Εικόνες σελίδας
PDF
Ηλεκτρ. έκδοση

filed in his office, showing generally the condition of the insurance business and interests in this State, and other matters concerning insurance, and a detailed statement, verified by oath, of the moneys and fees of office received by him, and for what purpose. And whenever any insurance company doing business in this State shall voluntarily surrender to the Insurance Commissioner its certificate of authority previously granted, thereby withdrawing from business in the State, the Commissioner must make due publication of such surrender and withdrawal, daily, for the period of one month, in some newspaper published in the City of San Francisco.

SEC. 14. Section five hundred and ninety-six of said Code is amended to read as follows:

without

Section Five Hundred and Ninety-six. No person Insuring must transact insurance business in this State without certificate. first procuring from the Insurance Commissioner a certificate of authority, as in this Chapter provided; and all policies issued or renewed, and all insurance taken before the issuing of such certificate, are null and void; and any person issuing or renewing a policy without such certificate, shall forfeit to the people of the State of California the sum of one hundred dollars for each policy so issued or renewed, to be collected in the manner prescribed in section five hundred and ninetyeight of this Code.

SEC. 15. Section six hundred and two of said Code is amended to read as follows:

constitutes

Section Six Hundred and Two. Whenever provis- What ion for the liabilities of any person engaged in the insolvency. insurance business in this State, for losses reported, expenses, taxes, and reinsurance of all outstanding risks estimated at fifty per cent of the premiums received

Same.

Statements by insurance companies.

and receivable on all fire risks and marine time risks, at the full premiums received and receivable on all other marine risks, and at rates for life risks, based upon the rate of mortality established by the American Experience Life Table, and interest at four and one half per cent per annum, and such rates for accident and other kinds of insurance as are accepted by the insurance authorities of the State of New York, would so far impair his capital stock paid in as to reduce the same below two hundred thousand dollars in gold coin of the United States, or below twenty per cent of said capital stock paid in, such person is insolvent. And in the case of a person thus engaged in the insurance business in this State, on the mutual plan, if his available cash assets shall not exceed his liabilities, as hereinbefore enumerated, in the full sum of two hundred thousand dollars in United States gold coin, such person is insolvent.

SEC. 16. Section six hundred and ten of said Code is amended to read as follows:

Section Six Hundred and Ten. The Commissioner must require from every corporation or person doing the business of insurance in this State a statement, verified as follows:

One-If it be made by a corporation organized under the laws of this State, by the oaths of the President and Secretary, or of the Vice President and Secretary thereof.

Two-If made by a foreign insurance company or person, by the oath of the principal executive officer

thereof.

Three-If it be made by an individual or firm, by the oath of such individual or a member of the firm.

SEC. 17.

Section six hundred and eleven of said

Code is amended to read as follows:

Section Six Hundred and Eleven. The statement

and when

mentioned in the preceding section must exhibit the Contents, condition and affairs of every corporation, person, firm, made. or individual, on the thirty-first day of December then next preceding, and must be published in a daily newspaper in the city where the principal office is located, for the period of one week; and must be filed with the Insurance Commissioner, as follows:

One-If made by a person residing in, or by a company organized under the laws of this State, on or before the first day of February of each year.

Two-If made by a person resident of, or by a company organized under the laws of any other State, or Territory, or district of the United States, on or before the first day of March of each year.

Three-If made by a person resident of, or by a company organized under the laws of any country foreign to the United States, on or before the first day of April of each year.

SEC. 18. Section six hundred and twenty-two of said Code is amended to read as follows:

clause.

Section Six Hundred and Twenty-two. Whenever Retaliatory the laws of any State or count[r]y require of insurance companies, incorporated under the laws of this State, and having agencies in such other State or count[r]y, or of the agents thereof, any further or greater license, fees, charges, impositions, taxes, deposit of securities, statements, publications, or certificates of authority, or inflict any greater fines or penalties upon such corporations or agents than are required from similar companies or agents belonging to such State or count[r]y respectively, then and in every such case, from every company, person, or corporation of such State or count[r]y, which has or is about to establish agencies in this State, the Commissioner must, before it continues or commences to do business in this State, collect the same licenses, fees, charges, impositions, and taxes

Same.

Salary of
District
Judges.

Style and copyright

"as are imposed by such State upon agents, companies, corporations, or persons of this State doing business in such State, in excess of the licenses, fees, charges, impositions, and taxes upon agents, companies, corporations, or persons of that State," and require the same statements, publications, certificates of authority, and the same deposit of securities, as are required by the laws of such State or country of companies, persons, or corporations and agents of this State doing business in such other State or country; and the same fines and penalties must be inflicted upon companies, persons, or corporations of such other State or country, and their agents, as are inflicted by the laws of such State or country upon companies, persons, or corporations of this State, and their agents, in excess of such fines and penalties inflicted upon companies, persons, or corporations belonging to such State or country respectively which may be recovered by the Insurance Commissioner in the manner provided in section five hundred and ninety-eight of this Code.

SEC. 19. Section seven hundred and thirty-seven of said Code is amended to read as follows:

Section Seven Hundred and Thirty-seven. The annual salaries of the Judges of the Third, Fourth, Sixth, Twelfth, Fifteenth, and Nineteenth Judicial Districts are six thousand dollars each.

SEC. 20. Section seven hundred and seventy-seven of said Code is amended to read as follows:

Section Seven Hundred and Seventy-seven.

The

of reports. reports must be published in well bound volumes, and must be printed on good book paper, in long primer leaded, except the title page, the table of cases, the synopsis, and index. The Reporter must copyright each volume of the reports in his own name, but such copyright shall be the property of the State.

SEC. 21. Section seven hundred and eighty-one of said Code is amended to read as follows:

of reports.

Section Seven Hundred and Eighty-one. The Secre- Disposition tary of State must keep on sale, at three dollars per volume, the copies of the edition not distributed under the provisions of section four hundred and ten, and must, at the end of each month, pay into the State Treasury the proceeds of all sales made by him.

SEC. 22. Section seven hundred and ninety-one of said Code is amended to read as follows:

Notaries.

Section Seven Hundred and Ninety-one. The Gov- Number of ernor must appoint and commission Notaries Public as follows:

[ocr errors]

For the County of San Francisco, twenty-two.

For the Counties of Alameda, Sacramento, San Joaquin, Santa Clara, Amador, Butte, Calaveras, Contra Costa, El Dorado, Los Angeles, Monterey, Nevada, Placer, Santa Cruz, Solano, Sonoma, Tuolumne, Yolo, and Yuba, twenty each.

For each of the other counties, fifteen.

SEC. 23. Section seven hundred and ninety-five of said Code is amended to read as follows:

prima facie

Section Seven Hundred and Ninety-five. The pro- Protests test of a Notary, under his hand and official seal, of a evidence. bill of exchange, or promissory note, for non-acceptance or non-payment, stating the presentment for acceptance or payment, and the non-acceptance or non-payment thereof, the service of notice on any or all of the parties to such bill of exchange or promissory note, and specifying the mode of giving such notice, and the reputed place of residence of the party to such bill of exchange or promissory note, and of the party to whom the same was given, and the Post Office nearest thereto, is prima facie evidence of the facts contained therein.

« ΠροηγούμενηΣυνέχεια »