The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-10-04
FIRE WASTE BILL
Go m missioner Young
Says Insurance Rates
are Reduced Be-
cause of Law.
He Says the Saving in Insurance Pee
miums in Raleigh Alone Will
Amount to Between $4,000
and $4,000 Annually.

state Insurance Commissioner.
Young. yesterday gave out the follow
ing statement that will interest all
people who have property to insure in
the larger towns in the State:
AT a recent session of the General
Assembly there was enacted a bill
known as the Fire Waste Bill regulat-
ing the erection of buildings and re-
quiring that all buildings in incorpor
ated cities and towns of a certain class
should be inspected. There mas been
considerable discussion in regard to
This bill and its enforcement. l have
SISTED all the time that the law
properly enforced would not only
greatly reduce the fire waste of the
state and save much property to the
citizens of the State and taxable
property of the State, counties and
cities, but that it would result in q
reduction of the insurance rates L
am therefore much gratified that af-
ter having taken up the matter with
the insurance companies that they
have promulgated the following rule:
Whereas, the insurance laws Of
the State of North Carolina, especially
those relating to the official investiga-
ton of fire and the punishment of the
crime of incendiarism and for the pre-
vention of fires. have always been re-
CogniZed by the fire insurance COM
panies as helpful to the business and
so important a factor as to Justify q
reduction of rates therefor, be it re-
solved. in view of the enactment by
the last Legislature of North Carolina
of what is known as the Fire Waste
BILL" which provides a standard for
the construction of buildings and for
an intelligent and efficient system of
tons be issued, and a further feduc-
ton IN rates granted as follows:
-. On all mercantile buildings and
hotels land the contents thereof +,
with metal, slate, tile or other APP
proved fircoroOf roofs: Il reduction
from tho basis rate of ten cents or
one dollar on the thousand dollars. on
all churches. schools and public build
ingS (nnd the contents thereby, with
metal, slate, tile or other approved
1ire-proof roofs. a reduction from the
basis ratio Of five cents or fifty cents
on the thousand dollars.
80. That the Secretary be directed
to call to the attention of all rating
men and loyal agents in North Caro-
lima that by strict compliance with
the requirements of this law, the prop
erty-owners will be given a further re-
duction in fire insurance rates, mas
much as its enforcement eliminates
the following deficiency charges to
new buildings: NCn-standard walls,
defective chimneys, fues aud fire
places, unsafe steam and stove pipes,
improper electric wiring, defective
parapet walls. accumulation of ashes,
lime or other inflamnable material or
waste.
SO. That the attention of agents and
representatives of this Association is
especially called to the fact that the
above reductions must not DC made
or allowed in am city or town not
properly enforcing this law in regard
to tho erection and inspection of
buildings. and the making and keep
ing open for inspection proper records