
of any such city village, in the penal sum of one
| thousand dollars, with such sureties as the said
treasurer shall approve, with condition that he
will annually render to the said treasurer on the first
day OF February in each year. just and true &C
count verified by his oath that the same is jns and
true of all premiums which, during the year ending
on the first day of January preceding such report,
shall have been received by him, any other per-
son for him, agreed to be paid for any insurance
against loss or injury by fire in any such city or
village, which shall have been effected or promised
! by him, or agreed to be effected or promised by
him to be effected, from any individual or individ-
uas, or association, incorporated as provided in
the first section of this act, and that ne will annI-
ally on the first day of February in each year. pay
to the said treasurer two dollars upon every hun
| dred, and at that rate upon the amount of such
| premiums. Every person who shall effect, agree
to effect, promise or procure any insurance speci-
fed in the preceding sections of this chapter with
| out having executed and delivered the bond re-
quired by the preceding section, shall for each Of
tense forfeit one hundred dollars for the use OF the
said fire department: such penalty of one hundred
dollars shall be collected in the name of the fire
department of any such city or village.
Sec. 49, Every person who at any time hereai-
ter agent otherwise for any individual or in
dividuals, association may, in the city OF Mil
waukee, effect or agree to effect any insurance
specified in the preceding sections of this chapter,
shall the first day of February in each year, or
within ten days thereafter, and as often in each
year as he shall alter change his place of doing
business in said city, report in writing under his
proper signature, to the treasurer of the fire de-
partment in the city of Milwaukee, the street and
number thereof in the said city, of his place of do
ing business such agent or otherwise, designat-
ing in such report the individual or individuals
/ and association or associations for which he may
be such agent otherwise; and in case of default
in any of these particulars such person shall for
felt for every ofense the sum of one hundred dol
lars, to be recovered and collected in the name of
this state, for the of the fire department in the
| city of Milwaukee.
Sec 80. In case the fire department of any such
city village shall have no such officer as treasu-
rer the provisions of this act, so far they are
applicable to him, shall apply to the treasurer of
such city village and the treasurer Of such city
or village SHALL under the direction of the proper
authorities thereof, pay over all moneys received
| or recovered by him under the pro visions of
this act, to the fire department of such city or viii
lage.
| Sec ST. It shall be unlawful for any insurance
company against which final Judgment has here
tofore been recovered shall hereafter be recover
3D. in any court of competent jurisdiction in this
state after sixty days from the rendition of such
| Judgment, and while the same remains unpaid, 10
issue any new policy of insurance; and in case any
insurance company, by its officers or agent or
agents shall violate the provisions of this section,
such insurance company shall forfeit the sum of
one thousand dollars, which may be recovered in
the of the state of Wisconsin, in action of
debt and when collected, shall be paid over to the
! common school fund; and any agent of such COM
pany who shall knowingly violate the provisions of
| this section, shall be deemed guilty of a misde-
meanor, and upon conviction thereof, shall be pun
ished by fine, not exceeding five hundred dollars,
nor less than one hundred dollars or by imprson-
ment in the county Jail of the proper county, for
thirty days. "a
Sec. 80. Chapters 65 and 70 of the revised stat
utes chapter los of the general laws of 1852 chap
ter 1853 of the general laws of 1867 chapter 179 of
the general laws OF 1857 chapter SO of the general
laws of 1869, be and the same hereby repealed.
Sec. 49, This act shall take effect and be in force