Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1878-04-04

Published March Is, 1878 |

OnAI LIN 2l4
AN ACT to amend sections 81 and SO Of chan
ter IS, of the general laws Of 1870, entitled
can actto provide for the incorporation and
government Of fire and inland navigation in-
suranee cohpanie !.
The people of the state of Wisconsin. repre-
sented in senate and assembly, do enact as
follows:
Section l, Section 81 of chapter Sc Of the
general laws Of 1870 is hereby amended 50 as
to read as follows: Section 81. There shall
be paid by every company, association, per-
son or persons or agent, TO whom this act
shall apply, the following fees For fling the
declaration or certified copy Of charter herein
required. the sum of twenty-five dollars for
fling the annual statement required twenty
FIVE dollars for each certificate Of authority
to agents of all companies doing business
within this state one dollar; for every copy
OF paper filed in his Office fifteen cents per TO-
liza aud for affixng the seal of said Office and
certifying to the same, fifty cents In case two
or more companies shall combine to effect in
surahce under a joint policy or policies, each
and every company thus combining shall paw
the fees provided herein. the same as If each
and every one wrote separate policy or poll
eies
Section o Section 80 Of chapter So of the
general laws Of 1870 is hereby amended so as
to read as follows: Section SO. For the
purpose Of carrying into effect a mere thor
ough supervision and examination of the az
fairs Of all insurance companies doing busi-
ness in this estate, there is hereby established
distinct department of insurance within ten
DAYS after the passage ani publication of this
act The governor, by aud with the consent
of the senate, shall appont some person who
is suitably qualified a commissioner Of insur
ance, who shall hold office for the term of two
wears RON the first Monday Of April in the
year in which be Is or shall hereafter be APP
pointed and until his successor shall be APP
pointed and qualified unless sooner removed
for cause bv the governor. Before entering
upon his du'ies such commissioner Of insur-
ance shall take and subscribe an oath of Office
TO be filed with the secretary of state, and
he shall also issue a bond 10 the state of Wis
consin forthe penal sum Of twenty thousand
dollars with two or more sufficient sureties
conditioned for the faithful performance Of his
duties which shall be deposited with the state
treasurer Said commissioner of insurance
shall have an official seal and shall employ
such clerical and other assistance as he shall
deem necessary, and at such expense as he
shall determine, to maintain and keep snch
department and to enable HIM to take charge
Of and cpbduct. or cause to be conducted, all
examinations Of the business and affairs of in
suranoe companies that are or may be re-
quired bv law, and generally to exercise such
supervision and control over insurance com
nanies doing business in this state as the Law
may require: provided that the whole amount
of expenses for such department in each year,
shall not exceed the amount of fees paid by
Insurance companies during such year; aud
pra0ided that such expenses, including COM
e ia
shall exceed The sum of thrty-fve hundred
dollars and 0ropide9 further, that the amount
Of all fees over and above thirty five hundred
dollars rece ad from fire and life insurance
companies b. virtue Of any existing law of
this state shall be paid over by the commits
sioner of insurance to the state treasurer, and
90 into the general fund. statement of re-
ceipts and disbursements of his Office shall be
included in the annual report of said commits
sioper of insurance
Section 8. Section 80 Of chapter IS of me
general laws Of 1870 is hereby amended so as
to read "a follows: Section 80. Whenever
examinations shall be made of any insurance
company by the commissioner of insurance
personally. or by one or more of the clerks of
said department.. no charge shall be made on
such examnat ons but for necessary travelling
and other actual expenses, and all charges for
panv and all charges against any company by
an attorney or appraiser Of this department.
shall be presented in the form Of an itemized
bill which shall first be approved by the said
commissioner and then audited by the secre-
tarv Of state, and paid on his warrant, drawn
in the usual manner upon she state treasurer
to the person or persons making such examine
ton and the company examined on receiving
certified copy of said bill of charges, as
audited. and paid by the secretary of state
shall repay the amount of the same to the
state treasurer to replace the money drawn
out as above provided for, and no compan.
examined shall either directly or indirectly
pay, by way Of gift, gratuity or otherwise, any
other or further sum 10 said commissioners or
examiners or services, extra services, or for
purposes of legislation, or any other pretense
whatever, said commissioner, examiner, or any
officer, clerk or other employe, of any insur
ance company violating the provisions of this
section shall be guilty ola misdemeanor. Said
commissioner OF insurance, in his discretion
shall not be required 20 make an examination
Of such compaaies organized outside Of this
state, in states where under the laws thereof
they are similarly supervised by and under the
proper officer as in such laws provided; and
such officer shall furnish whenever required to
do so by the commissioner of insurance,
certlhcate ard statement exhibiting the sol-
vency Of such company. The secretary of
state shall deliver to the commissioner of in
surance all books RECORDS and papers in his
office relating 20 the subject of insurance to be
kept and preserved by said commissioner of
insurance in his office.
Section 4 The superintendent of public
property is hereby directed to furnish the
commissioner OF insurance with suitable ac-
commodations in the capitol for office pur-
poses, and also furnish him with such station
cry as he may need in the performance of his
duties, and he shall be furnished with the
necessary postage and blanks in the same
manner as other state officers are furnished.
Section 4. This act shall take effect and be
in force from and after its passage and publ
cation.