St. Paul tidende. [volume] (St. Paul, Minn.) 1902-1928, 1913-05-02

LAWS OF MlNNEHSOl
termining the amount Of premium chargeable
The Board Of Directors shall make reason
abe rules and regulations for the prevention
OF injuries upon the premises of subscribers;
and they may refuse to insure or may term
fuses to permit such examinations or dis
regards such rules or regulations, and forfeit
all premiums previously paid by him. but
subscriber shall not release him from liability
for the payment, Of assessments then or there
up deficiencies existing at the termination Of
his insurance.
and collect on each policy a premium. in
icy Issued and shall also provide in its by
contingent mutual liability OF its members for
the payment Of losses and expenses not pro-
liability Of a member shall not be less than a
sum equal to and in addition to one annual
pr adSifion nor r. more more than ham, q n sum n equal to land and
than q sum equal to five times the amount
p pe sSen wr annnai for RreR ieag ;na or o IN e ysar, Of the g
contingent liability shall not exceed the
amount Of premium written in the policy. The
policy. as follows:
po l,rhs %s.im anasr 9 ;2;s gent l's al Of the
Sec. ID: The Board Of Directors shall de-
terlnlne the amount OF premiums which the
their Insurance. in accordance with the nature
OF the business in which such subscribers are
their employees under existing conditions, and
they shall fix premiums at such amounts as
IN I'M their Judgment dgg;mnae shall be sufficient to enable
all sums which may become due and payable
to their employees under the provisions of law,
ness of the Association. In fixing the pre-
MUM payable by any subscriber. the Board Of
Directors may take into account the condition
lses Of such subscriber in respect to the
safety of those employed therein. as shown
such Board, and they may from time to time
change the amount Of premiums payable by
any of the subscribers as circumstances may
room, shop. farm or premises Of such sub
sGriber In respect to the safety Of their en-
the premiums of any subscriber neglecting
to provide safety devices required by law. or
q qha gyms the rules or regulations made by
the provisions Of Section II Of this act. No
p pSai h OF d insurance Issued by any subscriber
IN cash the premium SO fixed and deter
Sec. IA. The Board of Directors may d.
vide the subscribers into groups in accord
probable risk Of injury therein. In such h case sse
nlents. and determine and pay. all dividends
by and for each group in accordance with the
shah be available; for the payment Of any
e ever, t asfin 1st 1as Ass0f fba %s;so pr1ey;ided sn hoW vs.
subscribers. until the " Whole deso Of t1e com conti ms
gent liability Of the acmbers of other groups
Shall be exhausted; the general funds Of the
the members Of other groups shall not be
available for the payment OF losses and ex-
penses incurred by such group in excess Of
thereof. ''
premiums and SlIch 0thar p ryo DC - -
may be required by law and the Insurance
Commissioner: are in excess Of the admitted
annual statement. 1t shall make an assess
ment upon its policyholders, said assessment
premium as written in the policy and not
to exceed the amount Of five annual prem
If it becomes necessary to levy tho as
sessment as. provided by this section, no pol
icies shall be issued until the admitted as
liabilities.
Sec. Is. A statement Of any proposed pre-
the Insurance Department.
Sec. 16. If any officer Of the Association
Of Insurance; he shall be guilty Of perjury.
who hoe. has as e anp sd0s sith at IF i it's A 4uiss aaa
written notice to that effect, sent by SUCH eh
citation. and such withdrawal shall become
effective on the first day of the month imme-
dlately following the tenth day after the re-
cslpt OF such notice, but such withdrawal
shall not release such subscriber from la
bii1ty for the payment of assessments there
after made by the Board Of Directors to
make up deficiencies existing at the date Of
his withdrawal, and such subscriber shall
be entitled to- his share Of any dividends
Sec. is. Such Association shall invest and
Keep invested all its funds of every descrip-
ZION, excepting such cash as may be required
IN the transaction of its business. in ac-
cordance with the laws OF this state relating
to the investment OF funds Of domestic tnsur-
ance companies. $1,000
Sec. 10. No such association shall DUR
chase. hold or convey real estate except
as provided by Section 1916, Revised Laws
Sec. 20. Any mutual employers liability
insurance association Of another state upon
compliance with all laws governing such COR
poratlons in general, the provisions of Sec
tlcn 1IOo. Revised Laws of 1905, and the pro-
act business in this state. Such association
shall pay to the department Of insurance the
fees prescribed by Section 8, Chapter 1856.
Laws Of 1911.
Whenever the contracts Of insurance issued
by, such association shall cover in the aggre-
gate less than five thousand employees. the
assured shall forthwith notify the Commission
er OF Insurance Of such fact, and if. at the
expiration OF six months from said notice, the
aggregate number OF employees covered by
than five thousand. the commissioner Of in
surance shall revoke the license Of such as
ISOLATION and Shall petition the district court
for the appointment Of a receiver for the
purpose OF winding up its affairs.
Sec. 81. This act shall take effect and be
Approved March q, 1918.