INSURANCE. 1855

administered, or other valid and substantial reasons therefor exist, it shall
withdraw its approval and so notify the insurance commissioner, who shall
revoke the license of such scheme. When such a license is revoked or ex-
pires, any moneys or securities held for the purposes of this scheme, shall,
after due provision has been made to discharge the liabilities already
accrued, be disposed of or distributed as may be arranged between the
employer and his employees, or as may be determined by the commission,
or in the event of a difference of opinion, according to the rights of
the parties.

Where such an approved or certified scheme of compensation, benefit, or
insurance is in effect, the employer shall answer all inquiries in regard
thereto that may be required by the state industrial accident commission.
As to workmen's compensation insurance, see art. 101.

1922, ch. 492, sec. 130.

133. Penalties. Any person or corporation violating any provision
under this sub-title shall be guilty of a misdemeanor, and upon conviction
shall be punished by a fine of not less than fifty dollars, or more than five
hundred dollars, and the insurance commissioner shall have power to revoke
the license of any such person or corporation.

1922, ch. 492, sec. 131.

134. Inconsistent Provisions of Law Repealed. All laws or parts of
laws in conflict with the provisions of this sub-title, so far as companies
organized or admitted under said sub-title are concerned, are hereby
repealed in so far as they are so inconsistent; provided, however, that
mutual fire insurance companies organized prior to the first day of January
in the year nineteen hundred and sixteen and now lawfully doing business
upon the plan of taking deposit notes for a percentage of the amount
insured by its policies, and making a call or assessment thereon for expenses
and for the payment of losses only after such losses are incurred, may con-
tinue such system of business, and such deposit notes shall constitute the
entire liability of their members.

Reciprocal Exchanges and Inter-Insurers.

1922, ch. 492, sec. 132.

135. Reciprocal or Inter-Insurance Contracts; Exemptions. Individ-
uals, partnerships and corporations of this state, hereby designated as sub-
scribers, are hereby authorized to exchange reciprocal or inter-insurance
contracts with each other or with individuals, partnerships and corporations
of other states and countries providing indemnity among themselves from
any loss which may be insured against under other provisions of the laws
of the state, excepting life, health and personal accident insurance. Such
contracts and the exchange thereof and such subscribers, their attorneys and
representatives, shall be regulated by the provisions under this sub-title and
by no other law relating to insurance, unless such law is referred to under
this sub-title, and no law hereafter enacted shall apply to them, unless they
be expressly designated therein.