Ladysmith news-budget. [volume] (Ladysmith, Rusk County, Wis.) 1907-1927, 1911-08-04
No. 1870, Al Published July 10, 1911.
CHAPTER 649. laws OF 1911.

No. 1870, Al Published July 10, 1911.
CHAPTER 649, LAWS OF 1911.
AN ACT to amend sections 1858 and
1967a, of the statutes, relating to ex-
| animation of insurance companies,
and the payment Of the expenses
thereof. and making an appropriation
therefor.
The people of the State of WISCONSIN.
represented In Senate and Assembly,
do enact as follows;
| Section l. Section 1858 of the stat
| utes is amended to read: Section 1858.
| /. The commissioner Of insurance may
address inquiries to any insurance,
company doing business IN thus
state, or any otfcer ther42d IN l., rel Ia,
| other matter connected with its trans
action and it shall be the duty Of
every company or officer SO
addressed to promptly reply in writing
to such inquiries; and
| 2. Whenever he shall deem it expedi-
ent so to do; or when any respons4lple
person shall Sic with hlm written
company alleging that any return or
statement filed by it with such com
missioner is false, or that its affairs
| in person, or by some one to be APP
pointed by him for that purpose, not
an officer or agent of, or In any man
ner interested in, any insurance
| except as a policy holder, examine into
! it's affairs and condition.; and it shall be
I the duty OF the company, lie
officers or agents to cause it's books to
! be opened for inspection *.
8. Whenever it shall appear to the
said commissioner from his own ex-
animation or the report Of the person
appointed by him. that any
foreign company examined is unsound
| he shall revoke the certificate granted
such company and cause g. no.
fetal state paper and mail a copy
| thereof to each agent of the company
-" g. The agent or agents thereof
discontinue doing business for such
| company.
4. The commissioner shall e"
applying .for. admission to TRANSACT
fairs or condition of any such
company do not fully meet the require
! ments of law he shall withhold his GER
| tif1Cate.
5. The commissioner may require
! from any insurance company and any
mutual benefit society. before, and from
, time to time during any examination. a
deposit with him of such amount as he
shall estimate necessary for the ex-
pense of such examination. The COM
| pany or society, through the commits
sioner, as ordered by him, shall pay
into the state treasury the actual cost
of such examination in expenses paid
or to be paid by the state, and compen-
sation to persons other than OFFICERS
and employees of the state, and the bal
| ance deposited, II any, shall be re-
turned to the company or society MAX
ing such deposit, at the close of such
| examination.
s. The commissioner may employ
| such persons at such compensation
fixed by him in advance as may be nee
essary and reasonable for the making
of any examination, investigation or
prosecution provided for by law.
7. There shall be paid out of the
state treasury, upon vouchers approved
by the commissioner and audited by
the secretary Of state, all actual and
reasonable expenses of any officer or
employee of the department of insur-
ance, and the compensation and all
such expenses of any person employed
by the commissioner of insurance under
subsection 6.
S. Such actual and reasonable ex-
penses shall include only actual dis
| bursements for railroad fare and other
public conveyance by the most usual
and most direct or most travelled route,
! sleeper, meals. rooms, postage, tele-
| graph, telephone, public messenger and
stenographic service.