14 THECUBAREVIEW 



the terms and conditions of the poUcies, the insurance rates, the estimated reserves and life 

 payments, the manner in which the contracts of insurance are entered into and the renewals 

 thereof, their duration and manner of parformance, etc.; and said companies shall comply with 

 the suggestions and modifications which are proposed to them by the Secretary of Agriculture, 

 Commerce and Labor, providing they are in accordance with our Laws and regulations. 



(e) The Secretary of Agriculture, Commerce and Labor, when he believes that insurance 

 companies are not complying with the principal requirements of the Law and that failure to 

 so comply may in time result in their not fulfilling the obligations they have assumed, shall de- 

 mand through the representatives of the company in the capital, granting a reasonable time 

 for compliance, that the company shall remedy the defects he has found, and if within the given 

 period of time, the insurance comj^any fails to remedy the defects found, the Secretary of Agi-i- 

 culture. Commerce and Labor shall proceed to cancel and revoke the right of said company to 

 insure, and he shall communicate the same to all the Judges of the First Instance for the 

 purposes of Article Tenth of these reg"alations ; 



(/) When the defects found are of such character that it is manifest the purpose was to 

 avoid the compliance with the contracts entered into, the Secretary of Agriculure, Commerce 

 and Labor shall immediately proceed to cancel and revoke the right of insm-ance, communi- 

 cating the same to the Judges of the First Instance; 



(g) From the decisions of the Secretary of Agriculture, Commerce and Labor relating to 

 such matters, an appeal may l^e taken as provided by Law, l)ut when tiie Secretary of Agi-icul- 

 ture, Commerce and Laljor deenas ])rojjer, and by means of a decree, he may compel compliance 

 with his decision, notwithstanding the appeal taken therefrom; 



(h) The insurance companies shall submit in the month of January in each year to the 

 Secretary of Agriculture, Commerce and Labor, a detailed report of their operations relating to 

 the Workmen's Com]3ensation Law; 



(i) The Secretar}' of Agricultiu-e, Commerce and Lal)or shall not gi-ant the necessary 

 authorization to foreign insurance companies until they have notified him in writing that they 

 are registered in the Mercantile Registry of the capital, (Havana) and that they have an agent 

 or representative in the same with all the powers necessary to enable him to comply with the 

 requirements of the Workmen's Compensation Law and with these Regulations, and with a 

 permanent place of residence; 



(j) When the Secretary of Agricultiire, Commerce and Labor learns that this agent or 

 representative has for any reason quit his office, he shall give notice addressed to the office 

 which the company maintains in Havana, and if it does not maintain any such office he shall 

 publish such notice in the Gazette, granting a reasonable and sho>-t time in which to appoint 

 a new representative, and if such company should fail to do so within the said fixed period, the 

 said Secretary shall cancel its contracts ol insurance in the manner already stated; 



(k) In addition to the guarantee referred to in Article Ninth the insurance companies 

 shall be obliged to invest fifteen per cent of tiieir assets in real estate, situated within the 

 ReDublic; 



Article Fifteenth: The employers or the heads of the industries or enterprises which, in 

 accordance with .Aj-ticle Fiftieth of the Law, wish to directly assume the obligations imposed 

 by the Workmen's Compensation Act, by obtaining previous authorization from the President 

 of the Republic, shall do so through the Secretary of Agriculture, Commerce and Labor, upon 

 giving evidence that they are within the limitations established l)y Article Fiftieth. 



To this end they shall present in the said proceeding before the Secretary of Agiiculture, 

 Commerce and Labor, (and so that a note may be made thereof) the title deeds corresponding 

 to the property which they propose to furnish in guarantee of the fulfillment of their obliga- 

 tions; (and for the purpose of filing with the papers in the said proceedings) they shall present a 

 certificate of the Register of Property that said property is registered in his name, and that 

 there is no incumbrance of any kind whatsoever upon it, and they shall likewise present a 

 certified copy from the office of the Register of Property, of the deed in w^iich the mortgage 

 has been constituted in accordance with the provisions of Article Fiftieth of the Workmen's 

 Compensation Law, Avhich deed or mortgage may have been accepted by any District Attorney 

 of the Republic in the name of the Government, and without said person accepting said deed, 

 incurring any liability whatsoever by reason of having accepted the same. 



