LIBRARY 
 
 OF THE 
 
 University of California. 
 
 GIFT OF 
 
 H.....S-... H-ou. 
 
 Class 
 
305( 
 
 HAND BOOK 
 
 OF THE 
 
 New York 
 Fire Insurance Exchange 
 
 CONTAINING 
 
 THE AGREEMENT, LIST OF MEMBERS, GENERAL RULES 
 
 AND RATES, CLAUSES AND PRIVILEGES, FORMS 
 
 AND GENERAL MINIMUM RATES 
 
 Compiled and Revised to April i, 1903 
 
 BY 
 
 HENRY E. HESS 
 Manager 
 
 Press or Andrew H. Kellogg Co. 
 409-415 Pearl Street 
 
 New York 
 

 
INDEX. 
 
 Accrued Warehouse Charges 74, 75 
 
 Acetylene (Calcium Carbide) 51 
 
 Additional Premiums 27, 45 
 
 Adjustment of rates issued prior to formation of the Exchange.. 53 
 
 Adoption of Name 5 
 
 Affidavit risks excepted from rule regarding Re-Insurance 29 
 
 Agency 19, 22 
 
 None in Manhattan and Bronx 20 
 
 Exceptions 20 
 
 Not entitled to membership 19 
 
 To equal Head Office in rank 19 
 
 Agency Members 34 
 
 Agents. 
 
 Amenable to rules and rates 24 
 
 Appointment of, must be reported in seven days 25 
 
 Appointments if objected to 25 
 
 Must be revoked 25 
 
 Appeals , 25 
 
 Brooklyn Districts defined 22 
 
 Compensation 22 
 
 Failing to file premium certificates to be reported 26 
 
 Forms of premium certificates to be issued by 26 
 
 Hoboken Agents not to write in New York 23 
 
 Hudson County Agents not to write in New York 23 
 
 Jersey City Agents not to write in New York 23 
 
 Names and addresses to be filed 24 
 
 New Jersey resident Agents 23 
 
 None in Manhattan or Bronx 20 
 
 Of Exchange companies may not represent Non-Exchange 
 
 companies 19 
 
 Offices must be in districts for which appointed 22 
 
 Outside, prohibited from writing risks in Exchange terri- 
 tory 15 
 
 Statement of payment of premiums to be filed by 26 
 
 Agreement 5 
 
 Allowance of discount for cash payment a violation 27, 47 
 
 For Automatic Fire Alarm 38 
 
 For Automatic Sprinklers 38, 39 
 
 For improvements 107 
 
 For Sole Occupancy, when not permissible.. 70 
 
 112678 
 
index. ii 
 
 Alterations and Repairs. 
 
 Extraordinary (Builders Risk) 51 
 
 Ordinary (Mechanics Privilege) 62 
 
 Amendments (changes in agreement) 31 
 
 Annual Risks 15 
 
 Apartment Hotels, household furniture in 44 
 
 Apartment Houses 39, 40 
 
 Area of 39,40 
 
 Definition of 40,43 
 
 Manager authorized to rate specifically 39 
 
 Three per cent. Limitation Clause ...76 
 
 When Branch Offices may write 40-42 
 
 Warranty 39 
 
 Appeals 14 
 
 Application for rate 52 
 
 Pass to accompany if needed 53 
 
 Applications regarding transfers from storage stores 17 
 
 Appointments of Agents must be reported in seven days 25 
 
 Appraisals for Co-Insurance 76, 77, 78 
 
 Appraisers of Valuation for Co-Insurance, names of 78 
 
 Certificate to be issued by 77, 78 
 
 Requirements for position 77 
 
 Removals of 77 
 
 Arbitration Committee 11 
 
 Accused member shall not serve thereon 11 
 
 Alphabetical retirement of members 11 
 
 Appeals from decisions of 13 
 
 Certificates mailed to local Companies 11 
 
 Certificates mailed to outside Companies 12 
 
 Chairman 11 
 
 Composed of 11 
 
 Fines may be imposed 12, 13 
 
 May authorize substitution of policies 14 
 
 Power to examine books 12 
 
 Power to examine under oath 12 
 
 Refusal to reply, considered an admission of truth 12 
 
 Shall employ an accountant or auditor 12 
 
 Terms of office 11 
 
 Area of operation 14 
 
 Arrangements against rules to be relinquished 31 
 
 Information as to such arrangements 31 
 
 Ash or Waste Cans 103 
 
 Assessments for Expenses 8 
 
 Assignments of elevator or warehouse policies 17, 18 
 
 Automatic Alarm (see also Fire Alarm) 38, 78 
 
 Allowances for 38 
 
 In Listed Storage Stores 38, 60 
 
INDEX. Ill 
 
 Automatic Alarm— Continued : 
 
 No permit granted for inoperative condition 38 
 
 Owned or installed by a Broker 47 
 
 Automatic Sprinklers (see also Sprinklers) 38, 39. 79 
 
 Allowance for 38, 39 
 
 No permit granted for inoperative condition 39 
 
 Not entitled to allowance until so stated on rate card 39 
 
 On separate floors 38 
 
 Owned or installed by a Broker 47 
 
 Automobiles, privilege to keep Ill, 112 
 
 Storage stables for 79 
 
 Average Clause, Eighty per cent 81, 82, 83 
 
 One Hundred per cent 41, 56, 57, 84, 85 
 
 Average Rates 41. 42 
 
 For Blanket Policies may be made only by Manager 42 
 
 Basement, or Grade Floor Limitation 58 
 
 Basements sprinkled 40 
 
 Discount for 40 
 
 Benzine 88, 89 
 
 Bin for Excelsior or Packing Materials 105 
 
 Binders. 
 
