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§ 16. It shall be the duty of the president and secretary of every such company on the first day of January of each year, or within one month thereafter, to prepare under their own oath, and transmit to the Director of Trade and Commerce a statement of the condition of the company, on the thirty-first day of December then next preceding, in such form as the Director of Trade and Commerce may direct. If upon examination he is of the opinion that such company is doing business correctly in accordance with the provisions of this Act, he shall thereupon furnish the company his certificate, which shall be deemed authority to continue business the ensuing year, subject, however, to the provisions of this Act. For such examination and certificate the company shall pay one dollar ($1). Each company shall pay at the time of organization ten dollars ($10) for the services of the Director of Trade and Commerce, all of which shall be paid into the State treasury and applied to the insurance fund.

APPROVED June 6, 1919.

DISSOLUTION OF COMPANIES.

§ 1. Amends section 3. Act of 1874. § 3. Shall be held extinct if ceased to do business t for one year—Circuit Court may be petitioned to fix time when companies shall close their

concerns.

(HOUSE BILL No. 179. APPROVED MAY 21, 1919.)

AN ACT to amend section 3 of an Act entitled, “An Act in regard to the dissolution of insurance companies,” approved February 17, 1874, in

force July 1, 1874.

SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly: That section 3 of an Act entitled, “An Act in regard to the dissolution of insurance companies”. approved February 17, 1874, in force July 1, 1874, be amended to read as follows:

§ 3. The charters of all insurance companies incorporated in this State, which, either from neglect or by vote of their members or officers, or in obedience to the decree of any court, have ceased, or shall heroafter cease, for the period of one year, to transact the business for which they were organized, shall be deemed and held extinct in all respects, as if they had expired by their own limitation; and the Circuit Court shall have authority, upon application, by the petition of the Director of Trade and Commerce, or of any person interested, to fix, by decree, the time within which such companies shall close their concerns; provided, that no legal proceeding shall be necessary against any mutual corporation when such corporation is shown by affidavit of its officers to have no assets, liabilities or members, and provided, further, that this section shall not be construed to relieve any such company from its linbilities to the assured or any of its creditors.

Approved May 21, 1919.

FIRE, MARINE AND INLAND NAVIGATION INSURANCE COMPANIES.

§ 1. Amends section 1, Act of 1869. § 1. Not less than 13 may form company — what may be insured.

(House BILL No. 188. APPROVED MAY 21, 1919.) AN ACT to amend section 1 of an Act entitled, “An Act to incorporate and to govern fire, marine and inland navigation insurance companies doing business in the State of Illinois,” approved and in force March 11, 1869, and as subsequently amended. SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly: That section 1 of an Act entitled, “An Act to incorporate and to govern fire, marine and inland navigation insurance companies doing business in the State of Illinois,” approved and in force March 11, 1869, and as subsequently amended, be amended to read as follows: § 1. That any number of persons, not less than thirteen (13), may associate and form an incorporated company for the following purposes, to-wit: To make insurance on dwelling houses, stores, and all kinds of buildings, and upon household furniture and other property, against loss or damage by fire, lightning and tornadoes, or either or any of said causes and the risks of inland navigation and transportation. Any and all insurance companies heretofore or hereafter incorporated under the provisions of this Act, which shall, in the declaration and charter provided to be filed, have expressed an intention to make insurance, or shall have power to make insurance against loss or damage by the risks of inland navigation or transportation, shall have power to make insurance upon vessels, boats, cargoes, goods, merchandise, freights, and other property, against loss and damage by all or any of the risks of ocean, lake, river, canal and inland navigation and transportation, and against loss or damage by explosion, whether fire ensues or not, except upon steam boilers and pipes, fly wheels, engines and machinery connected therewith or operated thereby. APPROVED May 21, 1919.

FRATERNAL BENEFICIARY SOCIETIES.

i 1. Amends section 71%. Act of 1893. § 71%. Change in articles of association effective only when approved by Director of Trade and Commerce.

(HOUSE BILL No. 186. APPROVED MAY 21, 1919.)

AN ACT to amend section ; 12 of an Act entitled, “An Act to provide for the organization and management of fraternal beneficiary societies for the purpose of furnishing life indemnity or pecuniary benefits to beneficiaries of deceased members or accident or permanent indemnity disability to members thereof; and to control such societies of this State and of other states doing business in this State, and providing and firing the punishment for violation of the provisions thereof, and to repeal all lau's now eristing which conflict here with", approved and

in force June 22, 1893, as subsequently amended. SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly: That section 71% of an Act entitled “An Act to provide for the organization and management of fraternal beneficiary societies for the purpose of furnishing life indemnity or pecuniary benefits to beneficiaries of deceased members or accident or permanent indemnity disability to members thereof; and to control such societies of this State and of other states doing business in this State, and providing and fixing the punishment for violation of the provisions thereof, and to repeal all laws now existing which confiict herewith’’, approved and in force June 22, 1893, as subsequently amended, be amended to read as follows:

§ 7%. . Any corporation, association or society organized under the provisions of this Act may change its articles of association in the manner prescribed by its own rules, but no such change shall be of legal effect until a certificate setting forth fully and definitely the changes proposed shall have been submitted to and approved by the Director of Trade and Commerce and filed in his office. Every corporation, association or society organized having adopted such change in its articles of association shall comply with the provisions of this section within sixty (60) days.

APPROVED May 21, 1919.

FRATERNAL BENEFICIARY SOCIETIES. § 1. Provides that funds and assets be held for benefits promised in certificates.

(SENATE BILL No. 354. APPROVED JUNE 16, 1919.)

