ALBERT C. RITCHIE, GOVERNOR 1101

Every policyholder of a domestic company, and every policy-
holder hi 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 return of premium declared and pay-
able thereon, unless in the meantime such dividend or return
lias been paid in cash or applied in payment of the premium
on the renewal of the policy.

If it appears to the insurance Commissioner after an exami-
nation made by him, or by an examiner appointed by him, that
the assets or capital of any mutual insurance corporation are
insufficient to justify its continuance in business, he shall
determine the amount of such deficiency and issue a written
requisition to the officers of the corporation 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 corporation at its home office as specified in its charter.
Upon the service of such requisition the directors of the cor-
poration 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 lo.sses accruing upon new risks taken after
the expiration "of such time and before such deficiency shall
be made good, the directors of the corporation shall jointly
and severally be personally liable therefor. If such deficiency
shall not be made good within the time specified in such requisi-
tion and satisfactory proof thereof filed with the Commis-
sioner, the corporation shall be deemed insolvent and may be
proceeded against as an insolvent corporation in the manner
authorized by law.

154R. The members of any mutual insurance company
writing workmen's compensation or liability insurance con-
tracts may make reasonable rules and regulations, not in con-
flict 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 em-
ployees on the premises of the employer members, and they
may impose fines and forfeitures for the violation of any such
rules and regulations. Such rules and regulations and fines
and forfeitures shall be submitted to the State Industrial
Accident Commission and. when approved by it, shall be en-