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It shall not be lawful for any insurance company, association or partnership, organized or associated for any form of insurance, incorporated by or organized under the law of any State of the United States or any foreign government, direc:ly or indirectly to take or transact any business of insurance in this Territory, unless possessed of three hundred thousand dollars of actual paid-up capital (excepting companies transacting and confining their business exclusively to the insurance of plate glass against breakage, and all accident insurance companies, either stock or mutual, which shall be possessed of one hundred thousand dollars of actual paid-up capital or available cash assets, inclusive of any assets of any such company as shall be deposited in any other State or Territories or foreign countries for the especial benefit or security of the insured therein).

NEW YORK. Preliminary Documents. Association must file with the Superintendent of Insurance a copy of its annual report, showing a full statement of its business for the preceding year. A certificate must be filed in the office of the clerk of the county wherein is located the principal office of the association within sixty days after filing its annual report with the Superintendent. Association must designate some place within the State as its principal office, and must appoint the Superintendent of Insurance as its attorney to accept service of legal process. Company must accumulate a reserve fund equal to one death or disability assessment.

Annual Statements.-Annual statements must be filed with the Insurance Department on or before March 1, showing the condition of the company December 31 preceding. Reports to be made out upon blanks furnished by the Superintendent.

Fees.-Reciprocal fees only charged, other State corporations being charged same fees that New York assessment corporations are charged in such other States.

Stipulated Premium Plan.—A special act provides for stipulated premium companies.

Fraternal Orders.-On organization, fraternal orders must file with Superintendent a certificate under oath of their principal officers that at least two hundred persons have subscribed in writing to be beneficiary members therein, with a total beneficary amount not less than four hundred thousand dollars, and that they have paid in one full assessment in cash amounting to at least one per cent thereof. Annual reports must be made on or before March 1. Chapter 450, Laws of 1903, eliminated the right of fraternal orders to do an endowment business.

NORTH CAROLINA. Preliminary Documents.-Company must file with the Commissioner of Insurance copy of its charter and by-laws, and its business must not exceed its charter rights. Foreign companies on entering the State must file application for admission, application for license, certificate of home State, certified copy of charter, power of attorney and financial statement. All fees, $44.

Annual Statements.-Annual statements must be filed on or before March 1, showing business of preceding year.

Fraternal Orders.-Not organized for purposes of gain, are not subject to the insurance general laws, but to special laws governing fraternal orders, and must pay an annual license of $25, have agents licensed, and make annual reports to the Commissioner. Domestic mutual companies pay a license fee of $50, and if operating in not more than two counties, $10 per annum.

Fees.-For filing charter, $25; annual statement, $10.

NORTH DAKOTA.
North Dakota has no laws relating specially to assessment insurance.

Fraternal Orders.—Each association must do business on the lodge plan, with ritualistic form and a representati form of government. It must file with the Commissioner of Insurance a copy of its charter, constitution and by-laws, and appoint the Commissioner its attorney to accept legal service. Must incorporate under the State civil code, article 3, chapter 17, and furnish evidence that it is lawfully doing business in the State wherein it is chartered. Paid agents prohibited. Annual reports must be filed on or before March 1, showing business of the preceding year. Fees, filing preliminary documents, $15.

OHIO. Preliminary Documents.-Company must deposit with the Superintendent of Insurance a certified copy of its charter or articles of incorporation; a certificate from the Insurance Commissioner or Superintendent of its own State showing its authority to do such business; a certificate from said Commissioner or Superintendent that corporations on the assessment plan are legally entitled to do business in such State; a statement of its business for the preceding year; a certificate that such company is paying, and for the twelve months next preceding has paid, the maximum amount named in its policies

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or certificates; a copy of its policy or certificate, application and by-laws, which must show that the liabilities of the members are not limited to fixed or artificial premiums; evidence that such corporation has accumulated and maintained a fund not less in amount than the proceeds of one periodical payment by certificate or policyholders thereof, and that such fund is held solely for the benefit of certificate or policyholders, and can only be used for the purposes provided by the laws of the State where incorporated; provided, that said fund in the case of accident companies or accident associations shall not be less than $5000, and need not be more than $10,000; that such corpora. tion, except it be an accident insurance corporation, does not issue certificates or policies upon the life of any person more than sixty-five years of age, or upon any life in which the beneficiary named has not a legal insurable interest; must file with the Superintendent of Insurance an appointment of an attorney within this State upon whom service of process may be had.

'Annual Statements.-Associations must file reports with the Superintendent on or before March 1, showing its condition on December 31 preceding.