 Form for shall be prepared 16 
 
 Must be at rates in cabinets 41, 53 
 
 On rated risks 52 
 
 Binding Risks 40 
 
 Blanket Policies 41,42 
 
 Average rates for, may only be made by Manager 42 
 
 Highest rate must be charged , 41 
 
 On building, machinery and stock, allowance for 41 
 
 On merchandise, furniture and fixtures, allowance for 41 
 
 On merchandise in cars on rails 41 
 
 On merchandise in or on piers 41 
 
 On two or more buildings communicating 41 
 
 On two or more buildings not communicating, no deduction. .41 
 
 Blower System 103 
 
 Boarders in dwelling, presence of 80, 108 
 
 Boiler Room 103 
 
 Brackets, Gas 104 
 
 Branch Offices 19 
 
 Amenable to rules and rates 24 
 
 Apartment Houses may be written by, when 40 
 
 Appointment revoked 24 
 
 Brooklyn Offices 22 
 
 Buildings in Course of Construction, when they may 
 
 write 12,48 
 
 Classes of risks allowed to be written 20, 21 
 
 Compensation of Managers 22, 24, 42 
 
INDEX. IV 
 
 Branch Offices— Continued : 
 
 Convents may be written by 21, 23 
 
 Dealings must be confined to members represented 21, 22 
 
 Form of premium certificates, to be issued by 26 
 
 Managers 42 
 
 Not to be employed by any other member 24 
 
 Maintained by two or more members 42, 43 
 
 Must provide cabinet for list of Brokers 43 
 
 Must write above line mentioned in Section 18 (c) 20 
 
 Must write in their own districts 22, 23, 24 
 
 None allowed in certain districts 20 
 
 No brokerage allowed 24 
 
 Penalty for violation by Managers 24 
 
 Policies executed in blank by Head Office prohibited 21, 42 
 
 Restricted in Borough of the Bronx to West of Bronx 
 
 River 21,43 
 
 Salary paid Branch Manager 42 
 
 Specifically rated Apartment Houses, written at 40 
 
 Territory allowed 20 
 
 Brick buildings with frame extensions take frame rate 50 
 
 Brokers. 
 
 Business not to be purchased 18 
 
 Certificates 9 
 
 Maybe revoked 10 
 
 Clerks or employees of assured not eligible 10 
 
 Failure to renew Certificate in season 10, 47 
 
 Handlers of single lines not eligible 10 
 
 Held responsible for an employee's violations 45 
 
 Gifts to 47 
 
 May not act as agents for Non-Exchange Companies 46 
 
 Must not install protective equipments of any kind 47 
 
 Must not allow commission on risks outside of Exchange 
 
 territory 46 
 
 Not to receive more commission from Non-Exchange than 
 
 from Exchange Companies 46 
 
 Pledge required 10 
 
 To sign an agreement 10 
 
 Pledge, Class 1 37 
 
 Pledge, Class II 37 
 
 Presents to 47 
 
 Right of appeal to Arbitration Committee 10 
 
 Brokerage and Commission 18, 44, 45 
 
 Allowance of rebate forbidden 45 
 
 Not allowed to Branch Manager 24 
 
 Not allowed to Broker prior to date of application for 
 
 certificate 46 
 
 Not allowed under certain conditions 13 
 
INDEX. 
 
 Brokerage and Commission— Continued : 
 
 Offer of rebate 44 
 
 On additional premiums 46 
 
 On buildings occupied as dwellings and stores 44 
 
 On furniture in apartment hotels 44 
 
 On household furniture in storage warehouses 45 
 
 On risks cancelled by order of Arbitration Committee 46 
 
 On risks outside Exchange territory 44, 45 
 
 On tornado insurance 44 
 
 Prior to date of application for Broker's certificate 46 
 
 To employee not holding certificate 46 
 
 Brokerage Committee 9, 10, 11 
 
 Alphabetical rotation of members 9 
 
 Chairman 9 
 
 Composed of 9 
 
 Certificates to be revoked by 10 
 
 New certificate issued to such Broker, how 10 
 
 Revoke right to receive commissions for a stated period. .13, 46 
 
 Right of Broker to appeal to Arbitration Committee 10 
 
 Shall secure information regarding applications 9 
 
 Terms of office 9 
 
 To certify applicants 9 
 
 Brooklyn Branch Offices and Agencies 22 
 
 Buckets 103 
 
 Builders Permits, renewal of 51 
 
 Builders Risk (extraordinary alterations and repairs) 51 
 
 Alterations and repairs, extraordinary 51 
 
 Building Signal 86 
 
 Buildings. 
 
