Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1870-04-27

law, 70 establish in his Office a denart,nent ~ =
oiiSu 1 me Ihe department. of insurance and 20 emnlo
TecasSa ana other assistance as he shall deen
sio islly J, ana at such expense as he shall deter
liiie, 70 maintain and keep such department ami
s co vu"o'1 MIN to take charge of and conduct
- ~ oe conducted, all examinations of the bus
m s aLie affairs of such insurance companies tha
.1Le VI may be required by law and generally % ex
eacIse such supervision and control over Insurance
companies doing business in this state as the Law
ii1'tS require: pTOUlded, that the whole amount q
the expenses of such department in apv wear sbaI
my ilot exceed the amount of fees paid by Insurance
oo.paes during that year: and propided, that sucf
expenses IN no year shall exceed the sIm of Fl g
llon"a ~ collars: and pr0Uided, that the amount o.
al res over and above five thousand dollars pai6
~ insurance companies under section 81 of this
st,H oe pad over by the secretary of state tc
i.te treasurer, and go to the general fund; and
Ior al such purposes and to that extent the secre
ty "a state snail be called and held to be the com
missioner of Insurance.
See. 49, 1t shall he +be 1n4,, of o1,orx, oo,,,- :
tfansacung the business of insurance 11ndaI +Iis
act' 90 include in its annual statement statement
s1ho"lhS tne amount received in this state during
SIo eur iof Which such statement is made in cash
lof EFeinlulns IN premium notes, in cash notes and
me 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 "a.
celvlng license to transact business for the cl1r
rent year. shall pay 10 the state treasurer a suYn
eQual 10 TWO per centum of the gross cash recepts
OF such company in this state including cash notes
such statement is made: pr0ptded all COMPANIES
chartered or organized under the laws of this state
may be slio wed TO deduct from such gross recepts
their office expenditures and officers salaries. o6
pToctded, JNrthe, that when application for license
made by any company not organized under the laws
OF this state and that shall not have
mess Within the state within year prior to such
application, the sum of five hundred dollars shall he
PAID by such company license for the first wear.
such sum to be computed by or 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 eu OF all state county and municipal taxes and
hcenses' excepting taxes on real estate owned by
any insurance company and exempt as provided in
this act; pToUtded, that this act shall not be con-
strued to prohibit cities and incorporated villages
haVlng an organized fire department. from collect
ing the wo per ce1t now allowed by law on the re-
ceips OF each insurance company within their re-
spectiye limits, to be applied to the support of the
fire department of such cities and villaae es
Sec. 81. There shall be paid to the treasurer of
the ire department OF any Incorporated city or viii
lage in this state, in which there may be regular
ly organized IRE department, for the use ana bene
tit OF said dre department the first day of Feb
ruary IN each year, by every person who shall act
IN said city or village agent for or in behalf of
any individual association, or association of in
dlylduaS, whether incorporated by the laws of this
state or by the laws OF any other state territory or
country to effect insurance against losses or 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 a 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 or persons for m
or shall have been agreed to be paid for any nsur-
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 agree to effect any insurance upon which
the dutV above mentioned to ,a
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 or 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 the first
day of February in each year. a Just and true ac-
count verified by his oath that the same is lust 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, or 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 indiyiG-
the first section of this act, and that he will annu-
ally, or the first day Of February in each year pay
to the said treasu er 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-
NED IN the preceding sections of this chapter with
out having executed and delivered the bond re-
CURED by the presiding 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. 80. Every person who, at any time hereaf-
ter as agent or otherwise for any individual or in
diyiduas, or association may, in the city of Mil
Waukee, effect or agree to effect any insurance
specified in the preceding sections of this chapter
shall on the first day of February in each wear OF
within ten days thereafter, and as often in each
II cY,Iao e a loi,,
business in said city, report in writing under his
proper signature, to the treasurer of the fire de-
partmenf 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 desiqnat-
ing in such report the individual or individuals
and association associations for which he may
be such agent or otherwise and in case of default
in any of these particulars, such person shall for
felt for every offense the of one hundred dol
lars, to be recovered and collected in the name of
this state for the use of the fire department the
city of Milwaukee.
Sec. &c. In case the fire department of anv such
city or village shall have such officer as treasu-
rer the provisions of this act so far as thev are
applicable to him, shall apply to the treasurer Of
such city or village and the treasurer of such city
orvilla2e shall under the direction of the proper
authorities thereof, pay over all moneys received
or recovered by him under the pro tisons of
this act, 20 the fire department of such city or vii
lage.
Sec. 81 It shall be unlawful for any insurance
company against which a final judgment has here
ed, in any court of competent jurisdiction in this
state after sixty days from the rendition of such
Judgment, and while the same remains unpaid, to
issue any new policy of insurance; and in case any
insurance company, by its officers 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 name of the state of Wisconsin, in action
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 imprison-
ment in the county Jail of the proper county, for
term Tot more than three months nor less than
thirty days.
Sec 38. Chapters Is and 70 of the revised stat
utes chapter los of the general laws of 1852 chap.
ter l58 of the general laws of 1867 chapter 179 OF
the general laws of 1867, chapter 90 of the general
laws of 1862 be and the same hereby repealed.
Sec 49, This act shall take effect and be in force
from and after its passage and publication.
Approved March ID, 1870.