this State to the full amount named therein; a certificate of examination by the Insurance Commissioner of its own State in verification of statement of condition of the company. Certificate from the Insurance Commissioner, or other like officer, certifying that it is legally entitled to do business in its home State; a certificate of deposit (by official holding same) that he holds on deposit, for the benefit of policyholders of such company, good securities, amounting to no less than the amount of the maximum certificate or policy issued by it, or in lieu of such deposit may make a similar one in this State; a copy of the constitution and by-laws, and of each and every addition thereof, which must show that all indemnities to beneficiaries are in the main provided for by assessment upon all surviving members; a copy of the application for membership or insurance, and of each form thereof, if more than one form is used; a copy of the form of certificate of membership or policy, and of each form thereof if more than one form is used.

Annual Statements.-Annual statements must be filed with the Commissioner on or before March 1, showing the condition of the association on December 31 preceding. Fees. For filing copy of charter, $30; for filing annual report, $25; for life companies, $5; accident, $3; retaliatory law in force.

Taxes. Each association must file on the first day of July in each year, or within thirty days thereafter, a statement of all premiums or annual dues and assessments received in cash or otherwise in this State, or out of this State, on business done in this State during the year ending on the 30th of June last preceding, and shall at the same time pay into the State Treasury a tax of $1 on each $100 of said premiums, annual dues and assessments. In addition, Louisville is permitted to collect two and one-half per cent on all business done in that city.

Penalties. For transacting business in violation of the law, or without license, a fine of not less than $50 nor more than $100 for each offense is provided, and imprisonment until such fine is paid.

Fraternal Orders.-The laws relating to insurance provide as follows: Section 104 The provisions of this chapter or article shall not apply to secret or fraternal societies, lodges or councils which are under the supervision of a grand or supreme body, and secure members through the lodge system exclusively, and pay no commissions nor employ any agents except in the organization of, and supervision of, the work of local subordinate lodges or councils.

LOUISIANA.

Preliminary Documents.-Any corporation or association furnishing life or accident insurance, or indemnity, upon the assessment plan must obtain a license from the Secretary of State, preliminary to which it must file with him a certified copy of its charter, a copy of its statement of business for the year ending the 31st day of December preceding, and a certificate that it has paid and has the ability to pay its certificates, or policies, to the full limit named therein; that it does not issue certificates upon lives of persons who are more than sixty-five years of age; that an ordinary assessment upon its members is sufficient to pay its maximum certificate; a certificate that it is lawfully entitled to do business in the State of its organization; also a copy of its application for membership or insurance, and a copy of the form of certificate of membership or policy and each form thereof, if more than one is used; and a copy of its constitution and by-laws.

Agents.-Agents must procure a certificate of authority from the Secretary of State. Annual Statements.-Annual statements must be filed with the Secretary of State before the first day of March each year, showing its condition on the 31st day of December preceding.

Poncy Requirements.-Every policy or certificate issued to a resident of Louisiana by a corporation or association transacting the business of life insurance upon the assessment plan shall be printed in black ink, and shall have printed in bold type in red ink, diagonally across the face, the words "Issued upon the assessment plan," and the words "assessment plan" shall be printed in red ink upon every application, circular, card, advertisement and other printed documents issued or circulated by such corporation. A company refusing to comply with this requirement shall have its license revoked. Licenses.-(Same as for life companies; see page 50.)

Miscellaneous Companies.-Plate glass insurance and all miscellaneous companies are required to have a capital of $100,000. All companies must comply with the requirements as above for life insurance companies.

Benevolent and Fraternal Societies.-Act of 1902. All associations soliciting through paid representatives are divided into four classes and taxed as follows: First class, when gross annual receipts amount to $50,000 or more, the tax shall be $375; second class, $40,000 and less than $50,000, $300; third class, $30,000 and less than $40,000, $225; fourth class, $20,000 or less, $150. A certified copy of its act of incorporation, certificate of membership and form of application is required.

Penalties. Failure to comply with provisions subjects to a fine not exceeding $100 or thirty days' imprisonment or both. Secret societies are exempt under this act.

MAINE.

Preliminary Documents.-Association must file with the Insurance Commissioner a certified copy of its charter and by-laws, a sworn statement of its business for the preceding year, and a certificate that it is paying, and for the twelve months next preceding has paid, the maximum amount named in its certificates in full; also a certificate from the proper officer of its home State that the company is legally organized or incorporated and is transacting business in compliance with its charter and the laws of such State, and that Maine assessment corporations are legally entitled to do business in such State; also a copy of its certificate and application, which must show that benefits are provided for by assessment upon policy or certificate-holders, and satisfactory evidence that the association maintains a reserve fund equal to not less than the proceeds of one assessment. The Insurance Commissioner is by law the attorney of all companies licensed to do business in the State to accept service of legal process.

