Mower County transcript. [volume] (Lansing, Minn.) 1868-1915, 1872-05-02

or individual. is wholly paid ard ga, 9.
fled, and proof II crcof fled will, such
commissioner by the official cey, ;,ira.e
Of the clerk nh the court in the Gown v
where the jn'i-.nrnt roll is feel ard
Judgment do krtcl. III ," IT,. that tc
same is satisfied Of record and until tic
expense! and fees incurred in the case.
under til" provisions OF ,hir ,l;!r /.
ais" paid by snri, c,,mp,ny. ASS eat:
'rAcr~A'n. ii'u "r individual ~!
the Insurance commissioner sh,'l ais
forthwith c;',l>c notice If such rev.ra
to-" OF authority t." be published 10
some tally newspaper printed and pub
I'shed at the capital of the St,tc, for at
least one week and during the time
such authority or license remains so
revoked it shall be unlawful for the
company, association, partnership, firm
or individual holding such revoked
certificate Of authority, or any Of its
agents or officers, to issue or renew any
policies Of insurance, take any risks, or
transact any business relating to insur-
ancc, except snch as is absolutely nc
cessary ia closing up its affairs il the
State.
Sec. p. All duties hcrctoforc re-
9uired to be performed by. or RESPONSE
bility imposed upon the State Treasurer
Of this State, under tho existing laws
regulating insurance companies, shall;
hereafter be performed by the insurance
commissioner, 80 far as such duties and
responsibilities are not changed, modi-
fed or repealed by this act.
Sec. %. All Insurance companies
doing business in this State, under the
provisions Of this act, shall annually at
the time the certificate of authority is
granted, pay the treasurer Of State two
per cent. Oh all premiums received in
cash aud other obligations, except " ,at
are denominatcd insurance deposit
notes, representing dividends of the
company, by their agents or attorneys
in this State during the year ending on
the preceding thirty first day of Deem
Der, which sum shall be paid into the
general revenue fund, and shall be in
lieu Of all other taxes or licenses to be
collected from said companies in this
State.
Sec. 20. Agents or EMPLOYEES Of
any insurance company doing business
in this State, appointed or authorized
to solicit for applications for insurance
to issue policies. to collect pre-
miums on the same, to adjust losses
or to transact any other duties or bust
ness for such companies, shall be hello
personally responsible t" such compan,
tor all moneys or propricty recei:ed by
them for such company and in cast
any such agent or employee shall EN-
bezz'e or fraudulcntly convert to hi
own use, or shall take or secrete, will
intent to cmbezzIe and convert to hi
own use, without the consent of sucl
company, any money or other propcrt,
belonging to such company, which h
/ shall have collected or which shal
otherwise come i..to his possession, o
shall be under his care or control b
virtue Of such agency or employment
} or shall receive any consideration the
than such allowed by the company, 10
, which he is acting in the settlement o
: adjustment or payment Of a loss. wit
intent to dcfraud either said compan
/ or any insurer. he shall be dcemc
, guilty Of the crime of larceny, and O.
conviction therefor shall be subject t
) the fines and penalties provided b
statute 70: the punishment of larceny
If any person or persons insured il
any company doing business in thi
, State as provided in this act, shall vii
fully make any false statement, unde
) oath, in making any claim or proof c
loss, as required by said company. the
shall be deemed guilty of felony an
: shall suffer the pains and penalties {
, perjury as provided by the laws Of thi
+ State.