fire, marine and accident companies, $200; certificate of authority, all other companies or associations, $100; certificate of authority, fraternal orders, $25; special or district agent's license, $3; local or canvassing agent's license (individual), $1; organizer's license for fraternal orders, $3.

TAXES.-Two and one-half per cent. of gross premiums on all direct business received in the State less return premiums. Return premiums deducted in making tax returns. No license taxes or fees collected by counties, cities or towns.

Tax of one-half of 1 per cent. on the receipts of fire conrpanies in towns and cities complying with the State building law and having fire departments, and at least $1,000 equipment, for a firemen's relief fund.

Fraternal orders are not taxed on receipts.

The annual license fee for companies entering the State, when over $25, is pro rated for the unexpired portion of the fiscal year ending April 1.

NORTH DAKOTA.

FEES.-Filing articles of incorporation, $25; filing annual statement, $10; certificate of authority, $2; for each copy of abstract for publication, $2; agent's license (one for each member of a firm or corporation), $2; filing annual report of fraternal beneficiary associations and issuing permit, $15. Copy of records, 20 cents per folio and $1 for seal. Retaliatory provisions for other or greater charges by other States.

TAXES.-Two and one-half per cent. of gross premiums received in the State, less return premiums on cancelled policies.

OHIO.

FEES.-Filing copy of charter or articles of incorporation, $25; filing annual statement, $20: certificate of authority, co-operative or assessment associations, $1; certificate of authority, all other companies, $2; agent's license, co-operative or assessment associations (partnerships licensed same as individuals, but corporations and each officer or agent soliciting insurance must have separate license), $1; agent's license, all other companies (partnerships and corporations licensed same as above), $2; certificate of compliance, for publication (one for each county in which there is an agent), $1; copy of papers, 20 cents per folio; certifying and affixing seal, $1. Co-operative or assessment associations may pay $25 for licenses for all agents for the year without further charge. Fraternal beneficiary associations pay a fee for filing annual statement and all other papers and issuing license of $25.

TAXES.-Two and one-half per cent. of net premiums received from policies covering risks in the State. Fire companies pay, in addition, one-half of 1 per cent. of net fire premiums received in the State, for the maintenance of the office of State fire marshal. Co-operative or assessment and fraternal beneficiary associations are not taxed. Retaliatory provisions for other or greater charges by other States.

OKLAHOMA.

ANNUAL ENTRANCE FEES.-Foreign life insurance companies, $200; foreign fire insurance companies, $100; foreign accident and health insurance companies, jointly, $100; foreign surety and bond companies, $150; foreign plate glass companies, not accident, $25; foreign live stock insurance companies, $25; foreign fraternal companies, $5. For filing annual statement: Foreign life and miscellaneous, reciprocal; foreign fire, reciprocal. Agents' certificates of authority: Foreign companies, one for each member of firm, $3; domestic companies, 50 cents. Copies of papers, 20 cents per folio; affixing seal, $1.

TAXES.-On gross premiums, cancellations and reinsurances in authorized companies deducted: Two per cent. per annum. Life insurance companies deduct dividends paid to policyholders in making tax return.

Fire marshal tax, one-fourth of 1 per cent. of net premiums. Law specifies "Gross Premiums," but opinion of Attorney-General indicates certain deductions allowable.

OREGON.

FEES.-Filing title (fire companies only), $5; filing power of attorney (all companies), $5; filing annual statement, mutual fire companies, $10; filing annual statement, all other companies, $5; annual license, fire and marine companies, $150; annual license, life, accident, casualty and surety companies, $100; issuing certificate of deposit, fire, marine and surety companies, $5; certificate of authority, fire, life, casualty, surety and accident companies, $5; agent's certificate of authority, fire companies (expire December 31 of each year), $1; agent's license, life companies (annual), $5; agent's license, casualty, marine, fidelity and surety and all miscellaneous companies, $1. Custody of deposit, fire companies, one-eighth of 1 per cent.

TAXES.-Two per cent. of gross premiums received in the State, less return premiums, losses paid and reinsurance premiums paid to authorized companies.

PENNSYLVANIA.

