Registry No. 1730-03 

NATIONAL RECOVERY ADMINISTRATION 

PROP·OSED CODE OF FAIR COMPETITION 

FOR THE 

CASUALTY AND SURETY INSURANCE 

INDUSTRY AND J\LLIED ACTIVITIES 

AS SUBMITTED ON AUGUST 31, 1933 

The Code for the Casualty and 

Surety Insurance Industry and Allied Activities 

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 approvalJof 

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. • - - - - - - - Price 5 cents 
SUBMITTED BY 

ASSOCIATION OF CASUALTY AND SURETY EXECUTIVES 

(D) 
CODE OF THE COMPANIES MEMBERS OF THE ASSOCIATION OF CASUALTY AND SURETY EXECUTIVES AND ITS 

AFFILIATED ORGANIZATIONS 

The Association of Casualty and Surety Executives and its affiliated 

organizations, being in sympathy with the spirit and purpose of the 

National Industrial Recovery Act, presents this Code to the President 

to forward the program leading toward the economic and business 

recovery of the United States, the necessity for which is stated in 

Title 1, Section 1 of the Act. 

ARTICLE I-APPLICATION OF CODE 

The Association of Casualty and Surety Executives affirms that it 

imposes no inequitable restrictions on its members and participation 

in its activities, and it is truly representative as a national association 

of casualty and surety insurance companies operating on the stock 

plan. 

Its membership, in whole or in part, maintains, supports, or subscribes to insurance rating bureaus and associations, all of which 

come within the purview of this Code. 

The operation of the business of casualty and surety insurance and 

its allied activities are rigidly controlled by the laws of the several 

states which are not rescinded or set aside by the National Industrial 

Recovery Act. Nothing herein shall obligate the companies, members of the Association of Casualty and Surety Executives, to any 

action, agreement, or understanding prohibited by the laws of any of 

the states. 

ARTICLE II-LABOR PROVISIONS 

1. 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 labor, 

or their agents, in the designation of such representatives or in selforganization or in other concerted activities for the purpose of 

collective bargaining or other mutual aid or protection. 

2. No employee and no one seeking employment shall be required 

as a condition of employment to join any company union or to refrain 

from joining, organjzing, or assisting a labor organization of his own 

choosing; and 

3. Employers shall comply with the maximum hours of labor, 

minimum rates of pay, and other conditions of employment approved 

or prescribed by the Presjdent. 

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, provided, however, that where 

a State Law prescribes a lower runimum age no person shall be 

employed in such State below the age specified by such State Law. 

9679-33 (1) 
UNIVERSITY ~ F FLORIDA 

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ARTICLE III-HouRs OF EMPLOYMENT 

(a) Not to work any employees engaged in the business of insurance 

for more than 40 hours in any 1 week, except outside representatives 

consisting of adjusters, appraisers, auditors, collectors, investigators, 

inspectors, service engineers, special agents, solicjtors, raters, an<l 

employees handling mortgages and real estate, whose time and duties 

for the n1ost part are outside of the office. 

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

not apply to employees in a ma.nagerial or executive capacity and to 

their technical assistants who now receive n1ore than $35.00 per week; 

nor to guards and watchmen employed to safeguard securities; nor 

for an aggregate period not exceeding eight weeks in any one year to 

employees on emergency work incident to the preparation of annual 

statements or special data required by the respective states in their 

supervision of the insurance business or to extra work in offices on 

account of an unusual number of loss claims or to special work where 

restrictions in hours of highly technical workers would unavoidably 

hamper ·operations. 

ARTICLE IV-WAGES 

Employees engaged in the business of insurance shall be paid not1. (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 dty; 

(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. 

2. (a) Messengers may be paid not less than 7 5 percent of the 

minimum wages above specified. 

(b) Junior file clerks for a period of six 1nonths after en1ployment 

may be paid not less than 7 5 percent, of the minimmn wages above 

specified. 

Employees referred to in Sections 2 (a) and 2 (b) shall not exceed 

10 percent of the total number of employees. 

ARTICLE V-GENERAL 

Population for the purpose of this agreement shall be determined 

by reference to the 1930 Federal Census. 

The provisions of this Code may, upon petition of the Association 

of Casualty and Surety Executives, be moct.ified, ·with the approval 

of the President, as changes in cfrcumstances or experience may 

indicate. 

This Code shall beconie effective when approved. 

ASSOCIATION OF CASUALTY AND SURETY EXECUTIVES, 

By F. RoBERTSON JONES, General Manager. 

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