The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1903-05-06


first, Fifty Dollars each subsequent offence
16 Every insurance doing business in
Territory shall:
First-on or before the 18th day April of each year
Commissioner, by oath of its
principal officer residing within the Territory by
principal officer of the company, which state
ment Territory dur
ing year ending December preceding
shall contain complete list of agents in this Territory
Make and file with the Commissioner before the
day of April statement verified by the
of the president principal officer of such
showing the condition of such the s1t day Of
December next preceding and such statement shall show
1. The amount of the capital stock of the company
3 The property assets held by the
s. liabilities company, which in the
Companies
fifty per outstanding premiums and
which the Life Companies must be
pued either American experience
combined experience table of mortality with interest
than per per annum.
The income of the company during the preceding year
The 0 outstanding on day
December preceding.
Every authority granted pur-
the provisions of this Act Company
corporation business this Territory shall expire
the fifteenth day of April after the date of issuance.
of investments required by
this Act be filed the Office of the Commissioner before
certificate of authority is granted company shall be
from year year. prescribed Section this
Act If the Commissioner capital,
securities and investment secure that may
safely entrusted with continuance of it's authority
mess this Territory, he shall certificate
thority
No company or corporation organ
lied outside this Territory permitted
in this Territory until company
Commissioners of attorney which shall authorize
resident of this Territory make accept any
proceeding in Court in this Territory United
States herein attorney of organization
appointed under the provisions of this shall
the Territory disqualified any ac
cepting service any Territory
have any claim by virtue policy by
organization represented by attorney
this Territory valid service be made company
organization by service
ProDded that in such the Commissioner shall
atey notify such company by enclosing copy by
mail postpaid; and provided further no pro-
ceeding shall be had within sixty
the Commissioner
SECTION 49, The Commissioners require payment in
advance of the following fees:
For filing articles of Incorporation or certified copies
of articles bylaws, other certificates required
For issuing certificates of authority. ....... 1000
For each renewal certificate authority .... 1000
For filing the annual statement of condition 1000
For filing each annual statement of business
IN the Territory. 1000
FOR ming any other paper ACKNOWLEDGEMENTS. LOO
For furnishing copies of filed in his Office, per
folio ...... 500. .25
For certifying copies each observation-disclosures. LOO
For agents license for company represented 200
All moneys this Act shall be paid into the
Treasury of the Territory a realization
SECTION 20. total destruction of any
insured building, which the appraised or
agreed loss shall be less than the thereon
the fire insurance the
insured the unearned premium the policies involved in the
loss for the of insurance appraised or agreed
loss to be paid at the time manner as
the loss shall be paid.
SECTION Il When the license authority insur
corporation doing in this TERRITORY
has been revoked by the Commissioner the revocation shall
be published four times in newspaper general ccua
ton published in this Territory.
SECTION - The Commissioner shall transmit to each
Legislature at the beginning regular session or within
ten days thereafter report containing summary of the
statements and reports made to him