The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1913-03-13
Published in The Topeka State Journal
March Ii. 1871

SENATE BILL NO 6T
AN ACT authorizing and regulating GER
tain classes Of indemnity contracts, en-
towering corporations to make such
contracts and fixing certain fees and
the penalty for violation thereof.
State Of Kansas:
Section 1. Individuals, partnerships and
corporations of this state hereby desig-
to exchange reciprocal or infer-ins,,rance
contracts with each other or with in
dividuals. partnerships and corporations
of other states and countries providing
indemnity among themselves from any
loss which may be insured against under
other provisions of the laws, excepting
life insurance.
Sec. 2 Such contracts may be executed
by an attorney, agent or other represent
authorized and acting for such s11bscrib-
ers.
Sec. 8. Such subscribers, so contracting
among themselves, SHALL through theft.
attorney, file with the superintendent of
insurance of this state a declaration
verified by the oath of such attorney.
ta) The name or title of the office at
which such subscribers propose to ex-
change such indemnity contracts. Said
name or title shall not be SO similar to
any other name or title previously
adopted by a similar organization or by
any insurance corporation or association.
as in the opinion OF the superintendent of
insurance is calculated to result In con-
fusion or deception. The Office or offices
shall be exchanged shall be classified as
reciprocal or inter-insurance exchanges.
CD The kind or kinds of insurance to
be effected or exchanged
(c) A copy of the form of policy con-
tract or agreement under or by which
such insurance is to be effected or ex-
changed.
I'D A copy of the form of power of at
torney OF other authority of such attor
ney under which such insurance is to be
effected or exchanged.
(e) The iocation OF the office or offices
from which such contracts or agreements
are to be issued.
for Indemnity upon at least one Hundred
separate risks, aggregatfng not less than
one and one-half million dollars as rep
resented by executed contracts OF bona
fide applications, to become concurrently
effective. or, in case of liability or com
pensation insurance. covering a total pay
roll of not less than one and one-faIf
million dollars.
go That there is on deposit with such
attorney and available for the payment
of losses sum of not less thar, twenty
five thousand dollars
Sec. 4. Concurrently with the filing of
the declaration provided for by the terms
of section three hereof, the attorney shall
file with the superintendent of insurance
an instrument in writing, executed by
him for said subscribers, conditioned that
upon the issuance of certificate of au-
thority provided for IN section ten hereof
service of process may be had upon the
superintendent of insurance in all suits In
this state arising out of such policies,
contracts or agreements, which service
shall be valid and binding upon all sub
scfibers exchanging at any time recipro-
cal or inter-insurance contracts through
such attorney. Three copies of such
process shall be served, and the superin-
tendent OF insurance shall file one COPY.
forward one copy to said attorney, and
return one copy with his admission of
service.
Sec. 5. There shall be filed with the
superintendent of insurance of this state
| by such attorney, statement under the
oath of such attorney showing the n1axi-
mum amount of indemnity upon any
single risk, and such attorney shall. when
ever and as often as the same shall be
required file with the superintendent OF
insurance a statement verified by his oath
to the effect that he has examined the
commercial rating of such subscribers as
shown by the reference book of a COM
mercial agency having at least one hui
bred thousand subscribers, and that from
such examination or from other infofIna-
ton in his possession it appears that no
! subscriber has assumed on amy single