Weekly Caledonian. (St. Johnsbury, Vt.) 1919-1920, 1919-04-23

located in this state. shall file with tn
insurance commissioner a copy Of III
articles of agreement. association or III
corporation and the bylaws and al
amendments thereto under which sicl
person, association or bureau. herei,
after referred to as a rating organ1a
ton, operates or proposes to operate
together with his or its business addrcs
and list OF the members or ins,1ranc,
corporations represented or to he rep
resented by hin, or it. as well as sucl
other information concerning such rat
ing organization and its operations a,
may be required by the commissioner
Sec. , Every rating organization
whether before or after the filing OF til,
information specified i'll the last proceed
ing section, shall be subject to vista
ton, supervision and examination by
the insurance commissioner as often as
he deems expedient, including the power
to examine under oath the officers OF
agents and all persons deemed to have
material information regarding the bust
ness or manner of operation by every
such organization.
Sec 3. Each rating organization
shall file with the INSURANCE. commits
sioner whenever he may call therefor
any schedule of rates or such other in
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 to transact the business OF
insurance within this state shall not fix
or make any rate or schedule of rates
or charge a rate which discriminates
unfairly between risks within this state
of essentially the same hazard or, if
such rate be fire insurance rate. which
discriminates unfairly between risks i'll
the application of like charges or
credits or which discriminate unfairly
between risks of essentially the same
hazards and having substantially the
same degree of protection against fire.
Whenever it 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 10 the salts
faction of the insurance commissioner
that such increase is justihable.
Sec. S. A rating organization shall
not charge any licensing, registration
certification or membership fee to brok
ers 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 i'll
agreement refuse to do business with
or to pay commissions to any person
who may be licensed or authorized rs
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. e. Every such rating organiza
ton shall keep a careful record of its
proceedings and shall furnish upon de-
mand to any person upon whose property
or risk rate has been made or to his
authorized agent. full information as
to such rate, and, if such property or
risk be rated by a schedule, a copy of
such schedule; it shall also provide such
means as may be approved by the i'll
surance commissioner whereby any per-
son affected by such rate or rates may
be heard, either in person or by agent,
before the governing or rating commit
tee or other proper executive of such
rating organization on an application
for a change in such rate or rates. "A
person who feels aggrieved by any rate
fixed or made by person, corporation,
association or bureau on any risk
located in this state may complain, if
such complainant be affected by such
rate, to the insurance commissioner who
shall call hearing before a board COIL
sisting of the insurance commissioner
as chairman, the auditor of accounts and
a third party to be named by the person,
association or board max
ing the rate; and if it appears to them
that the rates charged are excessive,
they shall fix reasonable rate and the
rate so fixed shall be binding on all COM
panies doing business in this state The
action of said board in this regard shall
DC SUBJECT 10 review by WIFI OF GER
tiorari, and disputed questions of fact as
we'll as of law shall be thereby re-
viewed
Sec 7. This act shall not apply to
any contract of life insurance, nor to
any contract of insurance upon or in
with marine or transporta-
ton risks or hazards other than con-
tracts for automobile insurance. nor to
~
risks located without this state.
AoDropaj ADr;1 yoro