risks except through resident agents (except reinsurance from authorized companies) must be filed with Insurance Commissioner. Washington risks embraced in a blanket policy must be written through resident agents. Non-resident special agents may be licensed, but they must not accept commissions or write policies though they may assist local agents in procuring same.

SEMI-ANNUAL STATEMENTS—None required. STANDARD POLICY-New York Standard form is prescribed. This includes "riders" adopted by New York. Certain conditions are outlined which a company may follow, and stamp across its policy, "Washington Standard Policy." (Old N. Y. form will be used until changed by statute. TAXES-A tax of two and one-quarter per cent on all premiums collected or contracted for, less return premiums and reinsurance premiums paid to admitted companies, is payable to the State Treasurer through the Insurance Commissioner's office. If fifty per cent or more of a company's assets is invested in bonds or warrants of the State of Washington or of any county, city or district in that State, or in taxable property, or first mortgages upon improved real estate in that State, the tax on premiums shall be but one per cent. Taxes are due March 1.

TAX STATEMENTS-Included in annual statements. VALUED POLICY-Insurance Code, Sec. 1052. "Whenever any policy of insurance shall be hereafter written or renewed insuring real property or any building or structure erected thereon or connected therewith, and the property insured shall be wholly destroyed, without criminal fault on the part of the insured, or his assigns, the amount of insurance written in such policy shall be taken conclusively to be the true value of the property when insured, and the true amount of the loss and measure of damages when destroyed. In case there is a partial destruction of the property insured, no greater amount shall be collected than the injury sustained; provided, that the insurer shall have the option to repair, rebuild or replace the property lost or damaged with other of like kind and quality if he gives notice of his intention so to do within twenty days after the receipt of notice of loss; provided, such insurer shall, within thirty days from receipt of notice above, commence such rebuilding or replacing and shall diligently prosecute the same to completion, and shall pay to the insured the reasonable rental value of the premises with the buildings thereon from the date of loss to the date of such completion."

COUNTY TAXES AND FEES.

None.

MUNICIPAL TAXES AND FEES.

POMEROY For each insurance solicitor, $5 per annum.

CALENDAR-WASHINGTON

Annual statement must be filed.

Certificate of compliance must be filed.

Certificates of deposit must be filed by foreign companies.
Tax statement must be filed (included in annual statement).
Premium tax is payable.

Agents' and adjusters' licenses must be secured.

Company license must be secured.

Special agents' licenses must be obtained for those employed in
Washington.

WEST VIRGINIA.

STATE REQUIREMENTS.

AGENTS DEFINED-No statutory definition.
AGENTS' LICENSES-Chap. 34, Sec. 56.

No person shall act as agent of any insurance company, corporation, association, partnership or combination of persons incorporated, organized, associated, or combined under or by virtue of the laws of this or any other State of the United States or any foreign country, directly or indirectly taking risks or transacting any kind or form of insurance business in this State, without procuring from the Insurance Commissioner a certificate of authority, stating that such company, corporation, association, partnership, or combination of persons, has complied with all the laws of this State relative to such companies, corporations, associations, partnerships, or combinations of persons, which certificate shall continue in force until the first of March next after its issue unless revoked for cause." As amended in 1913 the application for agents' licenses must be accompanied by properly executed answers to questions tending to establish fitness, competency and trustworthiness of the agents. Licenses may be revoked when agent does not measure up to a proper standard of competency and trustworthiness. An amendment of 1913 requires a license for solicitors defined to be the representative of the employing local agent who is responsible as principal for the acts of his solicitors. Penalty for violation, fine not exceeding $500. Agent acting for an unlicensed company becomes personally liable for all contracts made by or through him on behalf of such company. Applications for licenses should be made by company officials under seal. License required for each member of an agency firm. ANNUAL STATEMENTS-Must be filed in January, showing condition as of December 31 preceding. Certificate of compliance issued by insurance officials of company home State must accompany annual statement. These and tax statements are only ones required annually, except that domestic companies file reports with Tax Commissioner.

ANTI-COINSURANCE—No prohibition of use of coinsurance clauses.
ANTI-COMPACT-No law forbidding co-operation.

ANTI-DISCRIMINATION-Sec. 15 (Revised Laws of 1913) provides (1) · that the entire contract shall be expressed in the policy, and (2) that neither the insurer nor its representative shall offer or give any valuable consideration to the insured which is not specified in the policy contract of insurance, nor shall the insured accept any such valuable consideration.

ATTORNEY-The Auditor of State must be empowered to accept service of legal process.

CANCELLATION OF POLICY-At least five days' notice to insured is required.

CAPITAL REQUIRED-Company must possess at least $100,000 of actual capital, invested in approved securities. A mutual company having $100,ooo of available cash assets may be licensed.

