The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-01-11
WHOLE NO. l31.

TOWNSHIP FIRE INSURANCE CON- s
PANIES- HOW THE GENERAL
IOSURANCE LAW APPLIES
no THEM.
DEPARTMENT OF INSURANCE
ST. PAUL, MINI, Jan'y 10th, 1877
The legislature Of this state hav-
ing enacted law providing for
and authorizing the formation Of
townships insurance Companies,
approved March 9th 1875, and en-
bodied therein section, (No. .7,(
providing that all companies or
ganized Hereunder shall be held to
compliance with the provisions
Of the general reciprocal insurance
law Of the state, SO far as the same
are appliable thereto, and the un-
dersigned having been, in the
course Of his official duties,request-
ed to decide what portions Of said
title there will beheld appliable to
companies organized under the
township law, deems it his duty to
endeavor to interpret said laws in
their relation to each other, and
to lay down a rule for the guidance
Of companies organizing under
said township law ard those al
ready organized.
| It may be stated, first:---that the
two acts are largely at variance,
the one especially prohibiting GER
tain things which the other es-
pecially authorizes, and that this
: variance and lack Of harmony be-
tween them make it difficult to de-
termine just how far the township
companies are to be governed by
the general law---how far it is ap-
plicable to them. But the legisla-
ture having determined that these
companies must come uuder the
, supervision Of the insurance de-
partment to that extent, at least,
/. that their plan Of organization and
method Of doing busidess will ad-
nit, it remains only for the de-
partment to rule upon the appli.
: cability Of the provisions Of title
three Of the general law, to them.
! Therefore, after fully considering
: the premises,the following sections
y and parts Of sections Of said title
9 three, have been held to apply to
J said township companies, and a
|. compliance Herewith on theil
! part will be duly required.
}, FIRST: Section 3, which requires
y the declaration Of an organization
= to be submitted to the Attorney
General for his approval; and no
y to be operative until so submitted
> and approved.
\ SECOND: Section 4, so far as i
! relates to the investment Of casl
accumulations. a
= THIRD: Subdivision 3, Of Se&
i tion 6, which requires each Coz
ae pany, before doing business, +
g procure from the Insurance Coz
= = missioner certificate that it T.
: complied with the law applicab
!: to it. III
in FOURTH: Section 8, requiri6
( companies to publish their locate
i = in all their advertisements; AZ
IS, Section 9, which defn W
8 estate they may own;
i'd II, which imposes
:. q violating the law il IA
,at s fishing false statement
nd wise E1
liz FIFTH: Section ~,
10 quires an annual state
~ ~ made to the Insuran
ia sioner and the same to
o. and Section l3, vii
bis what said statement
=, also Section IA, R, i
M M,r- & 20, having referen
he subject matter.
es, There are othef po
q e" three which, under ce1
er- ~ stances, should be- hel
Be to apply to the Tow
ced panies, but these circumstancesp y
ern being likely to srise, ii is =
.T1 -. worth while to make = further CO
pa struction ofits applicationI at Il
'ea, time. u
'..s ,ox Pamphlet copies Of the Insuran
~. uau laws Of the State, and snital
the blanks for the reorganization
'ere Township Companies, and blar
ling for the annual statement requir
',ss' Of said Companies, can be had
- "a this Office, on application.
1 Ill a. r. McGILL,
'ls.' Insurance Commissioners