River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1878-03-28
LAWS OF WISCONSIN.
OFFICIAL PUBLICATION. |
Published March 16, 1873.
pTER OLD

CHAPTER PA.
| AN ACT to amend sections 81 and 81 of chap
ter g. of the general laws of 1870, entitled
| "An act to provide for the incorporation
and government of fire and inland nayiga-
ton insurance companies"
! The people of the State of WISCONSIN, repre-
sented in Senate and Assembly, d. enact
as follows:
Section /. Section 81 of chapter So of the
general laws of is hereby amended so as
to read as follows Section 81. There shall
be paid by every company, association, person
or persons or agent, to whom this act shall
apply, the following fees: For fling the de-
claration or certified copy of charter herein
required the sum OF twenty-five dollars; for
fixing 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 folio,
and for affixing the seal of said office and GER
tifying to the same, fifty cents In case two
or more companies shall combine to effect IL
surance under joint policy or policies, each
and every company thus combining shall pay
the fees provided herein, the same as if each
and every one wrote separate policy or poll
cies.
Section 2. Section 80 of chapter 36 of the
general laws of 1870, is hereby amended so as
to read as follows: Section 81. For the PER-
pose of carrying into effect more thorough
supervision and examination of the affairs OF
all insurance companies doing business in this
State there is hereby established distinct
department of insurance within ten days after
the passage and publication of this act. The
governor by and with the consent of the Sen
at e, shall appoint some person who is suit
ably qualified, a commissioner OF insurance,
who shall hold his Office for the term of two
wears from the first Monday of April in the
year in which he is or shall hereafter be APP
pointed and until his successor shall be APP
pointed and qualified, unless sooner removed
for cause by the governor. Before entering
upon his duties, such commissioner oil Insur-
ance shall take and subscribe an oath OF office
to be filed with the secretary Of State, and he
shall also execute bond to the State of Wis
consin for the penal sum of twenty thousand
dollars with two or more sufficient sureities
conditioned for the faithful performance Of
his duties, which bond when approved by tn,
governor, shall be deposited with the State
treasurer Said commissioner of insurance
shall have an official seal and shall employ
such clerical and ether assistance as he shall
deem necessary, and at such expense as he
shall determine, to maintain and keep such
department. and to enable him to take charge
of and conduct, or cause to be conducted, all
examinations OF he business and affairs of in.
suranee companies that are or may be requir-
ed by law, and generally to exercise such
supervision and control over insurance com-
panies doing business in this State as the law
may require; provided, that the whole
amount OI expenses ot suCu utpdItHltiNg III
each year, shall not exceed the amount of fees
paid by insurance companies during such
year; and proUided, that such expenses includ-
ing compensation of commissioners, in no
one year shall exceed the sum of thirty five
hundred dollars; and )rovided further, that the
amount of ali fees over and above thirty-fve
hundred dollars, received from fire and life
insurance companies, by virtue of any exist
ing law of this State, shall be paid over by the
commissioner OF insurance to the State treas
urer, and go into the general fund. state
ment of the receipts and disbursements Of his
office shall be included in the annual report
Of said commissioner reinsurance.
Section 3. Section 30 of chapter 30 OF the
general laws of 1870, is hereby amended so as
to read as follows: Section so. Whenever
examinations shall be made OF any insurance
compauv BY the commissioner Of insurance,
persoaaHy, or bv one or more OF the clerks OF
said department. no charge shall be made on
such examination but for necessary travelling
and other actual expenses, and all charges OF
of any insurance comp
anv, and all charges against any company by
an attorney or appraiserof this department shall
he presented in the form OF an itemiZed bill, |
which shall first be approved by the said com
missioner and then audited by the Secretary OF
State, and paid on his warrant, drawn in the
usual manner upon the State Treasurer, to
the person or persons. making such examina
ton: and the company examined, on receiy |
ing a certified copy of said bill Of charges, as
audited, and paid by the Secretary Of State, |
shall repay the amount offthcsame TO the State |
Treasurer to replace the money drawn out, az /