INSURANCE. 1853

1922, ch. 492, sec. 126.

129. Dividends on Policies. From time to time the directors of any
such company may, by vote, fix and determine the percentage of dividend
or expiration return of premium to be paid on expiring policies, which
percentages may differ, following the different loss experience of different
classes of risks of the same term. But all policies insuring risks in the same
classification, shall have an equal rate of dividend or expiration return of
premium for the same term, and in case of an assessment, the rate thereof
may be different for each different class of risks, provided that every policy
in a company thus dividing its risks into two or more classifications shall,
when issued, bear an endorsement clearly indicating the class to which it
is assigned. Every policyholder of a domestic company, and every policy-
holder in this state of a company of another state or foreign country, shall
be notified at his last known address within six months after the expiration
of his policy of the amount of any dividend or expiration of premium
declared and payable thereon, unless in the meantime such dividend or
return has been paid in cash or applied in payment of the premium on the
renewal of the policy.

1922, ch. 492, sec. 127.

130. Impairment of Assets; Insolvency. If it appears to the insurance
commissioner after an examination made by him, or by an examiner
appointed by him, that the assets or capital of any mutual insurance com-
pany are insufficient to justify its continuance in business, he shall deter-
mine the amount of such deficiency and issue a written requisition to the
officers of the company requiring them to make good within a time to be
specified therein, not less than thirty or more than ninety days from the
service of such requisition. Such service may be made by mail, directed to
the company at its home office as specified in its charter. Upon the service
of such requisition the directors of the company shall forthwith cause such
deficiency to be made good and proof to be filed with the Commissioner
within the time specified in the requisition that the same has been made
good. For any losses accruing upon new risks taken after the expiration of
such time and before such deficiency shall be made good, the directors of
the company shall jointly and severally be personally liable therefor. If
such deficiency shall not be made good within the time specified in such
requisition and satisfactory proof thereof filed with the commissioner,
the company shall be deemed insolvent and may be proceeded against as
an insolvent corporation in the manner authorized by law.

1922, ch. 492, sec. 128.

131. Rules for Prevention of Accidents. The members of any mutual
insurance company writing workmen's compensation or liability insurance
contracts may make reasonable rules and regulations, not in conflict with
the laws of this state, for the betterment of the industries in which they are
engaged, including particularly rules and regulations for the prevention of
accidents to employees on the premises of the employer members, and they
may impose fines and forfeitures for the violation of any such rules and