FEES.-Filing copy of charter, $25; filing annual statement, $20; certificate of authority, renewed annually, $2; agent's license (one to each member of a firm), $2. ASSESSMENT LIFE, SICK BENEFIT AND ACCIDENT ASSOCIATIONS. FEES.-Filing annual statement, $20; certificate of authority, annually, $2; agent's license, $2.

Retaliatory provisions for other or greater charges by other States.

TAXES.-Two per cent. of gross premiums received in the State less return premiums and reinsurance in authorized companies, Life companies also allowed to deduct dividends used by policyholders in payment of renewal premiums.

and reinsurance in authorized companies. Foreign mutual companies two per cent. less dividend (if any paid).

PORTO RICO.

TAXES.-License, $25 (payable annually). Internal Revenue tax of 1⁄2 of I cent on each dollar or fraction thereof of the amount of premium charged for fire, marine, liability, damage, loss or fidelity insurance. Internal Revenue tax of 8 cents on each $100 or fractional part thereof of the amount insured, for life insurance. (This tax is not paid on renewals.) Tax of 3 per cent. on the gross amount of premiums collected for all kinds of insurance.

RHODE ISLAND.

FEES.-Filing copy of charter or deed of settlement, $30; filing preliminary statement, $20; filing annual statement, $20; agent's license (one to a firm), $2; broker's license, $10; printing and distributing abstract of annual statement (fire and accident companies only), $1. The original certificate of authority to a company is good until revoked; an annual fee, therefore, for renewal, is not required.

TAXES.-Stock companies, 2 per cent. of gross premiums received in the State less return premiums and reinsurance in authorized companies, unless there is a contract with the reinsuring company. Mutual companies, 1 per cent. of premiums collected in the State.

Retaliatory provisions for other or greater charges by other States.

Agents of fire companies and general agents of life and accident companies are required to file bonds with the general treasurer, in such sums as he may designate. A bond of $200 is required of agents of fire and accident companies, and from $500 to $1,000 of agents of life companies.

SOUTH CAROLINA.

FEES.-Annual State license fee for all companies, $100; annual insurance department license fees as follows: Life insurance, $50; fire insurance, including marine, $40; marine insurance only, $15; accident and health insurance, $40; casualty insurance (which is taken to mean all forms of indemnity to the insured for loss on account of damage to things or to persons other than himself), $40; surety insurance (which means all forms of indemnity to the insured on account of misfeasance, default or debt of another), $40; all forms of insurance, not included above, $50. Additional license fees: On June 30 and December 31 each year each foreign life insurance company of any class, except fraternal benefit orders operating under the grand lodge system, pay as an additional and graded license fee an amount equal to 2 per centum on the total premiums, i.e., total premium income or total premium receipts from the State, less any dividend or bonuses paid in cash or applied in abatement of premiums of such company as collected from citizens of or residents of this State during the time the company has done business in this State since making last such return: Provided that if life companies file sworn statements with Insurance Commissioner showing one-fourth of reserve on policies in State, invested in notes or bonds of State, counties, municipalities or of subdivisions, or first mortgage bonds of real estate or domestic corporations whose improved property is within the State owned and controlled there; or deposits in banks maintained continuously for six months or daily average balance of same; or any property within the State, in which case additional license fee is 2 per cent.; if investments are one-half of reserves license fee is 12 per cent.; if three-fourths 14 per cent. and I per cent. if entire reserves are so invested.

I

Foreign companies other than life in addition to annual license fee, shall pay 2 per cent. of total net premiums each year, if sworn statement is filed with insurance department showing investment of premium receipts in the same manner as provided for reserves above, additional license fee is 134 per cent. on investment of one-fourth of premium receipts, 11⁄2 per cent. on investment of one-half premium receipts, 14 per cent. on three-fourths investment and 1 per cent. on total premium investment. One-half of the additional license fee is allotted to counties for ordinary purposes in proportion to premiums collected and no additional license fee or county tax is levied. Fire companies pay I per cent. on premiums in towns having fire department property of $1,000 and over; also fire inspection tax, one-tenth of 1 per cent. of gross premiums semi-annually.

