Chap. 273.—An ACT to amend and re-enact sections 1 and 2 of an act entitled
“An act to provide for the organization, maintenance and supervision of
a fire, windstorm, lightning, tornado, hail and automobile fire and theft
insurance rate making bureau; to provide for the making and filing of such
rates by the bureau, insurance companies and other insurers; whether stock,
mutual, reciprocal or inter-insurer; to generally regulate rate making agree-
ments; to prohibit discrimination; and to empower the State corporation com-
mission to fix, approve, alter or reduce such rates; providing penalties for
violations; and to repeal all acts and parts of acts in conflict herewith,”
approved March 26, 1928. [S B 238]

Approved March 24, 1930

1. Be it enacted by the general assembly of Virginia, That sec-
tions one and two of an act entitled “An act to provide for the organ-
zation, maintenance and supervision of a fire, windstorm, lightning,
tornado, hail and automobile fire and theft insurance rate making
bureau; to provide for the making and filing of such rates by the bu-
reau, insurance companies and other insurers; whether stock, mutual.
reciprocal or inter-insurer; to generally regulate rate making agree-
ments; to prohibit discrimination; and to empower the State corpora-
tion commission to fix, approve, alter or reduce such rates; providing
penalties for violations; and to repeal all acts and parts of acts in
conflict herewith,’ approved March twenty-sixth, nineteen hundred and
twenty-eight, be amended and re-enacted so as to read as follows:

Section 1. Under the supervision of the State corporation com-
mission, and within thirty days after this act becomes a law, the fire
insurance companies and other insurers, whether stock, mutual, re-
ciprocal or inter-insurer, authorized to effect insurance against the
risk of loss or damage by fire, windstorm, tornado, hail, lightning and
automobile fire and theft and all other kinds of insurance which fire
insurance companies are authorized to write in this State, except in-
surance upon, or 1n connection with, marine insurance, other than shore
marine, or transportation risks, other than fire and theft insurance on
automobiles in this State, shall organize a bureau to be known as the
Virginia insurance rating bureau, for the purpose of making or adopt-
ing rates for insurance against such hazards, and all such companies
and other insurers, except those exempted under section fifteen hereof,
now, or hereafter, authorized to transact such business in this State,
shall be members of such bureau; provided that, with the approval
of the State corporation commission, any such company or other in-
surer insuring flour mills, grain elevators, lumber yards, lumber mills,
in connection with an inspection service, may file its rates and schedules,
applicable to such risks only, direct with the said commission, for ap-
proval, and not through the said bureau.

Section 2. The government of the bureau shall be vested in its
members, and it shall not be subject to the direction or control of any
other bureau, association, corporation, company, individual or group
of individuals. Each member shall have one vote, and the bureau
shall have power to establish reasonable agreements and by-laws for
its governance, and shall be permitted to adopt reasonable rules and
regulations necessary to carry out its functions; but such reasonable
agreements, by-laws, rules and regulations shall not be inconsistent
with the provisions of this act and shall be first approved by the State
corporation commission. AIl amendments to such agreements, by-
laws, rules and regulations shall, before being effective, be submitted
to, and approved by, the State corporation commission. The principal
office of the bureau shall be located in the city of Richmond, Vir-
ginia, where all records shall be kept and all business of the bureaus
transacted; provided that, with the approval of the State corporation
commission, branch offices of the bureau may be established within the
State. The bureau shall furnish, without discrimination, its service to
its members.

The bureau, subject to the approval of the State corporation com-
mission, shall apportion the expenses among its members in proportion
to the gross premium income on business done in the State; except
that so much of such premium income as is derived from business,
the rates and schedules concerning which are filed directly with the
State corporation commission, and not through the said bureau, shall
not be included in such gross income.