ALBERT C. RITCHIE, GOVERNOR. 1170

he pretends or claims to act, or who shall secure or obtain any
cash or pecuniary advantage from any such company by any
false statement, or who shall fail to turn over when required
to do so, or satisfactorily account for all collections for or on
account of or property of any such company, shall be deemed
guilty of a misdemeanor.

SEC. 92. Switching Policies.. Xo agent, collector, solicitor
or other employee or representative of any company issuing
contracts providing for sick, accident or death benefits and
operating on the weekly or monthly industrial plan, shall be
deemed the owner of any part of the weekly or monthly debit
collected by him or that may be under his charge, care, con-
trol or supervision, but each and every such debit shall be
deemed wholly the property of the company in whose name
such policies, contracts or obligations were written or assumed.
No agent, collector, solicitor, superintendent or other employee
or representative of any such company shall barter, sell, give,
transfer or in any manner switch, or offer or attempt to barter,
sell, give, transfer or in any manner switch to any person or
company any part of any debit of such company, or any poli-
cies or contracts of such company, without the consent of
said company first had in writing.

SEC. 93. Penalty for Violation of Sections 90, 91 and 92.
Any insurance company, agent, solicitor or broker, or any per-
son whatsoever violating any provision of sections 90, 91 and
92 shall, upon conviction, be sentenced to pay a fine of not
less than one hundred dollars or more than five hundred dol-
lars for each and every violation, or in the discretion of the
court, to an imprisonment for a period of not more than six
months.

SEC. 94. Impairment of Capital. In case it is found that
any life insurance company doing business in this state has
not on hand, after deducting all debts and claims against it,
exclusive of capital stock, an amount of assets of the character
authorized by this article equal in value to the net present
value of all its policies in force, it shall be the duty of the
commissioner to publish the fact that the existing condition
of the affairs of such company is below the legal standard of
solvency established by this state, and he shall require the
company at once to cease doing new business and cause a rigid
examination in regard to all of the affairs of such company.
If it shall thereupon appear that said company is in such