 Brick buildings with frame addition or extension take 
 
 frame rate 50 
 
 Communicating 54, 55 
 
 Blanket policy on 41, 42 
 
 Frame attachments to brick buildings 50 
 
 Frame buildings 109, 110 
 
 Improvements to 59 
 
 In course of construction 21, 48, 49 
 
 Rates 48,49 
 
 Requirements for policies covering 48, 49 
 
 Outbuildings 118 
 
 Policies covering Contingent Liability on buildings 50 
 
 Unoccupied 73 
 
 Building Rates 50 
 
 Cabinets and cards, rate, property of the Exchange 16 
 
 Calcium Carbide (Acetylene) 51 
 
 Privilege to use 88, 89 
 
 Cancellations, because of violations 13 
 
INDEX. VI 
 
 Cancellations and Rebates 16 
 
 Cancellation Notices 25, 26 
 
 Cancelling and Rewriting Policies 17 
 
 Cards and cabinets, rate, property of the Exchange 16 
 
 Cards found incorrect must be reported 53 
 
 Cash payments, discount for, a violation 27, 47 
 
 Ceilings 104 
 
 Certificates under Open Entry Policies 51, 52 
 
 Certificate, Premium, form of 26 
 
 Changes of interest not to be recognized in advance 53 
 
 Changes of Occupancy, Construction or Hazard 52, 58 
 
 Binders on rated risks 53 
 
 New rate issued same day as application, governs 53 
 
 Pass, when required, to accompany application for rate 53 
 
 Privilege to open new communications 53 
 
 Reductions in rate must not be dated back 52 
 
 Changes. 
 
 In Agreement 31 
 
 In Committees, notice of 11 
 
 Charge for endorsement for extra premium 66 
 
 Charge of less than 25c. additional premium may be waived 28 
 
 Charges against a fellow member 14 
 
 How made 14 
 
 Source not to be indicated 14 
 
 Church, Chapel or Sunday School Form 90, 91 
 
 Cigar Factories and Stores 54 
 
 Clauses, Privileges, and Warranties 76-89 
 
 Apartment House, 3% Limitation 76 
 
 Automatic Fire Alarm 78 
 
 Automatic Sprinkler 79 
 
 Automobile Storage Stables 79 
 
 Average, Eighty percent 81, 82, 83 
 
 One Hundred per cent 84, 85 
 
 Certificate of valuation for Co-Insurance 76, 77, 78 
 
 Clear Space Warranty 79 
 
 Co-Insurance, Eighty per cent 81, 82, 83 
 
 Full 84, 85 
 
 Consequential Loss Exclusion 79, 80 
 
 Distribution 80 
 
 Dwelling Warranty 80 
 
 Dynamo 81 
 
 Eighty percent. Average 81, 82, 83 
 
 Electric Light 83, 84 
 
 Flat House Warranty 80 
 
 Floor Clause in Fire-proof Buildings 85 
 
 Materials, Work and 88, 89 
 
 Occupancy Warranty 84 
 
INDEX. Vll 
 
 Clauses, Privileges and Warranties— Continued: 
 
 One Hundred percent. Average 84 
 
 Pattern (ten percent.) Limitation 85 
 
 Personal Property (three per cent, limitation) 76 
 
 Private Warehouse Warranty 85 
 
 Bent 86 
 
 Special Building Signal 86 
 
 Telephone and Telegraph Station 86, 87 
 
 Theatre Warranties : 87 
 
 Watchman and Clock 87 
 
 Wharf 87,88 
 
 Work and Materials 88, 89 
 
 Waiver, in violation 74 
 
 Clear Space Warranty 79 
 
 Clerk of assured, no brokerage to 18 
 
 Clothing Manufacturing 115 
 
 Co-Insurance 56 
 
 Appraisals for 76, 77, 78 
 
 Covering Household Furniture 57 
 
 Eighty per cent, rules 57, 81, 82, 83 
 
 Full 56,57 
 
 In building policy 57 
 
 Maybe modified 82 
 
 May be dispensed with 82 
 
 Working a hardship to assured 82 
 
 Cold Storage, Consequential Loss in 55, 56 
 
 Commission not to be allowed for re-insurance of Non-Exchange 
 
 companies by members 29 
 
 Commissions and Profits, no allowance for Full Co-Insurance 
 
 Clause 54 
 
 Committees. 
 
 Arbitration 11 
 
 Brokerage 9, 10, 11 
 
 Executive 8, 9 
 
 Nominating 7 
 
 Rate 8, 9 
 
 Common Carriers 91, 92 
 
 Communicating Buildings 54, 55 
 
 Blanket Policies covering on .54 
 
 Privilege to open new communications 53, 54, 55 
 
 With non-approved doors 55 
 
 Communications 104 
 
 Companies represented by members 35, 36 
 
 Company Members 33, 34 
 
 Company to notify Manager whether Agent or Company to vote. . .8 
 
 Compensation of Branch Managers 22, 24, 42, 43 
 
 Composition of Membership 6 
 
INDEX. Vlll 
 
 Competitive Rates 55 
 
 Condition 104 
 
 Consequential Loss in Cold Storage 55, 56 
 
 Loss Exclusion Clause 79, 80 
 
 Construction, fire-proof and superior 56 
 
 Contingent Liability on buildings 56 
 
 Contingent Commission to Branch Managers, a violation 43 
 
 Convents may be written by Branch Managers 21 
 
 Correction of Deficiences, Requirements In 103, 105 
 
 Cotton Floaters 93, 99 
 
 Debris, Removal of 64 
 
 Decisions to be abided by 5 
 
 Deductions, Order in which shall be made 63 
 
 Defective Electrical or Heating Apparatus, charge for 73, 110 
 
 Deficiences, Requirements in Correction of : 
 
