The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-07-01
In the following language, syts,; q;

the Sfollo wing u anguaGe,&fytsi,
8.1 BE IL enactedsb by the GeneralsAs-
8sembly of Virginia., as followst That
aSbureau of insurance be,band the same
Sis hereby q tablished, within the de7
5partment and subject to- the. superXi-
aion and control of the State. CORPORA
ton Commission. which burehu shall
be charged with the execution, under
the supervision and control ptt9thot said
scoMmisalon.5o OF all laws now In foroo,
or which may be hereafteraenaoted,
relative reinsurance, andsto insurance,
guaranty, trust, indemnity fidelity and
security q companiea and cancellations,
sioes every character and nature, and
fraternnlS andRother beneficiary orders
and socleties;8 and all such companies,
associations. Bocieties and orders, dos
Il nlestic,Storeign and allen, now trans
acting orEEtoRbe admitted to- transact
business in this State, are ss.5lhere-
aance, and shall he subject toSthe In
spectlon$sand supervision OF the State
Corporation Commission through SAD said
bureau Ut s5a 3s @s5 %sS5
'22.. The said bureau shall he EknoWln'
as the bureau o. Insurance Of sYytr--,
ginia, and its Chief officer shall be,
known Eas the Commissioner of 3Inr.
surnnce,'s whose term 3of oftce sshpll
be four years. The office of,ssthe& Cons.
missioner OF Insurance shall be los
Gated IN the city OF Richmond, and
the State Corporation Commission
shall assign to- him suitable Offices
for conducting the business OF the
said bureau. /
4 ""8. TheEC Commissioner OF Insurance,
shall he elected by the Joint vote OF
the two houses Of the General Ass
aSsmbly. and he Hhallg hold office until
HIS SUCCESSOR Is duly elected. cons
Smtssioned and squnllhed. unless sooner
removed for cause. aH hereinafter&in
this chapter $provided,t The said
Commissioned Of Insurance provided
for hereunder shall. before entering
upon the fdisoharge OF his duties,
equality before the State Corporation
Commission by taking the o.athls re-
q,uireed by the Constitution aud ne.
laws Of this State, and shall give
bond In the penalty OF ten thousand
dollars. IN such FORM and with suchl
security az shall be approved by the
+ state Corporation Commission, cons.
ditioned for the faithful performance
az his duties. al The said qaths and.
bond shall be filed In the office OF the
State Corporation Commission and
recorded on the minutes Sof Its pro-
sceedings. The Arst Commissioners o.
Insurance under this ssact shall pc
elected by the Joint vote OF the Two.
houses OF the present N General as
sembiy. and his successor IN once
sha|l hes elected by the Joint yote.o o.,
the two houses OF the General as AZ
sambly In the month Of January,
nineteen hundred and ten, and In the,
month Of January every ouf years
hereafter
nnThe Commissioner OF Insurance,
hareln provided for shall appoint =
deputy, who shall be subject 70 re-
naval at pleasura by the commits
sIoRerI and who shall possess oil ne
powers and perform all the duties az
tached BY law to- the Office OF com
missloner during q vacancy IN spoh
onloe. and during tho absence, tnnpll-
itysny suspension OF his principal, Flhe
commissioner shall be responsible Tor
the acts OF his deputy, fix his salary,
and require him to perform the auties
of chief clork Of the department.. Ile
deputy shall before entering upon tho
duties iof his office, tAke the gam
prescribed IN this ssaflon, and tho cons
missioner may require him TO execute
i bond, condit,onedb for the falthfnl
performance OF his dltiss, iinGthe sum
az five thousand dollars. Tho Gon|T
missioner OF INSURANCE shANN apRolRI