Fees.-For filing copy of charter or articles of incorporation, $25; for filing each annual statement, $20; for issuing certificate of authority or license to company or association, $i; for issuing license to each agent, $i; for affixing seal and certifying any paper, $1. Provided, that any company or association may pay to the Superintendent the sum of $25 for licenses to its agents for the year, and by so doing shall be entitled, without further charge, to licenses for as many agents as it may choose to appoint. Reciprocal provisions additional.

Taxes.-Assessment associations not required to pay taxes.

Fraternal Orders.—To procure a certificate of authority, articles of association and duly certified copies of the constitution and by-laws, rules and regulations, and copies of all proposed forms of benefit certificates, applications and literature, and a bond in the sum of $5000 shall be filed with the Superintendent of Insurance. No domestic association shall transfer its membership or funds to an unauthorized association, or to a licensed association unless contract for such transfer be approved by a two-thirds vote of the members of the supreme body, and a two-thirds vote of the trustees of the association proposing to take such membership. Licenses expire April 1. Fe for license or renewal thereof, $25. Superintendent of Insurance shall be appointed attorney for service of legal process. Annual reports to be filed on or before March 1. Expenses of examinations of domestic associations are paid out of the State Treasury. Examinations of foreign associations are made without expense to the association examined. Certain associations are exempt from the above provisions.

Assessment life and accident associations of other States, whose expenses exceed thirty per cent, are forbidden.

Funeral and burial associations are exempt from the provisions of the assessment life association law.

OKLAHOMA TERRITORY. The insurance laws adopted by the Oklahoma legislature contain 'no special provisions relative to associations doing business on the assessment plan, but ali such would, doubtless, be required to comply with the laws relating to life insurance companies. These require that the company should have at least $100,000 of funds safely invested, that a copy of its charter should be filed by each company with the Commissioner, and annual statements made before March 1.

Fraternal Orders.-Association must file with the Superintendent of Insurance a certified copy of its charter and articles of association, a copy of its constitution and bylaws, and an appointment of the Superintendent as an attorney to accept legal service. It must also file a certificate that it is authorized to do business in the State, Province or Territory in which it is organized. Association must, on or before the first day of March. each year, file with the Superintendent a report of its affairs and operations during the year preceding, and must appoint the Superintendent its attorney to accept service of legal process. A law was passed by the legislature of 1901 providing for the admission of fraternal orders. Such associations must be organized on the lodge plan, have a ritualistic form of work, and provide for membership representation. A copy of its charter and bylaws must be filed with the Secretary of State, and a statement showing the condition of the association at the close of the preceding year. Annual statements must be filed on or before March 1. Fees. Superintendent of Insurance must be appointed attorney to accept service of legal process. Fees for filing charter, etc., $5; reciprocal provisions.

OREGON. The laws of Oregon do not refer especially to assessment associations. Such associations must have a capital or reserve fund of not less than $10,000. Accident associa. tions may have only $100,000.

Fees.- Mutual associations, whether assessment or otherwise, must pay fees as fol. lows: To Secretary of State for filing power of attorney, $5; issuing certificate of author. ity, $5; annual license to life, accident or surety company or mutual insurance association, $100; license to agent or solicitor of life insurance company, $5; casualty (accident) not required to license agents; examinations, expenses incurred; to Treasurer, filing certificate of deposit and expense of printing notices, $10, Fraternal Orders.-Fraternal orders are exempt from compliance with this law.

PENNSYLVANIA. Preliminary Documents.--Association must file with the Insurance Commissioner a certified copy of its charter and a copy of its annual statement for the preceding year; also a certificate setting forth that it has paid and is able to pay its certificate to the full limit named therein; also a certificate from the Insurance Commissioner of its home State, setting forth that it is legally entitled to do business in that State; also copies of its certificate of membership, application and by-laws, and designate some person residing in the State to accept service of legal process.

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

Fees.-For issuing license, $25; each annual renewal, $25; filing annual statements, $20.

Fraternal Orders.--Association must file with the Insurance Commissioner a copy of its constitution and by-laws, appoint the Insurance Commissioner its attorney to accept legal process, and must, on or before the first day of March in each year, make a report of its transactions during the preceding year. No fees.

RHODE ISLAND. Preliminary Documents.-Association must file with the Insurance Commissioner a certified copy of its charter; a statement of its business for the preceding year; a certificate that it is paying, and for the twelve months preceding has paid, the maximum amount named in its policies or certificates in full; a copy of its certificate and application, and satisfactory evidence that the association, if engaged in the business of life insurance, has $100,000 saíely invested in real estate or mortgages on real estate, or ground rents, or any securities the market value of which is at or above par, or, if engaged in the business of casualty insurance, has and maintains an emergency or reserve fund.

