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HAWAII. SUPERVISING OFFICER, A. N. KEPOIKAI, INSURANCE COMMISSIONER, HONOLULU.

Preliminary Documents.—Company must file copy of charter and certificate of authority.

Attorney.—Company must name a resident.

Funds.-A capital or net surplus of $100,000 is required of foreign companies. Domestic companies, $100,000 or more subscribed capital, of which $50,000 must be paid-up in cash.

Valuation of Policies.-Reserves figured on four per cent basis.
Annual Statements.-Filed on or before April 15.
Examinations.-Domestic companies examined annually.

Fees.—Articles of incorporation, certified copies of articles, etc., $25; certificate of authority, $10; renewal thereof, $10; annual statement, $10; same, territorial business, $10; any other paper, $i; copies of papers filed, per folio, 25 cents; certifying copies, $I each; agent's license for each company represented, $2.

Licenses.-Agents licenses must be procured on or before April 15.
Taxes.—Two per cent on the net profits, payable on or before November 15.

Penalties.—For transacting business by or for an unauthorized company, $100 to $500 and revocation of license. For failure to procure agent's license, $500 for first offense and $100 for each month thereafter. Failure to pay taxes within sixty days of due date, $25 for each additional day.

IDAHO. SUPERVISING OFFICER, JOHN H. MYER, INSURANCE COMMISSIONER, BOISE CITY.

Preliminary Documents.-Company must file a copy of its charter and by-laws, and a statement showing the name and locality of the company, amount of capital stock, amount paid up, amount of assets and liabilities, net surplus, and receipts and expenditures during the preceding year. Foreign companies must file with county recorder a copy of articles of incorporation certified by the Secretary of their home State, and another copy with the Secretary of State certified to by the county recorder.

Attorney.-An agent or attorney resident of the State must be appointed to accept service of legal process.

Funds.-Company must be possessed of an actual paid-up capital of not less than $100,000 or assets to an equal amount

Valuation of Policies.- No provision.

Annual Statements.-Annual statements must be filed with the Insurance Commissioner on or before the first day of April, showing the condition of the company December 31 preceding. Statement must be accompanied by a certificate that the company has complied with the resident agents' law. A statement showing the condition of the company must be published in a newspaper printed at the capital.

Agents.-Agents required to obtain certificates to do business from the Commissioner, renewable annually in April. All business to be transacted through resident agents.

Discrimination. A law prohibiting any discrimination between insurants of the same class is in force.

Examinations.—The Commissioner is authorized to cause an examination of any company. He must, however, accept the certificate of the proper officer of any State that the company is solvent.

Fees.-For filing preliminary documents, $10; for filing statement, $10; issuing certificate to life agents, $5; fire agents, $3.

Licenses.—Company must pay to the Commissioner a license fee of $50 on filing its first statement, and annually thereafter cn filing its annual statement in April.

Taxes.-A sworn statement must be filed on or before April 15, showing amount of premiums collected in the State and amount of losses paid, and pay to the Treasurer a tax of two per cent on premiums received less losses paid and return premiums to the Treasurer within thirty days. This in lieu of all other personal property taxes.

Penalties. For transacting business without certificate, or after certificate shall have been withdrawn, the offender is deemed guilty of a misdemeanor and subject to a fine not exceeding $100, or imprisonment in the county jail not exceeding six months, or both, in the discretion of the court.

Miscellaneous Companies.-Health, accident, fire, marine, inland, casualty and fidelity companies must furnish to the Insurance Commissioner: Certified copy of articles of incorporation, certified copy of by-laws and amendments, annual statement, supplemental statement, the names and residences of each of its officers and directors, certified to by president and secretary; power of attorney to a resident to receive service of process. Annual statement to be filed on or before April 1, supplemental to be filed on or before April 15. Fees—Annual license, $50 ; filing certified articles of incorporation, $10; filing annual statement, $10; each certificate of authority, $3.

ILLINOIS.
SUPERVISING OFFICER W. R. VREDENBURGH, INSURANCE SUPERINTENDENT,

SPRINGFIELD. Preliminary Documents.-Company must file a copy of its charter, and a statement showing its condition, and a copy of the last annual report made in accordance with the laws of the State wherein the company was incorporated, a certificate of deposit, a certificate of compliance. Also a stipulation that its authority to do business shall cease and terminate whenever it shall make application to remove into any United States court any action commenced against it in any of the State courts.

Attorney.—Company must appoint an attorney to accept service of legal process.

Funds. Each company must possess actual assets of the value of at least $100,000, properly invested.

Companies of Other Countries. Foreign companies must have at least $200,000 on de-, posit with the proper officer of some State for the protection of all policyholders in the United States.

Valuation of Policies. The basis of valuation is the Actuaries' or Combined Experience Table of Mortality, with interest at four per cent.