 Ashes 103 
 
 Blower system 103 
 
 Boilers 103 
 
 Buckets 103,104 
 
 Ceilings or side walls 104 
 
 Communications 104 
 
 Condition 104 
 
 Fire heat 104 
 
 Flues 104 
 
 Floor openings 104 
 
 Gas Brackets 104 
 
 Heating 104 
 
 Lighting 104 
 
 Oily Waste or Rags 104 
 
 Packing Materials 105 
 
 Shavings Vault 105 
 
 Shutters 105 
 
 Skylight 105 
 
 Storage of Oils, etc 105 
 
 Unsafe Heating Apparatus 105 
 
 Waste or Rags, oily 104 
 
 Watchman and Clock 105 
 
 Watchman's Lantern 105 
 
 Dental tools and physicians Implements 117 
 
 Discount for cash payment a violation 27, 47 
 
 Distribution pause 80 
 
 Rules covering apply when policy Is written under an 
 
 average rate 41 
 
 Doors, non-approved 55 
 
 Dressmakers and milliners in dwellings 71, 117 
 
 Dry Goods District Boundaries 56 
 
 Drying 104 
 
INDEX. IX 
 
 Dwelling Occupation, Warranty for 107 
 
 Dwellings. 
 
 Charge if personal property is included in building form.. 58, 59 
 
 Dressmakers and milliners in 71, 117 
 
 English Basement 71 
 
 Floater covering in 44, 46 
 
 High Stoop 70,71 
 
 Long Island City 61 
 
 Occupied also as store 61 
 
 Presence of boarders in 80, 108 
 
 Warranty 80, 107 
 
 Dynamo Clause 81 
 
 Educational Institutions 21 
 
 Eighty per cent. Co-Insurance or Average Clause 81, 82, 83 
 
 Election of Officers 6 
 
 Electric Light Clause 83, 84 
 
 In Electric Car Barns 84 
 
 In Electric Light and Power Stations 84 
 
 In Listed Cold Storage Stores 60 
 
 Electrical and Heating Apparatus, defective, charge for.. 73, 74, 110 
 
 Employees of Exchange 7 
 
 Employee of Broker not holding a certificate, brokerage not 
 
 allowed to 46 
 
 Employment of an employee, agent or Branch Manager of a 
 
 Non-Exchange company 24 
 
 Endorsement for payment of extra premium, failure to charge 
 
 for 66 
 
 Error and Omission Policies 75 
 
 Excelsior, Bin for 105 
 
 Exchange business, brokerage on 18 
 
 Exchange rates as restored 106, 108 
 
 Executive Committee 8, 9 
 
 Alphabetical retirement of members 9 
 
 Chairman of 9 
 
 Change bi-monthly 9 
 
 Composed of 8 
 
 Expenses, assessment for 8 
 
 Explosives, permission to use 88, 89 
 
 Exposures under L. I. City rates 61 
 
 Extensions, frame, make brick buildings rate as frame 50 
 
 Extension of time for payment of premiums 28 
 
 Ex-officio members of Standing Committees 6 
 
 Factories, Cigar '. ."......". 54 
 
 Failure to attend meetings, fine for 7 
 
 Failure to charge for endorsement for extra premiums 66 
 
 Failure to correct or cancel a policy in error a violation 6 
 
 Failure to renew Broker's certificate in season 10 
 
INDEX. 
 
 Fines by Arbitration Committee 12 
 
 Fine for non-attendance at meetings 7 
 
 Fire Alarm, Automatic 88 
 
 Allowance for 88 
 
 Allowance when in Listed Storage Stores 38, 60 
 
 Inoperative condition of 38 
 
 Owned or installed by a Broker 47 
 
 Fire heat 104 
 
 Fire-proof construction 56 
 
 Fireworks 88, 89 
 
 Charges for 119 
 
 Fixtures 57 
 
 Flat House Warranty 80, 108 
 
 Household furniture transferred to 59 
 
 Denned 118 
 
 Floating Policies covering outside jurisdiction, brokerage on.... 46 
 
 Floater covering in dwellings or stores and dwellings 46 
 
 Floater Forms 93, 101 
 
 Floor clause in fire-proof buildings 86 
 
 Floor openings 104 
 
 Flues 104 
 
 Forms. 
 
 Broad excess cotton floater 99 
 
 Broad excess floater, excluding cotton 97, 98 
 
 Broad limited cotton floater 99 
 
 Broad limited floater, excluding cotton 98, 99 
 
 Chapel 90, 91 
 
 Church 90, 91 
 
 Common carrier 91, 92 
 
 For policies and binder 16 
 
 Floater 93 
 
 Graded grain 100 
 
 Legal liability 91, 92 
 
 Manufacturing floater 101 
 
 Ordinary excess cotton floater 96 
 
 Ordinary excess floater, excluding cotton 93, 94 
 
 Ordinary limited cotton floater 97 
 
 Ordinary limited floater, excluding cotton 95, 96 
 
 Outside dry goods district 102 
 
 Pawnbrokers 101, 102 
 
 Sunday school 90, 91 
 
 Foundations below the level 57 
 
 Fourteen day rule 52 
 
 Fractional part of a cent in calculating premiums 65 
 
 Frame buildings 109, 110 
 
 Frame extensions or additions, make brick buildings rate as 
 frame 50 
 
INDEX. XI 
 
 Full Co-Insurance or 100 per cent. Average 56, 57 
 
 Full term of Builders Risk 51 
 
 Furniture, household 58, 59 
 
 Transfer of policies covering 59 
 
 Furniture and fixtures 57, 58 
 
 When electrical apparatus included 57, 81 
 
 Gas brackets 104 
 
 Gas engine in store and dwelling risk 70 
 
 Gasoline, privilege to use 88, 89 
 
 General Minimum Rates 109-134 
 
 General waiver of Work and Materials Clause 88 
 
 Gifts to Brokers 47 
 
 Grade floor and basement, limitation 58 
 
 Graded grain clause 100 
 
 Grievance or Arbitration Committee 11 
 
 Gunpowder, privilege to use 88-89 
 
 Hazard, changes of 52, 53 
 
 Heating 104 
 
 Heating and electrical apparatus, defective, charge for.. 73, 74, 110 
 
 High stoop dwellings 70 
 
 Hoboken Agents not to write in New York 23 
 
 Hotels. 
 