SOUTH DAKOTA.

FEES.-Filing articles of incorporation or charter, $25; filing annual statement, $25; agent's license, $2; companies' license, annual, $2; agent's license, $2; fraternal, 50 cents; copies of records, 20 cents per folio and $1 for seal.

TAXES.-Two and one-half per cent. of gross premiums received in the State, less return premiums on cancelled policies and reinsurance in authorized companies. Also fire marshal tax of one-half of 1 per cent. on net fire premium receipts. Assessment companies, 2 per cent. of gross premiums received. Not required of fraternal organizations. Stock and old line life companies, tax of 21⁄2 per cent.; miscellaneous and surety companies tax 21⁄2 per cent.

Retaliatory provisions for greater charges by other States.

TENNESSEE.

FEES FOR ADMISSION-Collected for the Insurance Department by the Secretary of State; Fraternal orders, $10. Filing of Secretary of State on all companies, $20. TAX FOR FILING COPY OF CHARTER of all Stock Companies Graded as Follows: Companies of $50,000 and less, $50; over $50,000 and less than $100,000, $100; $100,000 and less than $200,000, $150; $200,000 and less than $300,000, $200; $300,000 and less than $400,000, $250; $400,000 and less than $500,000, $300; $500,000 and less than $750,000, $400; $750,000 and less than $1,000,000, $500; $1,000,000 and less than $2,000,000, $750; $2,000,000 and less than $5,000,000, $1,000.

Companies of $5,000,000 authorized capital stock and over shall pay $1,500; provided that any company chartered under the laws of another State desires to locate its principal office and do all of its business in and from Tennessee and have all or its main property holding in Tennessee, it shall then pay a privilege tax of one-tenth of per cent. on the authorized capital stock, just as domestic corporations are now required to do; provided, also, that insurance companies shall be credited by the amount of fees paid to the insurance commissioner upon entering the State to do business.

ANNUAL FEES.-Filing annual statement, life companies, $25; filing annual statement, fraternal orders, $10; filing annual statement, all other companies, $15; certificate of authority (one to each member of a firm), $2. Valuing life policies, 2 cents for each $1,000 of insurance in force. Copy of records, 20 cents per folio and $1 for seal.

TAXES.-Fire Companies: 22 per cent. on all premiums, less amount returned to policyholders, and amount of reinsurance premiums paid to companies authorized to do business in Tennessee. There is also levied on the above basis a tax on one-half of one per cent. Fire Marshal tax. Life Companies: 22 per cent. on premiums less dividends actually applied in reduction of premiums. Casualty and Miscellaneous: 21⁄2 per cent. on premiums, less premiums actually returned to policyholders. All taxes payable semiannually, January and July. Each agent must pay the following occupation tax: Beginning business in first quarter of the year, $10; in second quarter, $7.50; in third quarter, $5; in fourth quarter, $2.50. Fraternal orders pay no taxes and are not permitted to employ agents.

TEXAS.

FEES.-Filing charter, or amendment, or certified copy of same, $25; filing annual statement, $20; issuing license, $1; two certificates of compliance for publication, 50 cents each, $1; Home Life, Casualty and Mutual Fire and Hail companies filing annual statement, $10, all others, $20; general agent's State occupation tax, $50; general adjuster's, $50. General agents of life companies pay no tax.

Fraternal Beneficiary Associations.-Fees: Certificate of authority, $10; solicitor's or deputy's license, $1.

TAXES.-Two and six-tenths per cent. of gross premium receipts of fire, marine, casualty, credit guarantee and miscellaneous companies. Three per cent. of gross premium receipts from life insurance companies; provided, however, that if 30 per cent. of the reserve apportioned on account of policies of insurance written upon lives of citizens of Texas is invested in promissory notes of other obligations secured by mortgage, deed of trust or other lien on Texas real estate, the tax shall be 2.6 per cent.; and when 60 per cent. of its total Texas reserve has been so invested, the tax shall be 2.3 per cent., and when 75 per cent. of its total Texas reserve has been so invested the tax shall be reduced to 2 per cent. Mutual Fire, Hail and Storm companies one-half of one per cent. on gross premium receipts.

