JOHN WALTER SMITH, ESQ., GOVERNOR.

459

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 December, annu-
ally, 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
Insurance Commissioner or other similar officer of every other
State of the United States, and to each company doing busi-
ness in this State ; and on request he shall communicate to the
Insurance Commissioner, or other proper officer of any other
State, any facts which by law it is his duty to ascertain respect-
ing companies of this State doing business within such other
State ; and at the request of any person, and on payment of
the proper fee, as hereinafter provided, he shall give certified
copies of any record or paper in his office when he deems it
not prejudicial to the public interest so to do, and he shall give
such other certificates as this Article provides for ; and he

CHAP. 338

shall adopt and renew from time to time, when necessary, with
the approval of the Governor, a seal of office, an impression
and description of which, with the Governor's certificate of
approval, shall be filed with the Secretary of State.

Seal of office
to be
adopted,

128. Organizations, as described in section 127, issuing cer-
tificates for the payment of money or other benefits in the
event of sickness, accident or death, or other contingency,
either to the member, policy certificate holder, or by whatso-
ever name the same may be known, or to their families or
representatives, but issuing no certificate, certificates or any
other form of contract of payment in the aggregate of a greater
sum than one thousand dollars ($1,000.00), upon the termina-
tion of any one life or combinations of lives, or a greater sum
than seventy-five dollars ($75.00) annually, or the equivalent
thereof, whether the payments be stipulated to be made annu-
ally, or at longer or at shorter intervals, upon any contract or
contracts of annuity in which the continuance of any one life,
whether singly or in connection with other lives conjointly or
in succession, or combined in any way whatsoever, or during
sickness or disability, is involved as an element of the contract,
may be formed on the mutual, co-operative, assessment or stock
plan ; and if on the latter plan, shall have a paid-up capital of
at least fifty thousand dollars, and such companies, whether
formed on the mutual, co-operative, assessment or stock plan,,

Organiza
tions may be
formed on
the mutual,
so operative,
assessment
or stock
plan.