ALASKA.

AGENTS' LICENSES Title I, Chap. 1, Sec. 29, Civil Code, approved June 6, 1900. "Any person or persons, corporation or company, prosecuting or attempting to prosecute any of the following lines of business within the District of Alaska shall first apply for and obtain license to do so from a District Court or a subdivision thereof in said district, and pay for said license for the respective lines of business and trade as follows, to wit Insurance agents and brokers, $25 per annum."

FEES-Civil Code of 1900, Sec. 365. "The secretary of the district shall collect from each company or person for the service provided in this chapter the following fees: For filing certificate of qualification, $5; for filing power of attorney, $5." Clerk of court, for issuing license to agent of broker, $25.

GENERAL PENALTY-Civil Code of 1900, Sec. 364. "Any officer, agent or employee of any insurance company or other person violating any of the provisions of this chapter shall be fined not less than $100 nor more than $500, and in default of payment of such fine shall be imprisoned not less than ten days nor more than six months."

PRELIMINARY DOCUMENTS-Civil Code of 1900, Secs. 360, 361, provides that a company must file certificate of incorporation and power of attorney with the clerk of each division of the District Court, which power of attorney shall authorize a citizen and resident of the district (and in his absence, the clerk of any division of the District Court) to receive and accept service in any proceedings in a court of justice of the district. A certificate that the company is qualified to transact business in its home State must be filed with the secretary of the district. The certificate specified in Secs. 360 and 361 are only required to be filed once. The provisions of the law apply to any individual or association engaged in transacting insurance (except secret, fraternal or co-operative societies)

TAXES-House Bill No. 96, approved May 1, 1913. "Insurance Companies A tax shall be imposed on all premiums payable on risks in the Territory of Alaska of one per cent of the amount of such premiums. I. In the case of such insurance premiums being paid to companies not licensed to do business in the Territory of Alaska, mutuals or Lloyds, such tax shall be payable by the insured. 2. In case of premiums paid to companies licensed and doing business in the Territory of Alaska, such tax shall be payable by the company receiving the same." This law became effective 90 days after its approval.

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ARIZONA.

STATE REQUIREMENTS.

AGENTS DEFINED─“Agent" or "Insurance Agent" is a person, copartnership, corporation attorney, board or committee duly appointed and authorized by an insurance company to solicit applications for insurance, to be known as a soliciting agent, or to solicit applications and effect insurance in the name of the company, to be known as a recording or policy-writing agent, and to discharge such other duties as may be vested in or required of the agent of the company.

AGENTS' LICENSES—Agents must procure licenses for each company they represent from the Corporation Commission, on or before April I in each year. Penalty for acting as agent for unauthorized company, fine of $50 to $200 or imprisonment for not over six months. General agent's authorization must be filed with Secretary. A firm or agency corporation is licensed for a single fee.

ANNUAL STATEMENTS-Must be filed on or before March I of each year with the Corporation Commission. Penalty for failure to file statement, liability to fine of $1000.

ANTI-COINSURANCE-Sec. 23, Ins. Code. "No domestic, foreign or alien insurance company transacting business in this State shall hereafter make, issue or deliver herein, any policy or contract of insurance except policies or contracts of ocean marine insurance, containing any condition, stipulation or agreement requiring such contract of insurance to be construed according to the laws of any other State or country, or preventing the bringing of any action against any such company for more than six months after the cause of action accrues, or limiting the time within which any such action may be brought to a period or less than two years from the time the cause of action accrues; and any such condition, stipulation or agreement shall be void, and such policy shall be binding upon the company having issued it."

ANTI-COMPACT-The anti-trust law of May 18, 1912, may be construed as relating to insurance, although the latter is not specifically named. ANTI-DISCRIMINATION-Sec. 25, Ins. Code, provides that no insurance company, licensed insurance agent, solicitor or broker, personally or by any other party, shall pay or offer to pay any compensation not specified in the contract of insurance. Nor shall any insured accept from any company or agent, etc., any compensation or rebate of premium of any description as inducement for insurance.