UTAH.

ADMISSION FEES.-Filing statement preliminary to admission, $50; filing acceptance of the provisions of the constitution, $3; preparing abstract statement, $5; license to company, $5; license to company agent, $2; total admission fees to insurance department, $65; filing certified copy of articles and by-laws in Secretary of State office, $34; filing certified copy of articles and by-laws in County Clerk's office, $3.50; making total admission fees, $102.50.

ANNUAL FEES.-Filing annual statement, $50; filing list of authorized attorneys, $1; preparing abstract of annual statement for publication, $5; certificate of authority, renewable annually, $5; agent's license (one to a firm), $2.

TAXES.-One and one-half per cent. of the gross amount of premiums received less the amount of all premiums returned, within this State, during the year ending the previous 31st day of December; provided, that if any insurance company shall have paid property tax during said year, it shall be entitled to deduct from the tax therein provided the amount of such property tax paid for general State purposes.

VERMONT.

FEES.-Filing copy of charter, $30; filing annual statement, $20; certificate of authority (renewed annually), $5; agent's license (one to each member of a firm), $2; broker's license, $10. Fraternal Beneficiary Associations.-Fees: Permit to do business, $5; filing charter, $5; filing annual statement, $5; filing any additional papers required by law, 25 cents.

Retaliatory provisions for other or greater charges by other States

TAXES. Two per cent. on the gross amount of premiums and assessments received in the State, less return premiums, cash dividends paid to policyholders in the State and reinsurance in authorized companies on risks for which the full premium has been collected by the company making the return. A franchise tax of $10 for the first $50,000 of capital or deposit, and $5 for each additional $50,000, or part thereof, the whole not to exceed $50, is collected from stock companies.

VIRGINIA.

FEES ON ADMISSION.-Stock companies with $50,000 or less, $30; stock companies with $50,000 and not to exceed $1,000,000, 60 cents per thousand or fraction thereof; over $1,000,000 and not to exceed $10,000,000, $1,000; over $10,000,000 and not to exceed $20,000,000, $1,250; over $20,000,000 and not to exceed $30,000,000, $1,500; over $30,000,000 and not to exceed $40,000,000, $1,750; over $40,000,000 and not to exceed $50,000,000, $2,000; over $50,000,000 and not to exceed $60,000,000, $2,250; over $60,000,000 and not to exceed $70,000,000, $2,500; over $70,000,000 and not to exceed $80,000,000, $2,750; over $80,000,000 and not to exceed $90,000,000, $3,000; over $90,000,000, $5,000; mutual companies, $50; filing charter, per folio, 50 cents; recording power of attorney, $1: seal, $5.

ANNUAL FEES.-Agent's registration fee for each company represented, $1. ANNUAL REGISTRATION FEES.-Mutual companies and companies with capital of $15,000 or less, $5; stock companies with capital of $15,000 to $50,000, $10; stock companies with capital of $50,000 to $100,000, $15; stock companies with capital of $100,000 to $300,000, $20; stock companies with capital of more than $300,000, $25; for copies of records, per page, 20 cents; tax on seal, $1.

ANNUAL LICENSE. For the license year beginning May 1, casualty and fire companies in Virginia will be assessed 234 per cent. of their net premiums for the preceding year ending December 31. Life companies will be assessed 24 per cent. This tax is in lieu of all other taxes, both State and municipal. Industrial sick benefit companies will be assessed 1 per cent. on premiums. New companies entering the State a specific license tax of $200 is charged for the first year. If entrance is made after May 1, the amount is prorated according to the number of months the company actually operates during the year.

DEPOSIT.-Stock companies, except those doing marine business only, are required to deposit securities to the amount of 5 per cent. of capital; but such deposit shall not be less than $10,000, and need not be more than $50,000. The amount of deposit required of mutual companies is fixed by the State Corporation Commission, and they shall pay to the State Treasurer an annual fee of one-twentieth of 1 per cent. of the deposit.

Retaliatory provisions prevail.

WASHINGTON.

