ALBERT C. RITCHIE, GOVERNOR. 721

may thereafter be renewed annually, but in all cases to term-
inate on the first day of the succeeding July; provided,
however, that license shall continue in full force and effect
until the new license be issued or specifically refused. For
each such license or renewal the association shall pay the
Insurance Commissioner twenty-five dollars. A duly certified
copy or duplicate of such license shall be prima facie evidence,
that the licensee is a fraternal beneficiary association within
the meaning of this Article; provided, however, that all such
licenses to be issued January 1, 1928, shall be issued and paid
for pro rata for the period of eighteen months ending June
30, 1929.

Section 162. Admission of Foreign Associations. No for-
eign association now transacting business organized prior to
the passage of this Act which is not now authorized to transact
business in this State shall transact any business herein with-
out a license from the Insurance Commissioner. Any such

association shall be entitled to a license to transact business
within this State upon filing with the Commissioner a duly
certified copy of its charter or articles of association; a copy
of its constitution and laws certified by its secretary or corre-
sponding officers; a power of attorney to the Commissioner
as hereinafter provided; a statement of its business under
oath of its president and secretary, or corresponding officers
in the form required by the Commissioner, duly verified by
an examination made by the supervising insurance official
of its home State or other State satisfactory to the Insurance
Commissioner of this State; a certificate from the proper
official in its home State, province or country that the asso-
ciation is legally organized; a copy of the contract, which
must show that benefits are provided for by periodical or other
payments by persons holding similar contracts; and upon
furnishing the Commissioner such other information as he
may deem necessary to a proper exhibit of its business and
plan of working, and upon showing that its assets are invested
in accordance with the laws of the State, territory, district,

province or country where it is organized, he shall issue a
license to such association to do business in this State
until the first day of the succeeding July; and such
license shall, upon compliance with the provisions of this
Act, be renewed annually, but in all cases to terminate
on the first day of the succeeding July; provided, however,
that license shall continue in full force and effect until the