Mower County transcript. [volume] (Lansing, Minn.) 1868-1915, 1872-04-25

~. 10 send copy Of his annual
report t. the insurance commissioner
or other similar officer, Of every other
State, and to each company doing busi-
ness in this State.
23. On request to communicate to
the insurance commissioner Of any 9TH
CIR State III which the substantial pro-
Visions OF this act shall be enacted, any
facts. which, by law, it IL his duty t.,
ascertain respecting companies of this
State doing business within such other
State.
-. To adopt and to renew, from
time to time. when necessary, with the
approval Of the Governor, a seal Of
office, and impression and description
whereof, with the Governors certificate
OF approval, shall be flied in the Office
Of the Secretary Of State.
70. 1t shall be his duty to see that
no company shall be hereafter permit
TED to issue policies Of insurance on
lives in this State, that docs a fire.
marine, or inland insurance business
And, in determining the capital or as-
sets Of any fire insurance Company, the
commissioner shall exclude all notes
given tor premiums upon policies is.
sued.
Section i. The insurance commits.
sioner, for the purposes Of examina-
tions authorized by law, has power,
either in person or by one or more ex-
aminers, by him commissioned in writ
ing:
l. To require free access to all
books aud papers within this State, Of
any insurance company, or the agents
thereof, doing business within this
State.
2. To summon and examine any
person being within this State, under
oath, which he or any examiner may
administer, relative to the affairs aud
condition Of any company.
3. For probable cause, to visit, at
its principal Office, wherever it may be,
any insurance company not of State
in which the provisions Of law contain
ed in this act shall be in force, and do
ing business in this State, for the pur-
pose Of investigating its affairs, and
condition; ard t. revoke its certificate
in this State, ii it does not permit IN
examination.
4. To revoke or modify any certid.
cate Of authority, when any conditions
prescribed by Law for granting it no
longer exist
5. The insurance commissioner has
also power to institute suits and prose
cutions, either by the Attorney Geuer-
al, or such other attorney as the COM
missioner may esignate, for any viola
ton Of this act; aud the commissioner
is necessary party to any proceeding
instituted for the purp pose Of closing up
the affairs Of any company, when the
same shall not be In the name Of the
State.
Section 5. Whoever, without just
fable cause, being within this State. re-
fuses to appear aud testify before the
commissioner, when so required, or oh
structs him in the discharge OF his duty,
shalt, tor each offence, be punished by
fine not exceeding one thousand dol
lars, or BY imprisonment not exceeding
one year.
Sec. 6. Every instrument executed
by the commissioner of this State, or
any other State 10 which the substan-
tial provisions of this act shall be en-
acted, pursuant to authority conferred
by this act and authenticated BY his
seal Of Office, shall be received as evil
dencc in this State aud copies Of pap: r.
in his office certified by him, and 20 au:
thenticated, shall be received Us evidence
within this State with The same effect
as the originals.
Every such instrument SO executed
and authenticated by the commissioner
Of this State shall be recorded in the
same manner, and the same and 1t,
record shall have the like effect az i
acknowledged or proved according t.
law.
! The impression Of the seal may b.
directly on paper, with or without
tenacious substance.
| Sec. Z. There shall be paid by ev
cry company to whom this act applies
the following fees toward defraying tn
expenscs Of executing its provisions:
! Upon filing the declaration or certi
fed copy of charter, twenty-five dol
lars.
Upon fling the annual statement o,
certificate in lieu thereof, twenty dol
lars.
! For each certificate Of authority ant
certified copy thereof, one dollar.
! For every copy Of any paper 6let
with the commissioner, the SUM Of TWEEN
ty cents per folio !; and for afixing tn
official seal to such copy and certifying
the same, one dollar
For valuing policies Of fife insurance
companies. ten dollars per million Of in
surance, or any fraction thereof.
| For official examinations of compan
les u"der this act, the actual expense,
incurred.
For countersigning and registering
policies and annuity bonds, the reason.
able expenses Of custody. registration,
and issue
All fees or fines received or collect
cd BY the commissioner under the pro-
visions Of this act, shall be paid over to
the State Treasurer, accompanied with
q statement in detail on the last week
day Of every month.
Sec. 8. In case the necessary ex-
pcnses Of said commissioner exceed the
amount of fees collected under this act,
and paid into the State treasury, Tex
elusive Of the tax upon premiums), the
excess Of such expenses shall be annu-
ally assessed by the commissioner, in
enu;,l sharea nnon al tho ;nauranco