Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1913-08-22
NORTH DAKOTA INSURANCE Law
IS CRITICISED IN THE EAST

legalized was passed in 1911 File
on you! | had supposed that If there
was one thing upon which insurance
journals Dridcd themselves more tha',
another II was that of accuracy o'
statement. Yet in this instance The
Surveyor is, In point Of time, just
tWenty-siX years out OF alignment
In other words, the Act against when
your criticisms are leveled, is a leg
acy of territorial days, ii having Deen
enacted in 1855. Let ne quote Sec
ton l6 Of Chapter So, Laws of 1881.
"Sec. l6. Annual Statement.-Ev'
cry insurance company doing bust
ness in this Territory must transmit
to the territorial Auditor a state
ment of its condition and business, tor
the year ending on the preceding thirr
ty-frst day of December, which shall
be rendered on the first day OF 'lanN'
airy in each year, or within one month
Thereafter, except that foreign nsnr.
ance companies shah transmit their
statement of business other than that
taken in the United States prior to
the following first day OF May; such
statement must be published at least
three tines in a newspaper Of general
circulation, printed and published in
each judicial district OF this Territo-
ry in which said insurance company
shall have an agency and a duplicate
thereof, upon which shall be endorsed
the names of the attorneys on whom
process of law can be served as re-
quired by this act, shall be filed III
the office of the register of deeds OF
the county wherein the agency may,
be established, but the provisions or
this section as to the appointment or
attorneys shall not apply to compan-
les organized within this Territory.
Statements for publication . shall be
made out on blanks, furnished by the
territorial Auditor, and the territorial
Auditors certificate of authority for
the company to do business in this
Territory shall be published in con-.
nectiOn with the said statement Of
each company doing business in this
Territory. Proof of Publication, to.
wit: the printers affidavit Of the fact.
shall be filed with the territorial Aud
itor in all cases; Provided, The ter
ritorial Auditor shall select three
newspapers of general circulation.
published in each of the judicial dis.
from which said company shall
select one in which said statement
shall be published ,
This Act has been amended from
time to time, but its general provi-
siOns remain unchanged. The
amendment of 1911 in nowise affect
ed the Act sos far as foreign, insur-
ance companies are concerned, and
in view of this fact, your statement
that 1.-The first intimation the compan5
les had of this obligation was the re-
ceipt of bills from the Commission
err" is absurd. Many companies now
authorized in North Dakota have
been doing business in the state
since statehood 1SS9), and have an
nually received from this department
gentle reminders ofsthe fact that II
publication LAWS were still in effect.
So that Nyonr suggestion of a "frst
.intimation' is grossly inaccurate. -
Altogether as a matter of mutual
convenience. and not because the SUI
pervising officer has the slightest in
terest therein. the practice has been
FOR the companies to authorize the
commissioner of insurance to select