604 CORPORATIONS. [ART. 23

to institute suits and prosecutions, either by the attorney-
general or such other attorney as the attorney-general may
select, for any violation of the provisions of this sub-title.

Eighth. For every company doing fire and inland insurance
business in this State he shall calculate the re-insurance reserve
for unexpired fire and inland risks by taking fifty per centum
of the premium received on all unexpired risks that have less
than one year to run, and a pro rata of all premiums received
on risks that have one year or longer to run, and in marine
insurance he shall charge sixty per centum of the amount of
premiums written in its marine policies upon yearly risks and
risks covering more than one passage, not terminated, and the
full amount of premium under its policies upon all other marine
risks less than one year, not terminated; provided, that the
foregoing requirements or re-insurance reserve when applied to
companies organized under the laws of foreign governments
shall be calculated only upon the business of such company in
the United States, and only the assets of such company held
and invested in the United States shall be recognized as con-
stituting the reserve fund so required.

Ninth. Having charged the company the re-insurance reserve
as above determined, for fire, inland and marine insurance, and
adding thereto all debts and claims against the company, he
shall, in case he finds the capital stock of the company impaired
to the extent of twenty-five per cent., give notice to the company
to make good its whole capital stock within sixty days; and if
this is not done he shall require the company to cease to do
new business within this State; and shall thereupon, in case
the company is organized under the authority of this State,
immediately institute such legal proceedings as are necessary
to protect the rights of all persons in said company.

Tenth. The insurance commissioner shall perserve in per-
manent form a full record of his proceedings, and a concise
statement of the condition of each company visited or examined,
and report annually to the governor, on or before the first day
of June, his official acts; and shall, on the first day of Decem-
ber, annually, report to the comptroller the fees received and
expenses of his department for the year then to end, and pay
into the treasury all excess of receipts over disbursements; and
in his report to the governor, he shall report the condition of
the companies doing business in this State, and such other infor-
mation as will exhibit the affairs of his department; a copy of
which said report to the governor he shall forward to the insur-