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'surahee will ultimately go to the agency through which it can be
transacted the: most efficiently and economically. Stock fire in-
suralnee must iceept this test and its expenses must be adjusted
accordingly. it. has no cause to complain if it is allowed full
freedom in working oiut its problems on the one hand, and on the
olther is not permitted to embarrass or restrict the free operation
of any competing agency.
SUMAWIVAlY OF NEW LAWS.
The following newv lawrs relating to, fire insurance and to fire
prevention were enacted in 1913.
FIRE INS URANCE.
Fire insurance taxes to be calculated uniformly on gross pre-
miiums for direct insurance, less cancellations and dividends.
Section 1219, Chapter 638.
Investment law revised and Canadian investments authorized.
Section 1903, Chapter 553.
Reinsurance may be effected, in authorized or unauthorized
eomnpanies. Section 1905, Chapter 637.
Lloyds associations and inter-insurers may be admitted to
transact business in the state. Section 1915 and 1915m, Chapter
210.
Requirement of publication on application of foreign insiur-
ance companies for admission repealed. Section, 1915, Chapter
637.
Policyholder to be a preferred claimant for unearned fire per-
mium unless otherwise agreed. Section 1941-635, Chapter 464.
Unauthorized fire policy void. Section 1941-64m, Chapter
366.
Rate with and without co-insiurance to be specified. Section
1.943a, Chapter 208.
Extension of credit upon a premnium for less than 60 days
without interest, or for a longer period with interest, as agreed
upon in writing, declared not to l)e a rebate. Seetion 1955o,
Chapter 445.
Schedule of commissions paid to agents to be reported annu-
ally. Section 1977a, Chapter 282.
Effecting unauthorized fire insurance in the state penalized.
Section 4575s, Chapter 366.