Citation
Proposed code of fair competition for the casualty and surety insurance industry and allied activities as submitted on August 31, 1933

Material Information

Title:
Proposed code of fair competition for the casualty and surety insurance industry and allied activities as submitted on August 31, 1933
Portion of title:
Casualty and surety insurance industry and allied activities
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:
Casualty insurance -- Law and legislation -- United States ( lcsh )
Surety and fidelity insurance -- 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. 1730-03."

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:
004931088 ( ALEPH )
645463440 ( OCLC )

Downloads

This item has the following downloads:


Full Text


























































eitingtonD.C. I Prce l cnt


8 BUBMITTED





UNIV. OF:.

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ON AUGUST 31, 1933


R.
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ti..;.ii.... The Code for the Casualty and
~2:li:8 rety Insurance Industry and Allied Activities
iidfwnrm m~ieJre reflects the proposal of the above-mentioned
ad..$;i~Zrnos eof the prooisions contained therein are
reigardedji~rX as having received the approvail]of
&" Natp io~inal Recovery Adrainistrartion
as~u~ applying to this industry




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COVERYER ADMINISTRATION


DcCgE OF FAIR COMPETITION



~ AND SURETY INSURANCE

TRY ANjD ALLIED ACTIVITIES




























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ASSOCIATION OF CASUAIDC I ATD SURETY EXECUTIVES~~










at COMPi~~ii~i:ANIES MEMBERS OF THE ASSOCIA-
Apf C~ls@ALTY AND SURETY EXECUTIVES AND ITS
$FI 'I'IV ORANIZATI ONS
(5afociaio of Casualty and Surety Executives and its affiliated
onet being in sympathy with the spirit and purpose of the
i::in iitrial Recovery Act, presents this Code to the President
id the- program leading toward the economic and business
Oif ~the Un~ited States,' the necessity for which is stated in
i'8sctiion: 1 of the Act:

AnaIcLE I-APPLICATION OF CODE
Aii~xssciamtion of Casualty and Surety Executives affirms that it
gEF~o in equitablb e restrictions on its members and participation
e~~aitiiies, and it is truly representative as a national association
nal~ityT and surety insurance companies operating on the stock
~e~mbership, in whole or in part, maintains, supports, or sub-
k t:'o ;,i~n~surancce rating bureaus and associations, all of which
w~itiihin the purview of this Code.
o Idpreration of the business of casualty and surety insurance and
6Ielfled activities are rligidly controlled by the laws of the several
Wh-iceh are not rescinded or set aside by the National Industrial
SAct. Nothing herein shall obligate the companies, memn-
d'ib Association of Casualty and Surety Executives, to any
irreement, or understanding prohibited by the laws of any of

ARTICLE II-1.JABOR PROVISIONS
gees shall have the right to organize and bargain collec-
bugha~ representatives of their own choosing, and shall be
the interference, restraint, or coercion of employers of labor,
eits, in the designation of such representatives or in self-
a or in otherhe concerted activities for the purpose of
arginngor other mutual aid or protection.
loyee and no one seeking employment shall be required
,o employment to join any company umion or to refrain
oargaiizing, or assisting a labor organization of his own
slhall comply wlith the maximum hours of labor,
tfpay, eand other conditions of employment approved
the President.
After August 31, 1933, no person under sixteen years
employed, except that persons between fourteen and
I e; ni be -employed for not to exceed three hours
b6irs Atw~een' 7 a.m. to 7 p.m., in sueh work as wil
ithhuirs of day school, provided, however, that where
pt tribes a.l~ower mnummum age no person shall be
ch State below the age specified by such State Law.
Ki(1)




;ii .:..Iii, :UNIVERSITY FFLOR ID ,"

3' 1262 : 08582 8209

BaTrIat: III---Honvas or~ Eat

(a) Not to work I~BP Lgany mpoyesengge i te
for mnore thOeig hoursy say ~4;gg
consisyng~~o 'cSlgy 3~. pptpaypgp~igspgr sup
inspectors, service engmeers, symn 3 l~qq gpn 4~;
employees handling mortgages and real estate,
for rthe most parti~ astrouts~ridieelB th6'~~a;;ice I e-(: t?ff2~~
(b) The .manhamsnihqr~'aerP~2e Azed ntefu i
nrot apply to. employeesitle amimelag;eidi~a of: .
their technical -assist~b;tuds-wxlaohow rpeeav~oe sla tiaPr
nor to gu~ards: aside~t wa~tchmas~p-. z.endayed~ te~4 gesina
for an aggregate period not exceeding eight weekstiis
employees on emergency work incident to the rprto
statements or speciial'd dgsas reuiedlr the raEspeewe sat
supervision of the insurance business or to extra work in 6 --
secoulnt of sih~ unuass~.I~i~ ~~al~;.u~ notlule claims-ob 'to sed
restrietions in hours o'f ~~hgigh technied~ wuork~-aEaatrshine&
h~amrper 'opera tjion s.i !i~ I~ ~;.; c. .;i~ : i.)

