CALENDAR-WISCONSIN

Agents' and adjusters' licenses must be procured.
Annual statement must be filed.

Fire Department tax report must be filed.

Fire marshal tax is payable (included in premium tax).
Premium tax is payable.

Tax statement must be filed.

Company license must be obtained.
Fire Department tax is payable.

WYOMING.

STATE REQUIREMENTS.

GENTS DEFINED-Insurance Laws, Sec. 26. The term agent or agents used in the foregoing section shall include an acknowledged agent or surveyor, or any other person or persons, who shall in any manner, directly or indirectly, transact or aid in transacting the insurance business of any insurance company not corporated by the laws of this State. The provisions of the foregoing section relative to foreign companies shall apply to all such companies, partnerships, associations or individuals, whether incorporated or not. GENTS' LICENSES-Agents must procure licenses, which expire annually on December 31. Agency corporations will be licensed, but names of members forming same must be filed. Under the resident agents' law, a license may be issued to a general or special agent of any company to do business in the State, upon application by the home office.

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ANNUAL STATEMENTS-Must be filed within sixty days after January 1,

showing condition as to previous December 31. These are only statements
required yearly. See "Tax Statements."

ANTI-COINSURANCE-No law prohibiting use of coinsurance clauses.
ANTI-COMPACT-No statute forbidding co-operation.
ANTI-DISCRIMINATION-No provision.

ATTORNEY-The Insurance Commissioner must be appointed attorney to accept service of legal process. A resident of each county in which company does business must also be authorized to accept service. CANCELLATION OF POLICY-No provision for notice to insured. CAPITAL REQUIRED-Foreign company must possess an actual paid-up capital of at least $100,000, exclusive of special deposits. Domestic company, $100,000.

COMMISSIONS TO NON-RESIDENTS-The Insurance Department rules that all policies of fire insurance solicited in Wyoming must be countersigned by a duly licensed resident agent of the State, and the agent so countersigning policies must receive the full commission. DEPOSIT-None required. Foreign company must have $100,000 on deposit with the proper official of one of the States or Territories of the United States. (Character of securities not specified.)

DOMESTIC COMPANIES-Any number of persons may form a company by publishing notice of intention once a week for four weeks in county of location, and certifying name, object, amount of capital stock and location of principal office, to the Insurance Commissioner, who shall submit certificate to the Attorney-General for approval. When approved, certificate must be recorded, as are articles of incorporation. Capital must be not less than $100,000, nor more than $1,000,000. There shall be five to twenty-one directors.

EXAMINATIONS-May be made whenever deemed expedient by the Commissioner. Failure to pay expenses of examination will be punished by termination of business in the State. Insurance Law, Sec. 21. "The State Insurance Commissioner is hereby authorized and empowered to address any inquiries to any insurance company in relation to its doings and conditions, or any other matter connected with its transactions, which he may deem necessary for the public good, or for a proper discharge of his duties, and it shall be the duty of any company so addressed to promptly reply in writing thereto." (R. S., 1899, Sec. 83.) Sec. 28. "It shall be the duty of the Insurance Commissioner, whenever he shall deem it expedient to do so, in his judgment, to appoint one or more persons, not officers, agents or stockholders of any insurance company doing business in this State, to examine into the affairs and condition of any insurance company incorporated or doing business in this State, or to make such examination himself, and it shall be the duty of the officers or agents of such company or companies to cause their books to be opened for the inspection of the Insurance Commissioner or the person or persons appointed, and otherwise facilitate such examination so far as may be in their power so to do, and for the purpose of arriving at the truth in such cases, the Insurance Commissioner, or the person or persons so appointed by him, shall have power to examine, under oath, the officers or agents of any company or others, if necessary, relative to the business and condition of the said company; and whenever the Insurance Commissioner shall deem it best for the interests of the public so to do, he shall publish the result of such investigation in one or more papers of this State. FEES-For filing examination of application and issuing certificate, $50; for filing annual statement, $25; for filing acceptance of State constitution, $2.50; for every certificate of authority for agents, $2; for every copy of paper on file, 15 cents per folio; for certifying same on affixing seal, $1; for examinations, necessary expenses; for publication of condensed statement, $12. Fees are payable to Insurance Commissioner. FIRE MARSHAL-No provision for investigation of fires. FOREIGN COMPANIES' COMPANIES' HOME OFFICE HOME OFFICE

required.

STATEMENTS-Not

GENERAL PENALTIES-Sec. 50 provides for revocation of license for any violation of or non-compliance with the law. Sec. 27 provides a penalty of not exceeding $1000 fine, and imprisonment for thirty days to six months, for any violation of or non-compliance with law. License of company in unsound condition to be revoked.

IMPAIRMENT-Limit of impairment permitted, twenty per cent. A larger impairment must be made good or business must cease.