COMMISSIONS TO NON-RESIDENTS-Commissions must be received by resident agents. Non-residents are not allowed to act as agents for fire companies. DEPOSIT-None required. Foreign company must have $200,000 on deposit

in some State in assets, in which domestic companies are permitted to invest. See "Investments Prescribed." DOMESTIC COMPANIES-Chap. 77, Laws of 1907. Five or more persons may form a company by signing and acknowledging agreement, and paying in ten per cent of capital. Agreement and certificate of payment of ten per cent of capital must be filed with the Secretary of State. Company must be examined and licensed by the Insurance Commissioner, and no company will be licensed until at least $100,000 has been paid in. Sec. 74. No charter to be issued until approved by the Insurance Commissioner. EXAMINATIONS-Code, Chap. 34, Sec. 3. "The Insurance Commissioner may from time to time examine the methods of business of any company, corporation, association, partnership, or combination of persons doing any kind or form of insurance business in this State and may require them to answer such questions as he may think necessary for the purpose of such inquiry; and if in his opinion any such company, corporation, association, partnership or combination of persons is doing business in an illegal, improper or unjust manner, or failing to adjust and pay losses and obligations when they become due, excepting claims to which there is a substantial defense, he may order it to discontinue such illegal or improper method of doing business and may order it to adjust and pay its losses and obligations as they become due." Sec. 15 (i), Laws of 1907) provides that a company withdrawn from the State remains subject to all requirements of the Department as long as any West Virginia business remains on its books. FEES-For receiving and filing annual statements, $10; for certificate of authority (one for each member of firm), $5; for examinations, expenses incurred; for Auditor's services as attorney, $10 per annum (payable July 1); for license to company, $10; for certificate of condition or copy of report, $5; solicitor's fee, $1; for filing any additional paper required by law, 25 cents. Fees payable to Insurance Commissioner.

FIRE DEPARTMENT TAX-No provision.

FIRE MARSHAL-The State Fire Marshal has charge of the investigation of all fires causing damage exceeding $50, and all fires of unknown origin. See "Taxes."

FOREIGN COMPANIES' HOME OFFICE STATEMENTS-Chap. 34, Sec. 42, relating to companies of foreign countries, provides that "every such insurance company shall, before admission to do business in this State, furnish to the Insurance Commissioner a copy of its annual report made in the country where it was organized,

a statement of its affairs in the

and it shall furnish annually * United States GENERAL PENALTY-For offenses for which no specific penalty is provided, a fine not exceeding $500.

IMPAIRMENT-No specific limit permitted. Domestic stock company must make good any impairment ascertained to exist. Sec. 39. (Mutual company.) "If the assets, less the unsettled claims and other absolute liabilities amount to less than the sum requisite for reinsurance, he (the Insurance Commissioner) shall call upon it to make up such deficiency within such reasonable time as he shall fix." On failure of company to comply with such requirement, he shall apply for an injunction to restrain it from doing further business, and shall revoke its license. INVESTMENTS PRESCRIBED-The capital of a domestic company or the

deposit required of a foreign company may be invested in stocks or bonds of some one or more of the States of the United States, or in the bonds of the United States, or in bonds secured by mortgage or deed of trust on real estate, worth double the amount loaned thereon, free from any prior incumbrance, and having undoubted title.

LICENSED BROKERS-No provision. See "Agents' Licenses." LIMIT ON A SINGLE RISK-Chap. 34, Sec. 46. "No such insurance company shall insure against loss by fire or inland navigation nor expose itself to any such loss by any one risk, for any greater amount in proportion to its capital than companies which are organized under the laws of this State.” LLOYDS Chap. 34, Sec. 76. "Whenever the word company is used in this act it shall be held to include corporations, associations, partnerships or individuals." MISCELLANEOUS-Sale of stock and incorporation of company is properly supervised by an act effective February 8, 1915. Companies now or hereafter licensed to transact fire or marine insurance may in addition issue policies covering the hazard of fire and theft of automobiles. Companies operating under the blue-sky law must file a statement with the State Auditor showing their condition as of June 30.

MUTUAL COMPANIES-Provision is made for organization of farmers and other mutual companies. Policy must specify amount of insured's liability. Mutual companies must report to the Auditor.

PRELIMINARY DOCUMENTS-Company must file with the Insurance Commissioner a certified copy of its charter or articles of association, written appointment of Auditor as attorney, and a certified statement showing its financial condition and obtain a certificate of authority to do business in the State.

PUBLICATION-Not required.

RATING SCHEDULES TO BE FILED-Chap. 20, Acts of 1913, places all bodies suggesting, approving or making rates for more than one underwriter under the supervision of the Insurance Commissioner, and requires the filing of rating schedules upon request by him.