ATTORNEY-Each member of the Corporation Commission must be appointed attorney, upon whom all processes may be served (Sec. 9, Ins. Code).

CANCELLATION OF POLICY-Sec. 57. "Any fire insurance policy may be cancelled at any time by the insurer, giving the insured or his representative in charge of the property insured, and the mortgagee, if the interest of the mortgage is covered in the policy, five days' notice of such cancellation in writing, and, at the expiration of such five days' notice o such cancellation in writing, all liability on the part of the company shal cease, provided that the company shall, on surrender of the policy, provided that the premium thereon has been paid, pay the insured the return premium computed at pro rate for the unexpired time of the policy, or the customar short rate where the insurance is cancelled by the insured; and in the even of the refusal of the company to pay such return premium the liability o the company shall continue until such return premium is paid."

CAPITAL REQUIRED-Company must have at least $200,000 capital, fully paid in, must transact no other business of insurance except Team and Vehicle, and that when $50,000 additional capital is paid in. COMMISSIONS TO NON-RESIDENTS-Commissions on Arizona risk must be paid to resident agents.

DEPOSIT-No special deposit is required, but provisions are made for the deposits required by other States of domestic companies.

DOMESTIC COMPANIES-Sec. 41. "The following number of citizens of the United States, two-thirds of which number shall be residents of the State of Arizona, may incorporate a company as follows: For a stock company not less than five; for a mutual company, not less than ten; for one more of the purposes specified in Sec. 40 of this act, by making and subscribing written articles of incorporation in triplicate and acknowledging same before an officer authorized to take acknowledgment of deeds, and after having the same approved by the Corporation Commission by filing one copy of such articles with the Corporation Commission, another in the recorder of the county in which the principal office of the company is to be located, and retaining one in the possession of the company."

EXAMINATIONS-Sec. 2, Ins. Code. "Whenever the Corporation Commission shall determine it to be prudent for the protection of policyholders in this State, the Commission shall appoint some competent person or persons for the purpose of visiting the home office of any insurance company applying for a license to transact business in this State, or which may be transacting business this State, whether domestic or otherwise, and examine into the affairs of any company organized under the laws of this State or having any office in this State, which company is engaged in, or is claiming or advertising that it is engaged in, organizing or receiving subscriptions for or disposing of stock of or in any manner adding or taking part in the formation of business of an insurance company or companies, or which is holding capital stock of one or more insurance companies for the purpose of controlling the management thereof as voting trustee or otherwise, and thoroughly inspect and examine its affairs to ascertain its true financial condition, its ability to meet and fulfil its obligations, whether it has complied with the provisions of law and all other facts that the Corporation Commission may require relating to its business methods and management and its dealings with policyholders."

FEES-For filing annual statement, $25; for issuing certificate of authority,

$50; for issuing each renewal of certificate of authority, $30; for filing articles of incorporation, $25; for filing amendments to charter, $10; for copy of papers filed with Corporation Commission, twenty cents (payable to recorder of county wherein appointment is filed); for filing miscellaneous papers (each), $1; for each agent's license, $2; for appointment of attorney, $5. These fees payable to the State Treasurer.

FIRE DEPARTMENT TAX-None.

FIRE MARSHAL-No provision.

FOREIGN COMPANIES' HOME OFFICE STATEMENT-Not required to be filed.

GENERAL PENALTY-Sec. 54 provides that violations of any provisions of the code, not specified definitely, will be deemed misdemeanors, and shall be punishable as such.

IMPAIRMENT-Sec. 6, Ins. Code, provides that when a company has its capital stock impaired to the amount of 20 per cent., or that its assets are insufficient to justify its continuance in business, it must repair the deficiency or have its license revoked. Sec. 7. "When mutual companies are deemed to have inadequate assets their licenses shall be revoked and no new policies issued."

