2158 ARTICLE 48A

may be different for each different class of risks, provided that every policy
in a company thus dividing its risks into two or more classifications shall,
when issued, bear an endorsement clearly indicating the class to which it
is assigned. Every policyholder of a domestic company, and every policy-
holder in this state of a company of another state or foreign country, shall
be notified at his last known address within six months after the expiration
of his policy of the amount of any dividend or expiration of premium
declared and payable thereon, unless in the meantime such dividend or
return has been paid in cash or applied in payment of the premium on the
renewal of the policy.

An. Code, 1924, sec. 130. 1922, ch. 492, sec. 127. 1939, ch. 181.

164. (Impairment of Assets or Surplus; Insolvency.) If it appears
to the Insurance Commissioner after an examination made by him, or by
an examiner appointed by him, or in the case of any mutual insurance
company incorporated outside of this State, after an audit of its financial
statement, that the assets or surplus of any mutual insurance company
are insufficient to justify its continuance in business, or that the net assets
over and above legal reserves and all other liabilities of any mutual in-
surance company authorized to write fidelity or surety bonds, or work-
men's compensation or automobile or public liability insurance, shall have
fallen below $50,000, he shall determine the amount of such deficiency and
issue a written requisition to the officers of the company requiring them
to make good such deficiency within a time to be specified therein, not less
than thirty nor more than ninety days from the service of such requisi-
tion. Such service may be made by mail, directed to the company at its
home office as specified in its charter. Upon the service of such requisition
the directors of the company shall forthwith cause such deficiency to be
made good and proof to be filed with the Commissioner within the time
specified in the requisition that the same has been made good. For any
losses accruing upon new risks after the expiration of such time and before
such deficiency shall be made good, the directors of the company shall
jointly and severally be personally liable therefor. If such deficiency shall
not be made good within the time specified in such requisition and satis-
factory proof thereof filed with the Commissioner, the company shall be
proceeded against as in the case of an insolvent corporation in the manner
authorized by law. Provided, however, that any companies that are licensed
to do business in this State on June 1,1939, shall be given three years from
June 1, 1939, to comply with the provisions of this Section.

An. Code, 1924, sec. 131. 1922, ch. 492, sec. 128.

165. (Rules for Prevention of Accidents.) The members of any
mutual insurance company writing workmen's compensation or liability
insurance contracts may make reasonable rules and regulations, not in
conflict with the laws of this state, for the betterment of the industries in
which they are engaged, including particularly rules and regulations for
the prevention of accidents to employees on the premises of the employer
members, and they may impose fines and forfeitures for the violation of any
such rules and regulations. Such rules and regulations and fines and for-
feitures shall be submitted to the state industrial accident commission
and, when approved by it, shall be enforced by the directors of any such
company. Should the members of such company fail to make such reason-