Chap. 220.—An ACT to Provide for the Valuation of Life Insurance
Policies.

In force March 25, 1873.

1. Be it enacted by the general assembly, That, until the es.
tablishment of a regular insurance department in this state, i
the auditor of public accounts is authorized, and he is hereby v
required, at the request of any life insurance company char-
tered under the laws of this state, to make, or cause to be
made, a valuation of all policies of such company, in force on x
the thirty-first day of December in any year, at the expense of 4
said company, and keep a record of the same in his office, and r
certify the same at the request of such company. The said 4
valuation shall be made upon the basis of the American table
of mortality, and at four and one half per centum interest.
2. No life insurance company, chartered under the laws of
any other state, whose insurance department refuses to receive
as valid, the valuation of the policies of any life insurance
company of this state made under this act, shall do business
in this state, until there shall have been made, at the expense
of such foreign life insurance company, under the direction of
the auditor of public accounts of this state, a special valuation
of its policies in force.

3. This act shall be in force from its passage.