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

sscsnd Tho proper 81 1870 held
y NE eompauy spso
s Ihe value, % nearly 10 m.y 30, sofs
the rsal estats held ~ sai 4 . ampany.
rs Ths anonnt Of cash on hand and do.
.podted II banks 20 the credit 81 the COM
:pany, specifying 10 what banks the sams
are Deposited. 80
3. The IN unt Of cash in The hands s.
Agents, and il course Of transmission.
The an cunt of loans, secured ~
mortgages and bonds, constituting the arst
lien On real estate. on which there shall.
b lsas than onesYear's interest due 81
owing. d, 90.
& s. The amount Of loans, on which IN. ]
tsrsst shall not have bean paid within
one year previous to such statement.
s. The amount due, the company on !
which Judgments have been obtained. zs
I. The amount OF stocks Of this State.
Of the United States, Of any Incorporated
city Of this State and Of any other bonds
Of stocks owned by the company, specify
ing the amount, number Of shares, and pars
and market value of each kind of stock
on the day Of making statement. sS
8. The amount Of stocks held thereby
- collateral security for loans, with the
amount loaned on each kind Of stock. It's
par value aud market value on day Of
making statement.
Q. Amount Of interest due and accrue
ed not paid. T., 80 III
Third-The liabilities Of such company,
specifying: ~ ~, 5,.s.
l. The amount Of losses due and Jet
unpaid. =. -.
4. The amount Of claims for losae, re-
sisted BY the COMPANY. u: ss
3. The amount Of losses incurred dur
ing the year, including those claimed and
| not yet DIE, and including the probable
amount Of those reported to the company,
upon which no action has been taken:-
Provided. that all such losses incurred in
the State Of Minnesota shall be reported
separately and apart from those incurred
in any ether State or country. -
4. The amount Of dividends declared
and due, and rem aiming unpaid. ~
s. The amount Of dividends, if any, de-.
elared but not yet dne:
6. The amount OF money borrowed,
and security. if any, given for the pay
ment thereof. 49,
"a: I. All other existing claims against
the company. n.
&. The gross amount of risks taken
during the past year. .-.:
.. The amount OF risks takeu in the
State Of Minnesota during the past year
10 The whole amount of risks OUT
standing. -
II. The amount Of outstanding risks in
the State of Minnesota. :.
IL. The whole amount Of unearned
premiums on outstanding risks.
| Ii. Tho amount Of unearned prem ;ums
on outstanding risks in the State of Min.
nssota
Fourth-The income of the COMPANY
during the preceding year, specifying:
l. The whole amount of cash pre.
miums received.
i Z. Tho amount Of premiums received
on policies issued in the State of Minnesota.
3. The whole amount of interest
money received.
4. The amount of interest money re-.
ceived on loans in the State of Minnesota.
s. The whole amount of income receiv.
cd from other sources.
Fifth-The expenditures during the
preceding year, specifying:
The whole amount of losses paid
during the past year, stating how much
OF the same accrued prior, and how much
subsequent, to the date of the preceding
statement, and the amount at which losses
were estimated in such preceding state.
ment.
Z. The amount Of losses paid upon
risks taken in the State of Minnesota, dur.
ing tho past year, stating how much Of the
same accrued prior and how much subse-
quent, to the date Of the preceding state
ment, and the amount at which losses
were estimated in such preceding state
ment.
| .. The amount of dividends paid dur.
ing the past year.
4. The whole amount Of salaries paid
officers and agents of the company.
8. The amount of salaries paid officers
and agents employed in the State of Min.
nesota.
6. The whole amount Of commissions
and fees paid officers aud agents.
Z. Tho amount of commissions and
fees paid officers and agents employed in
the State Of Minnesota.
8. The whole amount Of all and any
other expenses not herein mentioned.
9. The amount Of taxes paid, specifying
separately and apart the amount paid in
this State.
10. The amount of fees of all aud
every kind paid the treasurer of the State
of Minnesota, specifying date, for what
purpose, and amount.
Sixth-Ths number of agents and other
officers employs in the Safe of Min
nesota.
See IA. The insurance commissioner
may require, at any time. statements from
any company doing business within this
State, or any of It's officers and agents, on
such points as be deems necessary anG
proper, to elicit full exhibit of it's bust
ness and standing.
Is. The sta, ements required under this
act must be verified by the ST. nature anG
oath Of the president or vice president
With those of the secretary or sctuary Of
by those ola m ,jority OF the directors.
SEC. l6. Noscompany having neglee..
cd to lie q statement required from it
within the time and in the manner pre-
scribad, shall do any new business, afte
notification by the commissioner, while
such neglect continues
! SEC. II, Any company willfully neg.
lecting to make and transmit any statemen
required shall forfeit one hundred dollar
for each days neglect.
SEC. Is. Any company or person will
fully making falss statement in any re-
port to the. commissioner Is liable to 6
penalty OF $500, which sum must be pait
to the comm ssioner, in default of which
the certificate Of authority shall be revok
ed. I'D
# SEQ. 10 The insura, se commissions
has authority to prevent publication 9
any part of the statement made under
this article, until his annual report to til.
legislature is m ade. :.
dicially appointed trustee of Al insu rance
c'mpany Of the Safe must make the state.
nents required under this article, and al.
the provisions Of this article shall a pply t.
such receivers or trustees. r.. - n = -
| SEQ II. No insurance com oany not o
this State, or its agents shall do business
in this State, until it has filed with the
insurance commissioner of this State 8
written stipulation, duly authenticated b.
the company, agreeing that auy legal
process affecting the company, served on
the insurance commits ,ioner, shall have
the same effect as it served personally on
the company within this State.
ANY SUCH company may, at its option
explicitly designate in It's stipulation its prin
sipal Office or agency ia This State, and
in such case the stipulation maybe that any
legal process served on the insurance com.
m ssioner, and also on the person in
charge Of such officer At the time when
service is made, shall have the same effect
a. if served personally on the com oany :
and that it there be no person in charge,
or if he keep himself concealed, or avoid
service, such procsss may be served on
him, orsat such office. BY publication, o,
posting or otherwise, in the manner
which shall then be prescribed by the law
Of this State for substituted service aud
that if such company, should cease to
maintain sush an Office in this State, 90
designated, such process may thereafter be
Serve: serve On tho insurance ' SEQ commissioner
SEQ a, 80 long -as, any liability Of
stipulating company TO any resident Of thi.
STATE continues, such stipulation cannot