written complaint that discrimination in rates exists between risks of the same class, may order hearing to determine such questions of discrimination, and if upon investigation the Superintendent shall deem the rate discriminatory, he shall order such discrimination removed. No fire insurance company or rating bureau shall enter into or act upon any agreement in regard to the making, fixing or collecting of any rate except in compliance with this act. Agreements made regarding fixing of rates, not contrary to public policy, shall be made in duplicate and filed with the Superintendent of Insurance and with each rating bureau of which any of the parties thereto shall be a subscriber. The Superintendent of Insurance, upon complaint, may disapprove such an agreement, which shall then be ineffective immediately upon his serving complaint. Penalty for violation of this act, fine of not less than $25, nor more than $200. RECIPROCAL INSURANCE-Law of 1917, Sec. I. "Individuals, partnerships and corporations of this State, herein designated subscribers, are authorized to exchange reciprocal or inter-insurance contracts with each other and with individuals, partnerships and corporations of other States, districts, provinces and countries providing indemnity among themselves from any loss which may be insured against by any fire insurance company or association under other provisions of the law. Subscribers may appoint an attorney to act for them. The attorney must file a prescribed declaration stating that applications for insurance. have been made on 75 risks aggregating $1,500,000; that he has $50,000 for the payment of losses, which at all times must be maintained. Annual statement for calendar year must be made on or before March 1. The attorney shall pay a tax of three per cent on premiums received in Ohio during the year, and the following fees: For filing declaration, $25; for filing financial statement, $20; for filing each certificate of license, $2; for each copy of paper filed, 25 cents; for affixing seal of office, $1. See "Lloyds." RECIPROCAL LAW-Sec. 658. When the by laws of any other State, district, territory or nation, any taxes, fines, penalties, license fees, deposits of money, securities, or other obligations or prohibitions are imposed on insurance companies of this State doing business in such State, territory or nation, or upon their agents therein, the same obligations and prohibitions, of whatever kind, shall be imposed upon all insurance companies of such other State or nation, doing business in this State, and upon their agents." REINSURANCE-Sec. 5439. "No fire insurance company or association authorized to do business in this State shall reinsure, dispose of, cede, pool, divide, or in any manner or form whatsoever, reduce a portion of its risk or liability, covering property located wholly or partially in this State, in or with a company, association, person or persons, incorporated or otherwise, not authorized by law to do the business of fire insurance in this

66* * *

State, or to reinsure, or assume as a reinsuring company or otherwise, in any manner or form whatsoever, the whole or part of a risk or liability, covering property wholly or partially located in this State, of or for an insurance company, association, person or persons, incorporated or otherwise, not authorized by law to do the business of fire insurance in this State." Sec. 5440. Sec. 5440. "The Superintendent of Insurance of this State annually, and at such times as he may see fit, shall require the president or other chief officer of each company or association, to file a statement under oath, showing the names of each fire insurance company, or association, with whom or for whom liability for insurance on property located wholly or partially in this State has been reinsured, disposed of, ceded, pooled, divided, or in any manner or form whatsoever reduced or increased." Sec. 9555 permits any company, with the consent of the Superintendent of Insurance, to reinsure all of its risks in any other company authorized by law to transact business in this State.

REINSURANCE RESERVE-Fifty per cent of the whole amount of pre

miums on unexpired risks and policies running one year or less from date of policy, and a pro rata amount of all premiums on unexpired risks and policies running more than one year from date of policy. (Full premiums on unexpired ocean marine risks).

RESIDENT AGENTS-Sec. 5438, amended 1917. "An insurance company or agent legally authorized to transact insurance business in this State shall not write, place or cause to be written or placed, a policy. renewal of policy, or contract for insurance upon property situated or located in this State, except through a legally authorized agent in this State, who shall countersign all policies so issued and enter the payment of the premium upon his record. The writing, renewal, placing or causing to be written or placed of a policy of insurance in any other manner or form, is a violation of the law providing for the payment of taxes by foreign insurance companies doing business in the State of Ohio, as set out and provided in this chapter. *** Provided, that any authorized agent of an insurance company duly authorized to transact business in this State may procure the insurance of risks or parts of in other like companies duly authorized to transact business in this State. and may pay a commission thereon to such agent. But such insurance shall be consummated through a duly licensed resident agent only of the company taking the risk. Provided further, that any authorized agent of an insurance company duly authorized to transact business in this State may accept business from such insurance brokers only as duly authorized and licensed as provided in Sec. 644-2, and such agent may pay a commission thereon to such broker." Penalty for violation. revocation of license for ninety days, and until all taxes, penalties and expenses have been paid, and the company made complete recompliance with the law.

SEMI-ANNUAL STATEMENTS-None required.

