Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1878-03-22
IPublIshed March S. ISIS. |


AN ACT to prevent the making and publication NJ
deceptive statements IN relation to the business
OF hre insurance.
1he people of the state Of Wisconsin reprss4,t1 III
senate dhd assembly. do enact as f0tl0tgs:
section ]. ltshall not be lawful for any COMPANY
Corporation, association individual or individuals
under any existing or future laws III tits state Is
transact the business Of fire Insurance within This
state 70 state represent either ~ ADVERTISEMENT
III any newspaper, magazine or periodical Or by
ce 81 renewal thereof or therwise 'y " f3 GrT
as assets to be In possession of any such c0mnauv
corporation, association, individual orindiNiiiMls
and not actually possessed by such company rnrno.
ration, association. individual or indyidiais. Ina
held for the protection of holders of Iolcits Of lire
insurance, ana such statement Shall also show the
amount ayallable and held in the United states
section Every advertisement OF public an.
nounetneht, anu every sign circular or carl here
association, individual or Individuals ~ auy nni,
c fl agent, mat9ager OF legal observation-disclosures
future laws of this state transact the h~ ntSS of
hit insurance within this state which shall pur.
port to make known The financial standing III amy
such company corporations association, inai N6uil
In IN eaSi aud the amount of net surplus of assets
over all Liabilities If such company corporation
available Tor the pay ment Of losses by lire an hrla
for the protection OF holders Of their policies of hre
ally paid in, aud tir fund reserved for reinsurance
OF outstanding risks, ana snail correspond win the
verified statement made by the company. corpora
ton association. individual Or ndtNual> making
of ISSUING me Sam To- the Insurance department OF
TINS stare next preceding the making On issuing ot
tie same.
sections II shall be unlawful fer any esulnl,,y
association Or corporation trdnSaclfng thp TN S,,
OF fire insurance in this state tu publish any State
nrut, ny newspaper advertisement. card 81 IIhrr.
wlSr, which shall represent sad company as tran.
SWllng adillrlcn business than Ii III lGtltty Is In
regard Ia the nature AID class of risks WI4tttIl N
said company.
Section l. Any company, association Or rnrpora-
zion trausacttng the business of fire insurance i'm
this state Shall cancel any policy of Insurance M
any time. by request OF the parry Insured or MI
assignee. and shall return to SAID pitriy the ;,n,,i
OF premium paid, less the customary ,h0It rarf,
premium for The OK pircd time of the fnl Term Inc
said policy has been issued
act shall, for the first olcnSe subject the com Dinr
corporation, aSSocatton individual or indiyi,url5
gully q Sch violation t0a penalty Of five hundred
me people, win costs and expenses Of such prose-
eulion, by the district attorney Of any county I'M
Wllch Inc company, corporation association fhdl-
vidga or individuals shall be located or may trans.
:ct business OF IN any county where sncli ottnse
may BE- committed, and such penalty, Men rrroye
cred Sllll be PAID into the treasury of such Catnty
qlcnt violation shall subject the r0nIpas' ~. iara-
tom, asSaclation individual on individuals guIty
Of such violation to 4 penalty Of not less than one
thousand dollars, which shall he suedfor. recover
ed and disposcd0l iii like manner rs Tor the hrst
olfcnSc
ScctionG. THIS act shallake effect and lie In force
Oh and after July LIST, IS1S.
Approved March Z, ISIS.