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120 CORPORATIONS. [ART. XXIII
Act, and no law hereafter enacted shall apply to them, unless they be
expressly designated therein.*
1918, ch. 400, sec. 154AB.
154AB. Such contracts may be executed by an attorney, agent or
other representative, herein designated attorney, duly authorized and
acting for such subscribers, and such attorney may be a corporation.
The office or offices of such attorney may be maintained at such place
or places as may be designated by the subscribers in the power of attor-
ney.
1918, ch. 400, sec. 154AC.
154AC. Such subscribers so contracting among themselves shall,
through their attorney, file with the Insurance Commissioner a declara-
tion, verified by the oath of such attorney, or where such attorney is
a corporation, by the oath of the proper officer thereof, setting forth:
(a) The name of the attorney and the name or designation under
which such contracts are issued, which name or designation shall not be
so similar to any name or designation adopted by any attorney, or by
any insurance organization in the United States, prior to the adoption
of such name or designation by the attorney, as to confuse or deceive.
(b) The kind or kinds of insurance to be effected or exchanged,
(c) A copy of the form of policy contract or agreement under or by
which such insurance is to be effected or exchanged.
(d) A copy of the form of power of attorney or other authority of
such attorney under which such insurance is to be effected or exchanged.
(e) The location of the office or offices from which such contract or
agreements are to be issued.
(f) That applications have been made for indemnity upon at least
seventy-five separate risks aggregating not less than one and one-half
million dollars as represented by executed contracts or bona fide appli-
cations to become effective concurrently, or, in case of liability and
compensation insurance, covering a total payroll of not less than four
million dollars.
(g) That there is on deposit with such attorney and available for the
payment of losses, a sum of not less than fifty thousand dollars; pro-
vided, however, that' in case of liability and compensation insurance
such sum shall be not less than one hundred thousand dollars.
(h) A financial statement in form prescribed for the annual report.
1918, ch. 400, sec. 154AD.
154AD. Concurrently with the filing of the declaration provided
for by the terms of Section 154AC, the Attorney shall file with the
Insurance Commissioner an instrument in writing, executed by him for
*See foot note to section 154L.
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