 Household furniture in 58 
 
 Raines Law 64,110 
 
 Household furniture 58, 59 
 
 In apartment hotels 44 
 
 In hotels 58 
 
 In living apartments 58 
 
 In storage warehouses 17, 58, 59 
 
 Personal property of guests of hotels 58 
 
 Transfer of policies covering 17, 59 
 
 Hudson County Agents not to write in New York 23 
 
 Hudson River Stores, Consequential Loss clause in 55 
 
 Improvements to buildings 59 
 
 Covering throughout entire building, or on specific floors.... 59 
 Increase in amount of insurance on risks not permitted to be 
 written by Branch Managers must be at short 
 
 rates 65 
 
 Increase of hazard without notice 53 
 
 Increase of rate under policy issued at Exchange rate before 
 
 January 10th, 1900 72 
 
 Ineligibility to membership 6 
 
 Information as to arrangements against rules to be furnished.. 31 
 Insurance. 
 
 In non-Exchange companies 44, 47 
 
 Marine 25 
 
 Tornado 25, 44 
 
INDEX. Xll 
 
 Jersey City Agents not to write in New York 23 
 
 Jobbing Painters, subject to specific rate 70 
 
 Leases 59 
 
 Policies blanketing household furniture 57 
 
 Pro rata rate 59 
 
 Legal liability forms 91, 92 
 
 Liability for rent of piers and bulkheads 64 
 
 Lighting 104 
 
 Limitation Clause 3% in apartment houses 76 
 
 List of Members 33, 34 
 
 Listed storage stores 59, 60 
 
 Local tariff to govern property outside the Exchange 28, 29 
 
 Long Island City dwellings 61 
 
 Long Island City rates 61 
 
 Long Island City stores 61 
 
 With dwelling above grade floor 61 
 
 In rows of three or more frame buildings adjoining 61 
 
 Eighty per cent, clause required 61 
 
 Loss in cold storage 55, 56 
 
 Machinery at building rates 62 
 
 Manager of Exchange? 7 
 
 Managers, Branch 42 
 
 Amenable to rules and rates 24 
 
 Apartment houses written by, when 42 
 
 Appointment revoked, if, not to be employed 24 
 
 Brokerage not allowable to an employee not holding a 
 
 certificate 46 
 
 Can act also as head office agent 42 
 
 Compensation of 22, 24, 42, 43 
 
 Contingent commission to, a violation 43 
 
 Dealings must be confined to members represented 21 
 
 If appointments objected to 25 
 
 Must be revoked 25 
 
 Appeals 25 
 
 Maintained by two or more members 42 
 
 Maintaining an office above and below 42nd Street 43 
 
 Must do business at assigned location solely 24 
 
 Must provide cabinet for list of Brokers 43 
 
 Names and addresses to be filed with Manager 24 
 
 Not allowed brokerage 42 
 
 Omission to send out cancellation notices 27 
 
 Penalty for violations 24 
 
 Policy issued prior to formation of Exchange 43 
 
 Restricted in Borough of the Bronx to west of Bronx 
 
 River 21,43 
 
 Risks permitted to be written by 42, 43 
 
 Salary 22,24,42 
 
INDEX. Xlll 
 
 Managers, Branch— Continued. 
 
 Specifically rated risks written by 42, 43 
 
 Stables, written by 43 
 
 Manufacturing floater 101 
 
 Manufacturing Risks. 
 
 Hand power, shall include 126 
 
 Steam power, shall include 126 
 
 Marine Insurance 25 
 
 Market Price 62 
 
 Mechanics Privilege— ordinary alterations and repairs 62 
 
 Alterations and repairs, ordinary 62 
 
 Elevator shafts 51 
 
 Endorsement, full term 51 
 
 Fire-proof risks 51 
 
 Standard Policy 51 
 
 Mechanics Tools 62 
 
 Meetings 7 
 
 Fine for non-attendance 7 
 
 Members. 
 
 Agency 34 
 
 Companies represented by, list of 35, 36 
 
 Company 33, 34 
 
 List of 33,34 
 
 Not having offices in New York not to be fined for 
 
 non-attendance at meetings 7 
 
 Must not employ employees of Non-Exchange companies.... 24 
 Not to write risk which Branch Manager has cancelled by 
 
 order of Arbitration Committee 13 
 
 Pledge of 31 
 
 Re-insuring Non-Exchange companies— not to allow com- 
 mission 29 
 
 Signature to Agreement and Pledge 32 
 
 Membership 6 
 
 Merchandise. 
 
