The Ocala banner. (Ocala, Marion County, Fla.) 1883-194?, 1905-08-18

State unless it shall obtain a certifi-
cate of authority from the state
Board Of Insurance Commissioners.
which certificate must be renewed an
nually. on the first of each year there
tificate of authority. such conloany.
corporation or association shall fur
of their 20 ' aTtiees of or
under. oath of the president vice
president or manager of the company.
corporation or association. showing
and shall fully satisfy such Board o.
Insurance Commissioners that such
IS possessed of and has actually IN
vested at least Fifty Thousand Dol
incumbered real estate worth double
the amount loaned thereon. inclusive OF
buildings d thereon United 5 States ,oo Or
or securities issued in the United
States at their market values. and
Treasurer Five Thousand Dollars ts5.-
000.00b in cash. United States or State
bonds. or other bankable stocks or Sc
curities to be satisfactory TO said
Treasurer at their market value, and
shall otherwise comply with the pro-
Sec. 5 In addition to the foregoing
requirements befare. receiving Such,
certificate. or any renewal thereof, all
such companies. CORPORATIONS or asso-
Citations whether Incorporated or or
sanized under the laws OF this or any
other State or Country. shall before
commencing business. and annually
on the first of each wear therea tier.
furnish the State Treasurer with a
statement under oath of the president
or Vice-DreSident- or manager of the
company. or of the attorneys. MEM
ners or subscribers seVeraLy OF sucn
company. corporation or ASSOCIATION
showing: First: the name and locality
OF the connpa nv. corporation or asso-
cldtlon- Second: The amount or It's
caDital stock and the amount paid up;
the maximum amount for which eacn
member or subscriber to any cOrpor-
alton or aSSocia ton or company may
become liable Third: The assets of
! the company. corporation or associa7
and IN the hands of agents or other
persons End: The real estate owned.
with membranes thereon if any Sd;
by such company. corporation or assoc
citation. and how they are secured date
when due. together with the rates OF
interest thereon. and schedule. 4th:
Debts Of the company. corporation or
association secured by mortgaee 9TH;
iums in course of COLLECTION, eth: All
other securities Fourth: The
10 banks or other creditors Fifth:
Losses adjusted and due. Sixth:
Losses adjusted and not due: Seventh:
Losses unadiusted- Eighth: All other
claims against the COMPANY. corp0r-
alton or association. Ninth: The
greatest amount insured in any one
rick Tenth: The amount OF the
gross receipts of such company. cor
pora ton or association in the State
The Board Of Insurance Commission
ers shall cause 10 be PREPARED and
shall furnish TO each Insurance Com
pany. corporation or association
printed forms of the statement re,
9ufred- Such statement snail be filed
in the office of the State Treasurer.
and if such company. corporation or
aESOcIa ton Is a nonresident Of the
State of Florida il shall be accOmpa
=
the seal of the company. corporation.
or association. signed by the president
manager. or by each subscriber of the
association or com Dany- and agreeing
on the part Of said company. corpora
ton. or association or each subscriber
OF the company or associat ton that
service of process in any
civil action against such company.
corporation. or association each sub
ScrIber of such company. corporation
or association may be made upon any
ton in this State and authorizing
and on behalf Of such COMPANY company. cor
pOration or association to admit serv-
ice of process on him. and agreeing
that the service of process upon any
such agent or representative shall be
a svalid and binding upon the COM
panv. corporation or association or
each subscriber of such company. cor
pOrdtlOn or association. as if made
ucI the president or secretary or
Sec s. Before issuing the certifi-
cate of authority herein. provided for.
duty of the Board of Insurance Conn
miSsioners to fully investigate and ex-
sTmine the ananeial rssDonsihlitT of
Citations Applying to do anv sick and
funeral benefit insurance in this State.
and such Board shall be fully salts
fed that the assets Investments and
deposits of such company. corporation
or association fully. complies with the
OF
of Insurance Commissioners shall have
power at any time TO revoke such per
fed that such company corporation
or association has made false report
regarding the assets or investments or
value of such assets or investments or
deposits has fallen below the amounts
f6e 81 of he R s OF
of the State of Florida and other laws
hereafter enacted shall aDply to. all
doing sick and funeral benefit insur- |
ance in this State.
or association doing business under the !
provisions of this act shall paw an
nually to the State Treasurer, for the
this State. One Hundred Dollars
.(s10o.oo) as a license tax and two dol
lars for each local agent and Ten Dol |
lars for each travelling agent. and a
fee of Five Dollars for each annual
statement fled: Provided. that life in .
surance companies receiving a certifi- !
cate of authority in accordance with
the provisions of Section Two of this
act which shall have paid the license
tax required of such com PAW for con-
Quoting life INSURANCE. in this State. ,
shall not be required to paw the
license tax herein provided for
Sec. g. The provisions of this act
shall in no way apply to any bona
fide fraternal or secret society or
lodge. which. under the supervision
and authority of a recognized grand
or supreme lodge shall in good faith.
he he ln6l
system exclusively and provide iEsur-
ance TO its members Provided. fur
Their. that nothing in this act shall,
affect the status and rights of life and
accident insurance com DanieS now. or
that may hereafter be authorized TO
o business in this State under the
Iar. Iar Of fP