Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1878-03-29
GENERAL LAWS OF WISCONSIN.
Published March l6, 1873. j
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AN ACT to amend sections 81 and 80 of cAapter So
OF the general laws OF 1870 entitled An act L
provide foT the incorporation and government o
nie and inland navigation insurance conn anics.t
Ihe peope q ne state q Wisconsin, represented 81
senate dna assembly, do enact as follolUs:
section i Section 81 OF chapter So OF the genera
lows: Section 81. There Shall be paid by ever,
company, association, person or persons or agent
For filing the declaration Or certified COPY Of char
yer herein required, the sum Of twenty five dollars
five dollars; for each certldeate II authority L
agents Of AL companies doing business within thl,
once een cents Der BIO aSaG fdr af xn sa the
seal ~ SAID office and certifying to the same nifty
Dlhc tO erect Insurance under q Joint policy pol.
clss. each any every company th4s combining shall
and every one wrote separate policy or policies
Section = Section 3. of chapter 81 Of The genera
itWS 81 isW - hereby amended 50 rs TO read as fol-
lows Section -. For the purpose of carrying
llnto effect more thorough supervision and exam
dong bushes, IN this state there Is hereby estab
ilShrl y distinct department f Insurance within
lth daNS ater the passage ana publication Of this
atl, Tfe governor hy ana win me consent Of the
Sen4tG Shall appoint some person Who i suitably
hold ms office for the term ~ two years from the
snail hereafter disappointed, Id until hts successor
Shall Rr appointed and qualified unless sooner re-
upon his duties, such Commissioners ~ Insurance
sinai take and subscribe an oath Of office 70 be filed
eute bond 70 tie state u Wisconsin for ihg penal
sum 81 twenty Thousand dollars with tWoor more
sufficient suretics conditioned forthe faithful per-
Torrance Of his duties, which bond when approved
ny tho governor shall he deposited with tile state
treasurer. said commissioner uf insurance shall
have an 0iical seal ANA shall employ such clerical
and other assistance AS lie shan deem necessary.
ana III such xpCnse IN M shall determine Ia MAIN.
tain and Keep sueh department, and u enable him
ductpd ali Examinations III thr business ana afairs
Of Insurance companies that are or may bc requir-
ed ny raw and generally tocNeWiSc such Superyts-
ron and control over Insurance companies doing
%
Tlded, that the whole amount " expenses Of such
amount Of fees paid NJ insurance companies dur
Ing such year; and. prordsd that such expenses
one ycatr, Shall exceed ne, sum u Thirty five hum
dgcd dollars: md prgtfkd t'.rthr that the amount
lars, received from tire and life insurance compa-
MES, ~ virtue Of anyicxlsting law of this state,
anr to the state treasurer and 10 into the general
fund. 4 statement Of TIE recefpts, ana dkburse,
report Of said commissioner Of insurance.
Sections. Section 80 Of chapter 50 Of tile general
lows; Section 80 Whenever examinations SHAH
be made II any Insurance company W me com
o asi@ y ill., = arRs II sad dc~ai ~ S IT :.
Shall he made on such examination but fOr nerrs-
sary travelling aud other actual expenses a0d all
charges for making examinations of amy Insurance
company and all charges against amy company ~
All attorney or appraiser " Tins department. SHAN
he presented IN the form ut an tcni1cd btll, when
shall first DC approved by the said commissioners
and then audited ny the secretary of state, and
paid On his warrant, drawn IN the usual manner
upon the state treasurer, 10 the person persons,
making such examination: and the company OK
amnCd, ON receiving aeettted copy Ut Sain htll VI
charges rs audited, and paid by tile secretary Of
state, shall repay the amount Of the same to the
state treasurer To replace the money drawn out rs
above provided for, ana No company examined
shall either directly OF Indirectly pay, by WAY NJ
gift, granitY or otherwise, any other 81 further
sum. to said commissioner or examiners Ion ser
Wees extra services, or for purposes 81 legiSttVn
or On amy other pretCnSe Whatever. said commits
Sinner examiner, ANY officer, clerk OF ether Gll
nlOye, Of any Insurance company, violating the
provisions Of this section shall be guilty ~ 1ntSe
mranUr. Said commissioner uf insurance, m his
discretion shall not be required 70 make an eNttMi=
nation of such companies. organized uutSldeuGt slS
state III states where, under the LAWS thereof they
arc similarly supervised by and under the proper
oficrr, us IN such awS provided; aud such officer
shall furnish, whenever required 70 Ho 50 nv the
commissioned Insurance, II eertlhgatt and STATE
mGnt exhibiting the soScHpy 0t such company.
The secretary nf state shall deliver t. tile commits
siOner Of insurance all books. records and papers
IN his Oiiee relating the subject ~ Insurance. Ia
be kept and preserved by said commissioners ~ his
office.
Seetinn4 The superintendent Of public property
IN hereby directed 10 provide the c0nUiSslnnefut
insurance With suitable accommodations III tile
capitol Tor office purposes aud also 10 furnish him
such stationery as liz may need IN the performance
Of HIS duties and lie shall be furnished with neceS
sary postage and blanks III the same manner AS
other state officers are furnished
Section5 This act shall take effect and hF In force
from and after its passage and publications.
Approved March ", ISIS.