Section 2
SEC. 2. Section one hundred and eighty-seven of Act Numbered Twenty-four hundred and twenty-seven as amended by section nine of Act Numbered Thirty-one hundred and fifty-two is hereby further amended so as to read as follows: "SEC. 187. No fire or marine or miscellaneous insurance company, whether foreign or domestic, shall insure on any one risk or hazard to an amount exceeding ten per centum of its net assets, unless it has provided for reinsurance of the excess over aid limit to take effect simultaneously with the original contract: Provided, however, That in case of any company is protected in any single fidelity or surety risk or hazard in excess of ten per centum of its net assets by: "(a) Deposit with it in pledge or conveyance to it in trust for its protection of money or property; or "(b) Conveyance or mortgage for its protection; or "(c) Deposit or other disposition, in cases suretyship obligation was made on behalf, or on account of, a fiduciary holding property in a trust capacity, of a portion of the property so held in trust that no future sale, mortgage, pledge or other disposition can be made thereof without the consent of such company, except by a decree or order of a court of competent jurisdiction."