The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1895-06-28
NOTICE.
STATE OF KAN sAs,
1NSURANC DEPARTMENT.,
TOPEKA, June n, 1895,

1t having been made to appear, on eXamiDa-
ton of the records of this department, that the
following mutual assessment life insurance
companies. viz The Bankers Life association
of DeS Moines. Iowa; the Massachusetts Bene-
fit association of Boston, Mass; The Bankers
Alliance of Los Angeles, California, and the
Northwestern Masonic Aid association OF Chi
cago, Ill, were admitted and authorized 10 40
business III Kansas Without compliance with
the conditions aud requirements OF an act Of
the legislature of the state, entitled IAN act
providing for the organization and control of
Mutual Lie insurance associations in this
state approved March 9TH, 1885, and which
said act (section 3,454, general statutes, 1882
provides, as condition precedent to the adj
mission of said companies that:
THE officers Of each such associations hay
ing custody of the papers or funds thereof,
shall enter into a bond TO the state of Kansas,
for the benefit of the party Interested, III the
sum of fifty thousand dollars, with three or
more sureties, to be approved by the superin-
tendent of insurance, conditioned or the faith
full accounting for and proper payment and dis
bursements to the legitimate purposes OF the
association, of all the monies thereof which
come into their hands, and for the fair hful per
Torrance of all CONTRACTS made with its csftlh-
cate or policy holders"
1t having been made to appear, on examina-
tiOn of the records of the state treasurer, fur
theF that the said companies after having been
thus unawfully admitted to the state. having
failed TO comply with the said acs OF the iegisla-
ture (section 3.459 general statues, 1887 Whlch
provides as follows: 80
There shall be set aside and deposited with
the treasurer Of this state, as provided by sec
ton eleven of this act by every mutual NE IN
surance associatioh doing business IN this state
nader the PROVISIONS of this act as a guarantee
fund. not less than ten per cent from each as
sessment made for the payment OF death cIatTns.
The said reserve shall be deposited and held
as hereinafter provided. and shall pe Kept sa-
cred and paid out only in the manner ana for
the purposes he rein named.
And these facts. of unlawful permission TO do
business in this state, and there contln uance of
said business in disregard and contempt of
their Obligations to the state, arising after such
admission having been brought TO the notice
of said companies by this department. with op-
portunity 20 comply with the law as to the CIV
inr of a bond and the deposit of the requfr ed
n1iarantee fund, and each of said companies
Ravng failed or refused to comply with the
law as a condition of remaining in the state
with right to continue the business of life In
Sufance.
NOW therefore, by virtue of power vested in
me as SUPERINTENDENT of Insurance. hereby
revoke all authority heretofore given, or pre-
tended to be given, to the said companies here
inaboye enumerated by name and residence in
the state of Kansas, and do cancai each and
every license heretofore issued to the agents
of either or all OF said companies warning them
against doing or attempting to do an insurance
business in the state of Kansas. either as prin-
cipal or agent, from and after the day and
date hereinaboYe written.
Attest; GEORGE ]. ANTHONY,
Superintendent.