The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1899-01-03
THE wEILEP BILL
Places Beneficiary Societies Under
State Regulation.

state Regulation.
The weilep bill, regulating fraternal
benefit societies in this state, passed
by the house this morning, is a protec-
tive measure in favor of the established
fraternal benefit societies. 1t places all
such societies under the supervision of
the superintendent of insurance. The
section shutting out wild cat" fra
ternal societies reads as follows:
ANY such association coming withiU
the description as set forth in this act,
organized under the laws of any other
state, province or territory, and not
now doing business in this state, shall
be admitted to do business within this
state when it shall have filed with the
superintendent of insurance a duly
certified copy of it's charter and articles
of association, and a copy of it's con-
stitution and laws, certified to by it's
secretary or corresponding officer, and
a statement of it's business during the
preceding year, together with an APP
pointment of the superintendent of in
surance of this state as a person upon
whom process may be served as here
matter provided; and provided that
such association shall be shown to be
authorized to do business in the state,
province or territory, in which it is in
corporated or organized in case the
laws of such state, province or territory
shall provide for such authorization and
in case the laws of such state, province
territory do not provide for any
formal authorization to do business on
the part of any such association, then
such association shall be shown to be
conducting its business in accordance
with the provisions of this act. For all
the purposes of this act the superin-
tendent of insurance of this state may
personally, or by some person to be
designated by him, examine into the
condition, affairs, character and bust
ness methods, accounts, books and in
VeStmentS of any such association at
its home office, which examination shall
be at the expense of the association,
provided that such expense shall not
exceed the sum of fifty dollars, and
necessary travelling expenses, and such
examination may be repeated when
ever deemed necessary by the superin-
tendent of insurance. No such aSsocia-
ton, organized under the laws of any
other state, territory or province, shall
be admitted to do business in this state
unless it is shown that one assessment
upon its members, at the current rates,
will produce sufficient funds to pay
claim under it's largest certificate, in
full"
II provides for a license fee of $25 for
authority to do business in the state,
on condition that any new company
asking for such authority shall have at
least 500 bona f1de applications for
membership, a benefit fund established
and cash deposited therein to an
amount at least equal to twice the
amount of the lowest certificate pro-
posed by said association.
In the event of any society failing to
report to the superintendent of insur-
ance, as provided in the bill, or take
steps to remove any suit to the federal
court, or fail to pay any judgment rem
dered against it in any state court the
act makes it mandatory on the attor-
ney general to commence injunction
proceedings to prevent such society
from soliciting new business. In the
event of a perpetual injunction the ap-
pointment of a receiver to wind up
affairs, is required.