Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1891-06-04
No, 481, Al
CHAPTER ala

l11AG In X 4IS.
AN ACT to regulate mutual. beneficiary. and fra
ternal corporations societies, orders aud associ-
atons, providing insurance on the assessment
plan.
The people Of the state OF Wisconsin represented
in senate and assembly, do enact as follows
Section l. No fraternal or beneficiary corpora-
ton, society," order or association for the relief Of
members or beneficiaries, furnishing life or cans
atty insurance or indemnity upon the mutual ar
assessment plan, shall hereafter be organized or
incorporated in this state, until after declaration
signed by each of the organizers or incorporators
who shall be residents and citizens of this state
shall have been made in writing and sworn 10 bv,
them before an officer authorized by law to nd min
lister oaths and filed in the Office of the cor71,js
sioner of insurance, setting forth that at least Eve
hundred persons have made application in writing
for membership therein, together with the articlaS
OF incorporation or the constitution and bylaws
setting forth the plan and proposed workings Of
such organization; and if approved by the com,
missioner of insurance, he shall issue cert cate
authorizing said corporation, society, order or
association to engage in their business Of
on the assessment plan set forth in sal d articles
of incorporation or constitution and bylaws and
the said corporators or organizers and those who
may thereafter become assOciG ted with them ~
their successors shall be lawfully entitled III tr,s
act business in accordance with the provisions ~
this act
Section .. No fraternaI or beneficiary c,-,,,r.
ton, socety. order or association furnisbing lie
or causslty insurance indemnity up0n fbe ,ort
nal or assessment plan, organized under the laws
OF any other state territory of the Tnitad &C.,
of the District of Columbia or foreign co,ntrt3
nor any voluntary fraternaI or beneficiary cornor
alton, society, order or association having its
principal place of business outside of the state ~
Wisconsin and not now exempt, by chal,ter 2e4 of
the general laws of 1879 and the acts arnendatoTy
thereof, from the general insurance Laws shpg
transact business in this state until IL bss all
with the commissioner of insurance Of the irsur
ance department of this state an application for
admission, upon form prescribed BY the co,nYn;s
sioner of insurance, setting forth its membership
claims paid, resources, etc, together with conv
of its articles OF incorporation, copy Of its con-
sututlon and bylaws copy Of its application. a
copy OF its medical examination blank If one Is
provided for a copy Of its certificate or roIicv
issued TO its members, a certificate from the co,n
missioner Of insurance Of the state or other officer
thereunto authorized in which said corporation so
ciety order or association Is Incorporated or ORGAN
lied, certifying that the said corporation
society, order or assOcia ion is am
thorized to legally transact bnsinass
IN that state, thai its business honesty conducted
andthat FOR period Of two years prior to the daf
OF application for admission, it has paid its claims
IN fuI. and that 1t has accumulated fund eouai III
amount 70 one assessment upon all its mem hers
and that aid accumulation il permitted by the
laws OF the corporation. aud that said funds arr
safely invested provided By the laws of the state
where organized and can only be used as provided
by the laws IF such state, provided that no sueb
accumulation or investment certificate thereof
snail Dc required IF corporations. societies orders
or associations doing business through LODGES or
councils and that the laws Of said states Do not
prevent the admission of fraternal or bepe6ctarv
sahlzed under the laws of the state of Wisconsin
except under the same or similar restrict{ou a
provided IN this get.
Section 3 The commissioner Of insurance shalt 1
70 gesttgBte the character and standing Of ala anch
rafernal or benenciary corporations, societies, /