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POCAHONTAS–For each company, $5.75, payable May 1.
PORTSMOUTH-For each company, $100, payable May I.
PULASKI—For each company, $10.50; for each agency, $10.50.
RADFORD—For each company on each agent, $15.75, payable May I.
RICHMOND—Agent, according to class: First class, $500; second, $400;

third, $300; fourth, $200; fifth, $100. For each sub-agent: First class, ,

$100; second, $75; third, $50; fourth, $25; fifth, $10. ROANOKE-For each person or corporation engaged in the business of fire

insurance, $40.50, payable May 1; for each broker for insurance business,

$25. ROCKY MOUNT-For each company, $10, payable May 1. RURAL RETREAT—For each company, $2.50; for each agent, $2.50, payable

May 1. SALEM–For each company, $15.50, payable May 1. SHENANDOAH–For each company, $5, payable May 1. SMITHFIELD—For each company, $10, payable July 1. SOUTH BOSTON-For each company, $10.40, payable May 1. STAUNTON—For each agent, $30.75, payable May 1. STRASBURG-For each agent, $10.50, payable May I. STUART-For each company, $10. SUFFOLK–For each company, $20.50, payable July 1. TAZEWELL-For each company, $10, payable May I. WARRENTON—For each company, $10.50, payable June 1. WAVERLY-For each company, $2.50, payable May I. WAYNESBORO—For each company, $10, payable May 1. WEST POINT-For each company, $15, payable May 1. WILLIAMSBURG-For each company, $5.50, payable May I. WINCHESTER—For each company, $50.50, payable May 1, and one and one

half per cent on gross premiums, payable quarterly. WOODSTOCK-For each company, $5, payable May I. WYTHEVILLE-For each company, $5.25; for each agent, $5.25, payable

May 1.



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AGENTS DEFINED_ Insurance Laws, March 10, 1911, Sec. I.

is a person, co-partnership, corporation, attorney, board or committee duly
appointed and authorized by an insurance company to solicit applications
for insurance, to be known as a soliciting agent, or to solicit applications
and effect insurance in the name of the company, to be known as a record-
ing or policy-writing agent, and to discharge such other duties as may be

vested in or required of the agent by the company." AGENTS' LICENSES-Agents must make application for license on blanks

furnished by the Insurance Commissioner, which application must be approved by a company to be represented. Licenses expire annually April

A license issued to a firm or agency corporation permits each member of the firm or officer of the corporation to solicit or effect insurance, but the names of such members or officers shall be specified and appear in the

license. See "Reciprocal Law." ANNUAL STATEMENTS—Must be filed on or before February 15, show

ing condition as of December 31 preceding. Penalty for non-compliance within thirty days, $25 for each additional day of delinquency. Alien com

panies must file capital statements in February. ANTI-COINSURANCE—No provision. ANTI-COMPACT—Insurance Code, Sec. 32. “If any insurance company

authorized to transact business in this State, or any agent or representative thereof, shall, either within or outside of this State, directly or indirectly, enter into any contract, understanding, or combination, with any other insurance company, or any agent or representatives thereof, for the purpose of controlling the rates to be charged for insuring any risk, or class or classes of risks, in this State, the Commissioner shall forth with revoke its license, and those of its agents, and no renewal of the licenses shall be granted until after the expiration of three years from the date of final

revocation." See "Rating Schedules to be Filed." ANTI-REBATE–Insurance Code, Sec. 33. “No insurance company, by it

self or any other party, and no licensed insurance agent, solicitor, or broker, personally or by any other party, shall offer, promise, allow, give, set off, or pay, directly or indirectly, any rebate of, or part of, the premium payable on the policy, or on any policy, or agent's commission thereon, or earnings, profit, dividends, or other benefit founded, arising, accruing or to accrue thereon, or therefrom, or any other valuable consideration or inducement to or for insurance, on any risk in this State now or hereafter to be written, which is not specified in the policy contract of insurance; nor shall any such company, agent, solicitor, or broker, personally or otherwise, offer.

promise, give, sell, or purchase any stocks, bonds, securities, or property, or any dividends or profits accruing or to accrue thereon, or other thing of value whatsoever as inducement to insurance or in connection therewith which is not specified in the policy. The license of any insurance company, agent, solicitor, or broker who violates the provisions of this section shall be revoked and no license shall be issued to such company, agent, solicitor, or broker within one year from the date of the revocation of the license. No insured person or party shall receive or accept, directly or indirectly, any rebate of premium or part thereof, or agent's, solicitor's, or broker's commission thereon payable on the policy, or on any policy of insurance, or any favor or advantage or share in the dividend or other benefit to accrue thereon, or any valuable consideration or inducement, not specified in the policy contract of insurance; the amount of the insurance whereon the insured has received or accepted, either directly or indirectly, any rebate of the premium or agent's, solicitor's, or broker's commission thereon, shall be reduced in such proportion as the amount or value of such rebate, commission, dividend, or other consideration so received by the insured, bears to the total premium on such policy, and any such insured shall be liable, in addition to having the insurance reduced, to a fine of not more than two hundred dollars. No person shall be excused from testifying, or from producing any books, papers, contracts, agreements, or documents at the trial of any person charged with violating any provision of this act, on the ground that such testimony or evidence may tend to incriminate himself, but no person shall be prosecuted for any act concerning which he shall be compelled so to testify or produce evidence, documentary or otherwise,

except for perjury committed in so testifying. ATTORNEY-The Insurance Commissioner must be appointed to accept

service of legal process. CANCELLATION OF POLICY—Policies may be canceled upon five days'

notice. Members of mutual companies may withdraw on five days' notice,

but cannot escape statutory liability for losses prior to cancellation. CAPITAL REQUIRED—Stock company must have capital of at least $200,000

to transact fire and inland marine insurance, with $100,000 additional if ocean marine or automobile (all kinds) insurance is written, and $50,000 additional if plate glass, sprinkler and motor vehicle (excepting against the hazard or injury to persons) insurance is written. To write all of foregoing classes companies must have $350,000. Domestic companies are also

required to have a surplus of at least $50,000. COMMISSIONS TO NON-RESIDENTS—Commissions must be paid to

residents of the State who are licensed as agents. DEPOSIT—Alien companies must have $200,000 deposited in some State

for the benefit of United States policyholders, invested as required of capital of domestic companies. Domestic and foreign companies must deposit with State Treasurer funds and securities to the amount of minimum capital; deposits in other States may be credited. Deposits of other