Annual Statement.-Annual statement must be filed on or before the first day of March of each year, showing the standing of the company December 31 preceding. Such statement to be published by the Insurance Superintendent in two daily papers of general circulation, for not less than one month; charge for same, $105.

Agents. -Every agent must procure a certificate of authority from the Insurance Superintendent, to be renewed annually. Agents, in all advertisements of the company, shall state its location and the authority under which it is organized and shall exhibit on nis sign designating his place of business the name of the State in which the company is incorporated; shall print the name of the State in large type upon all policies issued and upon all pamphlets, circulars, etc., published or circulated in the State, relating to the business of the company.

Discrimination.-Unjust discrimination between insurants of the same class and equal expectation of life, in the rates, amounts or payments of premiums, in the return of premiums, dividends, rebates or other benefits, are prohibited under penalty of from $500 to $1000.

Examinations.—The Superintendent is authorized whenever he deems it expedient to examine any company doing business in the State, and to publish the results when he deems it for the best interests of the public.

Fees.-For filing annual statement, $20; issuing agent's certificates. $2; copy of

papers on file, twenty cents per folio; certifying the same, $1; valuation of policies, three cents per $1000 of insurance; examinations, actual expense incurred. Reciprocal provision covering all fees.

Taxes.-Governed by reciprocal provision.

Penalties.—Company neglecting to file its statement within the time prescribed is liable to a fine of $100 for each day during which such default continues.

Miscellaneous Companies.—Surety company must have fully paid-up capital of $250,000 and a deposit of $100,000 with some State for the benefit of all policyholders. Accident companies must possess paid-up capital of not less than $100,000; must file annual statement on or before the first of March of each year. They must maintain a reinsurance reserve of fifty per cent of the gross premiums. Agents must procure certificates annually on the first day of March. Company doing business without having complied with the law liable to a fine not exceeding $1000. Other miscellaneous companies required to have $100,000 capital, actually paid-up and deposited with the proper officer of some State, held in trust for the benefit of its policyholders, and an additional $50,000 of capital for each kind of insurance more than one which it is authorized to do. Not less than $200,000 capital is required to do an employers' liability business. In all other respects must comply with provisions similar to those of the general fire insurance law. Annual statements are required to be filed on or before March first.

INDIANA.
SUPERVISING OFFICER, D. E. SHERRICK, AUDITOR OF STATE, INDIANAPOLIS.

Preliminary Documents.—Company must file copy of its charter and a statement showing its condition at the close of the preceding year.

Attorney.—Every agent of the company must be authorized to accept service of legal process.

Companies of Other Countries.-Foreign companies must have at least $200,000 on deposit with the proper officer of some State for the protection of all policyholders in the United States.

Valuation of Policies.—No provision.

Annual Statements.-Annual statements are required to be filed with the Auditor in the month of January, copies of which must be published in two leading daily newspapers in the State.

Agents.-Agents must procure a certificate of authority from the Auditor, to be renewed annually upon the filing of the annual statements. Copy of certificate, with certified copy of the statement on which it was obtained, must be filed with the clerk of the Circuit Court of the county in which agency is established.

Licenses.-Every agent or solicitor for an insurance company doing business in this State under this act must have a license from the Auditor of State, and also each member of a firm must have a license. Hereafter give firm name and name of each individual member of firm when applying for license. All licenses issued at the time of the passage of this act in March, 1903, are by the act itself extended to expire January 1, 1904, upon the payment to the Auditor of State the remaining sum, if any, due for such license for the whole year.

Fees. For examination of statements, $5; for accepting service as attorney, $3: filing copy of same, $5; for certificate of authority, $3; to clerk of court for filing statement and certificate, 25 cents.

Taxes.-In the months of January and July of each year companies are required to report to the Auditor the gross premiums received in the State for the preceding six months ending on the last days of December and June, and, at the same time, shall pay into the State treasury $3 for every $100 of premiums, after deducting losses actually paid within the State.

Penalties.-For any violation of the laws relating to insurance a fine not exceeding $1000 is incurred, or imprisonment in the county jail not more than 30 days, or both. For neglect to report premiums and pay taxes thereon a forfeiture of $100 for each day of such default is provided.

ADDITIONAL NOTES FROM THE STATUTES. Fraudulent Statements. Any agent, physician or other person knowingly securing insurance on the life of any person without their knowledge or consent, or by means of misrepresentation or false and fraudulent statements, be instrumental in securing insurance on an aged or infirm person, or restore insurance on a person not in insurable condition, shall be deemed guilty of a misdemeanox Penalty, fine not less than $100 nor more than $500, to which may be added imprisonment for not less than thirty days nor more than two years.

Miscellaneous Companies.—No company permitted to transact business unless it has a capital of at least $200,000, and every company must pay a tax of three per cent on its premium receipts less losses paid. Surety companies must have $250,000 capital Plate glass insurance companies must have $100,000 capital. Live stock insurance companies must have a paid-up capital of not less than $50,000, and must furnish annual statements.

