Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1901-02-25

The following text of three very i'm
portant measures, passed by the Legis-
lature, will be Of especial interest to
business men throughout the State:
The Revenue Bill.
i. Every person who shall so far
represent any Insurance Company do
ing business in this or any other State
as 20 receive or transmit application
for insurance risks in this State, or
who shal receive for delivery policies
OF insurance founded on applications
forwarded from this State or policies
or insurance in respect of persons re-
siding within this State, or property
located in this State, shall be deemed
as acting as agent OF such company,
and shall apply for and secure a license
as such agent in accordance with sec
ton 2 of chapter "a of the Code of
1899 of the State of West Virginia.
"2-Every person who shall receive
or collect directly or indirectly from
any Insurance Company or agent
thereof, a commission or other COM
%pensation in respect of any policy OF
insurance of risks in this State. shall
\ w NAi bhC d6thl VI CuNu tOLuHauN
and shall apply for and secure a Ii
eense as such agent in accordance with
section 2 of chapter "a of the Code of
1899 of West Virginia.
"3-Any person resident of this State
who shall act as agent of any insur-
ance Company, or receive or collect
directly or indirectly from any Insur-
ance Company, a commission or other
compensation in respect of any policy
of insurance OF a risk in this State, as
provided for in the preceding sections,
without having first secured a license
as an insurance agent. as required by
section 2 of chapter 81 of the Code of
1899 of West Virginia, shall be guilty
of a misdemeanor and upon conviction
in any court in this State shall be pun
ishable by a fine of not less than TWEEN
ty-five dollars nor more than n hun
bred dollars"
The Corporation Bill.
"A Bill to amend and re-enact sections
one, seven, eight, nine, ten, eleven
and thirteen Of chapter t~hirty-four
of the Code OF West Virginia con-
corning insurance, telegraph, tele-
phone and express companies.
That sections one, seven, eight,
nine. ten, eleven and thirteen OF chap
ter thirty-four of the Code Of West Vir-
ginia be amended and ~re-enacted so as
to read as follows:
4. Every insurance. telegraph, tele-
phone or express company having its
principal place of business in this
State and incorporated by an act of
the general assembly of Virginia pass
ed before the twentieth day of Jupe,
one thousand eight hundred and sixty
three or heretofore or hereafter incor-
porated under and pursuant to any act
of the Legislature OF this State, shall
be deemed a domestic company; and
every other insurance, telegraph, tele-
phone or express company a foreign
company.
Z. Every foreign insurance, tele-
graph. telephone and express company
doing business in this State, or the
agent or agents thereof, shall annually
make returns to the Auditor as fol-
lows: Provided, that where there are
several agents Of any such company in
this State, the returns may be made
by any one of them on behalf OF all.
and provided further that this act
shall not apply to telegraph lines own
ed and operated by railroad compa-
MES for railroad purposes only.
IS. If such returns be made on be-
half of any insurance they
shall show the amount OF risks. on ali
insurance made. renewed or negotiat-
ed within this State or on any subject
Of insurance within this State, on be-
half of such company during the pc
Rod for which the said returns relate.
-. II the returns be made on be-
half Of a telegraph or telephone ON
pany they shall show the full number
Of miles Of telegraph or telephone line
used or operated by the said telegraph
or telephone company within this State
during the period for which such re-
turns relate, but in ascertainfng said
mileage no more than one line OF wire
shall be counted or measured.
10. II the returns be made on be-
half of any express company
they shall show the full num-
Der Of miles OF road used
or operated by said express company
within this State during the period to
which such returns relate.
1.-THE said returns shall be made
within twenty-one days after the first
day of February in every year and
shall include the full amoun OF all
risks Of insurance. either written or
renewed, for the full number Of miles
Of road used or operated by said ex-
press company, or the full number OF
miles of telegraph or telephone line
used or operated by said telegraph or
telephone company during the twelve
months preceding the first day Of jan
uary In that year. a returns so
made shall be verified by the affidavit
of the officer or agent making the
same.
"13-At the time of making such
returns by any foreign insurance, tel
egraph. telephone or express company,
the officer or agent making the same
shall pay into the treasury Of the State
for each insurance company. telegraph,
telephone or express company. a IL
cense tax as follows: For each insu-
rance company a tar on the total
amount of all risks written within the
Skkte IS follows: Fire insurance com