The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1919-04-24


! located IA shis state. shail Sc with n
> insurance rnfnniistronet a copy 81 N
articles If agfcrnctsi. ASSOCIATION OF "
corporation and the bylaws and !
amendments thereto under which sac
person. association ot bureau. herein
/ after referred % AZ a rating organiEs
! ton, operates OF proposes 10 opcrsi,
Together with his or its business addrcs
and list 81 the members or INSURANCE
corporations represented nr 70 We rep
resented hy him or Il. as well a. svcl
ether Information concerning such rat
ing organization and its operations a
may be required by the commissioner
I Sec. , Every rating organization
whether before or after the flng nf III
information specified IN the las, prcced
me section, shali be suhjec, 10 vista
ton, supervision and examination y,
the insurance commissioner a. often Al
he deems espcdicnt. including the powei
20 examine under oath the officers %
agents and all persons deemed TO hay,
material information regarding the husi
ness or manner Of operation by ever,
such organization
Sec I. Each rating organization
shall file with the insurance commits
sioncr whenever he may call therefor
any schedule ~ rates or such other m
formation concerning rates as may be
suggested. approved or made by any such
organization.
Sec. 4 A rating organization or any
person, association or corporation
authorized 10 transact the business OF
insurance within this state shall not fix
or make any rate or schedule Of rates
or charge rate which discriminates
unfairly between risks within this state
of essentially the same hazard or, IL
such rate be FIRE insurance rate. which
discriminates unfairly between risks in
the application OF like charges or
credits or which discriminates unfairly
between risks Of essentially the same
hazards and having substantially the
same degree OF protection against fire.
Whenever il is made to appear to the
satisfaction OF the insurance commits
sioner that such discrimination exists,
he shall, after full hearing, order such
discrimination removed; and all such
persons, corporations, associations or
bureaus affected thereby shall imme-
diately comply herewith; such persons.
corporations, associations or bureaus
shall not remove such discrimination by
increasing the rates on any risk or
class of risks affected by such order
unless it Is made to appear to the salts
faction of the insurance commissioner
that such increase is justihable.
Sec. S. A rating organization shall
not charge any licensing, registration,
certihcation or membership fee to brok-
crs who shall have been or hereafter
may be licensed or authorized as such
pursuant to the provisions OF this act
nor shall any such rating organization
or any other person, corporation, asso-
citation or bureau or any two or more
persons, associations, or corporations
authorized to transact the business OF
insurance within this state, acting in
agreement refuse to do business with
or to pay commissions to any person
who may be licensed or authorized as
an insurance broker, pursuant to the
provisions of this act, because such a
broker will not agree to secure insur-
ance only at the rates of premium fixed
by such rating organization or the par
ties to such agreement
Sec. 6. Every such rating organiza-
tion shall keep careful record of its
and shall furnish upon de-
mand to any person upon whose property ,
or risk a rate has been made, or TO his !
authorized agent, full information as
10 such rate, and, if such property or
risk be rated BY schedule copy of
,uch schedule; Il shall also provide such
means as may be approved by the in
'urancc commissioner whereby any per-
ION affected by such rate or rates may
,e heard, either in person or by agent,
,cfore the governing or rating commit
ee or other proper executive OF such
rating organization on an application
or a change in such rate or rates. A
,erson who feels aggrieved by any rate
ixed or made by person. corporation,
association or bureau on any risk
coated in this state may complain, il
UGH complainant be affected by such
ate, to the insurance commissioner who
hall call a hearing before a board con-
listing Of the insurance commissioner
s chairman, the auditor Of accounts and
third party to be named by the person,
association or board maxi
ng the rate; and if it appears to them
hat the rates charged are excessive,
hey shall fix reasonable rate and the ,
ate so fixed shall be binding on all COM
anies doing business in this state. The /
ction Of said board in this regard shall
e subject to review by writ of GER {
orari, and disputed questions of fact as /;
,ell as of law shall be thereby re-
iewod. I
Sec. ?. This act shall not apply to Z
ny contract of life insurance, nor to
ny contract of insurance upon or in
with marine or transporta-
on risks or hazards other than con-
acts for automobile insurance, nor to
,ntracts of insurance upon property or
SKIS located without this state.
Annroved Anrtt A mn