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INSURANCE LAW

L. 1909, Ch. 33. “An Act in relation to insurance corporations,

constituting chapter twenty-eight of the Consolidated Laws."

(In effect February 17, 1909.)

CHAPTER 28 OF THE CONSOLIDATED LAWS

[Formerly L. 1892, Ch. 690, being chapter 38 of the General Laws.] Article 1. General provisions (S$ 1-62).

2. Life, health and casualty insurance corporations

(88 70–106). 8. Fire insurance corporations (S$ 110–148). 4. Marine insurance corporations (88 150–162). 6. Title and credit guaranty corporations (S$ 170—184). 6. Life or casualty insurance corporations upon the co

operative or assessment plan (S8 200–217). 7. Fraternal beneficiary societies, orders or associations

(88 230-240). 8. Corporations for insurance of domestic animals

(88 250-254). 9. Town and county co-operative insurance corporations

(88 260–280). 10. Town insurance companies organized and existing

under and pursuant to Laws 1857, chapter 739

(8$ 330—346). 11. Laws repealed; *construction; when to take effect

(S$ 360, 361.)

ARTICLE 1

General Provisions Section 1. Short title and application.

2. The superintendent of insurance.
3. Offices for insurance department.

4. Seal and certificate, when evidence. Explanation. For location and disposition of former sections of the Insurance Law dee L. 1892, Ch. 690, in “ Consolidated Schedule of Repeals," Vol. 7. * So in original. See page 1962.

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Section

6. Deputy superintendent and clerks.
6. Fees.
7. Expenses of examinations.
8. Expenses of department; how defrayed.
9. Certificate of authorization of superintendent.
10. Certificate of attorney-general; corporate names;

number of directors.
11. Examination by superintendent.
12. Minimum capital stock.
13. Deposit of securities.
14. Exchange of securities; interest.
15. State treasurer to countersign transfers of securities.
16. Investment of capital and surplus.
17. Securities must be interest or dividend-paying.
18. Stocks in other corporations.
19. Lien on stock and profits.
20. Restrictions as to real property.
21. When corporation to be deemed insolvent,
22. Reinsurance.
23. Reinsurance by receiver.
24. Limitation of risk.
25. Jurisdiction of superintendent over foreign corpora-

tions. 26. Deposits by insurance corporations of other states. 27. Funds and capital of insurance corporations in

corporated outside of the United States. 28. Special deposit required in certain cases. 29. Copy charter and verified statement to be filed. 30. Appointment of attorney; removal of cause to federal

courts. 31. Certified copy of superintendent's certificate to be

filed in the clerk's office. 32. Renewal of certificate of authority. 33. Reciprocal requirements. 34. Taxation of foreign corporations. 35. Superintendent to forward process. 36. Officers and directors not to be pecuniarily interested

in transactions. 37. Corporations heretofore formed. 38. Fiduciary capacity of agents. 39. Examiners and examinations. 40. Examination by superintendent upon request of stock

holder, policyholder or creditor. 41. Impairment of capital.

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