The National Live Stock Insurance Company of St. Louis, Missouri, may be admitted to operate in Indiana as long as it complies with Indiana's statutes relating to live stock insurance.

INSURANCE-NATIONAL LIVESTOCK INSURANCE COM- PANY, OF ST. LOUIS, MISSOURI. April 16, 1907. Hon. John C. Billheimer, Auditor of State, Indianapolis, Indiana: Dear Sir-I am in receipt of your favor of the 10th inst., ask- ing whether a partnership, under our law, can operate in Indiana as an insurance company and do a general insurance business. You enclose certain literature published by the National Live Stock Insurance Company of St. Louis, Missouri, together with their live stock insurance contract. You state that this company is an unlimited partnership. I infer your inquiry is confined to partnerships attempting to write only live stock insurance in this state. The statute govern- ing this class of contracts (Burns' Stats. 1901, section 4955) con- tains this requirement: "The provisions of this act shall apply to all individuals and parties, and to all companies and associations, whether incorporated or not, now or hereafter engaged in the issu- ance of live stock, except mutual companies organized by the farmers of this state, aid it is unlawful for any cor- poration or association, whether organized in this state or elsewhere, either directly or indirectly, to engage in the business of insuring live stock or enter into any contract substantially amounting to insurance on live stock or in any manner to aid therein, in this state, without first hav- ing complied with all the provisions of this act." Section 4947 prescribes certain conditions to be performed before foreign companies can do an insurance business in Indiana. I am of the opinion, in the light of the above sections of the statute, that the National Live Stock Insurance Company may be admitted to operate within this state, upon complying with the provisions of the statutes of Indiana relating to live stock in- surance. INSURANCE-TRANSFER OR. REINSURANCE OF RISKS IN SOME OTHER COMPANY. April 15, 1907. Hon. John C. Billheimer, Auditor of State: Dear Sir-I am in receipt of your communication of the 11th inst., asking for my interpretation of section 25 of the act of the