Oxford Democrat. [volume] (Paris, Me.) 1833-1933, 1870-04-22

..
tn" conlinissioneT.
Scr b ksery Insurance. company Incorporated
"ul ~ ihis state. doing Durinrss ln tis stab sha
annually cau-" o. b" Iublisnsd ga some daily or n.k
- paper tr ihft" Weeks succ"sstseiy. pubii,bea Ia
"a" county wh"r" ssid company has a duly author.
,L''a Ss'ni - laA's pohc"-, eoDde-ed statsH.ut
=" IL c"ndn1n eoni.TmaDs 80 IL last annual report
s"fs" 10 proper form tho statements 81 the oOldI-
ahmed by Ann, "A all Whcii shaii b. f,un. red 4,
hih A. aioresaid. Ne sialI Annually IMPORT Ia the
legislature the general condition Iis s.eTs
nnc" eonpanes doing business ia this state together
WIN 10" bam'- ahd location 81 thetr authorized
t,r az 80, - i ',,'t'l"h tb"T'Nl,h shaii pr
par ah sD.l's't :" al Tie returns aud Statements
made - hiln by said Insurance. lInl anies.
sEcr IA. Any IsT,On having a claim against any
Insurance company not incOfloraied by tIis state
niAg pa" ihrIei"f m the court 90 tis state and
pAuy ,ail b. valid aud binding On tue e. M any aud
ar' 80 an - ,.II sal, aud Ne judgment NJ,
Judgment IA ettTy TtspeCt whether tne drisdabts
appear 81 MT; THE prp'iOn a. euibruce ala cHscs II
80" 4"'N'i IA - " 80" suits. f'r Ma" purls,s
~ tr'rhing u.uer ~ s"Tsice - any lct Dr. c.dInR
az Pf"c'ss .i" agcLt shsH - rgarIrd mi aut.f
ma uhtI anptari j. app jnt,d. JuIe-s any ouch
judgment snail b. pad within tnifty days alter de-,
,n4-H In~H' nyVh Ahl sueh agenl ID the "tcer bold
IHs lHr 'cllluh, lit c'uhisGnef may upOu tCtce
Rnd hrAfliS Il Tie parties. susIFnd . power 81 ihr
company e. d. bu,iiss Ia THIS sta,p ul IL shall bee
pdid' anJ ~ tir company VI AM agent thereon snail
is.e ANY polIcy Ia tIi, during such suspensiy
said cJinpamy A.d agent sbai each iOrirt sum NOT
cAcesding Dne hundr,d dollar. but any policy 40
iasor "a tLe hOider. "
sECT. 10. All noiioes and processes which by any
law, ~ law or provision any Iiiey aEy Insured
"T other ISersVh as occasion - give any
company incorporated uut Vf the sIaL,, may be- given
u or s"rrd on tas agent Vi said company WITH like
"nsSt a. ~ gwen To served e pTInEp pal. sUci,
asSnts apu tir agents of pauIss
la tnis state sbaii D. regarded Iac, Oi the
hpAnJ ia al RESPECTS rrgarding any Insurance
iroseI W tbetn respectively. IAay shall b..
bound DJ their kIVSIeJgs Oi ths TisA- and All
matter Connected ueTu Omissions aud de
tcr'ptiJns knOwu Ia tiis agents sli b.. regarded
known Dy a." e,mp.ny. aHd waived by ~ tI1
II not.d in the pJiiry.
SECr- 10. lac commissioner shall have power 10
RdiDiist"T oailis wbein,tsT necessary
al part OF II state. ~ the performances ui le duties
sLcT. h. Upon application ia writing to the com
inissh'i'eE ~ ii'e oLsvrs Oi aDy Insurance company
doing ous 'ess in ths state, stating Inst they
r"ason o. beiiese ana do believe that any person
procured vi .aid company any Insurance by Ia.se
representations or that sad person mas sustained "A
loss by she fraudulent the With ais
knoniedgc OF cDilssnt aud said company requests a
tn'esbShuob th"feoi said oOiihi ssUner each T.
isfats a. he may appoint. shah
under oath. Al lime place le shall desig-
nate any EerSon VI peTsons shd require tia. iruduc
ton of All books aud papers which may be necessary
tor fuii Investigation II the facts. aud make report
,h"Te"i VAN the testimony by him taken, and report
tue saine To Tia" company making such application
Slrh inFestikation sJIai be- .x peuse VI said
company Ahd ~ shaii pay {" the raid commissioner
or mage rtts the witness b.. take as In the
supreme Judiciai court and hts expenses, aud dol
Iars per day fUr las services
>kcr. Is Whenever 1t shali come to the kuowl-
edge OF tue Commissioner that ihe actual funds OF
Ahy hie hsufahes Company doing business IA this
state not oi value equal its liabilities
ineudfng the net value at its policies according To
the - Combined Experience ''Aciu aries raie of
mortality win Interest at four per per annuIn
IL snsii De- hts duy Ia give notice To such company
and Its agents Issuing policies within hi.
state The commissioner may nave authority pur-
cha-e anu se the lie val IA on tables adopted by the
insurance department Massachusetts, tor thi- and
ali purpGscs al valuation under this act. When no
shalt b-cUine satisfied that the fund. such Gu M
pauy have bscOns equal to it, liabilities. vaiuing
IL. policies aforesaid. he shall give to such
company abd agents THAT Its business be
IN the state IL oincer agent amer such notice
"I suspension has been given. shall issue any
pDtcs rom beta OF such y sha
fjri"it Tor each offence eNcreuing three
hundred dollars aud the delivery OF n policy In thi.
star" IA OF otherwise shall bs deemed issuing
Of such policy.
SECr. ~ In case any company whose operations
snail have o"n suspended by the commissioner shall
be di>satished with th- decision of oner
iu E0sp~udihg IL or ia refusing allow it, upon ND