Chapter 26. To amend section six hundred and forty-seven, chapter eighteen, Code of Law for the District of Columbia, relating to annual statements of insurance companies
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CHAP. 26.— An Act To amend section six hundred and forty-seven, chapter eighteen, Code of Law for the District of Columbia, relating to annual statements of insurance companies. August 18, 1911.[[S. 1785](/us/bill/62/s/1785).][[Public, No. 25](/us/pl/62/25).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, * District of Columbia.Code amendment. That section six hundred and forty-seven, chapter eighteen, Code of Law for the District of Columbia, be, and the same is hereby, amended to read as follows:
" “Sec. 647. Insurance companies.Annual statements required.Vol. 81, p. 1290, amended.Requirements extended.Publication. Annual Statements.— The said superintendent shall furnish, in December of each year, to every insurance company or association, local, domestic, and foreign, doing business in the District of Columbia, or its agent or attorney in the District, the necessary blank forms for the annual statements for such company or associa-23tion, which shall be returned to the superintendent on or before the first day of March in each year, signed and sworn to by the president or vice president and secretary or assistant secretary, or, if a foreign company, by its manager or proper representative within the United States, showing its true financial condition as of the next preceding thirty-first day of December, which shall include a statement of its assets and liabilities classified according to regulations made by the Superintendent of Insurance on that day, the amount and character of business transacted, losses sustained, and money received and expended during the year, and such other information as the said superintendent may deem necessary Such annual statements shallPublication. be printed in at least one daily newspaper published in the District of Columbia, in the month of March in each year; and any such company or association failing to comply with the provisions aforesaid shall have its license to do business in the District revoked.
” " Approved, August 18, 1911.