Annual Statements.-Annual statements must be made to the Insurance Commissioner in the month of January, showing the condition December 31 preceding.

Fees.-For filing copy of charter, $30; filing statement. $20; issuing agents' certificate, $2. All firms of general agents counted as one agency. Agents' licenses renewable April 1, each year.

Fraternal Orders.-Fraternal orders are not required to comply with the insurance laws.

SOUTH CAROLINA. Preliminary Documents.- Association must file with the Comptroller-General a certified copy of its charter; a copy of its annual statement and a certificate setting forth that it has paid, and is able to pay, its policies or certificates to the full limit named therein; also a certificate of the Insurance Commissioner of its home State, setting forth that it is legally entitled to do business in that State; also a copy of its certificate of membership, application and by-laws, and designate a resident of the State as its attorney to accept service of legal process.

Annual Statements.-Annual statements must be filed with the Comptroller-General on or before March 31. showing the condition of the company December 31 preceding.

Fees.-For certificate issued to association, $100: also a graduated license fee of onehalf of one per cent on gross premiums collected within the State.

Fraternal Orders.-Society must file with the Comptroller-General a certified copy of its charter, copies of its constitution and by-laws, and appoint the Comptroller its attorney to accept service of legal process. On or before the first day of March, each year, statement must be filed showing the transactions of the society during the preceding year ending December 31. License, $25; filing annual statement, $25.

SOUTH DAKOTA. Preliminary Documents.-Association must file with the Insurance Commissioner a certified copy of its charter, a sworn statement showing the location of the association, the amount of its business, and a certificate that it is legally organized, and that an ordinary assessment is sufficient to pay a maximum certificate to the full limit named therein. A joint bond must be filed, given by the president, secretary and treasurer, in the sum of $10,000, for the faithful performance of duties. A resident of the State must be designated as an attorney to accept service of legal process.

Annual Statements.-Annual statements must be filed within two months from January 1, and must be published at least three times in one of three papers designated by the Insurance Commissioner and printed and published in each judicial circuit of the State in which the association shall have an agency within ninety days from the filing of the statement.

Fees. For each certificate to agent, $2; filing copy of charter, $25; annual statement, $10; copies of papers on file, 20 cents per folio; certifying same, $i. All fees subject to retaliatory law; examination of companies, actual expenses incurred, not exceeding $10 per diem.

Taxes.-Every mutual benefit association or insurance company organized or doing business in this State shall, at the time of making annual statements, pay into the State Treasury as taxes two per cent of the gross amount of assessments received in this State during the preceding year.

Fraternal Orders.-Fraternal orders required to comply with the law relating to assessment companies, excepting taxes.

TENNESSEE. Preliminary Documents.—Every assessment life and accident association must file with the Insurance Commissioner a copy of its charter and a verified statement setting forth that the association is paying and has paid for the twelve months next preceding the maximum amount named in its policies; also copies of its policies and application and its by-laws; also evidence that it accumulates a reserve equal to that of State companies; the Commissioner must be appointed attorney to accept legal process. New associations must have one million insurance in force to receive a license. A reserve of two per cent on insurance in force must be maintained.

Annual Statements.-Annual statements must be filed within thirty days from January 1, showing the condition of the association December 31 previous

Fees.-For issuing license and each renewal thereof, $25; this in lieu of all other taxes. Filing annual statement, $15; issuing certificates or licenses to agents, $2.

Taxes.-Associations must pay semi-annually, in January and July, two and one-half per cent on gross premiums collected in the State. Sworn returns of business must be made as of December 31 and June 30.

Agents.--Agents are required to pay a privilege tax of $10 per annum.

Fraternal Societies.-Associations doing business on the lodge plan, with ritualistic form of work, organized for the sole benefit of their members and their beneficiaries, are permitted to do business upon compliance with the special act relating to such societies. Such associations must make annual reports on or before March 1, showing the business of the preceding year to December 31, and file with such report a copy of their constitution and by-laws then in force. Fee for filing annual report, $10.

TEXAS. Preliminary Documents.—Association must obtain a license from the Insurance Commissioner; must have cash assets of not less than $100,000 and a surplus of $100,000, and must file with the Commissioner a certified copy of its charter; a certificate that it is paying, and for the twelve months then next preceding has paid, the maximum amount named in its certificates in full; a statement showing its business for the previous year; a certified copy of its constitution and by-laws, and a copy of its policy and application; also a certificate from the proper authority of its home State that such association is legally entitled to do business in that State. The Commissioner of Insurance must be designated as its attorney to accept service of legal process.

