Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1901-03-23

~ cN!iDlt or Its business and etandir Il
ana the commissioner may al any ,th,.
.lncS require any further statemen, Ii
| may uccm necessary t. be made rrlatin
10 such association
Ahy such assoc1ation wi n acclccts q
| refuses to make the. returns required IL
| inns section shall forfeit five dollars
.1aH Tor each days neglect: and for viii
! luliN making false statement the ~:
! thereto. or subscribing the same. shal
StEeTahy be punished by u fine g. no
| 1,eSS IMAM one hundred nor more than fiv
| hundred dollars.
cnarlty' relief or aid to be paid proviI
ed or rendered. or which has been paid
pror.ded or rendered hy any associa iol
| authorized to do business. uiidcr trlS ac.
! ard as herein provided shall NOT h.. =.
| ahic 70 attachment by trustee. or othc
process. and shall not he seized. taken o.
concentrated u;,,p,i, or applied by any legal O.
equitable process, nor by operation o.
law, TO Pay any debt or LIABILITY of .
certificate holder or any bnnefciar,
thereof existing at the death of sucl
Section 1G. Any solicitor. agent or ex
an'lillnG physician, who shall knnwingl,
or willfully make any false or fraudu;er,
statement or representation in o. -
reference to any application for ,nerc,or
SNIP or Tor the purpose of obt;,iniro
any money or benefit. in any assoc
,,ransaGtinS business under this act. shall
ne guilty of Il misdcmeanor, and ,,m"r
conviction. shall be punished bv :; ;no
e rot less than one hundred nor MN, I'm,
than live hundred dollars. or by jmnris-
nmmcht not less than thirty days nor
nor" IMAM ore year. or both: and anv
person who shall willfulIy make a false
statement OF any material fact or thine
IN ~ II sworn statement as to the death or
diSapii1ty OF certificate holder in any
Snch association. for the burmese Of nr,,.
curing the payment of the benefit named
IN me certificate of such holder, shall he
shams oi peIJnry' and upon conviction,
section IL. Nothing herein contained
shti be construed to affect or appIy Ia
grand or subordinate lodges of Ma sons
odd Fellows, knights OF 'ylhias or sim
liar orders. organized or incornnr.tnd
uh""r the laws of this state. and which
~ ,aot nav as their principal object the
nttnuahce OF insurance certificates Nor
Sha'l anything herein contained apulv tn
domestic corporations or voluntary assn
cations which limit their membership ia
me employees of "A particular CITY or town
fascinated firm. business house or COZ
Po'd'ioh; nor to domestic lodges order;
associations ot "A pIrely religions
bio and benevolent description
which 90 not operate with a view to profit
,thu "hich do not provide for u funera |
hehctt OF more than one hundred dollars
or SICK or disability benefits of more IN, n
on" hundred and fifty dollars. to any on.
person i'll any ono year Provided always
nat any association which has more
than three hundred members and which
ISSUES to any person 4 certificate proyid-
ing Tor tho pam. mt of benefits shall no:
be exempt by the provisions Of this SEQ
Ton. and such associations shall comply
with all requirements Of this act. The in
Surancc commissioner may require Of any
association such Information relating Ia
lis membership ami certificates as will
"nhbI"I MIN to determine whether il is
exempt from the provisions Of this act
And no association which Is cxcmpt hy
the provisions of this section from the. re
Quircmcnts OF this act. shall employ paid
an
any compensation for procuring new
members
Section Is, The insurance commissioner
in person or by deputy. shall have tho
power oi visitation and examination into
The afthirS "f any domestic association
subject to the provisions of this act that
arc conferred upon him bS the provisions
of chapter torty-nine of the revised stat
uteS, provided that he shall not be re-
CURED to make periodical examinations
at domestic associations. Whenever after
examination the commissioner is satisfied
that any domestic association Is not pay
NIX the maximum amount named in its
ppl1GC$ or certificates in full o. Is i'll
such condition as to render further pro
ceedlnES hazardous To the public or its
policy holders or is transacting its bust
ness frJuducntly, or whenever such do
mcst:c association shall. after the cxis-
t"nce 81 on" year or more. have a mem
bcrSillp of less than three hundred. the
insurance commissioner may present the
fIctS in relation to the same to any JUS
tire OF the supreme judicial court: ana
said justice shall thercupon notify the Of
ti""rS of such association of a hearing
and unless il shall then appear that some
special and good reason exists why the
association should not be closed. some
person shall he appointed receiver of such
association and shall proceed at once to
take possession of the books. papers.
moneys and other assets of the aSSoCia-
tion, and shall forthwith, under the d-
re"tion of the court proceed To close the
affairs of such association and to diStrib-
ute to those entitled thereto its funds
IN the rldnncr provided in section seven
of thi, act. For this sci vice tn" receiver
Tav lie allowed out of any fund.-. in pos
session Of the association or which NAV
cone lnerSfrom il To his hands. sGch sum
as the court may determine to he reason
allie and just. When the affairs of til"
association shall be finally closed, the
court shall decree u dissolution Of the
same.
Section T.. Frltcrual beneficiary $3.50
ciat'"ns. organized or incorporated under
the laws of this state, which are trans
acting business herein upon the passage
of tins act, and which limit their MEM
b"rshir to the RENDERS of some particG-
Lar order. class or fraternity may con-
TIM" such business by complying with
The provisions of this act not inconsistent
herewith
section 20 Whenever the commissioner
deems it prudent for the protection Of
the policy or certificate holders in this
state he, or any person whom he may ap-
point. may examine any foreign fratern8!
beneficiary association APPLYING for adj
mission or tranSS citing business in this
state aEd such association shall pay the
expenses of the examination. The com
missioner may employ assistants and foI
the purposes aforesaid he, or any person
he may appoint. shall have free access to
all the books and Papers that relate to
the business of such association and to
the books and papers kept by any of its
o:Sa-izers and may summon ard quality
as witnesses unucr oath. ana examine
the directors. officers. agents. OrganiZcrs
aid trustees of SuCn association and other
persons in relation to its affairs. trans
actions and condition. He may. in his
discretion. accept in lieu of such eXamin-
att IN the examination of the insurance
If the state or country where
such foreign association is organized.
If any such association, or its officers
or agents refuse to SUBMIT to such cX
animation or to comply with the provis-
ions of this section relating thereto, the
authority of such association to transact
business in this state shall be suspended
the commissioner relating to the stand
ing ard affairs of tho association. ara
during such suspension the association
shall not transact any business in this
state
When the commissioner. Cn investir2-
ton is satisfied that any association or
ganZed under the laws of another state
or country. ard tranS1CtinC business I'M
der this act has exceeded its powers. or
has failed to comply. with any provision
of law or is conducting business fraud
;lIently. or that its condition Is such as
to render further proceedings hazardous
to tn. public or to its certificate holders.
or in case any such association snail vote
to discontinue its business he shall notify
al rat sNT n n