INSURANCE. 1869

such license shall, upon compliance with the provisions of this Article,
be renewed annually, but in all cases to terminate on the first day of the
succeeding January; provided, however, that license shall continue in
full force and effect until the new license be issued or specifically refused.
Any foreign association desiring admission to this State shall have the
qualifications required of domestic associations organized under this Arti-
cle, and have its assets invested as required by the laws of the State, terri-
tory, district, country or province where it is organized. For each such
license or renewal the association shall pay the Commissioner twenty-
five dollars. When the Commissioner refuses to license any association
or revokes its authority to do business in this State he shall reduce his
ruling, order or decision to writing and file the same in his office, and shall
furnish a copy thereof, together with a statement of his reasons, to the
officers of the association upon request, and the action of the Commissioner
shall be reviewable by proper proceedings in any court of competent juris-
diction within the State; provided, however, that nothing contained in
this or the preceding section shall be taken or construed as preventing any
such association from continuing in good faith all contracts made in this
State during the time such association was legally authorized to transact
business herein.

1922, ch. 492, sec. 160.

163. Service of Process. Every association, whether domestic or for-
eign, now transacting business in this State shall, within thirty days after
the passage of this Act, and every such association hereafter applying
for admission, shall, before being licensed, appoint in writing the Insur-
ance Commissioner and his successor in office to be its true and lawful
attorney, upon whom all legal process in any action or proceeding against
it shall be served, and in such writing shall agree that any lawful process
against it which is served upon such attorney shall be of the same legal
force and validity as if served upon the association, and that the authority
shall continue in force so long as any liability remains outstanding in
this State.

Copies of such appointment, certified by said Insurance Commissioner,
shall be deemed sufficient evidence thereof and shall be admitted in evi-
dence with the same force and effect as the original thereof might be
admitted. Service shall only be made upon such attorney, must be made in
duplicate with the Insurance Commissioner, or, in his absence upon the
person in charge of his office, and shall be deemed sufficient service upon
such association; provided, however, that no such service shall be valid or
binding against any such association when it is required thereunder to file
its answer, pleading or defense in less than thirty days from the date of
mailing the copy of such service to such association. When legal process
against any such association is served upon said Insurance Commissioner
he shall forthwith forward by registered mail one of the duplicate copies,
prepaid and directed to its secretary or corresponding officer. Legal pro-
cess shall not be served upon any such association except in the manner
provided herein.