Chap. 262.—An ACT to amend and re-enact section 4235 of the Code of Virginia,
as amended by chapter 514 of the acts of assembly of 1922, page 894, as to
filing list of agents of insurance companies. {[H B 278]

Approved March 19, 1928

1. Be it enacted by the general assembly of Virginia, that section
forty-two hundred and thirty-five of the Code of Virginia, as amended
by chapter five hundred and fourteen of the acts of assembly of nine-
teen hundred and twenty-two, page eight hundred and ninety-four, be
amended and re-enacted so as to read as follows:

Section 4235. Every insurance company, except fraternal beneficiary
associations, orders or societies, doing business in this State shall file
annually with the State corporation commission, on or before the first
day of July, and at such other times as they may be appointed, a list of
the agents of said company, authorized to solicit insurance for it in the
State of Virginia, and each such agent shall be required to secure a
certificate of registration from said commission, for each company
proposed to be represented by him, authorizing him to represent said
company for a period ending on the fifteenth day of July of each
year, the fee for said registration shall be one dollar per annum; but the
commission may, for good cause, refuse to register such agent, or may,
at any time that it may come to its knowledge that any agent has mis-
appropriated any premium entrusted to him, or has failed to apply
said premium as directed by the policyholder or prospective policy-
holder, or has been guilty of rebating, twisting the policies of other
companies, or misrepresenting the provisions of the policy he is selling,
or of the policies of other companies, or has violated any of the pro-
visions of section forty-two hundred and twenty-two of the Code of
Virginia, revoke or suspend the certificate of registration of said agent.
The commission may summon witnesses against any agent accused of
wrongdoing and any registered agent may have a hearing before the
commission on any charge brought against him and may intfoduce
evidence in his behalf; but if the commission revokes or suspends the
certificate of registration of any agent, then such agent may, as a matter
of right, appeal to the supreme court of appeals from such final order
as the commission may make, with reference thereto.
by the said board of the redemption of the original bonds for four
weeks in the newspapers published in said county.

3. That where such refunding road bonds are issued as herein pro-
vided, they shall be deemed in every respect to stand in the place of
the outstanding and redeemable bonds they are issued to refund, and
to that end shall be an obligation of the said county, and such refund-
ing road bonds shall in every case contain a recital, setting forth the
specific statutory authority by virtue of which the original bonds were
ssued, and the particular magisterial district liable for the payment of
he principal and interest thereof, but the faith and credit of the
entire county shall be pledged for their payment, and all the proceed-
ngs authorizing said original bonds and sales and issuance of same
ire hereby validated.

4. That said refunding road bonds shall not be sold or negotiated
y the board of supervisors for less than the par value thereof, includ-
ng interest from their respective dates to the date of delivery to the
yurchaser.

5. That the board of supervisors of Accomac county shall provide
or the annual levy and collection of a tax upon all of the taxable
roperty within the magisterial district of such county originally lable
nthe premises, and subject to taxation for such purpose, and at such
ate as will be sufficient to provide for the paviment of the interest,
nd to provide a sinking fund for the payment of the principal of
uch refunding road bonds at maturity.

6. An emergency existing, this act shall be force from its passage.