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(2) An optional standard provision relative to reduction of the amount of indemnity to a sum less than that stated in the policy as follows:

17. If the insured shall carry with another company, corporation, association or society other insurance covering the same loss without giving written notice to the insurer, then in that case the insurer shall be liable only for such portion of the indemnity promised as the said indemnity bears to the total amount of like indemnity in all policies covering such loss, and for the return of such part of the premium paid. as shall exceed the pro rata for the indemnity thus determined.

(3) An optional standard provision relative to deduction of premium upon settlement of claims as follows:

18. Upon the payment of claim hereunder any premium then due and unpaid or covered by any note or written order may be deducted therefrom.

(4) An optional standard provision relative to other insurance by the same insurer which shall be in such one of the following forms as may be appropriate to the indemnities provided, and in the blank spaces of which the insurer shall insert such upward limits of indemnity as are specified by the insurer's classification of risks, filed as required by this Act.

(a) 19. If a like policy or policies, previously issued by the insurer to the insured be in force concurrently herewith, making the aggregate indemnity in excess of $..... the excess insurance shall be void and all premiums paid for such excess shall be returned to the insured.

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(B) 19. If a like policy or policies, previously issued by the insurer to the insured be in force concurrently herewith, making the aggregate indemnity for loss of time on account of disability in excess of $...... weekly, the excess insurance shall be void and all premiums paid for such excess shall be returned to the insured.

(C) 19. If a like policy or policies, previously issued by the insurer to the insured be in force concurrently herewith, making the aggregate indemnity for loss other than that of time on account of disability' in excess of $........., or the aggregate indemnity for loss of time on account of disability in excess of $......... weekly, the excess insurance of either kind shall be void and all premiums paid for such excess shall be returned to the insured.

(5) An optional standard provision relative to the age limits of the policy which shall be in the following form and in the blank spaces of which the insurer shall insert such number of years as it may elect :

20. The insurance under this policy shall not cover any person under the age of.... years nor over the age of....years. Any premium paid to the insurer for any period not covered by this policy will be returned upon request.

5. No such policy shall be so issued or delivered if it contains any provision contradictory, in whole or part, of any of the provisions hereinbefore in this Act designated as "standard provisions" or as "optional standard provisions"; nor shall any endorsement or attached papers vary, alter, extend, be used as a substitute for, or in any way conflict with any of the said "standard provisions" or the said "optional standard provisions"; nor shall such policy be so issued or delivered

if it contains any provision purporting to make any portion of the charter, constitution or by-laws of the insurer a part of the policy unless such portion of the charter, constitution or by-laws shall be set forth in full in the policy, but this prohibition shall not be deemed to apply to any statement of rates or classification of risks filed with the Insurance Superintendent in accordance with the provisions of this Act.

§ 6. No policy of insurance provided for by this Act shall be issued, except upon the signed application of the person or persons sought to be insured. Any information or statement of the applicant shall plainly appear upon such application in the form of Interrogatories by the insurer, and Answers by the applicant. A correct and complete copy of the application shall be attached to or endorsed on the policy when delivered, and unless so attached, or endorsed, the contents of such application, or any part thereof, shall not be admitted in evidence on behalf of the insurer for any purpose whatsoever.

§ 7. The acknowledgment by any insurer of the receipt of notice given under any policy covered by this Act, or the furnishing of forms for filing proofs of loss or the acceptance of such proofs or the investigation of any claim thereunder shall not operate as a waiver of any of the rights of the insurer in defense of any claim arising under such policy.

§ 8. No alteration of any written application for insurance by erasure, insertion or otherwise, shall be made by any person other than the applicant without his written consent, and the making of any such alteration without the consent of the applicant shall be a misdemeanor. If such alteration shall be made by any officer of the insurer, or by any employee of the insurer with the insurer's knowledge or consent, then such act shall be deemed to have been performed by the insurer thereafter issuing the policy upon such altered application.

§ 9. A policy issued in violation of this Act shall be held valid but shall be construed as provided in this Act, and when any provision in such a policy is in conflict with any provision of this Act the rights, duties and obligation of the insurer, the policyholder and beneficiary shall be governed by the provisions of this Act.

