1832 ARTICLE 48A.

1922, ch. 492, sec. 78.

81. Lloyds Insurance. Associations of individuals, citizens of the
United States, whether organized within this state, or elsewhere within the
United States, formed upon the plan known as Lloyds, whereby each
associate underwriter becomes liable for a proportionate part of the whole
amount insured by the policy, may be authorized to transact insurance
other than life in this state, upon the following conditions: That any
such association organized in this state may be permitted to transact the
insurance business upon the same terms and conditions as are by the laws
of this state imposed upon an insurance company organized under the
laws of this state, and any such association organized in any other state
of the United States may be permitted to transact its business in this
state upon the same terms and conditions as are by the laws of this state
imposed upon an insurance company incorporated in the state where such
association was organized.

Life, Accident and Health Insurance.

1922, ch. 492, sec. 79.

82. Life Insurance Companies. Any company making any engagement
for the payment of money or other benefits in the event of sickness, accident
or death, or other contingency, either to the member, policy or certificate
holder, or by whatsoever name the same may be known, or to their families
or representatives, or entering into any contract or agreement in which
the chances or probabilities of the duration of life, or the rate of mortality
or hazard of occupation are in any way involved as an element or condition
of such contract or agreement, shall be deemed and taken to be a life
insurance company within the meaning of this article, and shall be subject
to all the requirements of law applicable to said life insurance company.
Every domestic life insurance company is hereby also authorized to insure
individuals against accident, and to grant, purchase, or dispose of annuities,
unless it shall be otherwise provided in its charter or by-laws.

1922, ch. 492, sec. 80.

83. Valuation of Policies. As soon as practicable in each year, the
actuary shall, under the supervision of the commissioner, calculate the
net value on the thirty-first day of December of the previous year, of all
the policies and additions thereto, and all obligations for the payment of
annuities in force on that day of each life insurance company doing busi-
ness in this state organized by authority of this state; and every other
life insurance company doing business in this state, that shall fail to fur-
nish him, as hereinafter provided, from the insurance commissioner of
the state by whose authority the company was organized, or of the state in
which it may elect to have its policies valued and its deposits made, n case
the company is chartered by the government of the United States or by
any foreign government, or by any state not having an insurance , part-
ment, a certificate giving the net value of all policies in force in the com-
pany on the thirty-first day of December, in the year Nineteen hundred
and two, be based upon the American Experience Table of Mortality and