Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1899-02-02
CLOSING OF TEE BANK
las Set Members of the
legislature to Guessing.
)RKHOUSE BILL INTRODUCED
fides for a County Bond
Issue of $15O,OOO.
|fhs Proceeds, n workhouse Is to be
Ned aud Arrangements Made for
biahing Employment TO Prisoners In
| Castle County Jail.

notice of an act to regulate the
Jess of fire insurance companies.
rovisions'follow:
less in this State shall, for the
pses of this act, be classified and.
led into domestic, State and for
companies. Domestic companies
include only companies organized
the laws of this State. State
banies shall include every fire in
bee company Incorporated under
laws of any State of the United
b of America other than this
Foreign companies shall include
fire insurance company incor-
Ted under the laws of any State,
bn, government or country other
one of the States of the United
land shall also include every State
Domestic company whose charter
be owned, or majority of whose
shall be controlled, by or whose
hess shall be carried on in the
rest or for the benefit of any fire
ranee company incorporated under
laws of any State, nation, govern
t or country other than one of the
les Of the United States of America.
be president and treasurer or other
6 fiscal officer of every such do
tic and State company doing bust
in this State shall, annually, on
before the first day of February,
BRIT under oath to the. insurance
missioner of this State the amount
|ross cash premiums received and
return premiums paid to policy
1ers for the preceding calendar year,
n or on account Of insurance effected
n property located within this State.
Try such State and domestic COM
n shall pay percentage as herein
! provided upon the net premiums
lied from insurance effected upon
perty located within this State,
Oh net premium shall be ascer-
ed and determined by deducting
b such gross cash premiums re-
led the amount of return premiums
shall have been paid to policy
hers within this State. ~
he president and treasurer, or other
ef fiscal officers, of every such for
b insurance company doing business
this State shall, annually, on or
pre- the first day of February, report
Ter oath to the insurance commits
per Of this State the amount of gross
MUM receipts for the preceding
endar year upon insurance effected
bn property located within this State.
very such domestic company shall,
ually, on or before the FIRST day of
Fil of every year, pay to the insur-
10 commissioner a sum of money
al to ns per cent upon its net
MUM receipts, ascertained and de-
mined as aforesaid. Every such
to company shall, annually, on or
pre- the first day of April in every
/, pay to the insurance commits
Ter, as a condition Of its right,
Filege and franchise to transact
iness in this State, a sum of money
al to 11a per cent upon its net
nium receipts, asccertained and
ermined as aforesaid. Every for
insurance company shall, annually,
pr before the first day of April in
ry year, pay to the insurance COM
sioner, as condition of its right,
Filege and franchise to transact bust
within this State, "a sum Of money
al to per cent OF its gross premium
bipts, ascertained, determined and
orted as aforesaid, and without any
uction whatever.
7 shall be the duty of the insurance
bmissioner to charge and collect
m all such companies the sums of
hey required to be paid by any
vision of this act; provided, how
b, that, if by the laws of any other
tie, territory or nation, a greater
or payment than those imposed by
; act is charged to companies or
lied under the laws of this State,
IN the insurance commissioner
Ii charge and collect like tax and
ment from companies of such State,
fitory or nation doing business ia
State. If any company shall
fleet or refuse to make the payments
uired by this act, after demand
refore has been made, or if il shall
Ike any false statements or report
Her the provisions of this act, the
nrance commissioner shall revoke
license of such company doing
iness in this State. If, at any time,
State insurance commissioner. has
son to suspect the correctness OF any
ort required by this act, he may,
The expense of the State, make an
limitation of the books of the conn.,
y making such report or of its
nts, for the purpose of verifying the
pe; and, il such examination shall
ermine said report to have been in
rect, the expense of such examina-
shall be borne by the company
PINNED, in addition to other penal
herein provided. All moneys de-
ID by the insurance commissioner
Hen this act shall be paid by him to
State treasurer. The payments re-
a1red to be made by the State and
reign companies by this act, and all
'ch payments herein required, are
ended to be, and shall be, a con-
ION of the right, privilege or fran
se of any such company to transact
iness within this State.
sToRIcAL socIETY's APPROPRIATION.
representative Rose has received
n Henry G. Conrad, librarian of the
torical Society Of Delaware,a letter,
ch says: ..It would have been very
Psing to our membership If your
bmittee could have seen its way
pr to have appropriated $500, as we
uired, but, Knowing the conserva-
feeling that exists among the
mbers of your body, we feel that, in
pmmending the appropriation Of
Y, you were doing very fair by us,
with that amount, we feel sure
u the usefulness of the society can
materially extended. There is nc
Fiency to criticise the action of your
pmittee, but, ON the contrary, !
nt to assure both you, as chairman,
the entire membership of the COM
tee of our feeling of qualification
d the sum which has been recon-
lded by your committee.
70 date, so bills have been intro.
led in the House, and 10 in the
ate.
enator Lewis has introduced an act
bling physician holding the
Iona IF n ranouni1a1 f,aI;oal ool