Annual Statements.-Annual statements must be filed with the Insurance Commissioner on or before January 31, showing the condition of the association December 31 preceding.

Agents.-Company must file with Commissioner a certificate of appointment and obtain license for each agent, which must be renewed July 1. Agent personally liable on all contracts of insurance unlawfully made by or through him in unauthorized companies.

Fraternal Orders.-Fraternal beneficiary corporations must obtain license from the Insurance Commissioner. Such a corporation shall furnish the Commissioner with a certified copy of its charter and by-laws, with a statement under oath, showing its membership and financial condition, and shall also furnish the Commissioner with such other information as he shall deem necessary to a proper exhibit of its business and standing and plan of working, and if he deems it expedient he may license such corporation, association or society to do business in this State in accordance with the provisions of this act. For such license he may receive a fee of $20. Must report annually, on or before the first day of March, to the Commissioner the names and addresses of its president, secretary and treasurer, and shall make such further statements of its membership and financial transactions for the year ending on the preceding 31st day of December as the Commissioner may deem necessary. All such organizations are required to be operated on the "lodge system, with ritualistic form of work and representative form of government," etc. Companies applying for admission must have adopted, and in force, mortuary rates of assessments not lower than those of the National Fraternal Congress. Any fraternal society having more than three hundred members must comply with the provisions of the law. Agents must obtain license, fee $2. Retaliatory provision.

MARYLAND.

Preliminary Documents.—Associations required to have in force applications for membership from at least 100 persons, and must file with the Commissioner a certified copy of its constitution and by-laws and of its certificate and application; also a statement showing its condition. Also a certificate from the proper officer of its own State that it is authorized to do business therein.

Annual Statements.-Associations must file their annual statements with the Insurance Commissioner on or before March 1, showing their condition on December 31 preceding.

Fees. For license to do business, $300 per annum from January 1 to December 31; filing certified copy of charter, $25; annual statement, $25; certificate to agent, $10; certificate to sub-agent or solicitor appointed by general agent, $2; abstract of annual statement, $2; also net cost of publication; copies of papers on file, 20 cents per folio; certification, $1; valuing policies, $30 per million of insurance or fraction thereof; examination of associations, actual expenses incurred.

Fraternal Orders.-Must have a deposit of at least $10,000 with some State official for the protection of its members; must make annual statement of financial condition on or before March 1, and appoint the Commissioner its attorney to accept legal service.

MASSACHUSETTS.

Assessment life companies have no longer authority to do an assessment business in Massachusetts.

Fraternal Orders.-Fraternal beneficiary corporations organized under the laws of another State, and paying only disability and death benefits, may be admitted to transact business. Annual statements must be filed on or before February 1, showing the condition of the corporation on December 31 preceding. For good cause shown the Commissioner may extend the time, but not to a date later than March 1. The Insurance Commissioner must be designated as attorney to accept service of legal process.

MICHIGAN.

Preliminary Documents.-Association must file with the Commissioner of Insurance a copy of its charter and by-laws and a certified statement of its business for the preceding year, together with a copy of its certificate and application and a certificate, under oath, of its president and secretary that it has not issued certificates upon the lives of persons over sixty-five years of age, nor upon the life of any person except such person shall have personally made and signed application for such certificate; that one assessment will pay the maximum amount named in its certificates, and that it is paying, and for the twelve months preceding has paid, the highest amount named in its certificates in full. A resident of the State must be appointed attorney to accept service of legal process. In addition, the association must file copy of a certificate, issued by the proper officer of the State in which it was organized, stating that it is authorized to do business. Annual Statements.-Annual statements must be filed with the Commissioner within sixty days from January 1, showing the condition of the company December 31 preceding.

Assessment Notices.-Every notice of assessment must specify the amount to be paid and where payable, the loss for which it is made, and a statement of the condition of the mortuary and emergency funds, and balances at the close of the calendar month.

Fees. For issuing certificate of authority and filing annual statement, $25; examinations of companies, not exceeding $10 per day and necessary expenses. Áll agents must obtain a certificate of authority; fees in accordance with reciprocal provision.

Fraternal Orders.-Each fraternal order must file with the Commissioner of Insurance a certified copy of its charter and articles of association, a copy of its constitution of laws, and satisfactory proof that it has paid all death claims in full for a period of at least one year immediately preceding, and appoint the Commissioner of Insurance its attorney to accept legal process. It must also file a certificate showing that it is authorized to do business in the State wherein it is organized. Annual reports must be filed on or before the first day of March, showing its operations during the preceding year.

MINNESOTA.

