Chap. 142.——An ACT to amend and re-enact Section 4194 of the Code of Virginia,
relating to payment of expense of Bureau of Insurance, to provide for a minimum
contribution by each licensee. [H B 261]

Approved March 9, 1942

1. Be it enacted by the General Assembly of Virginia, That section
forty-one hundred and ninety-four of the Code of Virginia, be amended,
as follows:

Section 4194. Expense of maintenance of division or bureau for
administration of certain insurance laws to be borne by licensees; mini-

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or bureau of the State Corporation Commission for the administration
of the insurance laws of the State shall be assessed annually against the
companies, foreign, alien, and domestic of the classes mentioned in this
chapter, doing business in this State, except fraternal benefit orders,
associations or societies, as defined and regulated in chapter one hundred
and seventy-one of this Code, in proportion to their respective gross
premiums, assessments or dues, on business done in this State, not ex-
ceeding one-tenth of one per centum on the gross amount of the prem-
iums, assessments or dues of each of such companies, to be apportioned
and assessed against such companies and by them to be paid as prescribed
in the next succeeding section of this chapter, except that in any year in
which there be no gross premium income, or in which the gross premium
income is insufficient to produce, at the rate of the tax prescribed by law,
an amount of contribution equal to or in excess of twenty dollars, there
shall be apportioned and assessed, as prescribed in the next succeeding
section of this chapter, a contribution in the amount of twenty dollars.
Z. An emergency exists and this act is in force from its passage.