 In cars on tracks 41 
 
 Policies on stock of, if written for more than one year.... 71, 72 
 
 Milliners and dressmakers in dwellings 71, 126 
 
 Minimum rates 109-134 
 
 Moulds, patterns, etc., policies covering 85 
 
 Name adopted 5 
 
 Naphtha, privilege to use 88, 89 
 
 New communications, privilege to open 53, 54, 55 
 
 New Jersey territory, Exchange rates in 108 
 
 New Jersey Resident Agents 23 
 
 No brokerage to clerk of assured 18 
 
 No other kind of risk to be covered in Fire Policy 25 
 
 Nominating Committee 7 
 
 or THE 
 
 UNIVERSITY 
 
INDEX. XIV 
 
 Non-attendance at meetings, fine for 7 
 
 Notice of changes in committees 11 
 
 As to who shall answer roll call 8 
 
 Of cancellation 25-26 
 
 Object of Exchange 5 
 
 Occupancy (see also Sole Occupancy) 84 
 
 Changes of 52 
 
 Officer or employee of, or person sharing office accommodation 
 
 of Non-Exchange Company ineligible to membership.. 6 
 Officers, election of , 6 
 
 Of Exchange, to be ex-officio members of committees 6 
 
 Oils, storage of 105 
 
 Oily waste and rags 105 
 
 Omission and Error policies 75 
 
 One Hundred per cent. Average or Full Co-Insurance 
 
 Clause. 41, 56, 57, 84, 85 
 
 Open Entry Policies, Certificates under 51, 52 
 
 Open Entries 28 
 
 Rate 28 
 
 Time of closing 28 
 
 Order in which deductions shall be made 63 
 
 Order of business 7 
 
 Other floor clause in fire-proof building 85 
 
 Out-buildings 118 
 
 Out>of-town Members 6 
 
 Not having offices in New York exempt from fine for non- 
 attendance at meetings 7 
 
 Signatures of 6 
 
 Outside risks, brokerage on 28 
 
 Packing materials, bin for 105 
 
 Painters, jobbing, subject to specific rate 70, 110 
 
 Pass to accompany application for rate 53 
 
 Pattern Limitation Clause, ten per cent 85 
 
 Pawnbrokers 101, 102 
 
 Penalty for violations 12, 13 
 
 Personal Property (3% limitation) 76 
 
 Pew Rents 64 
 
 Physicians implements and dental tools 117 
 
 Pledges of Broker 37 
 
 Pledge of Member 31 
 
 Policies, Forms for, to be prepared 16 
 
 Blanket 41,42 
 
 Average rate 41 
 
 Co-Insurance clause in 41 
 
 Covering merchandise in cars on tracks 41 
 
 On communicating buildings 54, 55 
 
 Rates to be charged 54, 55 
 
INDEX. XV 
 
 Policies, Forms for— Continued. 
 
 Blanket— Standard Distribution Clause in blanket policy.. 41 
 
 Cancelled and immediately rewritten 17 
 
 Cancelled pro rata 16 
 
 Cancelled for non-payment of premium, list of to be published.26 
 
 Covering contractors on Public School Buildings 49 
 
 Covering Patterns, Moulds, etc 85 
 
 Executed in blank by Head Office prohibited 21, 42 
 
 In error, failure to correct or cancel a violation 6 
 
 Issued prior to Exchange by Branch Manager 43 
 
 May not be cancelled pro rata 16 
 
 Ordered cancelled. 
 
 By whom rewritten 13 
 
 No brokerage on rewritten policy 13, 46 
 
 Reinstated after a fire 66, 72 
 
 Term 71,72 
 
 Definition of 71 
 
 On hotel furniture 58 
 
 On household furniture 71 
 
 Substitution of 14 
 
 Warehousemens 74 
 
 Policy covering in and outside Exchange territory 28 
 
 Policy Form outside Dry Goods District 102 
 
 Power and electric light stations do not require privilege for 
 
 electric lights 84 
 
 Preamble to Agreement 5 
 
 Premium Certificate, Form of 26 
 
 Premiums. 
 
 Additional 27,45 
 
 Cancellation notice withheld on account of credit due 
 
 Broker 27 
 
 Charges under 25c. may be waived 28 
 
 Checks dated later than time fixed 27 
 
 Checks in payment held more than 24 hours 27 
 
 Collection of on policies located outside jurisdiction 27 
 
 Direct 27 
 
 Manager shall report names of delinquents 26, 27 
 
 Notice of Cancellation 25, 26 
 
 Payment of 25 
 
 Policy cancelled for non-payment of, to be published 26 
 
 Re-Insurance 27 
 
 Time for payment of may be extended 28 
 
 Private Warehouses 63, 85 
 
 Privileges, Clauses, and Warranties... 76, 89 
 
 Privilege for use of Benzine and similar articles 88, 89 
 
 To keep automobiles Ill, 112 
 
 To open new communications 53 
 
INDEX. XVI 
 
 Presents to Brokers 47 
 
 Presence of boarders in dwelling- 80, 108 
 
 Profits and commissions 54 
 
 Property in yards, rates on 53 
 
 Property outside the Exchange, local tariff to govern 29 
 
 Quorum 8 
 
 Railroad Property 63 
 
 Raines Law Hotels 64, 110 
 
 Rate cabinets and cards, the property of the Exchange 16 
 
 Rates 15 
 
 As restored January 10th, 1900 106, 107 
 
 Building 50 
 
 Buildings in Course of Construction 48 
 
 Cards found to be incorrect 53 
 
 Competitive 55 
 
 Dry Goods District, occupancy privilege 50 
 
 General Minimum 109-134 
 
 Governing Re-Insurance written within, on Policies cover- 
 ing outside Exchange territory 29 
 
