Chap. 115.—An ACT to amend and re-enact sections 5 and 6 of an act
entitled an act to define and classify industrial sick benefit companies.
and associations, approved March 16, 1910. (S. B. 17)

Approved March 17, 1915.

1. Be it enacted by the general assembly of Virginia, That sections
five and six of an act entitled an act to define and classify industrial
sick benefit companies and associations, approved March sixteenth, nine-
teen hundred and ten, be amended and re-enacted so as to read as follows:

Section 5. Every association or joint stock company embraced in
the first section of this act shall pay for the privilege of carrying on its
business in this State, a license tax of one per centum upon the gross
amount of all premiums, assessments, dues and fees collected, or obli-
gations taken therefor, derived from its business in this State during each
year ending the thirty-first day of December, which license tax shall
be paid in the same manner and at the same time as is required by law
of the regular life insurance companies; provided, however, that in the
event such license tax on gross premiums shall not amount in the aggre-
gate to as much as two hundred dollars in any one year, then such
association or joint stock company shall pay a specific license tax of
two hundred dollars. The tax herein provided to be paid by the com-
panies or associations embraced in this act shall be in lieu of all other
taxes, license fees or levies whatsoever for State, county, municipal or
local purposes for the privilege of doing business in this State; pro-
vided, that nothing in this act shall be construed to relieve any such

company or association from taxation on its real estate, or tangible per-

sonal property, as required by law to be paid by the regular life insur-
ance companies doing business in this State, nor to relieve such com-
panies or associations from the tax for the maintenance of the bureau
of insurance, as required by section twenty-eight of chapter one of the
act concerning the bureau of insurance, approved March ninth, nineteen
hundred and six, nor to relieve such companies or associations from the
tax required to be paid to the treasurer of Virginia for keeping the bonds
deposited by any such companies or associations; and provided, further,
that any industrial insurance company doing business on the legal re-
serve plan shall not be required to pay any licenses, fees or other taxes
in excess of those required by this act on such part of its business as
may be sick benefit insurance, as defined in section one of this act;
but all such sick benefit insurance shall be subject to the restriction:
of this act as far as applicable; and provided, further, that such last
mentioned companies doing business on the legal reserve plan shall pay
on all sick benefit policies or contracts that provide a greater death
benefit than two hundred and fifty dollars, or a greater weekly indemnity}
than ten dollars, and on all other life, limited payment and endownment
insurance, the same license or other taxes as are required of all other
legal reserve companies.

Every agent, canvasser or solicitor representing any company qualified
to transact business under this act shall be subject to the laws governing
agents of insurance companies.
Section 6. All such companies or associations shall secure annually
a license from the commissioner of insurance, who shall, before issuing
said license be satisfied that the company or association applying for
same has complied with all the laws relating to companies or associations
embraced in this act, and is solvent; and for this purpose the com-
missioner of insurance shall have authority, at any time, to examine
any company or association mentioned in this act, and shall possess the
same powers that are conferred upon him for examination of other in-
surance companies. Such license shall expire on the thirtieth day of
April following its date, and all renewals thereof shall be obtainable
in the same manner.

2. The collection of current revenues being affected, an emergency
is hereby declared to exist, and this act shall be in force from its passage.