Preliminary Documents.-Association must file with the Insurance Commissioner a certified copy of its charter or articles of incorporation and a certified copy of its by-laws, and a sworn statement covering its business and financial standing at the close of the preceding year; also a certificate from the Insurance Commissioner or proper official of its home State, that it is duly and legally organized and has authority to transact its legitimate business therein; and that similar societies or associations of Minnesota would be entitled to admission to such other State upon compliance with its laws, also must file power of attorney, designating the Insurance Commissioner as attorney upon whom service of process may be made. Sample copies of policy or certificate contracts, together with blank applications and advertising literature, are required to be furnished. Annual Statements.-Annual statements must be filed with the Commissioner on or before the first day of February, showing the condition and financial affairs of the association, as of December 31 preceding.

Fees. For filing and recording declarations required, $10; filing annual statements, $10; for each certificate of authority and certified copy thereof, $1; copies of papers on file, 20 cents per folio; certifying same, $1; for examinations of home companies when made by the Commissioner or his deputy personally, actual expenses incurred and not to exceed $50 in any one year. All fees subject to reciprocal laws.

Fraternal Orders.-Fraternal societies are subject to, and must comply with, all provisions of the statute governing assessment companies or associations.

MISSISSIPPI.

Preliminary Documents.-Every association must file with the Insurance Commissioner a copy of its charter, by-laws, and all rules and regulations affecting its policies or certificates, and made a part of its contracts; and no by-laws or regulations not so filed shall be held to avoid or affect any policy or certificate issued by the association.

Annual Statements.-Annual statements must be filed on or before March 1, showing the transactions and financial standing of the association at the close of the previous year. The substance of such statement must be published in some newspaper in the State.

Licenses.-An annual license fee of $150 exacted.

Taxes. The law provides that "all life insurance companies shall pay a tax of two per cent upon the gross amount of their initial, or first year, premium receipts in this State, and one-tenth of one per cent upon renewal premiums on business hereafter written."

Fraternal Orders.-For filing charter, preliminary to admission, $25; for filing annual statement, $10 and all other fees and charges due and payable by any company, association, order, or individual in his department. Annual statement to be filed by March 1, together with copy of constitution and by-laws then in use.

MISSOURI.

Preliminary Documents.-Association must file with the Superintendent of Insurance a certified copy of its charter and a verified statement of its business for the preceding year, and a verified statement that it is paying, and for the twelve months next preceding has paid, the maximum amount named in its policies or certificates in full; a certificate from the proper official of its home State that it is authorized to do business in that State; a copy of its certificate and application, and satisfactory evidence that the association maintains a fund equal in amount to the proceeds of one death assessment on all certificate holders. Association must keep on deposit with Insurance Department the sum of $1000 to indemnify the State against cost and expenses for the prosecution of the association for violations of the law, and to pay cost and expenses of examinations that may be made.

Annual Statements.—Annual statements must be filed with the Superintendent on or before February 1, showing condition December 31 preceding.

Fees. For issuing certificate of authority to do business, $25; for filing annual statement, $25; examinations of associations, actual expenses incurred; issuing agent's certificate, $2; furnishing copies of papers on file, 20 cents per folio; certifying same, $1; valuation of policies, $10 for each million dollars of insurance or fractional part thereof. If the expenses of the Department exceed fees collected, Superintendent is authorized to assess the companies to make up the deficiency. Reciprocal provisions regarding other fees.

Fraternal Orders.-Fraternal orders must have representative forms of government, a lodge system and a ritualistic form of work. They shall provide for death benefits, may provide for sick or accident disabilities, and for old age disabilities, provided the period of old age benefit is past seventy. Payments by policyholders must be by assessments. Paid-up policies, limited payment contracts and cash values are not permitted. The Insurance Department will not recognize a stated, fixed or level premium. They are not permitted to solicit business by paid agents except in the organization or building up of subordinate bodies or granting members inducements to procure new members. Other State associations must appoint the Superintendent of the Insurance Department attorney to receive service of legal process. Fees for filing annual statement, $5; for examination, not to exceed $50.

ΜΟΝΤΑΝΑ.

Preliminary Documents.-A certificate must be filed with the State Auditor showing that the association has deposited with the proper officer of the State or Territory in which it is organized a sum not less than $50,000 as a guarantee fund for the security of its members; also file a certified copy of its charter and a verified copy of its statement for the preceding year; also a verified statement setting forth that an assessment upon its members is sufficient to pay its maximum certificate of membership for the full limit; also a copy of its certificate of membership, application, and by-laws, and must designate a person resident of the State to accept service of legal process.

Annual Statements.-Annual statements must be filed with the Auditor on or before March 1, showing the condition of the association December 31 preceding.

Fees. For issuing certificate of authority, $300; for a license to collect in any one year premiums amounting to $5000 or less, $125; to collect over $5000 premiums, $20 for each $1000 so collected. For filing annual statement, $25.

Fraternal Orders.-Fraternal and benevolent orders are exempt from compliance with the insurance laws.

NEBRASKA.