 In Exchange territory in New Jersey 108 
 
 Issued prior to the Exchange, adjustment of 53 
 
 Long Island City 61 
 
 New Jersey territory, Exchange rates in 108 
 
 New rate on day of application 53 
 
 On brick buildings 50 
 
 On merchandise in Frame, and Brick and Frame Build- 
 ings 109,111 
 
 On property in yards 53 
 
 On Stores and Dwellings 50 
 
 Reduction of 16 
 
 Short tables of 65-69 
 
 Rate Committee 8 
 
 Composed of 8 
 
 Chairman of 9 
 
 Alphabetical retirement of members 9 
 
 Ratings to be recommended and changes thereof 15, 16 
 
 Rebates and cancellations 16 
 
 Rebates on Plate Glass, Casualty, etc 44 
 
 Rebates not allowed 19, 44, 45 
 
 Reduction of Rate 16, 64 
 
 Reductions in rate must not be dated back 52 
 
 Re-Insurance • 29, 30 
 
 Affidavit risks accepted 29 
 
 In companies not admitted to transact business in Exchange 
 
 territory 29 
 
 In outside companies 29 
 
 Of Marine Insurance Companies 30 
 
INDEX. XV11 
 
 Re-Insurance — Continued. 
 
 Of Non-Exchange Companies by members, no commission 
 
 to be allowed 29 
 
 Of policies issued prior to the Exchange 30 
 
 Railroad terminal property excepted 30 
 
 Written within, on policies covering outside Exchange 
 
 territory, rates governing 29 
 
 Removal of debris 64 
 
 Renewals 40 
 
 Rent Clause 86 
 
 Rents 64 
 
 Liability for on piers and bulkheads 64 
 
 Repairs 51 
 
 Requirements in Correction of Deficiencies 103, 105 
 
 Resident Agents, New Jersey 23 
 
 Resignations 30 
 
 Risks. 
 
 Annual 15 
 
 Builders 51 
 
 Manufacturing 125, 126 
 
 Hand power shall include 126 
 
 Steam power shall include 126 
 
 No other kind in fire policies 25 
 
 Short term ..15 
 
 Specifically rated, written by Branch Manager ,.42, 43 
 
 Term 15 
 
 Unrated 15 
 
 Written at Brooklyn Branch Ofilces 22, 43 
 
 Roll Call, notice as to who shall answer 8 
 
 Rules to apply to all risks 19 
 
 Schoolhouses 21 
 
 Shavings Vault 105 
 
 Short Rates 65,66 
 
 Tables of 67, 68, 69 
 
 Short term risks 15 
 
 Shutters 105 
 
 Signatures of out-of-town members 6 
 
 Skylight 105 
 
 Sole Occupancy 70 
 
 Allowance for 70 
 
 In risks not specifically rated 70 
 
 When not permissible 70 
 
 Space Clause (Clear Space Warranty) 79 
 
 Special Building Signal 86 
 
 Sprinklers, Automatic 38, 39 
 
 Allowance for 38, 39 
 
 In basement, allowance for 40 
 
INDEX. XV111 
 
 Sprinklers, Automatic — Continued. 
 
 Inoperative condition 39 
 
 Not entitled to allowance until so stated on rate card 39 
 
 Owned or installed by a Broker 47 
 
 Sprinkler equipments on separate floors 38 
 
 Stables 131 
 
 Automobile storage 79 
 
 Written by Branch Managers 43 
 
 Standard Distribution Clause 41 
 
 Statements to be filed 26 
 
 Storage, Cold, Loss in 55 
 
 Storage of oils, etc 105 
 
 Storage Stores. 
 
 Listed 59, 60 
 
 Private 63 
 
 Stores and dwellings 70, 71 
 
 Cigar 54 
 
 Dressmaking and millinery carried on 71, 117, 126 
 
 English basements 71 
 
 Floater covering in 44 
 
 Gas engine in 70 
 
 High stoop 70, 71 
 
 In Long Island City with dwellings above grade floor 61 
 
 Jobbing painter in 70, 110 
 
 Rates on stocks in (see General Minimum Rates) 109-134 
 
 Warranty 70 
 
 Withdrawal of warranty 47, 71 
 
 Stoves, unsafe 105, 110 
 
 Subjects of submission 5 
 
 Substitution of policies 14 
 
 Superior construction 56 
 
 Sunday School Form 90, 91 
 
 Term Risks 15 
 
 Telephone and Telegraph Station Clause 86, 87 
 
 Ten percent. Pattern Limitation Clause 85 
 
 Term Policies 71, 72 
 
 Territory excluded from the Exchange 14, 15 
 
 Theatre Warranties 87 
 
 Theatrical Floater, Rebate on a violation 46 
 
 Three per cent. Limitation Clause 76 
 
 Time for payment of premiums may be extended 28 
 
 Tools 62 
 
 Tornado Insurance 44 
 
 Transfers 16, 17, 72, 73 
 
 From listed storage stores 17 
 
 Of insurance written by Non-Exchange Companies 45 
 
 Of policies covering household furniture 17, 59, 72, 73 
 
INDEX. XIX 
 
 Transfers— Continued . 
 
