INSURANCE. 1857

copies of such process shall be served and the commissioner shall file one
copy, forward one copy to said attorney and return one copy with his
admission of service.

As to process upon insurance and surety companies, see art. 75, sec. 27. As to
service of process in general, see art. 75, sec. 153. As to process against corporations,
see art. 23, secs. 103 and 118.

1922, ch. 492, sec. 136.

139. Limit of Liability. There shall be filed with the insurance com-
missioner by such attorney, whenever the commissioner shall so require, a
statement under oath of such attorney showing the maximum amount of
indemnity upon a single risk, and no subscriber shall assume on a single
risk an amount greater than ten per cent, of the net worth of such subscriber.

1922, ch. 492, sec. 137.

140. Reserves; Impairment of Assets. There shall at all times be main-
tained assets in cash or securities authorized by the laws of the state in
which the principal office is located, for the investment of funds of insur-
ance companies doing the same kind of business, an amount equal to 100 per
cent of the net unearned premiums or deposits collected and credited to the
accounts of subscribers, or 50 per cent, of the net annual advance premiums
or deposits collected and credited to the accounts of subscribers on policies
having one year or less to run and pro rata on those for longer periods.
In addition to the foregoing sum, in the case of liability and workmen's
compensation insurance, there shall be maintained as a reserve in cash or
such securities, assets sufficient to discharge all liabilities on all outstand-
ing loses arising under policies issued; the same to be calculated on the
basis of net premiums or deposits as in this section defined and in accor-
dance with the laws of the state relating to similar reserves for companies
insuring similar risks. Net premiums or deposits as used in this section
shall be construed to mean the advance payments made by subscribers after
deducting therefrom the amount specifically provided in the subscribers'
agreements for expenses. If at any time the assets on hand are less than
the foregoing requirements, or less than the $100,000.00, whichever is
the greater, where the attorney is exchanging contracts covering liability
or workmen's compensation insurance, the subscribers shall make up the
deficiency. Whenever such assets are less than the amount required above,
or less than $50,000.00, whichever is the greater, if the attorney is exchang-
ing contracts other than those covering liability and workmen's compensa-
tion insurance, the subscribers shall make up the deficiency.

1922, ch. 492, sec, 138.

141. Annual Reports; Examinations. Such attorney shall, within the
time limited for filing the annual report by insurance companies transacting
the same kind of business, make a report to the insurance commissioner for
each calendar year, showing the financial condition of affairs at the office
where such contracts are issued, and shall furnish such additional informa-
tion and reports as may be required to show the total premium or deposits
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