*1 ~FF~~EOF~EA'LTORNEY'G~NERALOF~~A~

AUSTIN Pear Stir ..,

sion next menti~mib r&a, that it

end oolleotad level p~dame, oontraoteQ

Eonorable 0. P. Lo&hart, Page P

no al& &se’sements~ ‘haW: sm?ip been needed~

or pada .,and that. the, probabflitle6. sre~ t&&t

no eaaesamenta vi.l.l. ever be'necided.

“Xq 1941. the Dompauy : snanded its aliar-

ter anix, br-lay 80’ as to ‘prvvlde .that

thenosf&th It oodld opera?% 88’8. legal

reserve iriutual. oomgmy; But it la stated

in the ‘Mm.ndod’eharter and.by-laws that the

amailments ‘were eff beted ,by the. Oompahy

without $bandoning.Its~right to operate

utqdei the other proe~,ai6ne .oi GsJiforni~

law uuder pihiah pr+vZouslg it had ‘been: ,tiy

ear orsted, lioansed and operatiingg ana

tha e further operations should be nith-

out &wgirrg or affecting In shy wag the,

old out stEinding poLieiee .

*It Is etated, that slnoe the amend-

ment a&l polloisa ,pow ‘fesuad, an& to be

issued in the rutu.26, are to be without

aaseeambnt poyera and upon the level pram-

ium, legal reserve ba,sis,’ providi.ng fok

unalterable sma oertalu In benefits.

520’ ‘We enoloa~+ hazewith &a-oer$iiied oopy of

9hq66~ aa amandatl and Bp4aw8 as amenbaa, whi,ah we iek you ts PebUn 6e w with polir

epiaien a8 to whe6har wdaP this plan OS

OQaqa6irm 6hfS ~qmkpany can 1awfuU.y .bS ad-

JtQe& to Texas as a mutwl ooapanp ‘opbrit

Fos on the old line ox? Legal rsrerve .ba~im* under ow ,br+la 475717.”

A%W.sle’ 6757, VQPIIM~~ Annotated Tetis GtrtZ Statubw ;, reada sis foli6wal

“No maoh. ftirei@~ life forrur&ee aim- panes, or ~3.We and aoaident, bealth~aixd ao1

oidan6, or ~life; health ana aaoident

inmarana~~ oompqny, shall traneaot any

bW&ien~ of inmrauae ia thl8 State, uulers

swh aompaqp ia poeserasd oi at leaat me

hundred thousand dollara of aotual~paid~ up

sash 5oney oapftal invested ia uuah tae’au-

rlbiaa ae~provlded under the laws of the

Btrafe, tiamitory Or oomtry Of its oree6ion.

JYa. mutW1 life ~inouranae OP auoidant izmm-

anae OaplPWi or llia.and aeoident, health

and aooidant,, o$ l.ir?, health and aooldent

iuaurataoe ‘ocm~paxty operatfng on the old’lina -of legal meerre basis, ahall traneaet any

b+aineas or ineu~~oa in thtrr State, unleae euoh aampesy Is posaeesed of at leant one

hundred t+oueand dollare of net eurplw

aaeet~s Invested in seaurities provided ror udar the Lawa of the State, terri6org or

oow6ry of its oreation.*