Chap. 341.—An ACT to amend and re-enact section 23 of an act entitled an
3 act to raise revenue for the support of the government and public free
schools, and to pay the interest on the public debt, and to provide a.
special tax for pensions as authorized by section 189 of the Constitution,
approved April 16, 1903, and acts amendatory thereof. (S. B. 334.)

Approved March 27, 1914.

1. Be it enacted by the general assembly of Virginia, That
ection twenty-three of an act entitled an act to raise revenue for
the support of the government and public free schools, and to pay
the interest on the public debt, and to provide a special tax for
pensions, as authorized by section one hundred and eighty-nine of
the Constitution, approved April sixteenth, nineteen hundred and
three, and acts amendatory thereof, be amended and re-enacted so
as to read as follows:

23. Every person, partnership, company or corporation which
contracts on his, their or its account to issue policies or contracts
for or agreements for life, fire, marine, surety, mutual aid, mutual
benefits, guarantee, sick benefit, employer’s liability, liability.
health, credit, fidelity, burglary, accident, plate glass, steam boiler,
tornado, automatic sprinkler, assessment, united brethren, or live
stock and all like insurance shall pay an annual specific license tax
of two hundred dollars for the privilege of doing business in this
State. The license year shall expire on the thirtieth of April of
each year. No licenses shall be issued for less than a year, except
to a person, partnership, company or corporation when he, they
or it first commence business in this State, in which case the license
shall be issued for that part of the year from the date of the is-
suance of the license to the thirtieth of April following, and the tax
thereon shall bear such proportion to the annual specific license tax
as the space of time between the issuance of the license and the
thirtieth of April following bears to the whole year. The specific
license tax shall be paid into the State treasury, but the auditor of
public accounts shall not receive the same until the commissioner
of insurance has notified him he can receive it.

Every such person, partnership, company or corporation shall
also pay into the State treasury, on or before the fifteenth day of
March of each year, a tax of one and three-fourths percentum upo
the gross amount of all assessments, premiums, dues and fees col-
lected or received, or obligations taken therefor without any deduc-
tion for dividends paid, or deduction on any other account, except
for premiums returned upon canceled policies derived from bus
ness in this State during each year ending the thirty-first of Decem-
ber, on policies, contracts or agreements for fire, marine, suret.
guaranty, fidelity, employer’s liability, credit, accident, plate gla.
tornado, automatic sprinkler, burglary, steam boiler, and all like
insurance, and except also premiums paid for re-insurance up
business in this State in companies duly authorized to do busine
in this State, and a tax of one and four-tenths percentum upon i
gross amount of all assessments, premiums, dues and fees cellectel
or received or obligations taken therefor, without any deductio
for dividends paid, or deduction on any other account, derive!
from business in this State during each year ending the thirty- fr
of December, on policies, contracts, or agreements for life, mutt!
aid, mutual benefit, sick benefit, united brethren, health, asses
ment, live stock, and all like insurance; provided, however. that fr’
insurance companies chartered by and doing business solely in th:
State, Which are purely mutual associations, not designed to
succumulate profits for the benefit of stockholders or members
: thereof, or to pay dividends to them, and legal reserve life insur-
yance companies whose entire premium income upon all of its busi-
sness shall not exceed five hundred thousand dollars during the
# preceding year ending the thirty-first of December, shall pay a sum
equal to one percentum upon the gross amount of all assessments,
: premiums, dues and fees collected or received or obligations taken
- therefor, without any deduction for dividends paid, premiums re-
turned or deduction on any other account, derived from business
in this State during each year ending the thirty-first day of Decem-

_ ber; provided, however, that fire insurance companies doing busi-
ness on the stock of legal reserve (not mutual) plan whose gross
premiums receipts less return premiums upon canceled policies,
on all business done by them, shall not exceed one hundred thou-
sand dollars during the preceding year ending the thirty-first day
of December, shall pay a sum equal to one and one-quarter per-
centum upon the gross amount of all assessments, premiums, dues
and fees collected or received or obligations taken therefor, without
any deduction for dividends paid, premiums returned or deduc-
tions on any other account, except for premiums returned upon
canceled policies, and also premiums paid for re-insurance upon
business in this State in companies duly authorized to do business
in this State.

All persons,’ partnerships, companies and corporations which
could be licensed under the provisions of this section, and which
have been heretofore licensed to do business in this State until
January first, nineteen hundred and eleven, shall be permitted to
take out license under this act from January first, nineteen hun-
dred and eleven, to April thirtieth, nineteen hundred and eleven,
and pay for the same the pro-rated amount. of the annual specific
license tax provided for in this act.