RegistrY No. 1730-05 

NATIONAL RECOVERY ADMINISTRATION 

PROPOSED CODE OF FAIR COMPETITION 

FOR THE 

INSURANCE BROKERS 

INDUSTRY 

AS SUBMITTED ON AUGUST 30, 1933 

• I • I O ~ 

TORY 

The Code for the Insurance Brokers Industry 

in its present form merely reflects the proposal of the above-mentioned 

industry, and none of the provisions contained therein are 

to be regarded as having received the approval of 

the National Recovery Administration 

as applying to this industry 

UNITED STATES 

GOVERNMENT PRINTING OFFICE 

WASHINGTON : 1933 

For sale by the Superintendent of Documents, Washington, D.C. - - -

\ 

l I I 

- - Price 5 cents 
SUBMITTED BY 

'.rHE INSURANCE BROKERS' ASSOCIATION OF NEW YORK AND 

COOPERATING INSURANCE BROKERAGE ASSOCIATIONS 

(ll) 
CODE OF FAIR COMPETITION OF THE INSURANCE 

BROKERS, MEMBERS OF THE INSURANCE BROKERS' 

ASSOCIATION OF NEW YORK, INC., AND COOPERATING 

INSURANCE BROKERS' ASSOCIATIONS 

The insurance brokers, members of either The Insurance Brokers' 

Association of New York, Inc., or one of the cooperating insurance 

brokerage organizations, being in sympathy with the spirit and 

purpose of the National Industrial Recovery Act, present this Code 

to the President to forward the program leading toward the economic and business recovery of the United States, the necessity of 

which is stated in Title 1, Section 1 of the 'Act. 

DEFINITION 

This Code is intended to apply to insurance brokerage houses 

carrying on the business of insurance brokerage as their chief occupation, and is not intended to apply to insurance agents primarily 

acting as such but holding broker's licenses as an incident to their 

agency business. 

The Insurance Brokers' Association of New York, Inc., and cooperating Insurance Brokerage Associations affirm that they impose 

no inequitable restrictions on their members and that these organizations are truly representative of insurance brokers throughout the 

United States. 

(a) The following Insurance Brokers' Associations are cooperating 

with the Insurance Brokers' Association of New York, Inc., in filing 

this Code: 

Insurance Brokers' Association of Illinois. 

Insurance Brokers' Association of Massachusetts. 

Insurance Brokers' Exchange of San Francisco. 

Brooklyn Insurance Brokers' Association. 

Brownsville & East New York Insurance Brokers' Association. 

LABOR PROVISIONS 

As required by Section 7 (a) of Title 1 of the National Industrial 

Recovery Act, the following provisions are conditions of the Code: 

1. That employees shall have the right to organize and bargain 

collectively, through representatives of their own choosing, and shall 

be free from the interference, restraint, or coercion of employers of 

!abor, or their agents, in the designation of such representatives or 

in self-organization or in other concerted activities for the purpose of 

collective bargaining or other mutual aid or protection; 

2. _That no employee and no one seeking employment shall be 

required as a condition of employment to join any company union 

o_r to ref~ain from joi_ning, organizing, or assisting a labor organization of his own choosing; and 

9425-33 (1) 
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3. That employers shall comply with the maximum hours of labor, 

minimum rates of pay, and other conditions of employment, as 

outlined in this Code. 

l. Child labor.-After August 31, 1933, no person under sixteen 

years of age shall be employed, except that persons between fourteen 

and sixteen years of age may be employed for not to exceed three 

hours a day and those hours between 7 a.m. to 7 p.m., in such work 

as will not interfere with hours of day school. 

2. Hours of employment.-(a) Not to work any employees engaged in the business of insurance brokerage, except traveling representatives, for more than forty hours in any one week. 

(b) The maximum hours fixed in the foregoing paragraph (a) 

shall not apply to employees in a managerial or executive capacity 

nor to their technical assistants who now receive more than $35 per 

week; nor to employees on emergency work where the restriction of 

hours of highly technical workers would unavoidably hamper 

operations. 

3. W ages.-Employees engaged in the business of insurance brokerage shall be paid not: 

(a) Less than $15 a week in any city of over 500,000 population 

or in the immediate trade area of such city; 

(b) Less than $14.50 a week in any city between 250,000 and 

500,000 population or in the immediate trade area of such city; 

(c) Less than $14 a week in any city between 2,500 and 250,000 

population or in the immediate trade area of such city; 

( d) In towns of less than 2,500 population all wages shall be 

increased by not less than 20 percent, provided that this shall not 

require wages in excess of $12 a week. 

Errand boys and girls, and junior file clerks may be paid not less 

than 75 percent of the minimum wages above specified, and learners 

for a period of six months after employment may be paid not less 

than 75 percent of the minimum wages above specified. 

Population for the purpose of this agreement shall be determined 

by reference to the 1930 Federal Census. 

In submitting or subscribing to this Code, insurance brokers do 

not thereby agree to accept or to comply with any other requirements than those herein contained or waive any right to object to 

the imposition of any further or different requirements or waive 

any constitutional rights. 

This Code will become effective when approved. 

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