STANDARD POLICY-Ohio has no standard policy form. TAXES-The Superintendent of Insurance shall, in the month of November, annually, collect from each non-Ohio company an amount equal to two and one-half per cent of the balance of gross premiums of such company, after deducting return premiums paid for cancellations and considerations received from other companies for reinsurance in Ohio, as shown by its next preceding annual statement. Also a law of 1915 provides for levying of a tax of one-half of one per cent on the gross amount of premiums, after deducting return premiums and reinsurances received, for the support of the office of State Fire Marshal. Reciprocal provision. Penalty for default in payment of taxes after a statement thereof has been made and mailed to such company, suspension of authority. Sec. 5436 provides that: "If the laws of another State, Territory or nation authorize charges for the privilege of doing, business therein, or taxes against any insurance companies organized in this State, exceeding the charges provided in this chapter, like amounts shall be charged against all insurance companies of such State, Territory or nation, doing business in this State, instead of the charges herein provided." See "Reciprocal Law." TAX STATEMENTS-Other State and foreign companies are required in their annual statements to set forth the gross amount of premiums received in Ohio during the preceding calendar year without deductions for commissions, return premiums, or considerations paid for reinsurance or any deductions whatever; and shall also therein set forth in separate items return premiums paid for cancellations and also considerations received from other companies for reinsurances in Ohio during such year. Penalty for making false statement or refusing to pay tax, revocation of license. VALUED POLICY-Sec. 9527. “A person, company or association insur

ing any building or structure against loss or damage by fire or lightning, by a renewal of a policy, shall cause such building or structure to be examined by his or its agent, and a full description thereof to be made, and its insurable value fixed by him. In the absence of any change increasing the risk without the consent of the insurers, and also of intentional fraud on the part of the insured, in case of total loss, the whole amount mentioned in the policy or renewal upon which the insurers receive a premium, and in case of a partial loss the full amount thereof shall be paid." Sec. 9584. "When there are two or more policies upon the same property, each policy shall contribute to the payment of the whole or the partial loss in proportion to the amount of insurance mentioned in each policy. In no case shall the insurer be required to pay more than the amount mentioned in its policy."

None.

None.

COUNTY TAXES AND FEES.

MUNICIPAL TAXES AND FEES.

CINCINNATI-Salvage Corps assessment, 134 per cent.

CALENDAR-OHIO

Fee payable in connection for forwarding coupons on bonds deposited.

Annual statement must be filed. Foreign companies' home office statements are required.

Agents' licenses must be obtained. Company license must be obtained. File license with recorder in each county in which company has an agency.

Statement and license of other than domestic companies must be published in every county where company has an agency. Fire marshal tax is payable. Premium tax is payable by other than domestic companies.

OKLAHOMA.*

STATE REQUIREMENTS.

AGENTS DEFINED-Sec. 3431. "Any person who for compensation solicits insurance on behalf of any insurance company, or transmits for a person other than himself an application for a policy of insurance to or from such company, or offers or assumes to act in the negotiating of such insurance, shall be an insurance agent within the intent of this article, and shall thereby become liable to all the duties, requirements, liabilities and penalties to which an agent of such company is subject." Law of 1915 divides agents into three classes-special, policy-writing and soliciting. Sec. 3462. "Any person who shall solicit and procure an application for insurance shall, in all matters relating to such application for insurance, and the policy issued in consequence thereof, be regarded as the agent of the company issuing the policy and not the agent of the insured, and all provisions in the application and policy to the contrary are void and of no effect whatever."

AGENTS' LICENSES-Each individual agent or partnership must procure a license, which expires last day of April, annually. Applications for licenses, including fees, must be made to the State Insurance Board by company, accompanying written notice of appointment of agent. Penalty for acting as agent without a license, fine of $100 to $500 for each policy written. The State Insurance Board investigates every agent filing an application. No licenses to be canceled unless written charges are presented to the Board. Violation of this law as to the exclusion of domestic companies from their office shall render the company's representative liable to fine, not exceeding $1000 and the company subject to a fine not exceeding $1000. Agent is liable on policies written for unauthorized companies. Sec. 3463. "No corporation or stock company shall act or be licensed to act as an agent or representative of any insurance company or association. in soliciting, selling, delivering, writing or in any manner placing, or causing to be placed, any insurance policy or contract in this State." ANNUAL STATEMENTS-Must be filed with Insurance Commissioner on or before last day of February, annually, showing condition as of December 31 last preceding. Penalty for failure to file statement or answer inquiries, $500. Commissioner may extend time for good cause. The Corporation Commission requires a complete list of stockholders to be filed and renewed annually only as to any change therein.

ANTI-COINSURANCE—No statute prohibiting use of coinsurance clauses. ANTI-COMPACT-An anti-trust law was enacted in 1908, which may be construed as prohibiting co-operation between insurance companies and agents.

* Sectional numbers are the same as the Harris-Day Code of Laws.