§ 10. The policies of insurance against accidental bodily injury or sickness issued by an insurer not organized under the laws of the State may contain, when issued in this State, any provision which the law of the State, territory or district of the United States under which the insurer is organized, prescribes for insertion in such policies, and the policies of insurance against accidental bodily injury or sickness issued by an insurer organized under the laws of this State may contain, when issued or delivered in any other state, territory district or country, any provision required by the laws of the state, territory, district, or country in which the same are issued, anything in this Act to the contrary notwithstanding.

§ 11. Discrimination between individuals of the same class in the amount of premiums or rates charged for any policy of insurance covered by this Act, or in the benefits payable thereon, or in any of the terms or conditions of such policy, or in any other manner whatsoever is prohibited.

§ 12. (1) Nothing in this Act, however, shall apply to or affect any policy of liability or workmen's compensation insurance or any policy of insurance on which the premiums are payable weekly, or any general or blanket policy of insurance issued to any municipal corporation or department thereof, or to any corporation, co-partnership, association or individual employer, police or fire department, underwriter's corps, salvage bureau, or like associations or organizations, where the officers, members or employers or classes or departments thereof are insured for their individual benefit against specified accidental bodily injuries or sickness while exposed to the hazards of the occupation or otherwise in consideration of a premium intended to cover the risks of all the persons insured under such policy.

(2) Nothing in this Act shall apply to or in any way affect contracts supplemental to contracts of life or endowment insurance where such supplemental contracts contain no provisions except such as operate to safeguard such insurance against lapse or to provide a special surrender value therefor in the event that the insured shall be totally and permanently disabled by reason of accidental bodily injury or by sickness: Provided, that no such supplemental contract shall be issued or delivered to any person in this State unless and until a copy of the form thereof has been submitted to and approved by the Insurance Superintendent, under such reasonable rules and regulations as he shall make concerning the provisions in such contracts and their submission to and approval by him.

(3) Nothing in this Act shall apply to or in any way affect fraternal benefit societies.

(4) The provisions of this Act contained in clause five of section two and clauses two, three, eight and twelve of section three may be omitted from railroad ticket policies sold only at railroad stations, or at railroad ticket offices by railroad employees.

§ 13. Any company, corporation, association, society or other insurer or any officer or agent thereof, which or who issues or delivers to any person in this State any policy in wilful violation of the provisions of this Act shall be punished by a fine of not more than five hundred dollars for each offense, and the Insurance Superintendent may revoke the license of any company, corporation, association, society or other insurer of another state or country, or of the agent thereof, which or who wilfully violates any provision of this Act.

§ 14. All Acts or parts of Acts inconsistent with this Act are hereby repealed.

§ 15. This Act shall take effect on the first day of January in the year nineteen hundred and sixteen. Any policy covered by this Act, the form of which has received the approval of the Insurance Superintendent, may be issued or delivered in this State on and after the said date.

APPROVED June 29th, 1915.

DEPOSIT OF SECURITIES WITH INSURANCE SUPERINTENDENT.

§ 1. Companies may deposit such securities as are lawful investments-substitution of other securities. (SENATE BILL No. 299. APPROVED JUNE 25, 1915.)

AN ACT to permit any insurance corporation, company, association or other organization authorized to do an insurance business in this State to deposit securities with the Insurance Superintendent of the State of Illinois, to substitute other securities therefor, and to authorize the Insurance Superintendent of the State of Illinois to certify to such deposits.

SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly: That any insurance corporation, company, association or other organization authorized to do an insurance business in this State may deposit with the Insurance Superintendent of the State of Illinois, in addition to any deposits now authorized or required to be made, securities of such character as are lawful investments of the corporation, company, association or other organization, not less, however, than the aggregate amount of twenty-five thousand dollars, in current market value, and the Insurance Superintendent shall receive such securities and hold the same in trust for the equal benefit and protection of all the policyholders or members of such corporation, company, association or other organization, and so long as such corporation, company, association or other organization shall continue solvent, he shall permit it to collect the interest or dividends thereon, and from time to time withdraw such securities or any part thereof, on depositing with the Insurance Superintendent other securities of like character and of equal value to those withdrawn, and upon request of the corporation, company, association or other organization so depositing, the Insurance Superintendent shall certify to the same under the seal of his office.

