Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1910-03-04
NEW FIRE INSURANCE LAW.

At it's last session, the general as
sembly repeated it's unsuccessful at
tempt Of 1906 to make the fire insur-
ance companies assist in the mainten-
ance of the fire departments of the
towns and cities in which they do bus
mess. The act Of 1906 was declared to
be unconstitutional, and the insurance
companies are trying to induce Gov
ernor Ansel to withhold his ap-
proval from the new act on the same
ground. Governor Ansel has the
new act under careful consider
alton and as to whether he will
sign it or not, will depend upon tine
conclusion he arrives at as to its con-
stitutionality. The text Of the act is
as follows:
Section l. That no foreign corpora
ton carrying on a fire insurance bus
mess shall hereafter engage in, carry
on, or do any fire insurance business
in this state save and except upon
compliance with the conditions in this
act hereafter imposed, as well as all
other conditions now or hereafter i'm
posed by law.
Sec. 2. Every fire insurance COM
pany, corporation, or association in
corporated under the laws of any
other state, or of any foreign govern
siring to engage in or carry on busi-
ness in this state, shall return to the
insurance commissioner just and true
account, verified by oath. that the same
Is a true account of all premiums re-
ceived from fire insurance business
done during the year ending December
81 in any incorporated city or town
of this state having, or that may have,
a regular organized fire department un-
der the control of the mayor and cOun-
Gil or intendant and council of said
city or town, and having in service
able condition for fire duty, fire appar
atus and necessary equipments belong
ing thereto to the value Of $1,000 and
upwards. Such returns must be made
By said companies, corporations, or
associations within 60 days after the
approval of this act, and thereafter
within 60 days after December 81 Of
each year.
Sec. g. Every fire insurance COM
pany foresaid shall, within 60 days
after the approval of this act, and
thereafter within so days after Decem-
Der 81 Of each year, deliver and pay to
the state treasurer the sum Of 81 upon
the 500, and at that rate upon the
amount of all premiums written on fire
within the limits of such incorporated
cities or towns during the year ending
December 81, in each preceding year,
or for such portion Of such period as
said company, corporation, or associa-
ton, shall have done business In this
state.
Sec. 4. Every such company, cor
poration. or association shall keep ac-
curate books Of account of all business
done by them on fire insurance within
A. nf inpnrnOrDtp6 cities
and towns, and in case fraud or dis
honesty in said returns made by such
company, corporation, or association,
as provided for in section or act, be
apparent, it shall be the duty of the
insurance commissioner to investigate
such returns and collect the amount he
shall find to be due.
Sec. ;. Every foreign fire insurance
company which shall neglect to keep
sucn books of account as aforesaid, or
shall fail or neglect to report or pay
over any of the money due on pre-
miums as aforesaid, at the time and
in the manner specified in the preced-
ing sections of this act or shall be
found upon examination to have made
a false return of business done by
them. shall for each such offense for
felt $500, to be applied to the same
purposes hereafter prescribed IN
section s.
Sec. g. In case Of making a default
in payment or in case of failure to
pay and satisfy any forfeiture adjudG-
ed to be due by the provisions OF this
act, the insurance commissioner shall
forthwith revoke the license of such
company. or corporation or associa-
ton. to do business in this state, and
after such revocation 1t shall be un-
lawful for such company, corporation
or association to do business In this
state: Provided, That the insurance
commissioner may, upon compliance
by such company, corporation or asso-
citation with the requirements Of this
act, permit II to do business in this
state.
Sec. /. That the state treasurer snail
pay over the amount collected upon
the premiums on business done in each
city or town from the foreign insur-
ance companies corporations or assO-
Citations doing business within the
cities or towns, having or that may
hereafter have a regular organized
fire department as aforesaid in section
. Of this act, to the treasurer of such
city or town: Provided. That all money
so collected from the foreign insurance
corporations or associa-
pies 5u uIqlIM ssouIsnq Su!op suo!(