FEES.-All Companies Except Fraternal Associations: For filing articles of incorporation or charter, or certified copy of articles or charter, bylaws or other record of organi zation, $25; for amendments, $10; for issuing certificate of authority, $10; filing appointment of attorney to accept service, $1. Fraternal Beneficiary Associations: Filing articles and issuing certificate of authority upon entrance, $10; annual license or renewal of certificate of authority, $10.

ANNUAL AND MISCELLANEOUS FEES.-Certificate of authority (renewable an nually), $10; filing annual statement of condition and report of Washington business, $20; filing amended articles of incorporation or charter, $10; filing miscellaneous papers (each), $1; certificate under seal, $1; certified copies of papers (per folio), 20 cents.

AGENTS' LICENSES.-Agent's license (fire, life or miscellaneous), $2; solicitor's license (fire, life or miscellaneous), $2; broker's license, $100; agent's license to act for unauthorized companies, $100.

Reciprocal laws in force, and where fees of other States are greater for like services, as above enumerated, then the greater fee is required.

WEST VIRGINIA.

FEES.-Annual license fee, $10; filing annual report, $10; annual fee to State Auditor for acting as attorney to accept service of process, $10 (certificate of valuation $5. This refers only to such certificates furnished by the Department to domestic companies. Foreign companies pay filing fee of 25 cents as for other papers.) Certificate of authority to each agent, $5; for filing each additional paper required by law, 25 cents.

TAXES.-Two per cent. of gross premiums received on business written or received in the State less premiums returned for cancelled policies. A tax of one-half of 1 per cent. upon the above premiums of fire companies to defray expenses of fire marshal.

Although 2 per cent. of gross premiums, etc., is the State tax, no premiums are taxed twice; i. e., in case of reinsurance only one company pays, as determined by the contract of reinsurance between the companies.

WISCONSIN.

FEES.-Filing annual statement, all companies and associations, $25. Licenses: Life, assessment life and stipulated premium companies, $300; assessment accident associations, $25. Agent's Licenses: Fire and marine companies, one to each member of a firm, $1; all other companies, one to each member of a firm, $1.

TAXES.-Fire and marine companies 2 per cent. of gross premiums received in the State, on direct business, less return premiums and cancellations on direct business. Fire companies pay in addition to above three-eighths of 1 per cent. of gross premiums to defray expenses of fire marshal. Also a tax of 2 per cent. of all premiums received in cities or towns having fire departments fulfilling standard conditions. Tax must be paid on February 1, for the preceding year ending January 1. Casualty and surety companies a per cent. of gross premiums received in the State, without deduction.

Retaliatory and reciprocal provisions apply as to taxes by other States.

WYOMING.

FEES.-Filing statement and charter with application, $50; filing annual statement, $25; acceptance of State constitution, $2.50; agent's license, $1, $2. Copy of records, 15 cents per folio and 50 cents for seal. Fraternal and Beneficiary Associations.-Fees: filing statement and charter with application, $15; filing annual statement, $15; acceptance of State constitution, $2.50. No taxes or agents' licenses.

TAXES.-1 wo and one-half per cent. of gross premiums collected in the State. No allowance for return premiums.

INSURANCE LAWS ENACTED AT LEGISLATIVE SESSIONS OF 1917 (Corrected March 24, 1917)

ARKANSAS.

Senate Bill 243 (Alexander), regulating fraternal insurance companies.

House Bill 32 (Hardage), providing for a tax on all kinds of insurance. Act

No. 262.

House Bill 389 (Public Service Corporation), providing for boiler inspection. House Bill 486 (Holloway), assessing insurance companies. Act No. 264. House Bill 541 (Josephs), creating the office of State insurance commissioner and fire marshal. Act. No. 190.

COLORADO.

House Bill 104 (Herzberger), the New York conference fraternals bill.

House Bill 300 (Shockey), amending the workmen's compensation law so as to be more favorable to miners.

Senate Bill 296 (Elliott), relating to the insurance department.

Senate Bill 381 and 382 (Hollenbach), relating to the admission of fire mutuals.

DELAWARE.

Senate Bill 19 (Gormley), for a workmen's compensation law.

House Bill 321 (Connelly), requiring that fire insurance be paid through resident

agents.