Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-01-24
new INSURANCE LAWl|
Resolutions by the Board Of Trade
and Business Mems Association.
Our Representatives In tho s,n,e
Legislature Asked TO oppose the
mn cre"sln= u Dcpnrtmen, OF
Insurance.

The bill now pending in the Virginia
Legislature to create Department. of
Insurance, ETC., as hereinafter stated,
will probably have strong opposition,
as some OF it's provisions appear to be
Objectionable to the representatives OF
the business interests OF the State.
BOARD OF TRADE OPPOSES.
The proposed bill was discussed Mon
day night by the Committee on Legis-
lation of the Norfolk Board of Trade
and Business Mems Association, and u
resolution was passed as follows:
Whereas there is q bill now pending
In the Virginia Legislature ITO create
a Department of Insurance, to provide
for the election iof Commissioner of
insurance, and to regulate fire and
other insurance companies, and to pro-
vide revenue;" and,
whereas, the Board of Trade and
business Mems Association of Norfolk
believes the enactment of such q law
would be detrimental to the interests
of our city. therefore be it
Resolved. That our representatives in
the Legislature of Virginia be respect
fully urged to vote against the bill now
pending; but If not willing to vote
against the bill as an entirety, we re-
quest that they will certainly vote
against sections 80 and 81 Of said bill,
believing, as we do, that such sections
are inconsistent with the Wharton law.
which has been of great benefit to those
who have been obliged to aDpIy for In,
surance.
THE OBJECTIONABLE SECTIONS.
The Objectionable sections are fol-
lows:
SECTION %.
Every person, who, either as Drlnci
pal or agent. or pretending to be such.
shall Solicit examine or INSPECT any
risk, or shall examine into adjust or
aid in adjusting any loss or shall re-
ceive, collect or transmit any premium
OF insurance, or shall do any other act
In the soliciting, making or executing
any contract OF insurance OF any kind
otherwise than this act permits. shall
be deemed guilty of n misdemeanor.
and on conviction shall nay n fine of
not less than two hundred dollars or
more than five hundred dollars. one
half to go to the Sheriff or informant.
or to be imprisoned not less than one
or more than two years. or both, at the
discretion of the court.
SECTION94.
1t shall be unlawful for any fire in
surance company, association, or part
nership doing fire insurance business
in this State to enter into any com
pact or combination with other fire in
suroncc companies, associations. or
partnerships for the purpose of govern
Ing or controlling the rates charged for
fire insurance on any property in this
State: Provided. that nothing herein
shall prohibit one or more of such COM
panies from employing n common agent
or agents to supervise and advise OF de-
fective structures or suggest improve
ments to lessen the fire hazard; nor to
prohibit local agents from making
equitable ratings on different classes of
property within the territory or jurs-
diction of such agents
This. 1T will be noted. repeats the
wharton Law" entirely. No penalty
whatever is attached to it, and the com
panies can make as many combinations
ms they choose. by compelling their
agents to do So