Only accident companies doing business on the assessment plan are admitted to do business in the State. Such company must have not less than $100,000 invested assets. Fraternal Orders.-A fraternal order must file with the Auditor copy of its charter and articles of association, and of its constitution and by-laws, and appoint the Auditor its attorney to accept service of legal process. It must file an annual statement on or before March 1, showing its transactions for the year ending December 31 preceding. The Auditor will issue a certificate to do business, the fee for which is $20. Employment of paid agents prohibited. Every applicant for membership must submit to medical examination.

Licenses. An annual license fee of $10 is exacted.

NEVADA.

Preliminary Documents.-Association must deposit with the Controller a certified copy of its charter; a statement of its business for the preceding year; a power of attorney which shall authorize a citizen and a resident of this State to make and accept service of legal process; a certificate that for the next preceding twelve months it has paid in full the maximum amount named in its contracts of insurance; copies of its contracts of insurance and applications, which must show that the liabilities of its members are

not limited to fixed premiums, and evidence that the corporation has accumulated a fund equal to that required of like corporations of this State, constituting a reserve or surplus fund held in trust for the benefit of its contract holders.

Annual Statements.-Statements must be filed with the Controller on or before the first day of March, showing the condition of the association on December 31 preceding, and published for a period of one week in a daily newspaper in Nevada.

Fees. For filing power of attorney and issuing certificate, $5 Reciprocal legislation as regards fees, etc. Each association must pay to the Controller $100 annually, in advance, for license to do business, which sum shall be in full for all fees.

Fraternal Orders.—Nevada has no special laws relating to fraternal orders.

NEW HAMPSHIRE.

Preliminary Documents.-Association is required to file a statement of its condition; a certified copy of charter and by-laws; copies of certificates or policies; power of attor ney; certificate, under oath, of president and secretary that it is paying, and for the twelve months preceding has paid, the maximum amount named in its policies or certificates in full; that an assessment upon its policyholders will produce a sum equal to the maximum policy written by the company; that it is in possession of, and maintains as a trust for the benefit of policyholders, a fund equal to the amount which one assessment would produce; that it possesses invested assets of not less than one hundred thousand dollars; a certificate from the Insurance Commissioner of its own State that New Hampshire assessment companies are legally entitled to do business in such State. All such associations pay the same fees and taxes paid by foreign insurance companies. Other fees governed by reciprocal legislation.

Assessment Casualty Companies.-Companies of this class must possess invested assets to the amount of $10,000, otherwise subject to the above requirements, and pay the same tax as other companies.

Fees. For filing copy of charter, $25; filing annual statement, $15; license to company $5; annual renewal of same, $5; license to agents, $2 annually; license to steam boiler companies, $10. Licenses renewable April 1, each year.

Fraternal Orders.-Association must appoint the Insurance Commissioner its attorney to accept legal process, and on or before the first day of March each year must report its transactions for the preceding year. Associations not allowed to employ paid agents in procuring members, except in the organization of subordinate lodges, and must file with the Commissioner a certificate showing that it is authorized to do business in the State wherein it is organized. Fees: Admission fees, $10; thereafter annually, $5.

NEW JERSEY.

Preliminary Documents.-Association must file with the Commissioner of Banking and Insurance a certified copy of its charter and a statement of its business for the preceding year; also a certificate that it is paying, and for the twelve months then next preceding has paid, the maximum amount named in its policies or certificates in full, and that it does not issue policies or certificates upon lives of persons more than sixty-five years of age, nor on any life in which the beneficiary named has no interest; a certificate from the proper authority in its own State that it is legally entitled to do business; a copy of the application for membership or insurance and by-laws, and of each form of policy issued; also satisfactory evidence that the association has accumulated and maintains a reserve or emergency fund not less than the proceeds of one death assessment on its policy or certificate holders, and at least equal to the amount of its maximum policy or certificate, and that the same is a trust for the benefit of policy or certificate holders only. The association must designate a principal office within the State, and some person resident therein on whom service of legal process and papers may be made. Annual Statements.-Annual statements must be filed on or before January 31, showing the condition of the association on December 31 preceding.

Fees.-Filing charter, $20; filing statement, $20; each agent's certificate, $2.

Fraternal Orders.-Fraternal orders are required to file with the Insurance Commissioner a copy of their charter, constitution and by-laws, and annually on or before the 31st of January file a statement showing the transactions of the previous year ending December 31. The Commissioner of Banking and Insurance must be appointed attor ney, on whom process may be served.

Fees.-Filing charter, $10; filing statement, $5; permit to do business, $5.

NEW MEXICO.

New Mexico has no laws relative to assessment insurance organizations.

Fraternal Orders.-New Mexico has no laws relating to fraternal orders. The fol lowing from the general law relating to insurance has been construed to apply to assessment accident companies: