1808 ARTICLE 48A.

such company and held by him are worth at least one hundred thousand
dollars.

1922, ch. 492, sec. 30.

29. Certificate of Authority to Domestic Company. No company incor-
porated under the laws of this state shall, directly or indirectly, transact
any business of insurance until, first, there shall have been filed with the
commissioner a duly certified copy of its charter; secondly, it shall have
made the deposit of cash or securities required by this article, according
to. the class of business to be transacted, and a certificate of said deposit
from the treasurer of this state filed with the commissioner, unless said
deposit shall be made with the commissioner under the provisions of
section 20; thirdly, the commissioner shall have examined the officers of
such company, under oath, to ascertain whether or not the capital required
of the company and authorized by its charter, according to the nature of
the business proposed to be transacted by it, has been paid in cash and is
held by the board of directors subject to their actual control in accordance
with the provisions of the charter of said company, or has been invested by
them in securities authorized by this article; fourthly, the officers or incor-
porators of such company shall have certified, under oath, that the capital
exhibited to the commissioner is bona fide property of the company, and
fifthly, there shall have been granted by the commissioner a license or
certificate of authority to said company.

1922, ch. 492, sec. 31.

30. Annual Statement. Every insurance company conducting any
branch of insurance business in this state, must transmit to the insurance
commissioner a statement of its condition and business for the year ending
on the preceding thirty-first day of December, which statement shall be
rendered on the first day of January following, or within sixty days there-
after (except that companies of foreign countries may transmit their state-
ments of business, other than that done in the United States, at any time
prior to the following first of July), which statements must be in the form
and state the particulars required by the blanks prescribed by the insurance
commissioner; and he may require at any time statements from any com-
pany doing business within this state, or from any of its officers or agents,
on such points as he may deem necessary and proper to elicit a full exhibit
of its business and standing; all of which statements herein required must
be certified by the signatures and oath of the president or vice-president of
the company, with that of the secretary or actuary. No company having
neglected to file a statement required of it within the time and manner
prescribed shall do any new business, after notification by the insurance
commissioner, while such neglect continues; and any company neglecting
for thirty days to make and transmit any statements required, shall forfeit
one hundred dollars for each day's neglect.

1922, ch. 492, sec. 32.

31. Publication of Abstracts of Annual Statements. The insurance
commissioner shall annually publish once a week for three consecutive