APPROVED June 25th, 1915.

FIDELITY AND CASUALTY COMPANIES-REGULATION.

§ 1. Surety or casualty companies may engage in surety and casualty business without additional capital or deposits upon compliance with Act.

§ 2. How new company may avail itself of provisions of Act.

§ 3. Companies heretofore organized-declaration what to contain-amendment to charter. § 4. Deposit with Insurance Superintendent.

§ 5. Investment of capital stock or surplus.

§ 6. Foreign companies authorized by charter to do a casualty and fidelity businesslicense.

§ 7.

§ 8.

Subject to all requirements of existing laws.
Limit to risk or hazard.

§ 9. When license revoked-repeal.

(SENATE BILL No. 407. APPROVED JUNE 29, 1915.)

AN ACT relating to insurance and permitting certain stock corporations organized under the laws of the State of Illinois or of any other state of the United States or of any foreign country to engage in the business of guaranteeing the fidelity of persons holding public or private places of trust and the performance by persons, firms and corporations of contracts, bonds, recognizances and undertakings of every kind, and of becoming surety on bonds, required by law, and on every kind of contract, obligation and undertaking of persons, firms and corporations, and to do a casualty insurance business; to regulate and control such business in this State, and to repeal all laws now existing which conflict with the provisions of this Act.

SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly: That any corporation which

possesses a capital stock fully paid in cash as large as is required by the laws of this State of corporations authorized to transact a surety business and to become the surety on bonds required by law in this State, and which is now or may hereafter be organized under the laws of the State of Illinois for the purpose of guaranteeing the fidelity of persons holding public or private places of trust and the performance by persons, firms and corporations of contracts, bonds, recognizances and undertakings of every kind and of becoming surety on bonds required by law, and on every kind of contract, obligation and undertaking of persons, firms and corporations, or for any of such purposes, may also upon compliance with the requirements of this Act, and without any additional capital or deposit being required of such corporation engaged in the business of casualty insurance of as many kinds as the capital stock of said corporation would entitle it to engage in as provided for by the laws of this State relating to casualty companies; or if such corporation be now or hereafter organized under the laws of the State of Illinois for the purpose of engaging in a casualty. insurance business it may also upon compliance with the requirements of this Act, without any additional capital or deposit being required of such corporation, engage in the business of guaranteeing the fidelity of persons, holding public or private places of trust, and the performance by persons, firms and corporations of contracts, bonds, recognizances and undertakings of every kind and of becoming surety on bonds required by law, and on every kind of contract, obligation, and undertaking of persons, firms and corporations: Provided that, no corporation having a capital stock of less than four hundred thousand dollars shall be authorized to do a surety or guaranty business as last above described and at the same time engage in the business named in sub-division 2 of section 1 of an Act entitled, "An Act to incorporate and to govern casualty insurance companies and to control such companies of this State and of other States doing business in the State of Illinois, and providing and fixing the punishment for violation of the provisions thereof, and to repeal all laws now existing which conflict therewith," (approved April 21, 1899, in force July 1, 1899).

§ 2. Any such corporation hereafter organized under the laws of the State of Illinois for the purpose of engaging in the surety business or the casualty insurance business may avail itself of the provisions of this Act by including in its original charter a declaration of its desire so to do, or thereafter by complying with the requirements of section 3 of this Act.

3. Any such corporation heretofore organized under the laws of the State of Illinois for the purpose of engaging in the surety business or the casualty insurance business may avail itself of the provisions of this Act by filing with the Insurance Superintendent a declaration of its desire so to do. Such declaration shall set forth the amount of the capital stock of the corporation which has been fully paid in, in cash, the nature of the insurance business it is proposed to transact thereafter; that the proposed change in the business of the corporation has been approved by the holders of more than two-thirds of the entire capital stock of the corporation, and that such approval was given at a duly held meeting of the stockholders of the corporation. Such declara

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