The Chipley banner. (Chipley, Washington County, Fla.) 1893-1943, 1903-08-20


State Treasurer, under the direction Of the
Board Of Insurance. Commissioners, and be
tore obtaining such certificate such company
VI corporation shall furnish TO the Treasurer
a statement under oath of the President or
Vice-Presdent or Manager Of the com
psnny % cooperation showing all items
surance laws Of this State Such statements
shall be filed annually as OF the 2lst day OF
December preceding. Any failure on the part
Of such company or corporation to comply
with the provisions of this Act OF the Act
relating to insurance companies which are
applicable to the companies or corporations
mentioned in this Act, shall operate a for.
reiture of the right to do such business, and
the license granted them by the State Treas
urer shall be by him revoked as provided for
IN insurance companies.
Sec. B. Every insurance company or other
corporation organized under the laws of any
other State, desiring to transact any sick or
funeral benefit insurance business, or both, in
this State, shall be permitted to do so upon
.lnng with the State Treasurer a certificate Of
the treasurer OF the State under the laws Of
which such corporation was organized, a GER
tihcate that such company or corporation has
on deposit with the State at least 5000 in cash
or in United States or State bands, or other
Dankable or interest-bearing stock, issued in
the United States, at their market value, for
the protection and security OF those insured,
OF to be insured, but such corporation OF com
panyi and by filing with the Board Of 1nsur-
ance Commissioners OF this State such state
ments Of its financial condition, resources and
iiaDuIties as may be required by the general
regulation Of said Board OF Insurance Com
missioners of domestic corporations under this
Act. When any such corporation shall have
complied with the provisions OF this Act, the
Treasurer OF the State of Florida shall issue
certificate which shall be renewed by him
annually to that effect. 1t shall be unlawful
Tor any corporation not organized in the State
OF Florida to transact any such business in
this State without first obtaining, and annual
ly renewing the certificate OF the Treasurer
VI this State herein provided.
Sec 4 Each such company or corporation
doing business under the provisions Of this Act
shall pay annually to the State Treasurer one
hundred dollars as license tax for such COM
pany, and also two dollars for each local agent
and ten dollars tor eacn travelling agent. such
companies snail also pay to the State Treas
urer tee OF lve dollars tor every annual state
inent filed by him, which fee shall be full
compensation for services rendered by the
treasurer for examination and other services
provided for under this Act
Sec 3. The provisions Of this act shall in
no Way~apply TO any secret or iraternal So
ciety, or lodge or association, which, under
the supervision Of a grand or sutem exclu-
Sively and provides insurance to its members,
nor to insurance associations OF purely
benevolent character, which pay no commits
sion or employ, any paid agent organized un-
der the laws OF this or any other State.
Sec. Companies or corporations qualify
ing under this act shall be required to pay a
proper proportion of the annual license tax
TO expire October LIST.
Sec T. Any person, firm or corporation who
does undertakes to do any business pro-
vided for in this act without first Qualifying
and receiving license or certificate as herein
provided, shall be deemed guilty Of a INSIDE
meanor, and upon conviction shall be fined
not more than one hundred dollars or by i'm
prisonment in the county jail not longer than
six months, or both.
Sec. s. This act shall take effect Jan. /,
1904
became a law without the approval of the
Governor)