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BRIDGE COMPANIES.

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LIFE, ACCIDENT AND HEALTH INSURANCE COMPANIES.

SECTION

155 Mutual or co-operative life, accident or health insurance com-

panies may become joint stock corporations; rights of policy-

holders

163

156 Life and accident companies..

166

157 Life and health insurance companies to have guaranteed cap-

ital stock of not less than $100,000, securities to that amount

to be deposited with State Treasurer-change of such securi.

ties

163

158 Wife's insurance of husband's life.

167
159 Foreign to have like capital as domestic companies.

167
159A Consolidation of certain classes of insurance companies, one
being domestic and the other foreign.

16S

160 Every insurance company to conduct business in its own cor-

porate name

170

161 Foreign companies to file their charter with clerk...

170

162 Life insurance companies may not discriminate in favor of

individuals of the same class in payment of premiums. 171

163 No State license for allowance of rebate to be procured.

172

164 Penalty for violation of aforegoing p ovisions..

173

164A Prohibitions as to misrepresentations in soliciting insurance.. 174

164B Solicitors not owners of any part of money collected..

174

1610 Persons required to testify under this Act, but protection given. 174

1640 Penalty for violating Sections 164A or 164c...

175

165 Insurance of wife's and minor's property.

175

166 Report made by persons obtaining insurance on p operty in

this State in companies not autuorized to transact business

in this State tax...

175

167 When cannot obtain insurance in licensed companies need not

pay tax-company may adjust loss in State, but not solicit

insurance

176

168 Penalty for false affidavit.

176

109 Penalty for violation of above sections.

177

170 Penalty for acting as intermediary...

177

171 Policies stamped “Unauthorized Company, tax paid"-penal-

ties provided

177

172 Policies issued by autho.ized companies to be stamped, stamp

to be furnished by Insurance Commissioner..

177

173 Mutual companies not within the intent of the Act.

178

174 Act to be published by Insurance Commissioner.

178

INSURANCE DEPARTMENT.

175 Insurance Commissioner and Deputy Commissioner--how ap-

pointed, tenure, salaries fixed--actuary and clerks-salaries.. 178

176 Insurance Commissioner may employ counsel-his compensa-

tion--how paid

179

176A There is no such section.

176B Auditor-sala y

180

177 Examiner--duties-salary

180

178 Special duties of Commissioner-enumeration of rules govern-

ing him in the performance of his duties....

181

178A Fire Marshal's duties transferred to Insurance Commuissioner. 191

178B Deputy to be appointed to fultil duties of Fire Marshal.... 195

178c Inconsistent Acts iepealed....

19.5

179 Actuary shall report violations of law.

19.5

180 Charters to be approved by Attorney-General-examination by

Insurance Commissioner

1996

181 Conditions under which "Lloyd's" may transact business. 197

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182 Conditions upon which foreign insurance companies may trans-

act business in this State.....

197

183 Additional conditions

198

184 License to agents and solicitors_tax on premiums collected-

fees to Insurance Commissione --sub-agents or solicitors... 199

184A Lulawful for solicitor to act without license..

201

1848 Application for license and statement therein...

202

1840 Commissioner may revoke license of solicitor or agent for cer-

tain causes

203

1840 Registration fees with other charges.

204

184E Penalty for violating Sections 1841 to 1840....

204

185 Payments of commissions to unlicensed agents or solicitors pro-

hibited-penalty

204

186 Policies to be valid must be signed by autho ized officer or

agent resident in tbis State-proviso as to rolling stock and

movable property of railroads-premiums to be reported to

Insurance Commissioner

205

1864 No solicitation for company to be organized without approval

of Commissioner

206

187 License of authority must be obtained by certain surety, guar-

anty and other specified insurance companies....

207

188 When license shall be issued..

189 Cost of license.....

207

190 Penalty for non-compliance with requirements..

20S

191 What companies not required to pay license fee.

208

192 Penalty for acting without license—“Insurance Company" de-
fined

2099

:93 Mutual co-operative assessment or stock plan insurance com-

panies with limited capital.....

210

194 Such organizations may make contract of insurance upon

adults and infants..

212

195 Annual statement

212

196 Wilful insurance of unhealthy pe.sons, penalty for.

212

197 Fraudulent claims and representations..

213

198 Assumption of misleading corporate name.

213

199 Examination by Insurance Commissioner.

213

200 Bond from agents..

214

201 Aunual statements from all insurance companies.

214

2012 Valuation of bonds held by life insurance companies..

215

202 Time for furnishing and publishing such statements.

2155

203 Capital stock of reserve...

216

204 Proceedings to vacate charter..

205 Penalty for neglect by insurance companies to comply with
Sections 175, 176, 178 and 201...

218

206 Publication of abstract of annual statement.

219

207 Property beld by foreign companies...

219

208 Valuation according to Farr's Table No. 3...

220

209 Companies may insure against loss by burglary of money and

securities in course of transportation...

220

210 Requisite povisions before such company may transact busi-

ness

220

211 Liability of policyholders of such company limited to member-

ship fee and premiums as originally contracted.....

221

212 Not to do business without compliance with this article..

221

213 When untrue statements in application for life insurance may

forfeit policy

214 Mistaken statement of age of insured-real age to be the basis

of payment

221

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