drinking of intoxicants is incapable of managing and caring for his estate, or so spends, wastes or lessens his estate, so as to expose himself or his family to want or suffering.

§ 53. If any conservator appointed pursuant to this Act or any other person interested in the ward or his estate, or any other person, shall state upon oath, to any County Court, that he believes that any person has in his possession or control, or has concealed, converted or embezzled, any goods, chattels, moneys or effects, books of account, papers or any evidences of debt whatever, or titles to lands belonging to the ward; or that he believes that any person has any knowledge or information of or concerning any indebtedness or evidences of indebtedness, or property, titles or effects, belonging to the ward, which knowledge. or information is necessary to the recovery of the same, by suit or otherwise, by the conservator, and that such person refuses to give to the conservator such knowledge or information, the court shall require such person to appear before it by citation, and may examine him on oath, and hear the testimony of such conservator, and other evidence offered by either party, and make such order in the premises as the case may require.

§ 54. If any such person, so cited, refuses to answer such proper interrogatories as may be propounded to him, or refuse to deliver up such property or effects, or in case the same has been converted, the proceeds or value thereof, upon a requisition being made for that purpose by an order of the said court, such court may commit such person to jail until he shall comply with the order of the court therein.

§ 55. It shall be lawful for any person having a claim or demand against any person under conservatorship to file the same in the office of the clerk of the court appointing such conservator; which claim shall be itemized and give the date of each item, and be verified by the oath of the claimant, and, unless the conservator of the estate of said ward waives the issuance of process, the clerk of the court shall issue a summons, directed to the sheriff of the county where such conservator resides, requiring such conservator to appear and defend such claim at any day of any term of court, fixed by the court, not less than ten days nor more than thirty days from the service of such summons, whereupon or at such time thereafter as the court may fix, the court may proceed to hear the same, as in cases of claims against the estate of deceased persons, and to dismiss the claim, or allow the same, in whole or in part, or make any order thereon, as may be just and equitable, and order the same to be paid by the conservator as he shall have funds applicable thereto : Provided, nothing herein shall be construed to abrogate any of the legal defenses of the ward according to law. Either party may demand a jury of six or twelve men, to try the issue, and it shall be the duty of the County or Probate Court when a jury is demanded to issue a venire to the sheriff of the county, to summon a jury to be composed of the number demanded. When a claim is filed in the County or Probate Court against the estate of a ward and it appears on the trial thereof, that such claimant is indebted to such ward, the said court may give judgment against the claimant, therefor, and execution may issue thereon in favor

of the conservator or said ward: Provided, nothing in this section shall exclude the jurisdiction of other courts.

§ 56. Depositions of witnesses in all proceedings under this Act shall be taken in the same manner as near as may be, as is now or may hereafter be provided by law for the taking of the depositions of such witnesses in suits at law or in chancery.

(SENATE BILL No. 372. APPROVED JUNE 28, 1919.)

AN ACT to amend sections 3 and 5 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, as subsequently amended.)

SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly: That sections 3 and 5 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, as subsequently amended), be amended to read as

follows:

§ 3. No such corporation, for any of the purposes specified in this Act shall do business with a capital stock of less than $100,000 fully paid in, in cash, with an additional $50,000, fully paid in, in cash, for every kind of insurance, more than one, which it is authorized to do: Provided, that it may not do the business named in subdivision two (2) of section 1 hereof, on a capital of less than $200,000, fully paid in, in cash. Before any corporation commences business, its whole capital must be invested in such class of securities as are permitted by the laws of this State applying to life insurance companies; at least $100,000 worth of such securities aforesaid, approved by the Director of Trade and Commerce, shall be duly made or assigned to him, in trust for the purposes hereinafter mentioned.

Said Director of Trade and Commerce shall hold such securities for the benefit and protection of the policy holders of the corporations, and so long as any such corporation continues solvent shall permit it to

collect the interest of dividends thereon, and from time to time withdraw such securities, or any part thereof, on depositing with said. Director of Trade and Commerce other securities of the kind heretofore named, and of equal value with those withdrawn. If such company shall at any time cause all of its unexpired policies to be paid or cancelled, and all its liabilities under such policies thereby be extinguished, then the Director of Trade and Commerce, on application of such company, under oath of its president or secretary, on satisfying him, by examination of its books and its officers, under oath, that all of its policies are so paid, cancelled or extinguished, shall deliver up to it such securities: Provided, that companies formed for the purpose of insuring live stock against death from any cause, injury or theft, shall only be required to have a subscribed capital of one hundred thousand dollars ($100,000), of which fifty thousand dollars ($50,000) shall be paid in, in cash, and shall only be required to make a deposit of twentyfive thousand dollars ($25,000) with the Director of Trade and Commerce before it shall commence business. But no such company shall expose itself to loss on any risk or hazard to an amount exceeding five per cent of its paid up capital, unless the excess shall be reinsured in some other responsible and reliable company authorized to transact business in this State.

