The St. Cloud journal. [volume] (St. Cloud, Minn.) 1866-1876, 1872-03-14


3
SssSs35s
4,
80 . -
20: 1. NJ "a ;ssi
~ ~ u y ~ ~ - taad that
: s. y 8 ns0tAj
~
~ s4al y .ets eeueo e ASsexAQinSd,
~. 49, ~ sesae - lp1uranos
Nss.'. - stas, 81 neneXsr inshie judR-
ss sSsu a1lnaslon Y required ~ the 1
lnteseeol 9 - psltcy hold ers az such CON
PAY s
-. e anaaI % ~ duly sf the insnI-..
~, ~ $500 5 'onees amer 40 has notified
-. .as.. 49, aoenpany fganissd under
ss.sy y ~ otate, q osase doing nav
!. sS.ss = ~ snos net value Of ~ peltnies
....sH.s y ~ g sAat called TOT ~ NE
J. q - 10 hlished ~ the Stats.
:. w. ~ ~ e.Aes f.std examination In No
~. = ~ = ~ we aAairs Of such company :
49,: =. Sss snai! appear that there g ne
.asua q gEoes tnoompstency OK reckless
/. Ssss SHOWN TO txist in the management,
y nay, upon publishing the facts 10 the
49,. psfmie such company to continue In
cea:Res OF ~ business for one year, provid.
- tnere y in his opinion, reason to believe.
ssA .le company may eventually be able TO
! :. ..aolleh the legal net value Of al it,
POMoles ~ force. $zs RI:
3, = !n ease the insurance commissioner
.aoee mol permit the company to continue
y the control Of 10 old business, 1t 10 here.
y nado his duty % institute tho necessary
proceedings for the protection Of ito pol.
ilcy.holAers, IL accordsnce with the laws Of
tnn 6tAte. :sssass
i Te publish the result Of his exam
3ination OF the affairs OF any company,
.Mnensvor hs deems II for the interest Of
ne public % e do. In one OF more papers
~ sa's 5tate. . q.3 s:v-S .zs.:.s ~.
10 TO suspend the entire business OF
any company Of this State, and the bus
inses, within this State, OF any ether com
pany, during 10 non.oonpliancs with ssnv
provision Of this act, o. whenever ito assets
Appsaf TO him insufficient % justify it, con.
ttauAnoo. In business, BY SuspendinR or re-
voklnk the oertihcato granted by him |;
ana to give notice thereof 70 the insuranc
commissioner, or other similar officers Of
every State. aad publish the sane 10 the
papers in which by law, State notices
are required to be published. -
10. To institute, or cause to be institut-
cd, the necessary proceeding, under the
laws OF this State, TO close the AFFAIRS Of
any company Of this State which shall APP
pear to him upon examination TO be insol-
vent, or .trauduently conducted: ::
IT, TO report in detail. to the attorney
general, any violation of law relative to
insurance companies, their omcers or
sSens, OF the business OF insurance. ~
70. TO furnish TO the companies fequlr.
eo y snts ~, 20 report 70 nun tne neces
saty oisnk forms Tor tho statements re-
CURED. -ys5.a :,,:s - go -a.s,
10. To persons. In permanent form a
!uIl record OF MS Procsed'ngs. ana con
cse s.stement OF the conaleon OF each
ov.npsay OF agency visited OF examined
~. AZ the request OF any person, and
on payment OF the Tee. TO give certified
coPies o. any record or papers in biz
ome, Wnen ne aeems u not pre)ualclal "a
Puone ln.esests. 20 20 90. ana give such
a. - -en"-, a,n"sns - ~ wi .
ture an :, hefo.s ~ onth a. - Tos"''a
~. the reaa;n,s and arnen.es - ,h;s "a "a.
n.,tme,t e.. ~ ..s.! -. 's uo
The cond;,;on ~ oonon.n;as ao;n~ h,.,s s.s
in thia st.ts. and s,,ch o,hs, n fa.ma.;on as
viii srh;h;e ,ha sas;-. O ~ h;s dana.t a -
% oAs ny W.. 'ns snalls Oh n!s department
mort - ~ ;..,, sSH Neutrality-suspicious. 40 o.uu"1 70
e'hs, s;.;, ~ .asur"nse Som".ss'onel, OF
snd 10 ssoh on."n", , ~ 49, S I.u4s s.ase.
.h;. S.. .asu company oo'nS business u
nv: "a ''a =: r. 49,, -. - ,o,,,..:... .
;nsn,.ne. a ..quGss; 70 so1mun'case 70 tne
in wh;cS ~ =. % auy osaes e.s!e
act .hsii ~ .nsot.S 30. pos,e.ons o. 'all
la- ait !. ~. S'.*" =. ..y . 'sG. wn'el, oy
oamn.n;.. - H. - 49, s.e'. Sm;. iespecuns
w;th;n s,,oh go, .u'' ''s'0 ~o'us ou''nesa
a. 70 .dort' .,a - ..,.- -, :.
L S"oPs sAu " I0no", from IGe
Of II. c nnHar neesssa.y, WIN inc approx
nrsss;on ana Seso.;n.; 80. W omee, IN I'M
4ovarnos,. e.r,.sa.." ~ r.e,eo'. WIN tns
bs faed II ~ nrsa. ~ s .t snalI
~. '"' onAe' " 'no 'ecle'aF! o.
as. Il shall b, hi. dutv = to ..a th.. ~
;s.ua ncIs sasn a 90 neres!'es Rerm'tted t.
st.ts wS"ss ~ ah.stas an o., W ives 10 tn,s
Are n.r;ns - i ;n,sud , su.nol.zes 10 &c
Ana - Sets-a;n;n nu .h tn'us s: business
Of snv A.. "s"r.n"a INC cap''a 10 Or assets