Pine Bluff daily graphic., 1907-04-08

of it's policies upon property within this state, without having first ob- tained from the auditor the certificate mentioned in the foregoing section.
 Section 6. If at any time after is suing certificate of authority as above provided for, authorizing reinsurance in any company not authorized 10 do 1 business in this state, the auditor shall have cause to believe that such l foreign company has become insOlv ent, or that it's credit Or fiancial abil- 1 ity has become impaired to such an extent as to be no longer safe as a re-insuring company for property ill this state, it shall De his duty to inves- 1 tigate same; and for such purpose he i shall give notice to the company to which certificate has been issued and require it to produce any evidence he may require bearing upon the condi- ton of such foreign company; and if as aforesaid shall fail or refuse when so notified, to produce such evidence. or, if upon hearing and considera- ton of the matter, the auditor shall determine that said foreign company is not safe company for reinsurance of policies in this state, he shall re- yoke the certificate of authority afore- said, as to such foreign company. Section :. If any foreign insurance company not authorized to do business in this state, but, as to which some company authorized to do business in this state, holds a certificate of the above described, shall remove any cause brought against it under the provisions of this act to any federal court the auditor shall at once re- yoke any such certificate of authority, authorizing reinsurance in such fo- eign company.
 Section 8. The liability of the orig inal insuring company doing business under the laws of this state, to the assured shall not be diminished by the fact that his policy may be re-
 insured, under the terms of this act, and said liability shall be for the full amount of the policy held by the as- sured.
 Section 9. The policy issued to the assured shall state on it's face the company or companies in which said policy is re-insured.
 Section 10. Whenever the auditor shall have Or receive notice or infor- ions of this act, he shall immediately investigate, or cause to be investigat- ed such violation. And if fire in
 surance company authorized to do
 business in this state, has violated any
 of such provisions aforesaid, he shall
 immediately revoke it's license for not
 less than three months, nor more
 than six months for the first offense;
 and for each offense thereafter for
 not less than one year, and for the
 purpose of enforcing the provisions ot
 this act the auditor is hereby author
 ized and empowered to examine per
 sons, administer paths, and send for
 papers and records; and refusal or failure upon the part of any insurance
 company authorized to do business in
 this state to appear before the auditor
 when requested to do so, or to pro- duce any records Or papers demanded
 by him, for the purpose of such inves- tigation, or through it's proper agents, to answer upon oath such questions as may be propounded in the eXami- nation which the auditor is hereby authorized to make, shall subject such fire insurance companies to the penal ties of this act.
 Section il. In addition to the pen alties prescribed i'll section Of this act any insurance company authorized to do business in this state violating any of the provisions of this act, shall be fined in any sum not less than five hundred dollars.
 1 ScCLIOu L.. "uGICNCl ally Plo@CSo Or summons is served upon the audit Or, under the stipulation mentioned i'll section 8, in any suit brought against any foreign insurance company ill l this state, under the terms of this act, three copies of same shall be de- 1 livered to the auditor, of which he shall at once forward one to the home office of the said foreign compa- ny, and one to the company doing business in this state, and holding the certificate of authority to re-insnre in said company.
 Section l3. That section 1 of the act approved April P, 1901, and en- titled An act to regulate fees and taxes of insurance companies be and the same is hereby repealed. and that lll- .1. S,lv ox,I hn in