Questionable Deposit Law.–At the last session of the legislature a law was passed to "regulate foreign corporations issuing stocks, bonds, contracts and agreements upon which payments are to be made in instalments,” etc. It requires a statement under oath to be filed with the Auditor of State in designated form, a deposit to be made with the Auditor of a sum of not less than $25,000 the first year, and, after the first year, a deposit at all times equal to the amount of its liabilities to citizens of this State. Whether or not this will be construed as applying to life insurance companies has not been officially announced.

Iowa.

SUPERVISING OFFICER, B. F. CARROLL, AUDITOR OF STATE, Des Moines. Preliminary Documents.—Company must file a copy of its charter and a statement showing its condition, and a copy of its last annual report.

Attorney.—Companies must appoint the Auditor of State to accept service of legal process.

Funds.—Company must have at least $100,000 of paid-up capital or surplus over and above all liabilities invested in stocks or bonds of the United States, of the State of Iowa, or of the State wherein it is incorporated, or mortgages on unencumbered real estate worth double amount of the loan. Such securities must be deposited with the proper officer of the State in which such company is located, to be held in trust for the benefit of all policyholders.

Companies of Other Countries.-Foreign companies must have at least $200,000 on deposit with the proper officer of some State for the protection of all policyholders in the United States.

Valuation of Policies.—Policies to be valued upon the basis of the American Experience Table of Mortality, with interest at 472 per cent, or upon the basis of the Actuaries' or Combined Experience Table of Mortality, with interest at 4 per cent.

Annual Statements.- Annual statements must be filed with the Auditor on or before the first day of March of each year showing the condition of the company on December 31 preceding.

Agents.-Agents must procure annually from the Auditor certificates of authority to do business. Local and traveling agents must procure certified copy of the certificate of authority issued to the company. In all advertisements agents must state the location of the company and the authority under which it is organized.

Discrimination.—Discrimination between insurants of the same class and expectation of life in amount of premiums to be paid or benefit to be received, is prohibited. A copy of the application must accompany the policy. The omission does not invalidate the policy, but precludes the company from setting up misrepresentation as a defense to an action brought under such policy.

Examinations. The Auditor is authorized to examine any company doing business in the State and to publish the result of such examination when he deems it for the best interests of the public, but examinations may not be made oftener than once every two years.

Fees.-For filing certified copy of charter, $25; annual statement, $20; issuing certificate of authority and certified copy thereof, $2; copies of papers, 20 cents per folio; certification of same, $1; valuing policies, $10 per million of insurance or a fraction thereof; examination of companies, expenses incurred; other fees regulated by reciprocal provision.

Taxes. At the time of filing annual statement company is required to pay a tax of 2/2 per cent upon gross premium receipts received in the State during the preceding year. Reciprocal provisions.

Penalties.-Failure to file annual statement or procure certificate of authority incurs a penalty of $100 for every day's default. Agents transacting business during the period of such default shall forfeit $300. Agents failing to obtain certificate of authority to forfeit $25 for each day's neglect. For giving rebates to the insured a fine of $500 is provided and revocation of license for three years.

[Iowa requires that life companies, organized within the State, shall have at least $100,000 subscribed capital, of which twenty-five per cent must be deposited with the Auditor before they can commence business. Also that the net cash value of all policies in force shall be deposited with the State Auditor in approved securities.]

ADDITIONAL NOTES FROM THE STATUTES. Approval of Contract.—No form of policy contract for life insurance may be issued until approved by the State Auditor, Governor and Attorney-General and must be based upon satisfactory medical examination of the applicant. Failure to comply with this provision works a forfeiture of from $100 to $1000 and revocation or suspension of authority.

Medical Examination.—Where medical examiner for a company certifies that applicant is insurable, the company is estopped from defending on the ground that he was not in an insurable condition.

Miscellaneous Companies.—Any company, association or partnership doing business in the State must have a capital of at least $200,000, except that plate glass companies may have $100,000. Companies organized to do accident insurance exclusively, $100,000 capital and $100,000 cash surplus. All companies must pay a tax of two and a half per cent on gross premiums received.

Misstatement of Age.--A misstatement as to age does not void policy, but company may collect difference of premium.

KANSAS
SUPERVISING OFFICER, C. H. LULING, SUPERINTENDENT OF INSURANCE, TOPEKA.

Preliminary Documents.- Company must file a copy of its charter and by-laws and a copy of its last annual report to show the condition of the company on December 31 preceding.

Attorney.—The Superintendent of Insurance must be appointed the attorney of the company to accept service of legal process. The company must file with the Insurance Department its written consent, irrevocable, that actions may be commenced against the company in any county in the State in which the cause of action shall arise or plaintiff shall reside, and that service of process on the Superintendent shall be binding on the officers of the company.

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