5. Any corporation organized under these provisions may invest any surplus money in excess of its capital stock in such class of securities as are permitted by the laws of this State applying to life insurance. companies.

AN ACT to amend section 12a 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, and to amend the title of said Act."

SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly: That section 12A 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, be and the same is hereby amended so as to read as follows:

§ 12a. That in determining the condition of any corporation, company, association or aggregation of individuals transacting any business of casualty insurance in this State, whether organized within or without this State, the Department of Trade and Commerce, herein called "Department" shall charge as liabilities all outstanding indebtedness and the premium reserve on policies in force equal to the unearned portions of the gross premiums charged for covering the risks computed on each respective risk from the date of issuance of the policy; provided, however, that this bill shall not apply to any such corporation, company or association operating in this State under the provisions of an Act entitled, "An Act to incorporate companies to do the business of life or accident insurance of this State and of other states doing business in this State, and to repeal a certain Act therein named, and providing and fixing the punishment for violation of the provisions thereof," approved June 22, 1893, in force July 1, 1893. There shall also be charged as a liability to each such corporation, company, association or aggregation of individuals which has issued any policy of liability, workmen's compensation or other casualty insurance, additional reserves which shall be fully adequate to meet all liabilities not otherwise provided for and shall be computed in a manner and on a basis conforming as nearly as may be practicable to the general practice throughout the United States, as far as the same shall be prescribed or approved by the Department.

Except as otherwise ordered, the liability for such additional reserves shall be determined and charged as follows:

1. For all liability suits being defended under policies written more than:

(a) Ten years prior to the date as of which the statement is made, one thousand five hundred dollars for each suit.

(b) Five and less than ten years prior to the date as of which the statement is made, one thousand dollars for each suit.

(c) Three and less than five years prior to the date as of which the statement is made, eight hundred and fifty dollars for each suit.

2. For all liability policies written during the three years immediately preceding the date as of which the statement is made, such reserve shall be sixty per centum of the earned liability premiums of each of such three years less all loss and loss expense payments made under liability policies written in the corresponding years; but in any event, such reserve shall, for the first of such three years, be not less than seven hundred and fifty dollars for each outstanding liability suit on said year's policies.

3. For all compensation claims under policies written more than three years prior to the date as of which the statement is made, the present values at four per centum interest of the determined and the estimated future payments.

4. For all compensation claims under policies written in the three years immediately preceding the date as of which the statement is made, such reserve shall be sixty-five per centum of the earned compensation

premiums of each of such three years, less all loss and loss expense payments made in connection with such claims under policies written in the corresponding years; but in any event in the case of the first year of any such three-year period such reserve shall not be less than the present value at four per centum interest of the determined and the estimated unpaid compensation claims under policies written during such year.

5. The term "earned premiums" as used herein shall include gross premiums charged on all policies written, including all determined excess and additional premiums on policies cancelled, and less unearned premiums on policies in force, and in case of companies or associations or aggregations of individuals transacting business upon the participating plan, less any portion of the premium so charged which is returned or credited to policy-holders, a schedule of which return or credit has been filed with and has not been disapproved by the Department.

6. The term "compensation" as used in this Act shall relate to all insurances effected by virtue of statutes providing compensation to employees for personal injuries irrespective of fault of the employer. The term "liability" shall relate to all insurance, except compensation urance, against loss or damage from accident to or injuries suffered by an employee or other person and for which the insurer is liable.

7. The terms "loss payments" and "loss expense payments" as used herein shall include all payments to claimants, including payments for medical and surgical attendance, legal expenses, salaries and expenses of investigators, adjusters and field men, rents, stationery, telegraph and telephone charges, postage, salaries and expenses of office employees, home office expenses, and all other payments made on account of claims, whether such payments shall be allocated to specific claims or unallocated.

8. All unallocated liability loss expense payments made in a given calendar year subsequent to the first four years in which an insurer has been issuing liability policies shall be distributed as follows: Thirtyfive per centum shall be charged to the policies written in that year, forty per centum to the policies written in the preceding year, ten per centum to the policies written in the second year preceding, ten per centum to the policies written in the third year preceding and five per centum to the policies written in the fourth year preceding, and such payments made in each of the first four calendar years in which an insurer issues liability policies shall be distributed as follows: In the first calendar year one hundred per centum shall be charged to the policies written in that year, in the second calendar year fifty per centum shall be charged to the policies written in that year and fifty per centum to the policies written in the preceding year, in the third calendar year forty per centum shall be charged to the policies written in that year, forty per centum to the policies written in the preceding year, and twenty per centum to the policies written in the second year preceding, and in the fourth calendar year thirty-five per centum shall be charged to the policies written in that year, forty per centum of the policies written in the preceding year, fifteen per centum to the policies written in the second year preceding, and ten percentum to the policies written