Page:United States Statutes at Large Volume 31.djvu/1342

 1290 FIFTY-SIXTH CONGRESS. Sess. II. Ch. 854. 1901. ,e§§g§j °‘ °“P°’i¤‘ Sec. 646. DUTIES or SUPERINTENDENT, AND so roRrII.—It shall be the duty of said superintendent to see that all laws of the United States relating to insurance or insurance companies, benefit orders, and associations doing business in the District are faithfully executed; to keep on file in his office copies of the charters, declarations of organization, or articles of incorporation of every insurance company, benefit association or order, including life, fire, marine, accident, plate-glass, steam-boiler, burglary, cyclone, casualty, 1ive—st0ck, credit, and rapers to be med maturity companies or associations doing business in the District; and H$;l§;..i{°f°” mug °f before any such insurance company, association, or order shall be licensed to do business in the District it shall file with said superintendent a copy of its charter, declaration of or anization, or articles of incorporation, duly certified in accordance witi law by the insurance commissioners or other proper officer of the State, Territory, or nation where such company or association was organized; also a certificate setging forthl that ig is entitled ti transact gusiness and assiimgi risks °¤*¤i@° °°mP¤“i€S an issue 0 icies 0 insurance therein; an if its rinci a office is w appoint Ammeb located outigide the District it shall appoint some suitliible plierson, resident in said district, as its attorne, upon whom le al process may be Fees. served; and the fees for Bling with the superintengent such pa ers as are required by this section shall be ten dollars, to be paid to tI1e collector of taxes, and no other license fee shall be required of such insurance companies or associations except as provided in sections six hundred and fifty-four and six hundred ang fifty-five of this subchapter. Resn1=n>i<>ne· Said superintendent shall have power to make such rules and regula- · tions, subject to the general supervision of the Commissioners, not inconsistent with law, as to make the conduct of each company in the same line of insurance conform in doing business in the District. 0,g,’;‘;,*Qn,;‘y“m€“‘S Sec. 647. ANNUAL s*rArEMEN·rs.—The said superintendent shall fur- -co¤te¤¤s,eie. nish, in December of each year, to every company or association hereinbefore mentioned, or its agent or attorney in the District, the necessary blank forms for the annual statements for such company or association, which shall be returned to the superintendent on or before the first day of March in each year, signed and sworn to by the president and Secretary, or if a foreign company by its manager or proper representative within the United States, showing its true financial condition as of the next preceding thirty-first day of December, which shall include a detailed statement of its assets and liabilities on that day, the amount and character of business transacted, lossessustained, and money received and expended during the year, and such other information as the said superintendent may deem necessary. Such annual statements shall be printed in at least one newspaper published in the District of Columbia, in the month of March in each year; and any such company or association failing to comply with the provisions aforesaid shall have its license to do business in the District revoked. 1?gig·¤v ¢¤r>i¢¤l It- Sec. 648. PAID-UP CAPITAL REQUIRED, AND so EoRrH.—No nre qui Einsurance company, except mutual fire insurance companies organized in the District of Columbia under special act of Congress or the general laws of said District, or mutual companies of other States licensed to do business in the said District, which has a paid—up capital of less than one hundred thousand dollars, shall be permitted to do business therein, and all life and fire insurance companies or associations licensed to do business in said District shall be re uired to maintain a ,u§gi¤S“¤¤°€'€5€’V° reinsurance reserve fund; and whenever any suclix company or asso- ` ciation not excepted from the operations hereof shall become insolvent or impaired to the extent of twenty-five per centum of its Suspension of li- capital stock it shall be the duty of the superintendent to suspend cum f°HnS°]v€n°y' its license; and. unless such impairment or insolvency shall be made good within sixty days thereafter, it shall be the duty of the superintendent of. insurance to revoke its license to do busi-