The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1899-02-22
FIRE INSURANCE COMPANIES.
Text Of Bill that Passed the House
Last Week.

Last Week.
After considerable discussion On
Thursday the House passed bill TO
prevent fire insurance companies, asso-
Citations or partnerships dcing business
in this State, or the agents Of said COM
panies, associations or partnerships
from entering into combinations to
make or control rates for fire insurance
on property in this State, and provid-
ing punishment for violation Of this
act. Followingis is the bill:
That il shall be unlawful for any fire
insurance company, association or part
nership doing fire insurance business
in this State to enter into combina-
tion or compact with other fire insur-
ance companies, associations or part
narships, or to require or allow their
agents to enter into any compact or
combination with other insurance
agents, companies, associations or part
nerships, for the purpose of governing
or controlling the rates charged for fire
insurance charged on any property in
this State: Provided. That nothing
herein shall prohibit one or more of
such companies from employing COM
mon agent or agents to supervise and
advise Of defective structures or sug
gest Improvements to lessen fire hazard.
That all fire insurance companies, as
sociations or partnerships doing fire
insurance business in this State shall
cause to be filed on the first day Of
March, 1900, and in each year thereaf-
ter, with tie comptroller general Of this
State, the affidavit Of some officer Or
agent of said company, association o.
partnership who resides III this State.
setting forth the fac, tina; the ccmpan
Of which he is an .fficer Or agent ha>
not in the y months previous to th'
cate of the said ainda.it cu1erco irt,
any trust, comoiuutiou or association.
tor the purpose Of preventing cun'reti-
ton IL Insurance rates IL this S az
Inc said aifd o,'sai! be made hc'"r'
>o,. e flee q Tbs S'itr u hurizru
,Gmi!.i.ter OK, s. ;i;;I as tl>e sln..
uen made iu ,&,,i a;il,v,t >haiI +,
,leemeG perjury, and punis;.ed by a fl.
0 not less |! al 500 Dor more than
81 900, and b. con6uemensln the peni-
,eDtiary for enc year, or, in the diScre
tior of the court. BY conference.-the Jail
for period Of no, less than 80 day.
nor mo.e than y months: Provided.
further That any attempt to evadc
this act, by agreeing upon any one per
son or number Of persons, for the pur-
pose Of making rates for ali such insur-
ance companies, association or partner
ships, Or by buying rate books made
by any person or persons, shall be
deemed violation of this act and shall
be punished as herein provided.
The comptroller general or other off
cial to whom said companies, associa
tions or partnerships are annually re-
quired to report to this State, shall
forthwith revoke and recall the license
or authority Of such company or com
panies, association or associations, part
nership or partnerships, to do or to
transact business in this State, for any
violation of this act, and no renewal Of
authority shall be granted to it for
three years after snch Official re voca-
ton: notice Of such revocation to be
duly published for one consecutive
week ia three or more daily papers
published in this State; and for a viola
tion Of any Of the provisions of this act
by any such company or companies, as
sociation or associations partnership or
partnerships, they shall on conviction
thereof pay fine of not less than $500.
1t shall be the duty Of the attorney
general or the solicitors upon his re-
quest to cause the provisions OF this
act TO be enforced
1t shall also be the duty Of the comp
troller general, or other official now
charged OF to he charged with the en-
forcemcnt Of the insurance laws of this
State, to require every ire insurance
company, association or partnership DO
ing fire insurance business within this
State, to file with the annual statement
made to him, state nent duly sworn
to by the manager or president ef each
company, association or partnership,
legally admitted in this State, that it
has not, in the yearintervening between
the issue Of its last license and that ap-
piled for, violated the conditions Of this
act.
This act shall be in force from the
day of 1900, and all acts or parts Of acts
inconsistent Herewith are hereby re-
neale1