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

Fees.-For filing copy of charter, $25: filing preliminary statement, $20; filing annual statement, $20; license to agent, $i; certificates for publication, $1; annual tax, two per cent of gross premium receipts for previous year.

Fraternal Orders.-Fraternal orders must be conducted on the lodge system with ritualistic work. They must file with the Commissioner copies of their constitution and by-laws, and appoint the Commissioner as a person to accept legal service. Annual statements must be made on or before the first day of March, showing their transactions for the year ending December 31 preceding.

Fees.-For filing copy of charter, $5: for certificate of authority, $I; filing annual statement, $1

UTAH. Preliminary Documents.-Association must file with the Secretary of State a copy of its last annual statement for the preceding year; also certified copies of articles of incorporation, certificate of incorporation and by-laws, coupled with an acceptance of the State constitution. Similar documents must be filed in the office of the county clerk where the head office is located. Association must appoint an agent as its attorney to accept service of legal process.

Annual Statements.-Annual statements must be filed with the Secretary of State prior to the first day of March, showing its condition December 31 preceding.

Fees.-For filing articles of incorporation, $25; filing acceptance of State constitu. tion, $3; for filing statement, $25; issuing certificates of authority to company, $5; certificates of authority to each agent or solicitor, $5; renewing certificate to agent or solicitor, $2; filing list of authorized attorneys, $i; filing list of agents, $5; certified copy of annual statements, $5; filing tax statement, $2.

Taxes.-One and one-half per cent on gross premiums collected.

Fraternal Orders.-Fraternal societies are not required to comply with the insurance laws, but niust file certified copy of charter, certificate of incorporation, by-laws and acceptance of the constitution of the State.

VERMONT.
Vermout has no special statutes relative to assessment associations.

Fraternal Orders.-Associations doing business under the lodge plan, having a ritualistic form of work and representative government, are permitted to do business in the State. Association must file with the Commissioner a copy of its charter and constitution and by-laws, appoint the Secretary of State its attorney for service of legal papers, and evidence that it is authorized to do business in its home State. Annual statements must be filed on or before March 1, showing the condition of its business on December 31 preceding. Fees for filing charter, etc., $5; annual report, $5.

Rates. Must be equal to those based on National Fraternal Congress Table of Mortality.

VIRGINIA. Preliminary Documents.—Association must file with the State Auditor a certified copy of its charter, copy of its statement for the preceding year, and a sworn statement of president or secretary setting forth that it has paid and is able to pay its certificates for the full limit named therein, and that its certificates are payable only to beneficiaries having a legal insurable interest in the life of the member assured; also that an ordinary assessment upon its members is sufficient to pay its maximum certificate of membership to the full amount or limit named therein; also a certificate from the proper officer of its home State certifying that it is legally entitled to do business in that State; also a copy of its application for membership and each form thereof, and a copy of its certificate of membership or policy and of each form thereof, and of its constitution and by-laws. A resident of the State must be authorized to accept services of legal process, and a general agent for Virginia appointed.

Annual Statements.-Annual statements must be filed with the Auditor on or before March 1, showing the condition of its business December 31 preceding. Report to be printed in pamphlet form at expense of company by Auditor of Public Accounts.

Fees and Taxes.-For filing charter and for all licenses issued during the ensuing year, $200; filing annual report and issuing license each succeeding year, $200; these fees to be in full for agent's license fees and all others. In addition, the association must, on or before March 1 of each year, report the gross amount of all assessments, premiums, dues and fees collected or received, or obligation taken therefor in the State during the preceding year, and pay into the treasury a tax of $1 upon each $100 of gross premiums, etc., so received

Fraternal Orders.-Fraternal orders are required to pay an annual fee of $10 into the treasury on March 1, and file an annual statement to be published in pamphlet form at the expense of the order.

WASHINGTON. Associations conducted on the assessment plan are required to have at least $20,000 in cash or available securities. In all other respects they are required to comply with laws relating to regular life companies.

Fraternal Orders.-Are now under State jurisdiction. Pay $5 for filing report. Must have at least one lodge organized.

WEST VIRGINIA. Preliminary Documents.-Association must obtain a certificate of authority from the State Auditor, and appoint some person residing in the State to accept service of legal process; must also file statement showing the condition of the association; also a certificate of the proper officer of its home Štate, showing that it is duly incorporated and authorized to transact business, and also that it has paid and is able to pay its certificates in full, and that it contracts to pay benefits for no other causes than the death of a member or policyholder, or at the end of a stipulated period of years during the life of the member or policyholder, or his injury by external violent causes, or disability by sickness or disease.

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