The Montgomery advertiser., 1907-08-29
Frank N. Julian. Secretary of State.

( To amend Sections one CD and four f4)
 of an act entitled an act to amend
 Sections 1116 (1547), 1117 Q54S),
 HIS (1549), 1119 (155O), and 112O
 (l551), of the code of Alabama of
 1896, approved February 2s, 1903.
 Be it enacted by the Legislature of
 Alabama that Section one CD of an
 act entitled "an act to amend Sec
 tions 1116 Q547), 1117 (154D, HIS
 (Ik4s), 1119 (155O). and 112o (1551),
 of the code of Alabama" Ap-
 proved February 2s, 1903, be
 amended so as to read as follows:
 Section l. 1116 Q547), All compa- nies or associations whether voluntary or Incorporated under the laws of thls State, or any other State. doing in this State a business limited to the issuing of certificates or policies to, or agree ing with their members or policyhold- CTS upon the birth or death of any child, upon marriage, death, sickness, or upon any physical disability of such member or policy holder to pay money or render aid to him or to others de- pendent upon him or beneficiary desig- mated by him, not exceeding the amounts governed by the following limitations as to weekly benefits and death benefits to the assured or bene- ficiary of the assured, and as to the deposit required to be made and kept with the insurance commissioner as a benefit or indemnity fund, which money or aid payable as benefits is derived from donations or from fees, dues and assessments, are mutual aid, benefit or industrial insurance companies or as- sociations.
 Class l. For a company or associa- ton doing business under this act lim1- ted to the plan of paying to the as- sured or beneficiary named by him, at death, an amount equal to the as- sessment made upon the members com posing a class or section or division, the deposit shall be one thousand dol lars, and such company or association shall not do a weekly or monthly bene- fit insurance, nor any class of insu- rance other than the payment of an amount to the assured or beneficiary named by him, equal to an amount greater than the amount collected from such class, secion or division, such amount payable to the assured at death. or beneficiary named by him only.
 Class 2. For a weekly benefit of not exceeding twenty dollars in case of disability and no death benefit. such company or association shall keep on dep osit with the insurance commis- sioners two thousand dollars.
 Class 3, For a weekly benefit of not exceeding ten dollars in case of dis ability and a death indemnity of not exceeding two hundred and fifty dol lars, such company or association shall keep on deposit with the insurance commissioner three thousand dollars.
 Class 1. For a weekly benefit of not exceeding fifteen dollars in case of dis ability and a death benefit of not ex- ceeding four hundred dollars, such com pany or association shall keep on de- posit with the insurance commissioner four thousand dollars.
 Class 5. For a weekly benefit of not exceeding twenty dollars in case of disability and a death indemnity of not exceeding five hundred dollars. such company or association shall keep on deposit with the insurance commissions CT five thousand dollars. Such compa- nies or associations shall not be au- thorzed to transact business In this State until they have first submitted their charter, constitution, bylaws and certificates of membership. or policles to the insurance commissioner. and have at all times not less than five hundred bona fide members or policy holders, and the amount that is re- quired to be deposited with the insu- rance commissioner in such of the above and foregoing class or classes, of this section regulating weekly bene- fits, death benefits and deposit re- quired 10 be made with the insurance commissioner as may be determined, shall limit the class of business of any