INSURANCE 2177

and maintenance of the funds required by its laws, additional, increased
or extra rates of contribution shall be collected from the members to meet
such deficiency; and such laws may provide that, upon the written applica-
tion or consent of the member, his certificate may be charged with its
proportion of any deficiency disclosed by valuation, with interest not
exceeding five per centum per annum.

An. Code, 1924, sec. 173. 1922, ch. 492, sec. 170.

208. (Provisions to Insure Future Security.) If the valuation of the
certificates, as hereinbefore provided, on December 31, 1920, shall show
that the present value of future net contributions, together with the
admitted assets, is less than ninety per cent, of the present value of the
promised benefits and accrued liabilities, such association shall be required
thereafter to reduce such deficiency not less than five per centum of the
total deficiency on said December 31, 1920, at each succeeding triennial
valuation. If at any succeeding triennial valuation such association does
not show such percentage of improvement, the Commissioner shall direct
that it thereafter comply with the requirements herein specified. If the
next succeeding triennial valuation after the receipt of such notice shall
show that the association has not made the percentage of improvement
required herein, the Commissioner may, in the absence of good cause
shown for such failure, institute proceedings for the dissolution of such
association in accordance with the provisions of Section 210 of this Article,
or, in the case of a foreign association, its license may be canceled in the
manner provided in this Article.

An. Code, 1924, sec. 174. 1922, ch. 492, sec. 171.

209. (Deficiency Shown by Triennial Valuation.) Any such associa-
tion, shown by any triennial valuation, subsequent to December 31, 1920,
not to have made the improvements herein required shall, within one year
thereafter complete such deficient improvements, or thereafter, as to all new
members admitted, be subject, so far as stated rates of contribution are
concerned, to the provisions of Section 192 of this Article, applicable in
the organization of new associations; provided that the contributions and
funds of such new members shall be kept separate and apart from the
other funds of the association until the required improvement shall be
shown by valuation. If such required improvement is not shown by the
succeeding triennial valuation, then the said new members may be placed
in a separate class and their certificates valued as an independent associa-
tion in respect of contribution and funds.

An. Code, 1924, sec. 175. 1922, ch. 492, sec. 172. 1933, ch. 513.

210. (Examination of Domestic Associations.) The Insurance Com-
missioner, or any person he may appoint, shall have the power of visitation
and examination into the affairs of any domestic association. He may
employ assistants for the purpose of such examination, and he, or any
person he may appoint, shall have free access to all the books, papers and
documents that relate to the business of the association, and may summon
and qualify as witnesses under oath and examine its officers, agents and
employees or other person in relation to the affairs, transactions and con-
ditions of the association.