The independent-reporter. [volume] (Skowhegan, Me.) 1909-1955, 1913-03-06
CHAPTER 30.

Improved March II. 1Sl31
CHAPTER 30.
AN ACT to Amend Sections Forty-one and
Forty-two Of Chapter Fortynine of the
Revised Statutes. Relative TO the Organi-
zation Of Insurance Companies.
Be Il enacted, etc:
Section i. Yections forty-one and forty
two OF chapter forty-nine Of the Revised
Statutes are hereby amended to read as
Section u. Any ten or more persons,
residents Of the state associated by sucn
agreement in writing as Is hereinafter
described, with the intention of constitut-
ing q corporation for the transaction of
Insurance business shall upon complying
with section forty-nine, become and re-
main Win via Ia az subject ,hs to
the duties. liabilities and restrictions set
forth in all the general laws relating to
insurance cSrporations Gorporat nnan may is
stock or mutual principle for the follow
/. 70 insure against loss or damage TO
properly and loss OF use and occupancy by
nre; explosion. fire ensuing: explosion. no
hre ensuing; except explosion explosion OF steam
and tornadoes on land; by water and
breakage or leakage Of sprinklers, pumps
or other apparatus erected for extinguish-
ing fires, and of water pipes, or against
accidental injury to such sprinklers. pumps
or other apparatus.
Q. To insure vessels. freights, goods,
money, effects, and money. lent on bot
tomry or respondentia, against the peris
of the sea and other perils usually insured
against by marine insurance companies,
including risks Of inland navigation and
or damage to motor vehicles their fittings
and contents, whether such vehicles are
being operated or not-And wherever the
same may be, resulting from accident. col,
lision or any Of the perils usually insured
against by marine Insurance. INCLUDING IN
land navigation and transporta ton.
8 70 inquire against loss or, or damage "a es 10 10
to the life. person or property of another
for which the assured 10 liable, caused by
the explosion Of steam boilers or their
OF machinery or ny wheels; and against
loss Of Use and occupancy caused thereby.
4. To insure any person against bodily
injury or death by accident, or any per-
son, firm or corporation against loss or
damage on account of the bodily injur,' or
death by accident of any person. for which
poration Is responsible and to make insuf
ance upon the health Of individuals.
S. To insure against breakage OF dam
e 70 T. p insure IKE owners o Of domestic ami
mails against loss resulting from death or
injury to the animals insured and to fur
nish veterinarys services.
I. To guarantee the fidelity of persons Ia
positions Of trust, private or public. and
to act as surety on official bonds and for
the performance Of other her obligations -,
burglary theft or house brea king.
8. To carry on the business commonly
known as credit insurance or guaranty.
TO- To examine titles Of real estate and
personal property. furnish Information rel
alive thereto and insure owners and otn-
ers interested therein against loss by rea-
son of membranes or defective titles
II. To insure against loss or damage to
automobiles except loss or damage by fire
or while being transported In any con-
veyance, either by land water; including
loss by legal liability for damage to prop
erty resulting from the maintenance and
use of automobiles.
IL To insure tany goods or premsesl
against loss or damage by water, caused
by the breakage or leakage OF sprinklers
pumps, water pipes or plumbing and its
fixtures and against accidental injury.
from other cause than fire or lightning to
such sprinklers, pumps, water pipes,
plumbing and fixtures.
49, To insure against loss or damage to
property arising from accder'~ 10 ele-
vators bicycles and vehicles, except roll
Ing stock Of railways from other causes
than FIRE or lightnng)
shall set forth the fact that the subscrib-
ers thereto associate themselves with the
intention to constitute a corporation. the
name by which IT shall be known the
class or classes Of insurance for the trans
action OF which II is to be constituted. the
plan or principle upon which its business
Is to be conducted, the town or city in
which 1t Is established or located, and II