The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1871-01-23
Insurance and Immigration Two
New Departments or the State Gov.
ernment Proposed. a


In the House of Delegates on Saturday
Two Dllls were reported from committees
and placed on the calendar which are
one as Deing OF peculiar interest to the city
OF klcnmond, and the other as of vital i'm
portance to the whole Commonwealth. The
first Is for the establishment of a State In.
surance Department, and the second for
the establishment Of State Immigration
Department.. -
Insurance matters have claimed a Iaroe
share of the attention Of the Committee en-
Commerce Of the House for months past
and the schemes urged for the protection OF
the insurers and insured have been asinu-
merous as are the companies represented III
the State, if not as their solicitors. The bin
as reported is the product of many minds,
and nobody can lay any particular claim to
its paternity. It is very long, and we can
only present this morning cursory alb
stract of its provisions.
The bill provides for the appointment by
the Governor, subject to confirmation by
the Senate, of Commissioner of Insurance.
To this commissioner all insurance compa-
MES or agencies doing business in Virginia
must make annual report on the 3lSt of De-
cember. If the statement is satisfactory as
showing the company Is in a solvent condir
ton, the commissioner issues certificate Of
authority to the company. Companies
must have capital of 800, 900 OF over, safely
invested within this State. If the commis-
sioner considers any company not in per-
fectly solvent condition, from the facts as to
its financial condition set forth In its state
ment, he may suspend its business If
called upon by certain number of stock
or policy holders, he may make special eX-
animation into its affairss at the cost of the
company whose affairs are the subject OF
investigation. When all companies in the
State have complied with the provisions of
this act, the deposit law is repealed so far as
it applies to companies organized in States
which have, by legislation, relieved compa-
nies organized in Virginia from deposit. re-
qufrement, If transacting business within
such State. -- ....~;
The immigration bill prescribes what ap-
pears to be simple and effective machinery
for difusing information as to the resources
OF the State, and facilitating the introduce
ton and settlement OF immigrants at the
least possible cost to them. It provides for
State board Of eleven members, repre-
senting Richmond, Norfolk, Petersburg,
Danville, Lynchburg, Farmville, Staunton,
Alexandria, and Fredericksburg. The
members of the State board are to be ap-
capital semi-annually, and to have super
vision of all matters pertaining to immi-
grafton, and authority to enforce statutory
regulations governing the same.
Each city or town represented on the
State board to create by its council or
board of trustees local board, of which
the resident member Of the State board
| shall be president. The local boards are
to carry into effect, within the limits of
their respective districts, as comprised
within radius from the city or town
where local board is established, the regu-
lations prescribed by the State board. The
State and local boards are authorized to
provide for the registry and sale of lands
by the board, or its agents, or any licensed
land agent. Local boards will be required
to collect statistics on all matters vital to
agriculture, and the State board to con-
dense and present it to the Legislature an
nualIy in December.