State companies doing business in Washington prior to adoption of code

are governed by reciprocal provision. DOMESTIC COMPANIES-Insurance Code, Sec. 84.

No stock insurance company shall make insurance in this State under class I of section 83 of this act, without having capital stock of at least $200,000, of which not less than one-half must be paid in in cash or like securities authorized by this act, and the remainder, in cash or like securities, paid within one year after the company is incorporated, and a surplus of not less than $50,000. * *Not less than the respective numbers named of citizens of the United States, two-thirds of whom must be residents in Washington, may incorporate domestic companies as follows: Stock, five; mutual, ten; Lloyds, twenty; inter-insurers, twenty-five. Duly acknowledged articles of incorporation must be filed with the Secretary of State, the Insurance Commissioner and the Auditor of the county in which principal office is located. Number of trustees or directors, five to eleven. Name must not closely resemble that of another company. Expense of incorporation and organization, including placing of stock, must not exceed 772 per cent of par value of stock sold. Stockholders are liable for debts, beyond par value, up to 100 per cent of par value. By an amendment of 1913 companies organized before passage of the 1911 code are given four

years from 1913 to meet requirements. EXAMINATIONS-Each domestic company must be examined at least once

each year and whenever the Commissioner deems it prudent. Outside companies may be examined whenever the Commissioner deems it advisable. Penalty for refusing to permit examination, revocation of license. Penalty for failure to obey subpæna or refusal to be examined as a witness and give evidence, same as though subpæna had been issued by a court having

jurisdiction in equity and common law. See “Impairment." FEES-For filing articles of incorporation or certified copies of articles, etc.,

$25; for filing amended articles of incorporation, etc., $10; for issuing certificate of authority or renewal, $10; for filing annual statement of condition and business in the State, $20; for filing any other papers, $i; for furnishing copies of papers on file, 20 cents per folio; affixing seal, $1 ; for each agent's or solicitor's license (one to firm), $2; for each broker's license, $100; for each agent's license to deal with unauthorized companies, $100; for examinations, witness fees and mileage ; for service of process on Commissioner, $2. Foreign mutual companies pay same fees as stock companies. Domestic mutual companies pay: For filing articles of incorporation, $10; for annual license, $10; for filing annual statement, $10; for each agent's certificate, $2; other fees same as for stock companies. Fees

payable to Insurance Commissioner. FIRE DEPARTMENT TAX—No provision. FIRE MARSHAL-Xo appropriation for the investigation of fires. FOREIGN COMPANIES' HOME OFFICE STATEMENTS—Not reGENERAL PENALTY-Sec. 102. “Any company or person who knowingly


violates any provision of this act for which no penalty is provided, shall be deemed guilty of a misdemeanor and shall be punished as provided by

law." IMPAIRMENT-If upon examination the Commissioner finds a company to

be in unsound condition, he shall revoke or suspend all certificates of authority and licenses granted to such insurance company, its officers or agents. If the capital of a domestic company is impaired it shall be notified to make good the impairment with cash or investments or by reducing its stock not below statutory requirements within ninety days, and if impairment is not so made good, the company shall be deemed insolvent. Trustees, directors and officers of a company are liable for losses accruing upon new risks taken after the expiration of such time and before the deficiency is made good. Provision is made for the Insurance Commis

sioner to liquidate delinquent companies. INVESTMENTS PRESCRIBED—The minimum capital of a domestic com

pany shall be invested in legally issued bonds, warrants and securities of the United States or the District of Columbia or any State of the United States, or any county, incorporated city or incorporated school district in Washington, or in bonds and mortgages on improved real estate in Washington not exceeding fifty per cent of market value of the property and the residue of the capital and surplus and funds of a domestic company over the minimum capital and the deposit required may be invested in similar securities or in municipal bonds or irrigation district bonds, or on mortgages on improved real estate in the United States or any securities of any solvent corporation incorporated under the laws of the United States or of any State thereof under certain restrictions. A domestic company must not invest in or loan upon its own stock or the stock of any other insurance company or of any oil or mining company or of any fish, fruit or vegetable canning company, nor in the stock of any corporation who stockholders may be liable in excess of the par value of the stock. The capital of a company of another State or a foreign country to the extent of the minimum capital required of a like domestic company shall be invested in the same class of securities specified for domestic companies, except that the securities of the home State or country of such company may be recognized as legal investments for amount of the minimum capital required. A domestic company may own its home-office building under certain conditions. No single loan nor investment shall be in excess of ten per cent of paid-up capital and surplus. Securities must be interest or

dividend paying. LICENSED BROKERS—Insurance Code, Sec. 100. “Any person or party

who solicits fire, marine, casualty, liability, or surety business to be placed in an insurance company other than represented by him shall be deemed and considered as transacting a brokerage business and shall be required to procure a broker's license; provided, that nothing in this act shall be con

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