Tama County Republican. (Toledo, Tama County, Iowa) 1867-1872, 1872-05-30
ED WRIGHT,
Secretary OF State
CHAPTER 2O5.

AN ACI 10 Omcnl Cnhpler 100 ana 40 Y
the Twelfth General Assembly, TO regu
late Insurance Companies.
SecrloS |. BE it enacted by the Genera
Assembly of the STATE Of Iowa, That all tn
parts Of section IS, OF chapter l3s. and sec
lion II Of chapter l73, Of the acts Of tn
Twelfth General Assembly after the wore
provided in said sections be. and tn
same are hereby repealed.
Sec. , That section %, Of said chapter
1873 is hereby amended, by changing tho
word ''one' after the words possessed Of
to t,co 50 that said section as amended shal
read ''posses scd of two hundred thousand
dollars of actual paid up capital
SEC. 3. That section 9 Of said che ptel
l13 is hereby amended. by substituting fol
the words "lpon the basis of the New Yorl
standard Of valuation Of life policies, it be
ing DR.. Farr's English Life Table No. 8, FOL
males, with interest at 8 per cent" tn
words "upon the basis of American Expe
rience Table Of Mortality, and four and ON
half per cent. interest"
Sec. 4. There shall be paid by every
company doing business in this State, ex'
cept companies organized under the laws o.
this State, the following fees: Upon filing
declaration or certified copy Of charter
twenty-five dollars.
Upon filing the annual statement, twenty
dollars.
For each certificate of authority, and GER.
titled copy thereof, two dollars.
For every copy Of any paper filed in the
the sum Of twenty cents per TO-
lilo, and for affixing the official seal to such
copy, and certifying the same, one dollar.
For valuing policies Of Life Insurance
ten dollars per million of insur-
ance for airy fraction thereof. For official
Of companies under this act,
the actual expense incurred.
And companies organized under the Law
Of this State, shall pay the following fees:
For fling and exarination Of the first
application Of any company, and the issu-
dollars.
For fling each annual statement, and is-
suing the renewal Of license required by
law. three dollars. For each certificate Of
authority to its agents, fifty cents.
SEC. 5. When by the laws Of any other
State, any taxes, 6ues, penalties, licenses,
fees, deposits Of u oney or Of securities, OF
other obligations or prohibitions, ore JIM
posed, or would be imposed, on insurance
companies Of this State doing, or that nigh
seek to do business in such other State, o,
upon their agents therein, so long as sucl
laws continue in force. the same obligation.
and prohibitions, Of whstever kind, sha!
be imposed upon vi insura nee companies )
such other State doing business within thi
State, or upon their agents here.
Sec. 6. In addition Il the foregoing fees
every insurance company doing business ii
this State, except joint stock companies or
ganized under the laws Of this State, shall
1T the time Of making the annual state
ments as required by law, pay into the Stat.
reasury as taxes, two and one-half pc
cent. of the gross amount Of premiums re
cei,ed in this State during the preceding
year, taking duplicate receipts therefor
one of which shall be filed with the Audi
tor; and upon the filing Of said receipts
and not till then, the said Auditor shall is
cue the annual certificate Us provided b,
law, and the said sum of Two and one-hal
per cent shall be III full for all taxes, Stat,
and local.
Sec. 7. All Of sections 80, 33, and SO, 0
said chapter 1873, md all Of Sections 10 an,
20, Of said chapter l73, be, and the sam
are hereby repealed.
SEC. 8. This act being deemed by tb
General Assembly of Immediate importan nc
shall take effect and be in force, from ant
after its publication in the State Register
and State Leader, newspapers published o
Des Moines.
Approved, April 23 1872.
hereby certify that the foregoing nc
~as published in the Daily Iowa Stat
Leader, April 30, and in the Daily Stat
Register. April 80, 1872.
ED WRIGHT,