Hegletry No. IT3D---t
instad RECOVERY ADMINISTRATION
AODE OF FAIR COMPETITION
SU;ti i~RANC E BROKERS
r-; AB SUBMITTED ON AUGUST 30, 1933
.INIV OF F
The Code for the Insurance Brokers Industry
) pres~ent form merely reflects the proposal of the above-mentioned
atr, and none of the provisions contained therein are
to be regarded as having received the apprqual of
the National Recovery Administration
as applying to this ind utf
:iipliLiiden s to~ien, Waishington, D.C. ~-`4 Price 5 cosnl
"I : ';ii~
THE: INSURANCE BROKEREP ASBOO1ATION~ OF NEW YORK AND~~lil
COOPERATING INSUPBAN~ BRO-KERAGE ASSOCIATIONS1 ..:!5
D~ :OF' VA;IR;' COMPETITION OF THE INSURANCE
iLORERS,!~: MEMZBE~RS OF THE INSURANCE BROKERS'
SBOCIATION ONEW YORK, INC., AND COOPERATING
~IS:EI~;3 ANCE~: BR~OKBERS' ASSOCIATIONS
"he~:insurancoe brokers, members of either The Insurance Brokers'
'ain of Ne~w York, Inc., or one of the cooperating insurance
C'S"';.: organilza8tions,, being in _sympathy with the spirit and
soof thie National Industrial Recovery Act, present this Code
~r~Presidtent to forward the program leading toward the eco-
~i~~~ and business recovery of the United States, the necessity of
~s stated in Title 1, Section 1 of the Act.
i'fhis Code is intended to apply to insurance brokerage houses
trigon the business of insurance brokerage as their chief occu-
ti~on1,, and is not intended to apply to insurance agents primarily
gngas such but holding broker's licenses as an mocident to their
"Te ~Insurance Brokers' Association of New York, Inc., and coop-
ajst~ingp Inurance Brokerage Associations affirm that they impose
~ineuitable restrictions on their members and that these organiza-
I asB are truly representative of insurance brokers throughout the
a) T"he following Insurance Brokers' Associations are cooperating
5iti thie Insurance Brokers' Association of New York, Inc., in filing
a T~;'Code :
Insurance Brokers' Association of Illinois.
Insurance Brokers' Association of Massachusetts.
Insurance Brokers' Exchange of San F'rancisco.
Brtoo'klynl Insurance Brokers' Association.
B .rownsville! & East New York Insurance Brokers' Association.
:Plrequire by Section 7 (a) of Title 1 of the National Industrial
:Aii~~ct, the following provisions are conditions of the Code:
Thtlf :emaploygees shall have the right to organilze and bargain
gI eat~,ivel, hru representatives of their own choosing, and shall
16 free; i~sfront he interference, restraint, or coercion of employers of
tijF or thleir~ ag~enlts, in 'the designation of such representatives or
sp anisation~ b orin. other concerted activities for the purpose of
~oroher mutual aid or protection;
rr~~ic~tpt~Iaaa Q 4eeC and no one seeking employment shall be
;:as i4 nCiii ofE employment to jomn any company umion
efamit Joiningij organizing, or assisting a labor organiza-
UNIVERSITY OF FLORIDA
'* ~~~~~~2 lllg#1l811M
3 1262 08582 8225
3. That employers shall comply with the rmaimed
minimum rates of pay, and other conditions ofe
outlined in this Code.
1. Oh~il labor.-A~fter. j~ugypts Q~j 198% as: perPena
years of age shall be emp~loyed, ozeep thak '98~a
and sixteen years of..age mayj b~leBpg. wp~ -l' ,dor no'ttei
hours a day and those~hours between.c 7 -skm.: to punilp~~
as will not interfere with hours of day scho~orl.
2. Hours of e~mploymen.-(a.) Not to worn~ any ep
gaged in the business of inxsuranlce brolorag, exoppy
resentatives, for more than forty hours in any ,one v
(b) The maximum.hourst .fied in' the ;foregazgPar;
shall not apply to 'employTees in .a, jmapagrxa ris .excf
nor to their technical assistants who now.receive mrore,h
week; nor to employees on emergency work.whers the'
hours of highly technical workers would unarvo id''3
3. Wages.--Employees engaged in the business of insrn
era shall be paid not: i o vr50jpb
)Less than $15 a weeks in any iyo ve Q,0
or in the immediate trade area, of such city;
(b) Less than $14.50 a week in any cnity betwAeen 2.
500,000 population or in the immediate tradee area, of pcii
(c) Less than $14 a week in, any city, between~ 8, 00 andii
population or in the immed~iate.ra~dle~area of suceh city :, ;.
( id) In towns of less than 2,500 poppulati~on..all waggyIF~
increased by not less than. 20 percent~f, provided that.at a
require wages in excess of $19 a week..
Errand boys and girls, and junnior fie. clerks may be1 pat
than 75 percent of thFe minimum wages above. speelfed, an(~'
for a period of six months after employment mayllj be aidi
than 75 percent of the minimum wages above speediied..
Population for the purpose of this agreement snshall. be
by reference to the 1930 F~ederal Census..
In submitting or subscribing to this Codel insurance b
not thereby agree to accept or to comply wnth any oh
ments than those herein contained or warve any ngitf to o
the imposition of any further or different requirements o
any constitutional rights.
This Code will become effective when approved. ~~(