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Fifth — The expenditures during the preceding year,
specifying, first, the amonnt of losses paid during the
year, stating how much of the same accrued prior and
how much subsequent to the date of the preceding
statement, and the amount at which such losses were
estimated in such preceding statement; second, the
amount of dividends paid during the year ; third, the
amount of expenses paid during the year, including
commissions and fees to agents and officers of the
company or association; fourth, the amount paid in
taxes; fifth, the amounts of all other payments and
expenditures.
The statement of any company or association, the
capital of which is composed in whole or in part of
notes, shall in addition to the foregoing, exhibit the
amount of notes originally forming the capital, and
also what proportion of said notes is held by such
company or association and considered capital. Every
insurance company or association organized under the
laws of this state failing to make and deposit such
statement or to reply to any inquiry of the comptrol-
ler of the treasury, relating to the condition of such
company, or to submit its books and papers when de-
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What to report
as expendi-
tures.
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manded to the inspection and examination of the comp-
troller, shall be subject to the penalty of five hundred
dollars, for every month that such company shall con-
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Penalty for
failure to re-
port.
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tinue thereafter to transact any business of insurance.
It shall be the duty of the comptroller of the treasury
to cause to be prepared and furnished to each of the
companies and to the attorneys of companies incorpo-
rated by other states and foreign governments, printed
forms of the statements required by this act, and he
may from time to time make such changes in the form
of such statements as shall seem to him best adapted to
elicit from the companies a true exhibit of their con-
dition in respect to the several points hereinbefore
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Comptroller to
furnish printed
forms.
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