Employees engaged in: thee butinoerss od ~insucance ~sgoi be
1. (a) Lass than $15 la weakt,in~ -anyacity-of over; soO
or in the immediate trade area of suhch dty JF
(b) Less than. 814.50 a w~ieek hji any eity bet~iReemin
500,000 plop ulation i or in .#he' iijmedists trade arse o@ as~i
(e) Less thatn' $14Q al week in.anyr city: be week a~~
population or in the imnuiediae teitae -area~ of such y6~t;.:
(d) In towns o~f l te tanL 2,5000popllation:li dral;,pegedi
creased by nrot le~ss than- 20 ppegaen;:pro~vidded~that sh
require wages in excess of $12 a week.
2. (a) Messenlgers ~,t.my be; paid;, not less than ;75 p
minimum wages above specified.
(b) Junior file .cerkzs. for .a period o six mons~ths~ aift r
may be paid not less- than 75 :perent,aE of W in
specified .!; ?. I
Employees referred to in6Sectione.2 ta)D~ a itj by
10 percent of the total.numliber of. ~emp oves a


Population for the purpose of this n~ 4."nt
by reference to the 1930 F'ederal Census.
-The provisions of this Code m]Eay,~ uP~pop etitipn~..
of Casualty and Surety Execu tiv es..be n ~e
of the President, as changes in circumst~nanch
indicate.,
TIhis Code shall become effective whez'~P~i ap -
AGCAssocNo or CbSAsmTY- .an $ti
By F. ROBERTBON JONES, Gener~s a cl Mana -
O."'; L"




Full Text

PAGE 1

Registry No. 1730-03 NATIONAL RECOVERY ADMINISTRATION PROP OSED CODE OF FAIR COMPETITION FOR THE CASUALTY AND SURETY INSURANCE INDUSTRY AND J\LLIED ACTIVITIES AS SUBMITTED ON AUGUST 31, 1933 The Code for the Casualty and Surety Insurance Industry and Allied Activities 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 approvalJof 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. • -Price 5 cents

PAGE 2

SUBMITTED BY ASSOCIATION OF CASUALTY AND SURETY EXECUTIVES (D)

PAGE 3

CODE OF THE COMPANIES MEMBERS OF THE ASSOCIA TION OF CASUALTY AND SURETY EXECUTIVES AND ITS AFFILIATED ORGANIZATIONS The Association of Casualty and Surety Executives and its affiliated organizations, being in sympathy with the spirit and purpose of the National Industrial Recovery Act, presents this Code to the President to forward the program leading toward the economic and business recovery of the United States, the necessity for which is stated in Title 1, Section 1 of the Act. ARTICLE I-APPLICATION OF CODE The Association of Casualty and Surety Executives affirms that it imposes no inequitable restrictions on its members and participation in its activities, and it is truly representative as a national association of casualty and surety insurance companies operating on the stock plan. Its membership, in whole or in part, maintains, supports, or sub scribes to insurance rating bureaus and associations, all of which come within the purview of this Code. The operation of the business of casualty and surety insurance and its allied activities are rigidly controlled by the laws of the several states which are not rescinded or set aside by the National Industrial Recovery Act. Nothing herein shall obligate the companies, mem bers of the Association of Casualty and Surety Executives, to any action, agreement, or understanding prohibited by the laws of any of the states. ARTICLE II-LABOR PROVISIONS 1. Employees shall have the right to organize and bargain collec tively through representatives of their own choosing, and shall be free from the interference, restraint, or coercion of employers of labor, or their agents, in the designation of such representatives or in self organization or in other concerted activities for the purpose of collective bargaining or other mutual aid or protection. 2. No employee and no one seeking employment shall be required as a condition of employment to join any company union or to refrain from joining, organjzing, or assisting a labor organization of his own choosing; and 3. Employers shall comply with the maximum hours of labor, minimum rates of pay, and other conditions of employment approved or prescribed by the Presjdent. 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, provided, however, that where a State Law prescribes a lower runimum age no person shall be employed in such State below the age specified by such State Law. 9679-33 (1)

PAGE 4

UNIVERSITY ~ F FLORIDA 2 II I II IIIIII Ill Ill lllll lllll II IIIIII II IIIII Ill 1111111111111111111 3 1262 08582 8209 ARTICLE III-HouRs OF EMPLOYMENT (a) Not to work any employees engaged in the business of insurance for more than 40 hours in any 1 week, except outside representatives consisting of adjusters, appraisers, auditors, collectors, investigators, inspectors, service engineers, special agents, solicjtors, raters, an