, 1879-06-07

An act was passe4 requiring all Insurance
companies ol utlIer States or Countries doing
any kind Of business In this Statc, except lise
insurance, to comply with the Gcnera Fire mud
Marine INSURANCE Inv IT tho Stntc. But the fol-
loving special provision aud exception Is nnatsc
for ptnteEass, urttuentt nlu Etcasll-DOtler 1rslr
ance cotnpAntcs:
No Plate .Hlafn, ACCIDENT, or Stcam- boiler III.
suEenco Company Anll BE- required to Ilayon larger
capital than slDJ. QUO actually patti up: nor shalt
ness in tas state witaont having previously depos
lied with he siate Treasurer u th!s state. OF with
atce OF The State where such Company IL organized,
accnrltlcs. duly ussiEncd su suc nlCor In trdt for
tue beneht Ut tts policy-Huders, the nargot vAluu
yal depostt shall costst Of Auct ttEo securities ~
F,rr.lasarance conpaniea ars. by tle general !n'
LlGItrAtHu,
The first section Of the general net relating to
Fire, ctc., insurance Companies, Is amended BY
insertlng damaged by lightning ns a'nong tho
risks Companies organizcd unacr THE act may
iusut4 against
srr. Ut tIie amendatory act seeks to bud
co,upantea thut have uesGtpturu issued policies
against loss Or damage BY lightning. THIS scc-
ttun Is not mentioned in the title to tlie art,
Which merely refers to Sec. !. II Il Is to be
taken as au amendment nf Sec. . OF the general
law, then the provision Ut tint SECTION as to re-
Insurance will bu entirely omitted.
NET RECEIPTS or rREcEDlsa YEAR
Sec. 90 Ut the same general law Is amended
by Inserting thu Wort!a, "for tho prcctl!1lE
ycar,n which supplies ut nppArcut omission iu
tllt law III to tho period for which the agents Ut
1orcign tfre cunlpsnlcs must fun Alay y an
uusl1y report their uot receipts fof taxation.
Assets.
An act wus pussea which seeks to prevent tlro
tnsuraueo companies tr0Eu advertising anything
~ assets lat IL not available for the pnyEne.t o.
losses. All advertisements must state the capt.
ta aetunly paid ill., u,d the urt SURPLUS oyur I'LL
liabilities, and which Is primarily ]iab!r FUR pay.
mcnt Of losses. Il single item showing tlle uu'
t.,orlzeu or subscribed capital tuaY BE- statca In Il
policy or certificate of renewal. hut this Is lttt-
eu tu six months from tle tnssass VI the net,
except I'LL 10 policies or TttesrAlS u!rcady prltG1
u,ld now cotntt, such. Fiolatlous of the act urI
puntslIcd pr tEllv Tor first utreHgo Ut &5U0 my
suhseuusnt OiIc,lse Ut u, ,u0j, nli pcra!stent
yluldttuM by revocation Of right to do business.
70 PREVENT REMOVAL or SUITS TO UNITED
STATES C0l1RTs.
Az oct WA passed which requires all tua1r-
nMcu companies, In addition kU complying with
Tie present Insurance. laws Of the Atate, to Alu
with tic Auditor declaration, duly sfgnea anu
sgaIed that Il desires to tratlhaet Tilt business
Ut ln4usa.eu tu thus state, ull will accept u u
censu tllrstfor according tU tho laws u tits
Htate, a.Ml that sucll ltcGilst Hhlll ttrtlAAta
WlencpGr II shall rGEnUVrt Ur Muke application
to lvu.oyy, !!ttu any untteu Stutea CURT auy
action Or proceeding rntnmciletd III any stats
Coust TIL ai,y elal.ss arising ons OF Any csntsact
uf insurance. ut,less llc assured sAull SD aIreu.
TIIu net Ii slli,snr to tllu Wisconsin, law on ths
BuGjprt, aud provides penalties hy Illus ulla rev.
ucattull vi license tor tla enforcement.