The weekly Oskaloosa herald. [volume] (Oskaloosa, Iowa) 1855-1885, 1872-06-06
CHAPTER 2O5.


AN ACT to amend Chapter 1873 and 173 of
the Twelfth General Assembly, toregu-
late Insurance Companies.
AsssnSy sa se@s,sf * as ss
all the parts Of section 30, of chapter 1873.
and section IL of chapter 173, of the acts of
the Twelfth General Assembly after the
word provided in said sections be, and
the same is hereby repealed. -. nea--,-.
Sec. e. That section % of said chapter
1873 is hereby amended, by changing the
word "onep after the words possessed of
to tuo so as said section as amended shall
read possessed of Two shundredg thousand
dollars of actual paid up capital - I..rR &, q
Sec. 3. That section 9 of said chapter
173 is hereby amended by substituting the
words "upon the basis of the New York
standard ofvaluation of life policies, it be,
ing}DE Farr's English life Table No. 3 for
males, with interest at per cent" the
the words upon the basis OF, American
Experiences Table of Mortality, and sfour
and one half per cent, interest" ~t
Sec. 4. There shall be paid by every
company doing business in this State, ex-
cept companies organized under the laws
of this State the following fees: Upon fl
ing declaration or certified copy of charter
twenty five dollars q "a an az asa -
Upon filfng the annual statement TWEEN
ty dollars. gwen Bfe22 al1EssEs JGl
For each certificate of authority, and
certified copy thereof two. dollars.
For every copy of any paper filed in the
department the sum of twenty cents- per
folio, and for affixing the official seal to
such copy and certifying the same, one dol
lar. II 81 VI vi tII 1ti / t14t
For yaluing policies of Life Insurance
Companies, ten dollars per million Of in
surance or any fraction thereof. For OH!
characterization OF companies under this
act, the actual expenses incurred. e..
And companies organized under the law
of this State, shah pay the following fees
For filing and examination Of the first
application of any company, and the issu-
ing of the certificate of-license thereonS ten
dollRls. 4ssaa7r ~ zea rsaFsa E~r~sa
For fling each annual statement,an issu
ingthe renewal Of license required by law,
three dollars. For eachcertifcate of auth
ority to its agents fifty cents "a
Sec.5 8. When by the lawssof any state,
any taxes, fines, penalties, licenses, fees,
deposits of money or securities, or other
obligations or provisions, are imposed
or would be imposed, upon Insurance
companies of this State doing or that might
seek to do business in such other State, or
upon their agents therefn, so long as such
laws continue in force, the same obliga-
tons and pronititions, Of whatever kind,
shall be imposed upon the insurance COM
panies of such other State doing business
within this State, or upon their agents
here. sos 1s.alsf 80 ~. ~.
Sec. g. In addition to the foregoing fees
every Insurance company doing business
in this State, except joint stock companies
organized under the laws of this State
shall at the time of making the annu al
statements as required by law, pay into
the State Treasury as taxes, two and one
half per cent of the gross amount of pre-.
miums received in this State during the
preceding year, taking duplicate receipts
therefor, one of which shall be filed with the
Auditor; and upon the filing of said re-
ceipts. and not till then, the said Auditor
shall Tissue the annual certifi .ate as provided
by law the said sum of two and one half
per cent. shall be in full for State and
local I1'ifa % 20 Ess* % 111B tfffo 9.tEI 81 Q
Sec Z. All OF sections 80, and 33 and 80
of SAID chapter 1873, and all of sections 10
and 20, of ssid chapter. 173.. be and the
the came are hereby repealed
sass act being Of
after the publication in the State Register, and
STATE Leader newspapers published at Des
appsss sGs Spsill %, 1874. l9SE1E3 Ell {
VI ssss
and Leader April 80, ls7a.
aasTaiasFs W yeaozs Secretary OF State