ALBERT C. RITCHIE, GOVERNOR, 1219

such failure, institute proceedings for the dissolution of
such association in accordance with the provisions of Sec-
tion 172 of this Article, or, in the case of a foreign associa-
tion, its license may be canceled in the manner provided
in this Article.

SEC. 171. Deficiency Shown by Triennial Valuation.
Any such association, shown by any triennial valuation,
subsequent to December 31, 1920, not to have made the
improvements herein required shall, within one year
thereafter complete such deficient improvements, or there-
after, as to all new members admitted, be subject, so far
as stated rates of contribution are concerned, to the pro-
visions of Section 155 of this Article, applicable in the
organization of new associations; provided that the contri-
butions and funds of such new members shall be kept
separate and apart from the other funds of the associa-
tion until the required improvement shall be shown by
valuation. If such required improvement is not shown
by the succeeding triennial valuation, then the said new
members may be placed in a separate class and their
certificates valued as an independent association in re-
spect of contribution and funds.

SEC. 172. Examination of Domestic Associations. The
Insurance Commissioner, or any person he may appoint,
shall have the power of visitation and examination into the
affairs of any domestic association. He may employ as-
sistants for the purpose of such examination, and he, or
any person he may appoint, shall have free access to all the
books, papers and documents that relate to the business of
the association, and may summon and qualify as witnesses
under oath and examine its officers, agents and employees
or other person in relation to the affairs, transactions and
condition of the association.

The expense of such examination shall be paid by the
association examined, upon statement furnished by the
Insurance Commissioner, and the examination shall be
made at least once in three years. Whenever after ex-
amination the Insurance Commissioner is satisfied that
any domestic association has failed to comply with any
provisions of this Act, or is exceeding its powers, or is not
carrying out its contracts in good faith, or is transacting
business fraudulently, or wherever any domestic associa-
tion after the existence of one year or more shall have