Saint Mary's beacon. [volume] (Leonard Town, Md.) 1867-1983, 1870-06-02
.sssth. ths amount Of premi-
kaad - vhiea polieies ere

vooeo. eae amount Of premi-
Aand - which policies ere
- Habilltisa a such company,
-. shs smosat IT loses due
ntd seesad, the amount oi
- susissed BY the Cou,pa.
- o1nca6t e losses incurred
incloding those claimed
-, aud Of taose reported to
yupqo uhish 10 setion hss
eeufth. the anouna cf divi-
- snd due aud rsmaiuias M
l@.. Shs.nnouns Il divi5ends, ci.
thes cash or scrip. declared but not vet
due sixth. the amount Of money borrow
ed aud security for the payment thereon !;
seventh. the amount Of policies outs,and-
ing; eighth, the amount of all other ex-
i.sing claims against the company or as-
sociatiou.
Fourth The income of the company or
association during the preceding year,
specifying first. the amount Of cash pre.
miums received; second, the amount Of
notes received for premiums third. the
amount ofinterest money received !; fourth,
the amount of income received from 9th.
er sources.
Fifth. The expenditures during the
preceding year. specifying first, the amount
Of losses paid during the year. stating how
much of the same accrued prior and how
much subsequent to the date Of the pre-
ceding statement, and the amount at
which such losses were estimated in such
preceding statement; second, the amount
of dividends paid during the year third,
the amount Of expenses paid during the
year. including commissions and fees to
agents and officers of the company or as
sociation ; fourth, the amount paid in tax
es fifth. the amounts OF all other pay
ments and expenditures. The statement
OF any company or association. the capi-
ial of which is composed in whole or in
part OF notes, shall in addition to the fore
going, exhibit the amount Of notes orici-
ually forming the capital. and also what
proportion of said notes is held by such
company or association and considered
capital. Every Insurance Company or
association organized under the laws of
this State. failing to make and deposit
such statement or to reply to any inquiry
of the Comptroller of the Treasury rela-
ting to the condition os such company, or
to submit its books and papers when de-
manded, to the inspection and examine
tion Of the Comptroller, shall be subject
to the penalty Of Eve hundred dollars for
every moath that such company shall con-
4nue t6efeAlses " grausseA ..y h-e;rc..
of insurance.
1t shall be the duty Of the Comptroller
OF the Treasury to cause to be prepared
and furnished TO each Of the companies
incorporated by other States and foreign
Governments. printed forms Of the state
ments required by this Act. and he may
from time to time make such changes 10
the form of such statements rs shall seem
to him best adapted to elicit fron the COM
panies true exhibit of their condition in
respect to the several points hereinbefore
enumerated.
Sec. 2. And be it enacted. Tha. every
company as aforesaid, shall cause the
statement rendered by it to the Comptrol-
Ter to be published on the first Monday
in the month of March in the same year,
daily for one week, in one or more news
lapers Of the place where said company
is located. and if any company as afore-
said, shall fail to make the required re-
turn of its condition within the time here
In designated. or to make The publication
thereof within the month Of March afore-
said, the said company shall be liable to
penalty of fifty dollars for each omission
for every day thereafter until the return
shall have been rendered or the publica-
tion made as required, said penalty to be
payable into the Treasury of the State,
and recoverable in like manner rs other
fiaes and penalties.
See. 8. And DO it enacted. That this
Act shsll take effect from the date Of its
passage.
Approved April 4, 1870.
ODEN BOWIE.
Governor.