The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1909-03-15
LEGAL.
published in The Topeka, State Journal
March 81
HOUSE BILL NO. s4a.

AN AL relating TO a mutual hail IN
surance company. and repeating Chap
ing penalty for the 5 Violation ii Of GER
| Be it enacted by the Legislature of the
State of Kansas:
Section /. That any number of persons,
less than one hundred. residing in this
State, who. collectively, shall own not
which they desire to have insured, may
purpose of mutual insurance Of growing
crops against loss or damage BY hail.
| Provided: That such incorporators shall
pc residents of not less than ten differ
Section ?. Such persons so desiring to
incorporate shall file in the office of the
signed by all of the incorporators, stating
their purpose of forming a company for
ance as exnresed IN Inc e ZINES se ec Of
TINS act, properly certified copy of the
| charter issued by the State of Kansas:
The be-, org ga Plaee Of business. the
| rectors chosen and the specific purposes
for which the organization is formed;
provided, That companies incorporated
| under existing laws complying with all
other requirements of this act shall COM
| shall not be required to re-incorporate.
Section 3. The officers of each such
or funds thereof shall enter into Bonds
to the State of Kansas, for the benefit
| fifty thousand dollars, with three or more
sureties. or with some surety company
authorized to do business in Kansas. to
surance, conditioned for the faithful ac-
counting for and proper payment and dis
the company of all moneys thereof which
come into their hands. Said bond shall
Superintendent of Insurance, and shall
be renewed whenever he shall require.
State.
approved and filed. and when such other
papers are approved by the Superinten-
dent of Insurance, and filed as required
by this act, the Superintendent of Insur-
ance shall issue to such company author
lty to commence business. 1t shall be
| organized under the law of this or any
other state to transact any business of
first psocuring from st the s MIsn9nt
tendent of Insurance a certificate of auth
pany has complied with all the require
ments of this act applicable to such COM
Every company organized under the
laws or any other state, applying for ad-
mission and authority to transact bust
cedent- to obtaining any such authority
shall file in the Insurance Department its
may be commenced against such COM
pany in the proper court of any county
SHAH arise or in which the plaintiff may
reside by the service of process on the
superintendent Of Insurance of this State.
service shall be taken and held in all
courts to be as valid and binding as if
ident or chief officer of such corporation.
such consent shall be executed by the
president and secretary of the company,
authenticated by the seal of the corpora
ton, and shall be accompanied by duly
certified copy Of the order or resolution
of the board of directors, trustees or
managers authorizing the said president
insurance
pany may be brought In any county
which the plaintiff may reside The sum
mons, accompanied by fee of three dol
lars, shall be directed to the Superinten-
defendant to answer by a certain day,
not less than forty. days from its date.
ed by the clerk of the court to the SUI
perintendent of Insurance. who shall i'm
secretary of the company sued, and an
other copy to the general agent of said
state; and thereupon said Superintendent
shall make return of said summons to the
COURT whence whence It issued showing the date date
warding such copies, and the name and
ADDRESS OF each person to whom he FOR r.
under his hand and seal of office and
shall have the same force and effect as
a due and sufficient return made by the
sheriff on process directed to him. The
said Superintendent shall keep a suitable
record book, in. which he shall docket ev-
corporations the time when commenced
date Of the Judgment. its amounts and
costs. and the date of payment thereof,
% v the s cIer DC of the eo from time 10 'e
Section 5. All persons desiring insur-
ance shall make application on blanks
for one annual rate. If a note Is given
when recorded as other chattei mortgages
are recorded, and there shall be paid in
| time OF making the application, not less
than twenty per cent of the face of said
shall be filed with the Superintendent Of
Insurance of the State of Kansas for APP
prevail. Every person who effects insur-
provisions of this act, and also their heirs,
executors, administrators and assigns,
become mem ers of said corporation dur
ing the period of insurance, and shall
| essary expenses as accrue in and to the
company in proportion to the original
given for one annual premium.
Section 6. In companies organized I'M
der the provisions of this act, all notes
iums on their policies, shall be assessa-
BILE and collectable, in part or in whole.
pany;, and all such notes shall have in
to-Wit: TT is Hereby Understood and
! agreed that this note is not Negotiable"
on the first day of August, of each year,
or as soon thereafter as practicable, shall
meet and review all adjustments, and de-
termine the rate of assessment necessary
to pay all losses and expenses In full
and shall levy such assessment at once.
All assessments shall be due at the Home
Office of the Company, not later than
| thirty days. after, the date such assess
ment is made All losses shall be adjust
ed by the company promptly upon re-
ceipt of notice thereof, in compliance
with the provisions of such policy, and
all adjusted losses shall be paid prior to
November first of such year
Section z. A reserve fund of not less
than ten per cent of all premium notes
shall be set apart out of the cash re-