AN ACT relating to fraternal beneficiary societies and providing that funds and assets shall be held for the benefits promised in its certificates. SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly: A fraternal beneficiary society. heretofore or hereafter organized in or admitted to this State, which shall have issued or shall hereafter issue certificates on rates which shall create and maintain a reserve thereon, without reference to the particular mortality table used, may at its option, as may be provided in its articles of incorporation, constitution, or by-laws, provide that the assets representing the reserves contributed upon such certificates shall be maintained separate and distinct from other assets of said society in trust for and to be applied to the protection and payment of the sums agreed to be paid as expressed in said certificates upon which such reserve was contributed; provided that equitable provision may be made for a merger of the mortality upon all members, and that such separation of reserves aforesaid shall not be rescinded or discontinued; and provided that any fraternal beneficiary society, heretofore or hereafter organized in or admitted to this State, may at its option as may be provided in its articles of incorporation, constitution or by-laws, classify its members with or without the segregation of the fund contributed by either class of members for the payment of the benefits provided for in the certificates held by such members. APPROVED June 16, 1919.

FRATERNAL BENEFICIARY SOCIETIES.

§ 1. Legalizing consolidation, mergers $ 2. Validation of contracts.
or reinsurance agreements.
§ 3. Emei gency.

(Hous E BILL No. 187. APPRoved JUNE 21, 1919.)

AN ACT to legalize the consolidations, mergers or reinsurance agreemen's of fraternal beneficiary societies. SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly: That in all cases where a fraternal beneficiary society, organized under the laws of the State of Illinois, has entered into a contract of reinsurance or articles of consolidation or merged with any other fraternal beneficiary society, whether organized under the laws of the State of Illinois or any other state, without express authority of law, whereby members of such societies have been transferred from one society to another, or certificates of membership issued by one society have been assumed by another society, or new certificates issued by such reinsuring or consolidated society in lieu of certificates held by such members, notwithstanding the fact that such members were at the time of such reinsurance, merger or consolidation above the age of applicants for membership as limited by law or by the certificate of association of such reinsuring society, or were not at the time of such reinsurance, consolidation or merger medically examined as provided by law, each such contract of reinsurance or articles of consolidation or merger, except as hereinafter provided, is hereby declared to be legal and valid and to be in full force and effect. No such reinsuring or consolidated society shall interpost [interpose] any defense in any action now pending, or hereafter brought, on any such certificate, based upon the fact that the member described in such certificate was above the age of applicants for membership as limited by law or by the certificate of association of such reinsuring society at the time of such reinsurance, merger or consolidation, or was not medically examined at such time, provided such member shall have complied in all other respects with all of the laws, rules and regulations of such reinsuring society applicable to such member. § 2. The validation of such contracts as provided for in section 1 hereof shall not be taken as precluding the right of any society or of any member of any such society, party to such contract, to bring an appropriate action for the recovery, for and on behalf of any such society, of any sum or sums of money or assets of any kind, wrongfully or illegally paid out or taken from any such society as and for commissions, fees or other similar expenditures, in furtherance of any such contracts of consolidation, merger or reinsurance; and the reasonableness of any such sums or transfer of assets, paid out as compensation, commission or otherwise, may be properly inquired into in such action. § 3. Whereas, an emergency exists, therefore this Act shall be in full force and effect from and after its passage. APPROVED June 21, 1919.

FRATERNAL BENEFICIARY SOCIETIES.

§ 1. Amends section 1, Act of 1893. § 1. Defines corporation—payInent of benefits—menberships confined to certain classes.

(SENATE BILL No. 156. APPRoved JUNE 21, 1919.)

AN ACT to amend an Act entitled, “An Act to provide for the organization and management of fraternal beneficiary societies for the purpose of furnishing life indemnity or pecuniary benefits to beneficiaries of deceased members, or accident or permanent indemnity disability to members thereof, and to control such societies of this State and of other states doing business in this State, and providing and firing the punishment for violation of the provisions thereof, and to repeal all laws existing which conflict therewith,” approved and in force June 22, 1893, as subsequently amended, by amending the first section of such Act. SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly: That an Act entitled, “An Act to provide for the organization and management of fraternal beneficiary societies for the purpose of furnishing life indemnity or pecuniary benefits to beneficiaries of deceased members, or accident or permanent indemnity disability to members thereof, and to control such societies of this State and of other states doing business in this State, and providing and fixing the punishment for violation of the provisions thereof, and to repeal all laws now existing which conflict therewith,” approved and in force June 22, 1893, as subsequently amended, be and the same is hereby amended, by amending the first section of such Act to read as follows: § 1. A fraternal beneficiary society is hereby declared to be . a corporation, society or association formed, organized or carried on for the sole benefit of its members and their beneficiaries, and not for profit. Each society shall have a lodge system, with ritualistic form of work and representative form of government, and may make provisions for the payment of benefits in case of disability and death, or of either, resulting from either disease, accident or old age of its members. In all meetings of any such society, organized under this law or heretofore organized, no member shall be allowed to cast more than one vote in any election of its officers, or on any question submitted therein, and the members, officers, representatives or delegates of a fraternal beneficiary society shall not vote by proxy. Any such society, order or association may create, maintain and disburse a reserve fund in accordance with its constitution and by-laws. Such reserve fund, if any, shall represent certain prescribed accumulations or percentage, retained for the benefit of its members or their beneficiaries, and no part thereof shall be used for expenses, nor for any purpose except the payment of death and disability claims. The payment of such benefits in all cases being subject to compliance by the member with the contract rules and laws of the society: Provided, the period in life at which payment of physical disability benefits on account of age may commence shall not be under seventy (70) years. The fund from which the payments of such benefits

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