INVESTMENTS PRESCRIBED-The capital and accumulated funds of a domestic company may be invested in bonds and mortgages on unincumbered real estate in Wyoming, worth double the amount loaned thereon, or in the stocks of Wyoming, or in the stocks or treasury notes of the

United States, or in the stocks and bonds of any county or incorporated city in Wyoming, which may have been authorized to be issued by the Legisla ture, or may lend the same, or any part thereof, on the security of such stocks, bonds or mortgages as aforesaid, and any surplus moneys over and above the capital stock may be invested in or loaned upon the pledge of public stocks of the United States, or of any one of the States, or upon the stocks, bonds or other evidences of indebtedness of any solvent dividendpaying institution incorporated under the laws of Wyoming or of the United States, except its own stock, provided that the current market value of such securities shall be, at all times, during the continuance of such loan, at least twenty per cent more than the sum loaned thereon. No domestic company shall purchase, or hold real estate except such as shall be necessary for the convenient accommodation of its business, and all other real estate acquired in satisfaction of legitimate debts shall be sold or conveyed within three years after the company shall have perfected title thereto; time of sale may be extended for sufficient cause by the Insurance Commissioner.

LICENSED BROKERS-No provision. LIMIT ON SINGLE RISK-S. L. 1911, Ch. 50. "No company, organized under this chapter or transacting business in this State, shall expose itself to loss on any one risk or hazard to an amount exceeding 10 per cent of its paid-up capital, nor to write on risk within the corporate limits of any one city an amount representing more than the paid-up capital of the company, unless the excess shall be insured by the same in some other good and reliable company or companies." LLOYDS Insurance Law, Sec. 42. "Any insurance company, association or partnership organized for any of the purposes specified in this chapter, incorporated by or organized under the laws of any other State or the United States, or any foreign government, violating the provisions of this chapter, shall forfeit the sum of $500 to the State of Wyoming for each. and every offense. MISCELLANEOUS-Sec. 37. "It shall not be lawful for any company organized upon the mutual plan to do business and take risks upon the stock plan neither for a company organized as a stock company to do business upon the plan of a mutual insurance company.'

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MUTUAL COMPANIES-Must not commence business with less than 200 members subscribing $25,000 of premiums, of which $5000 must be paid in cash, and the remainder in notes of solvent parties for not more than $500 each, and no two made by the same person or firm (unless the total is not more than $500). Notes shall be held until accumulation of profits aggregates amount of cash capital required of stock companies; except those give for policies subsequently terminated. The word "mutual" must be embodied in the title of a mutual company. Mutual associations not organized for profit and insuring only members may be organized by 200 persons.

PRELIMINARY DOCUMENTS-Company must file with the Auditor, who is ex-officio the Insurance Commissioner, a certified copy of its charter and a verified statement, showing its financial condition, an instrument accepting the State constitution, and an appointment of the State Auditor as an attorney for service. Foreign companies must also file a certificate of deposit and certified copy of power of attorney of United States manager. On receiving certificate to do business the same must be published in two newspapers of general circulation, one of which must be published at the capital. PUBLICATION-Statement must be published, once annually, in two newspapers of general circulation, one of which shall be published at the capital. Copies of same must be sent to State Auditor. In advertisements showing capital and assets, only cash capital and assets may be published. In addition, the Insurance Commissioner shall cause a condensed summary of the annual statement, showing capital, assets, liabilities, income, expenditures and business done in the State, to be published in a daily newspaper of general circulation in the State for six successive days, or in a weekly newspaper for six successive weeks, at the expense of the company; (fee, $12.)

RECIPROCAL INSURANCE-No specific provisions. Law regulating corporations applies to inter-insurers. See "Lloyds."

RECIPROCAL LAW-Insurance Laws, Sec. 33. "Whenever the existing or future laws of any other State or Territory of the United States shall require of insurance companies incorporated by or organized under the laws of this State, having agencies in such other State or Territory, or of the agents thereof, any deposit of securities in such State or Territory for the protection of policyholders, or otherwise, in any payment for taxes, fines, penalties, certificates of authority, license fees, or otherwise, greater than the amount required for such purposes from similar companies of other States or Territories, by then existing laws of this State, then, and in every such case, all companies of such States or Territories establishing or having theretofore established an agency or agencies in this State, shall be and are hereby required to make the same deposit for a like purpose with the Insurance Commissioner of this State, and to pay said Insurance Commissioner for taxes, fines, penalties, certificates of authority, license fees, or otherwise, an amount equal to the amount of such charges and payments imposed upon or required by the laws of such State or Territory of the companies of this State, or the agents thereof." (R. S., 1899, Sec. 3179.) REINSURANCE-No prohibition of reinsurance in unauthorized companies. Companies reinsuring in unauthorized companies are held respnsible. The Insurance Commissioner has ruled that when figuring taxes all deductions for reinsurance must be in companies authorized to do business in this State.