Litchfield enquirer., 1871-11-09
PUBLIC ACTS.
 PASSED MAY SESSION. A. D. IS
CHATTER cxxxvr1r.

An net in AddluVA 70 AnQ sn alter&tl0u O1 au acf concerning communities and corpora-
 Re fl e,aocsd by tie Seaote a,ad House of ReDyessnsnires ia General Assembly concen. 2 See. i. The governor, by and with the ad- viee and consent ofthe senate, shall appoint some euitable dersun not director, officer. o, aoent of any Insurance Company. to be ins surance commissioner who shall, unless sool,er removed by the governor for cause. hold his office for the term of three years, and until his successor is appcinted and qualified h care es sacsnsy ln sa'I ,a Sss sS a asa'i B; moi iu session, the governor may fill such va. esncy by appointment till the next session of 'u SsS 8. itshall Dc the date of the insur- ance commissioner to see that ali the lsws of thia state respecting insurance companies, are faithfully executed. and to exercise and dis charce all the powers and duties of supervis- ion of such companies as are now, or may hereaftsr be provided by law. 4i aec. 2. The salary of the commissioner of ineuraneo of this state shall Do three thous- and five hundred dollars per annum and his neceasafy expenses while attending to his du. tiea outside of the city of Hartford and the said commissioner is empowered to employ ralacient ciericalaid for the proper discharge ofhis duties the salary of the commissioners shall be paid from the treasury, also the incl counts shall have been andited and allowed by the comptroller, and the fees which the said commissioner of insurance is now or may hereafter be authorized by law to receive from insurance companies, shall hereafter be paid over by him to the treasurer of this state for the nse of the state and the amount so received and paid over shall be by him stated in his annual report % the general assembly, The commissioner of in surance shall have power to administer oaths in the discharge of his official duties. 944e4 f1 st5a Sec. 4 The controller of this state aud the present insurance commissioner are hereby directed to deliver to the commissioner of in- surance to be appointed as provided by ,sec- tion 1st of this act, all the books and papers now in their custody relating to insurance.
 Sec. 5. The insurance commissioner shall demand and receive the following tees from insurance companies: " 'AT-t
 For receiving and filing annual report of insurance companies chartered by this state ten dollars. .as15s a.tjr eq.. For valuation of policies of life insurance companies one cent for each thousand dol- lars insurance valued.
 For filing any additional paper required by lew, twenty-five cents each. fs
 For certificate of valuation, copy of report,
 
 aled in other Atatess five dollars.
 Sec. 6: No fire insurance company organ ized under charge granted by this state, or doing business in this state, shall expose it. self to any one fire risk or hazard, to an amount exceeding ten per eentum of it's paid Sec. '. It shall be the duty of the :ptesi: dent. or vice-president and secretary of each Gre and each fire and marine insurance com ina a4 he fhfo fata sx the month of January to prepare under their own oath, and deposit in the office of the commissioner of insurance of this state a statement of the condition of such company oR the 31st day of December next preceding exhibiting the following facts and items in the following fotm, namely: ,Ms..
 lst. The amount of the capital stock of the 2d The property or asseis held by the com rany. specifying
 i. The value or nearly as may be. of the real estate held by such compuny, el'
 2 The amount of cash on hand and de- posted in bank to the credit of the company specifying in what banks the same are depos- tied. ,.-I- -,.
 3. The amount of cash in the hands of agentsand in course of transmission.
 The amount of loans secured by bonds and mortgages, con nstituting the first lien on real
 
 years interest due or owing.
 .. The amount of like loans with one years interest or more due thereon.
 6. The omount due the company on which judgments have been obtained
 .. The amount of stocks and bonds of this state, of the United States. or any incorpor. ated city of this state, and of any other stocks and bonds owned by the company. specifying the omOunt. number of shafes and par anC market valus of each. f
 6. The amount of stocks and bonds helt as collateral security for loans, with tn, amount loaned on each, with the par ant market value thereof. 74'
 g. The amount of assessments on atock o premium notes paid and unpaid.
 10. The amount ofinterest accrued and un paid. A f-aa ',asa z on which policies are issued Sd. The liabilities of such company, spec flying: aF o41f v
 1. The amount of losses due and unpaid and the amount not due. .t,Iissa7 - q. The amount of unpaid losses not due.
 ,. The amount of claims for losses resisted hy the company.
 {. The amount of losses incurred duain, tho year including those claimed and not ye dce. and of those reported to the compan. r upon which no action has been taken. Fk. The amount of dividends declared, due and unpaid a at ssH ~1 c The amount of dividends either cash scrip declared but not due. t.-
 G. lshe amount of money borrowed and SC euTity given for the payment thereof.
 6. The amount ofpremiums received on all Tisks not terminated. gF tastthA
 6. The amount required to safely rsinsurt ail hss risks in force, computed at fifty pel eentum of the gross amount of fire premium. (ieas return premiums and reinsurance) re ceivsd on ttsks in force, not perpetual; nine ty-ave per ccntum of premiums on perpetua risk in force and one hundred per Centum o tie amount of ocean marine premiams re eeived on risks ia force provided, that tn, premiums on unexpired fire risks shall b, less than the gross amount of the fire premi ums Jess return premiums and reinsurance received during the year preceding.
 10. The amount of ali other evisting claim. against tee company.
 4th. The income of the country during th preceding. specifying; s'i gs-oN
 l. The amount of cash premiums received 2. The amount of notes received for ore miums.
 3. The amount of interest money received 4. The amount of income received faou Sth. The expenditures during the preced ing yeaFs specifying: .AA As& &&f ssAE
 l. The amount of losses paid during th year stating how much of the same accrue, prior. and how much subsequent to the pre eedinG statement. and the amount at whicI such iosses are estimated m such precedin, statement 7 tft5
 2 The amount of dividends paid lurin the peas. 4E 1
 3. The amount of expenses paid durin the year including commissions. salaries, an, fees to aBenis and officers of the company.
 (. The amount paid on taxes f
 2. The amount of oil other payments an expenditures. .. ys'ssss' < si
 Sec. It shall be she duty of the cor,mis aionnr of insurance of this sfste, 10 cause | os prepared and furnished to each Of the fir ard Ire and marine insurance companies, in eosporatee by this state, and to the attorney Oi companies incorporated by otoer state and governments doing bnsiness ill tois stat printed isrns of the statements required b naf no.1 c Az.- s-f. h ass