336 CORPORATIONS—INSURANCE DEPARTMENT. [ART. 23,

on the mutual or stock plan, and in either case shall be possessed
of and constantly maintain a sum of money not less in amount
than five hundred dollars, or in interest or dividend-bearing;
securities of equal market value, and not in default for interest
or dividend; and the treasurer or trustee thereof shall execute a
good and sufficient bond, for the benefit of the corporation, in
an amount sufficient to secure all funds or securities of the organi-
zation which may at any time be in his hands, said bond to be
satisfactory to and held by the insurance commissioner of this
State; provided, that weekly collection or industrial benefit
societies of this State, granting insurances of five hundred dollars
or less, may only be required to have and maintain the sum of
five hundred-dollars.

1888, ch. 424.

129. Organizations not excepted, as described in section 127,
not having heretofore filed an annual statement in or with the
insurance department of this State, shall hereafter file an annual
statement as required by law, except that they shall severally file
their first report on or before June first, eighteen hundred and
eighty-eight, showing the assets, liabilities, number of policies in
force and amount thereof for the year ending December thirty-
first, eighteen hundred and eighty-seven.

Ibid.

130. Any agent, physician or other person who shall insure,
or knowingly cause to be insured or reinstated in membership,
any infirm or unhealthy person not at the time in an insurable
condition, shall be deemed guilty of a misdemeanor; and, upon
conviction thereof, shall be subject to the penalty prescribed in
section 138 of this article.

Ibid.

131. Any agent, collector or physician who shall cause to be
presented to any organization, as described in section 138, a false,
dishonest and untrue claim for payment, or any agent or collector
who shall falsely represent any such organization, or collect, or
do business without authority of the organization, or secure cash
advances by false statements, or failure to perform services,
therefor, or shall fail to turn over when required, or satisfactorily
account for all collections for or property of any such organiza-