Biennial Report of the Attorney General of the State of Wisconsin for the Biennial Period Ending June 30, - Volume 2

Biennial Report of the Attorney General of the State of Wisconsin for the Biennial Period Ending June 30, - Volume 2

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1904 edition. Excerpt: ... de part-ment on March 12th, last, concerning Stock, Accident and (lasualty ('ompanies organized under section 1966--25, in which I gave it as my opinion. that suclr companies were not authorized to do a life insurance business and pay indemnity in case of death by disease or natural causes. In reply to your inquiry of May 18th, would say that my former opinion was given with express reference to the construction of sect-ion-1966-25 which refers to the organization of companies insuring against "bodily injury, disablement or death resulting from! accident," and;pro viding benefits for disability caused by disease and has no reference to section 1955a which provides for the organization of Mutual Beneficiary and Fraternal Conporations', Societies, Orders and Associations. Section 1966-25 refers particularly to the organization of Stock Comlpanies. Section 1966-27 provides: _ '_'No such corporation for any one of the purposes specified in section 196627 shall do business with a capital stock of less than one hundred thousand dollars fully paid in in cash, with an additional fifty thousand dollars fully paid in in cash for every kind of insurance more than one which it is authorized to do," etc. General Opinions. Section 1955a does not refer to stock companies at all but has particular reference to "fraternal or beneficiary corporations, societies, orders, etc." organized upon the mutual or assessment plan, and provides further for the admission of foreign beneficiary and fraternal corporations, etc., organized under the stat utes of other states to do business in this State upon complying with the conditions therein specified, and expressly provides for the certain companies doing...
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Product details

  • Paperback | 178 pages
  • 189 x 246 x 10mm | 327g
  • United States
  • English
  • black & white illustrations
  • 1236991397
  • 9781236991393