The Somerset reporter. [volume] (Skowhegan, Me.) 1868-1909, 1905-03-30
Chapter 30.
An Act additional to Chapter forty-nin'
of the Revised Statutes, relating Il

An Act additional To chapter tufty-ulHs
of the Revised Statutes, relating TO
Insurance.
Section l. Any association organized
or Incorporated under the laws of an
other state or country as n fraternal
beneficiary association and which does
not conduct It's business upon the lodge
system with rtuaiistic form OF work
and representative form of govern
ment. in accordance with the provisions
CT section one hundred and thirtyfour
OF chapter forty-nine of the revised
statutes, and which is not subject to
the statutes of this state regulating fra
ternal beneficiary associations. but which
confines it's membership to the members
of some particular order. class or fra
ternity, and which has the membership
and qualifications herein required. may
be licensed by the insurance commits
sioner to transact the business of cas-
uaIty insurance on the assessment plan
and Ia provide for the payment of death
or funeral benefits of not exceeding one
hundred dollars to the beuehciaries or
deceased members. subject to and in dc-
cordanCe with the provisions of this act
Section .. No such association shall
transact any business in this state
without license from the insurance
commissioner Before receiving such
license it shall file with the commission
er duly certified copy of it's charter
or articles of association; copy of its
constitution and bylaws certified by It's
secretary; power of attorney to the
commit sSioner as provided by section one
hundred forty-three of chapter forty
nine n statement under oath of its pres
ident and secretary, In the form required
by the commissioner. duly verified by an
examination made in accordance with
the proVls ionS of section one hundred
ffty-threc of chapter forty-nine of its
business for the preceding year. which
statement and examination must show
that the association had at least five
thousand members in good standing at
the date of such report, and that ii had
on that date available assets in excess
of all known liabilities of not less than
twenty thousand dollars; copy of it's
policy and application which must show
that benefits are provided for by assess
mentS rnon or other payments by per
sons holding similar contracts; a ccrttl-
cate of deposit from the state treasurer
of this state as hereinafter provided,
and shall furnish the insurance com
missioner with such further information
~ he may deem necessary to n proper
exhibit of its business and plan of work
ing. Upon compliance with the foregoing
provisions the commissioner may license
such association to transact business IN
this state as herein defined until the FIRST
day of the succeeding July, and such Ii
cense may thereafter be renewed annual
" but i'm all cases to terminate on the
first day of the next succeeding July. The
twenty nine, one hundred and forty
three. one hundred and forty-hve, one
hundred fortN-SeVen, one hundred and
fOrtV-eight. one hundred and forty-nine
and one hundred and fifty-three of chap
ter forty-nine shall apply to such asso-
Citations.
Section g. No license shall be issued
to any such association until 1t has de-
posted with the state treasurer OF this