ROOMS in the State Hall to be assigned to the Superintendent of the Insur- Salaries: Of Superintendent of Insurance Department and clerks,. SALE of real estate owned by insurance companies may be postponed by PAGE. 12 10 22, 23, 57, 82 116 25 28 SCHOOL HOUSES to be insured by trustees of school districts, May be issued to the insured for profits in participating joint-stock fire Regulations concerning issue of, by mutual marine insurance companies, SEAL for Insurance Department to be devised by the Superintendent; de- 70 11, 12 13 Fees for affixing, to copies of papers and certifying the same, SECURITIES to be transferred to Superintendent of Insurance Department, OF FIRE INSURANCE COMPANIES: what to consist of; may be changed,. 21, 22 May be exchanged from time to time, OF MARINE INSURANCE COMPANIES: from another State, what to consist of, 53, 54 To be specified in annual statement,... OF LIFE INSURANCE COMPANIES: amount of, required for organization of What to consist of; amount to be deposited with Superintendent of Insur- 78, 79 78 12 12 13 53 56 60 75 Of a life insurance company from another State to be deposited with chief 84, 85, 86 When to be deposited by foreign life insurance companies with Superin- SERVICE OF PROCESS upon agents of fire insurance companies of other May be made upon the attorney of a life insurance company from another On insurance corporations created by the laws of other States; term pro- 37 86,88 .117, 118 SISTER STATES, deposit of securities by insurance companies of, in cer- STATEMENT of companies formed for insuring against loss or damage 13 123 33, 34, 35, 36 OF A FIRE INSURANCE COMPANY: annual, when to be made and filed; con- Of mutual companies to report amount of notes originally forming capital, 35 STATEMENT- Continued: To be made by a company of another State and foreign country, prelim- Of companies of other States and foreign countries to be renewed annually; Same, to be made by foreign fire, marine and life insurance companies as OF A MARINE INSURANCE COMPANY: from another State, on admission PAGE. 37, 38 40 41, 42 53 .53, 54, 55 Annual, to be made by companies of this State; contents thereof,. 59, 60 OF A LIFE INSURANCE COMPANY: annual, when to be made and filed; 83, 84 To be filed by a company from another State or country,. .86, 87, 89 STOCK, new, may be issued to make up deficiency in assets of a fire insur- 43, 44 OF A MARINE ÎNSURANCE COMPANY: books of subscription to, when to be Amount of, required for incorporation of companies in the city of New Securities representing, to be specified in annual statement, New, when to be created and disposed of by directors, Transfer of, when not to release person making transfer from liability,. When companies to have lien upon,.. Duties of trustees, when amounts to $300,000,.. OF A LIFE INSURANCE COMPANY: to be distributed among subscribers in STOCKHOLDERS: OF FIRE INSURANCE COMPANIES: liable for receiving dividends made con- ..... Of companies, not parties to suits, may be witnesses,. May bring suits at law against corporation for losses in certain cases,.. 78 13 13 52 60 62 65 68 OF MARINE INSURANCE COMPANIES: when called upon to pay amount of Suits at law may be maintained by, against corporation in certain cases,.. 64, STOCK FIRE INSURANCE COMPANIES to express on face of policies STOCK INSURANCE COMPANIES, when to be assessed by Superintendent, 21, 22 Of counties or incorporated cities of this State, capital and funds of a 21, 22 STOCKS-Continued: Nature and character of, to be deposited by companies of other States and MARINE INSURANCE COMPANIES: from other States, capital of, what in- ..... From other countries, capital of, what invested in, LIFE INSURANCE COMPANIES: or treasury notes of the State of New York Of incorporated cities of this State, funds and accumulations of companies 80 Description of, in which the capital of companies from another State may 84, 85 SUBSCRIPTION BOOKS to capital stock of fire insurance companies, when 20, 21 To capital stock of marine insurance company, when to be opened; regu- 51 To capital stock of life insurance company, when to be opened; regula- 77,78 SUITS AT LAW, may be maintained by fire insurance corporations 29 May be maintained by marine insurance companies, against any of their May be maintained by life insurance corporations against any of their SUPERINTENDENT OF THE INSURANCE DEPARTMENT, how ap- ...... Shall devise a seal for the Insurance Department,. Shall make an annual assessment on stock insurance companies of this To be paid for taxes, fines, penalties, and license fees, by insurance com- cases, May extend time within which to sell real estate owned by a company; in To make or cause to be made an examination of the capital of a company, 64, 65 82 10 10 10, 11 11 13 13, 14 18 23 23 Must. certify that he is satisfied that accumulated profits have been re- Duty to prepare and forward printed forms for annual statements,. To make annual report to the Legislature,. Amount and nature of securities to be deposited with, by companies of To grant certificates of authority to the agents of companies of other To furnish renewal certificates of authority to agents in certain cases,.. SUPERINTENDENT OF THE INSURANCE DEPARTMENT-Continued: PAGE. MARINE INSURANCE COMPANIES: declaration, comprising copy of charter ... Certificates of authority, when issued by, to agents of companies from 42 51 53 Certificates of authority, when issued by, to agents of companies from 53, 54 Statements of companies of other States and countries to be filed in 53, 54 May extend time for sale of real estate in certain cases, When to furnish certified copy charter and certificates,.. When to direct officers of company to wind up business; regulations con- 61, 62 Copy of amended charter and accompanying documents, when filed in 63, 64 LIFE INSURANCE COMPANIES: may extend time for sale of real estate in When written consent to increase capital of mutual companies, in opera- Duty of, to prepare and furnish printed forms for annual statements; To compile and report to the Legislature the information contained in the ... To give certificate of authority, in certain cases, to the agent of a com- 86, 87, 89, 90 59 60 60 67 cases,. To publish the result of an examinationin to the affairs of a company, if To communicate to the Attorney-General the fact of the insufficiency of To publish notification of revocation of the certificates of authority of 92 92 92, 93 93 94 To deliver up to a company relinquishing business, all securities held for SUPREME COURT, to take cognizance of application of the Attorney-Gen- Empowered to refer actions in which receivers of insolvent mutual insur- 127 40 89 93 130 SURETIES, to the official bond of Superintendent,. SURPLUS FUNDS, of a fire insurance company, how to be invested and re-invested,.. Scrip dividends, to be paid from,. Of a marine insurance company, how invested,. To be liable for excess of losses and expenses above premiums, in certain cases, SURPLUS PROFITS of a fire insurance company, how estimated,. Tax: PAGE. 10 21, 22 56 70 13 When to be paid by companies of sister States, On marine premiums received by the agents of companies not incorporated 90 ...100, 101 Of two per cent on premiums, to be paid by fire insurance companies not ......... Of mutual life insurance companies to be limited to taxation on $100,000 95 96 Of foreign insurance companies and associations,. TREASURY NOTES, or stocks, the capital of a fire insurance company, Or stocks, the capital of a life insurance company, may be invested in,.. TRUSTEES: OF FIRE INSURANCE COMPANIES: majority of, to be citizens of this State, .... Or directors, consent of three-fourths necessary in order to change a OF MARINE INSURANCE COMPANIES: a majority of, to be citizens of this Have power to make by-laws,. Unanimous consent of, necessary to extend original charter of mutual ..... Jointly and severally liable, until whole amount of capital paid in, and To make regulations in relation to certificates of stock to be issued, and Power of, when cash stock paid in amounts to $300,000,. OF LIFE INSURANCE COMPANIES: majority of, to be citizens of this Majority of, or certain officers, to make annual statement,. 83, 84 Have power to make seal and by-laws,. 82 |