Citation
Proposed code of fair competition for the insurance brokers industry as submitted on August 30, 1933

Material Information

Title:
Proposed code of fair competition for the insurance brokers industry as submitted on August 30, 1933
Portion of title:
Insurance brokers industry
Creator:
United States -- National Recovery Administration
Place of Publication:
Washington, D.C
Publisher:
United States Government Printing Office
Publication Date:
Language:
English
Physical Description:
2 p. : ; 24 cm.

Subjects

Subjects / Keywords:
Independent insurance agents -- Law and legislation -- United States ( lcsh )
Insurance agents -- Law and legislation -- United States ( lcsh )
Genre:
federal government publication ( marcgt )
non-fiction ( marcgt )

Notes

General Note:
Cover title.
General Note:
At head of title: National Recovery Administration.
General Note:
"Registry No. 1730-05."

Record Information

Source Institution:
University of Florida
Rights Management:
This item is a work of the U.S. federal government and not subject to copyright pursuant to 17 U.S.C. §105.
Resource Identifier:
004931094 ( ALEPH )
645463523 ( OCLC )

Full Text


Hegletry No. IT3D---t


instad RECOVERY ADMINISTRATION



AODE OF FAIR COMPETITION
FOR THE


SU;ti i~RANC E BROKERS

INDUSTRY

r-; AB SUBMITTED ON AUGUST 30, 1933






.INIV OF F



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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




"UNITED STATBB!I\
(iOVERNjiBNT PRINTING
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THE: INSURANCE BROKEREP ASBOO1ATION~ OF NEW YORK AND~~lil
COOPERATING INSUPBAN~ BRO-KERAGE ASSOCIATIONS1 ..:!5


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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.
DEFINITION

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
gpncy~ bus~iness.
"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
Inted IStates.
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.
LABOR PROVISIONS

: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
operations.
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. ~~(




Full Text

PAGE 1

RegistrY No. 1730-05 NATIONAL RECOVERY ADMINISTRATION PROPOSED CODE OF FAIR COMPETITION FOR THE INSURANCE BROKERS INDUSTRY AS SUBMITTED ON AUGUST 30, 1933 • I • I O TORY The Code for the Insurance Brokers Industry in its present form merely reflects the proposal of the above-mentioned industry, and none of the provisions contained therein are to be regarded as having received the approval of the National Recovery Administration as applying to this industry UNITED STATES GOVERNMENT PRINTING OFFICE WASHINGTON : 1933 For sale by the Superintendent of Documents, Washington, D.C. -\ l I I --Price 5 cents

PAGE 2

SUBMITTED BY '.rHE INSURANCE BROKERS' ASSOCIATION OF NEW YORK AND COOPERATING INSURANCE BROKERAGE ASSOCIATIONS (ll)

PAGE 3

CODE OF FAIR COMPETITION OF THE INSURANCE BROKERS, MEMBERS OF THE INSURANCE BROKERS' ASSOCIATION OF NEW YORK, INC., AND COOPERATING INSURANCE BROKERS' ASSOCIATIONS The insurance brokers, members of either The Insurance Brokers' Association of New York, Inc., or one of the cooperating insurance brokerage organizations, being in sympathy with the spirit and purpose of the National Industrial Recovery Act, present this Code to the President to forward the program leading toward the eco nomic and business recovery of the United States, the necessity of which is stated in Title 1, Section 1 of the ' Act. DEFINITION This Code is intended to apply to insurance brokerage houses carrying on the business of insurance brokerage as their chief occu pation, and is not intended to apply to insurance agents primarily acting as such but holding broker's licenses as an incident to their agency business. The Insurance Brokers' Association of New York, Inc., and cooperating Insurance Brokerage Associations affirm that they impose no inequitable restrictions on their members and that these organiza tions are truly representative of insurance brokers throughout the United States. (a) The following Insurance Brokers' Associations are cooperating with the Insurance Brokers' Association of New York, Inc., in filing this Code: Insurance Brokers' Association of Illinois. Insurance Brokers' Association of Massachusetts. Insurance Brokers' Exchange of San Francisco. Brooklyn Insurance Brokers' Association. Brownsville & East New York Insurance Brokers' Ass ociation. LABOR PROVISIONS As required by Section 7 (a) of Title 1 of the National Industrial Recovery Act, the following provisions are conditions of the Code: 1. That employees shall have the right to organize and bargain collectively, through representatives of their own choosing, and shall be free from the interference, restraint, or coercion of employers of !abor, or their agents, in the designation of s uch representatives or in self-organization or in other concerted activities for the purpose of collective bargaining or other mutual aid or protection; 2. _That no employee and no one seeking employment shall be required as a condition of employment to join any company union o_r to ref~ain from joi_ning, organizing, or assisting a labor organiza tion of his own choosing; and 9425-33 (1)

PAGE 4

2 111111111111rn~mi1'i 1111i1r 1111111ij~i m11111111 3 1262 08582 8225 3. That employers shall comply with the maximum hours of labor, minimum rates of pay, and other conditions of employment, as outlined in this Code. l. Child labor.-After August 31, 1933, no person under sixteen years of age shall be employed, except that persons between fourteen and sixteen years of age may be employed for not to exceed three hours a day and those hours between 7 a.m. to 7 p.m., in such work as will not interfere with hours of day school. 2. Hours of employment.-(a) Not to work any employees engaged in the business of insurance brokerage, except traveling rep resentatives, for more than forty hours in any one week. (b) The maximum hours fixed in the foregoing paragraph (a) shall not apply to employees in a managerial or executive capacity nor to their technical assistants who now receive more than $35 per week; nor to employees on emergency work where the restriction of hours of highly technical workers would unavoidably hamper operations. 3. W ages.-Employees engaged in the business of insurance brok erage shall be paid not: (a) Less than $15 a week in any city of over 500,000 population or in the immediate trade area of such city; (b) Less than $14.50 a week in any city between 250,000 and 500,000 population or in the immediate trade area of such city; (c) Less than $14 a week in any city between 2,500 and 250,000 population or in the immediate trade area of such city; ( d) In towns of less than 2,500 population all wages shall be increased by not less than 20 percent, provided that this shall not require wages in excess of $12 a week. Errand boys and girls, and junior file clerks may be paid not less than 75 percent of the minimum wages above specified, and learners for a period of six months after employment may be paid not less than 75 percent of the minimum wages above specified. Population for the purpose of this agreement shall be determined by reference to the 1930 Federal Census. In submitting or subscribing to this Code, insurance brokers do not thereby agree to accept or to comply with any other require ments than those herein contained or waive any right to object to the imposition of any further or different requirements or waive any constitutional rights. This Code will become effective when approved. 0