INVESTMENTS PRESCRIBED—Investments must be on interest-bearing bonds or loans of the United States Government or any of the States, or any county, city or town of any of the States of the United States. In mortgage loans worth 50 per cent more than the amount loaned thereon, exclusive of buildings unless insured and the policies transferred to the company. Balance over required capital stock may be invested in interestbearing bonds of any corporation of any State of the United States or of the District of Columbia with approval of the Corporation Commission. The officers of the company must report investments quarterly-January, April, July and October. Domestic companies may invest in real property for home office buildings, provided that no such investment will reduce the amount of the surplus assets, exclusive of such investments, to less than 50 per cent of minimum capital required.

LICENSED BROKERS-Insurance or agreements with unauthorized companies must be reported annually and a tax of 15 per cent of actual cost of indemnity and gross premiums charged must be paid. (Sec. 37, Ins. Code 1913.)

LIMIT ON A SINGLE RISK-No provision.
LLOYDS-No requirement.

MISCELLANEOUS-Companies must furnish insured with blanks for proofs

of loss within twenty days after application for same, or be debarred from requiring proofs from the insured as a precedent to settlement. Copy of any application for insurance which, by the terms of the policy, is made a part of the contract, or is referred to therein, or which may in any manner affect the validity of such policy, must be attached to the policy, or the company is precluded from pleading, alleging or proving any such application, in an action upon such policy, and the plaintiff shall not be required

to plead or prove such application, but has the option of so doing. No suit over policy may be taken to a Federal court.

MUTUAL COMPANIES-Provisions are made under Sec. 42 of Ins. Code for the classification of mutual companies into four classes, namely: (1) Companies formed to transact general fire insurance on a cash premium plan; (2) companies formed to transact fire insurance business under a cash premium plan on one particular and stated kind of mercantile or manufacturing property; (3) companies formed to transact a general fire insurance on an assessment plan; (4) companies formed to transact fire business on the assessment plan outside of incorporated towns in this State. Sec. 44. "No alien or foreign mutual fire insurance company shall be licensed to make insurance in this State until it shall have accumulated from its underwriting business and earnings surplus assets of not less than $100,000, and shall have a reinsurance reserve computed on pro rata basis, which surplus assets, if an alien, shall be maintained on deposit in a depository or depositories for insurance company funds in some State or States of the United States. Such company shall not carry insurance on a single risk for an amount in excess of ten per centum of its surplus assets, as shown by the latest report to the Corporation Commission, without protecting such excess by reinsurance in a solvent company." PRELIMINARY DOCUMENTS-Company must file with the Corporation Commission a copy of its charter or articles of incorporation, a statement showing its condition, and acceptance of provisions of Ins. Code of 1913, and receive from him a certificate of authority to do business. Penalty for doing business in Arizona without authority, fine of $100 to $500. PUBLICATION-No company or agent thereof shall advertise assets except those actually owned and available for payment of losses and claims. Every advertisement showing a company's financial condition shall correspond with its verified statement to the Corporation Commission. Penalty for violation from $200 to $500.

RECIPROCAL LAW-Sec. 19, Ins. Code, provides that any taxes, fines, penalties, licenses, fees, deposits, etc. (in excess of those imposed by this State upon foreign companies) by any other State on domestic companies of this State shall be imposed on the companies and agents of that State when transacting business in Arizona. REINSURANCE-Reinsurance in unauthorized companies is prohibited. Concerning this law, the Attorney-General advised the Secretary that "the provisions of this section cannot be enforced, and may be treated by your office, as they will by this, as null and void." All reinsurances must be reported annually. Sec. 53. "No insurance company authorized to transact business in this State, and no manager or agent thereof, shall reinsure, transfer or cede in any manner whatsoever the whole or any part of its liability under a policy covering property within this State, except marine risks in any alien company not having a duly appointed attorney in fact in the United States to accept services of legal process, or not ad