Public Law 52–321

That any insurance company, building association or company, banking company, savings institution, or other company or association advertising for or receiving premiums, deposits, or dues for membership, incorporated under the laws of any other State, Territory, or foreign government, and transacting business within the District of Columbia, shall publish in at least two daily papers printed in the District of Columbia semiannually, during the months of March and September of each year, a full statement, under oath, showing their capital stock and the amount paid in on account of the same, assets, liabilities, debts, deposits, dividends and dues, as well as their current expenses during six months ending January and July preceding.

Sec. 2.

That any such company, association, or institution failing to

Penalty for failure.

publish statements as required by the first section of this act shall forfeit its right to do business in said District, and thereupon it shall be the duty of said Commissioners to revoke its license or permit to do business in said District: Provided, That fraternal beneficiary associations or societies doing

Proviso.

Fraternal. etc., societies excepted.

business on the lodge plan and paying death benefits be exempted from the provisions of this act.