 Of policies issued prior to Exchange 72 
 
 To or from a warehouse, public or private 17, 72, 73 
 
 Treasurer under bond 6 
 
 Unoccupancy Warranty 73 
 
 On apartment houses when not required 40, 73 
 
 On buildings in course of constrution 48, 73 
 
 Unoccupied Buildings 73 
 
 Unrated risks 15 
 
 Unsafe Flues 104 
 
 Heating apparatus 73, 74, 105, 110 
 
 Stoves 105,110 
 
 Use and occupancy 74 
 
 Valuation of buildings for Co-Insurance 78 
 
 Vault for shavings 105 
 
 Violation of rules by an employee 45 
 
 Violations, penalty for 12, 13 
 
 Waiver Clauses in violation 74 
 
 Waiver of acts of tenants or assured 52 
 
 Warehousemen Policies 74, 75 
 
 Accrued charges 74, 75 
 
 Errors and omissions 75 
 
 Warranties. 
 
 Apartment house 39 
 
 Automatic Fire Alarm 78 
 
 Automatic Sprinkler 79 
 
 Clear Space 79 
 
 Flat house 80 
 
 For dwelling occupation 107 
 
 Occupancy 84 
 
 Private warehouse 85, 86 
 
 Sole Occupancy 70 
 
 Special Building Signal 86 
 
 Unoccupancy 73 
 
 Theatre 87 
 
 Watchman and clock 87 
 
 Warranties, Clauses and Privileges 76, 89 
 
 Waste or ash cans 103, 104 
 
 Watchman and clock 87 
 
 Watchmans Lantern 105 
 
 Wharf Clause 87,88 
 
 Withdrawals 30,71 
 
 Work and Materials Clause 88, 89 
 
 Workingmens Tools 62 
 
 Writing risks in Exchange territory by outside agents pro- 
 hibited 44,45 
 
ORDER OF ARRANGEMENT* 
 
 The Order of Arrangement by Sections in this Book 
 is as follows : 
 
 AGREEMENT UNDER WHICH EXCHANGE IS ORGANIZED. 
 
 LIST OF SUBSCRIBERS TO THE AGREEMENT. 
 
 LIST OF COMPANIES REPRESENTED BY MEMBERS AND AGENTS. 
 
 BROKERS' PLEDGES. 
 
 GENERAL RULES AND RATES. 
 
 CLAUSES AND PRIVILEGES. 
 
 FORMS. 
 
 REQUIREMENTS IN CORRECTION OF DEFICIENCIES. 
 
 EXCHANGE RATES AS RESTORED JANUARY JO, 1900. 
 
 EXCHANGE RATES IN NEW JERSEY TERRITORY. 
 
 GENERAL MINIMUM RATES. 
 
 RULINGS are indicated by having subjects printed in HEAVY- 
 FACE TYPE, and the Committees making them are indicated by 
 A. C. for Arbitration Committee; B. C. for Brokerage Committee; 
 E. C. for Executive Committee ; R. C. for Rate Committee, and 
 S. W. C. for Storage Warehouse Committee. 
 
NEW YORK FIRE INSURANCE 
 EXCHANGE. 
 
 AGREEM ENT 
 
 UNDER WHICH ORGANIZATION WAS EFFECTED 
 MARCH 8th, 1699. 
 
 Preamble 
 
 Objects of Association 
 
 Namt adopted 
 
 Subjects of Submission 
 to Arbitration 
 Committee 
 
 Decisions to be 
 abided by 
 
 Section 1. 
 
 Whereas the association of underwriters 
 for mutual counsel and comparison of experi- 
 ence is necessary for the determination of ad- 
 equate and just rates of premium, the eco- 
 nomical conduct of the business, the prompt 
 and equitable adjustment of losses, the ascer- 
 tainment of proper and safe methods of con- 
 struction of buildings, and the prevention 
 and extinction of fires ; and whereas, such an 
 association of underwriters is in the mutual 
 Interest of the underwriter and the property 
 owner ; therefore, 
 
 Section 2. 
 
 In pursuance of Section 21 of the By-Laws 
 of the New York Board of Fire Underwriters, 
 the subscribers hereto, by our signatures, 
 affirm our support and membership in the 
 New York Fire Insurance Exchange. We 
 agree to submit any doubtful questions as to 
 rates, rules, commission or brokerage that 
 may arise under this agreement to the Com- 
 mittee on Arbitration or Grievances, herein- 
 after provided for, and we bind ourselves to 
 abide by their decision, whatever it may be, 
 
AGREEMENT 
 
 6 
 
 subject to appeal to the Exchange as herein- 
 after provided, to the end that harmony 
 and goodfellowship may continually prevail. 
 When a member calls the attention of an- 
 other member to an error under the rules in 
 a policy issued by such other member, the 
 member at fault shall correct or cancel such 
 policy within ten days and failure to either 
 correct or cancel the policy within the time 
 specified will be regarded as a wilful violation 
 of the rules of the Exchange. A.C., 12-21-99. 
 
 Composition of 
 Membership 
 
 Officers Elected 
 Annually 
 
 Section 3. 
 
 This Exchange shall be composed of officers 
 of local companies and managers and agents 
 of out-of town companies having jurisdiction 
 over the Metropolitan District, and in fixing 
 the number of Agencies and Branch Offices 
 each local company, each manager and each 
 Metropolitan agent shall be placed upon the 
 same footing. While the membership and 
 obligation are personal, the signature of an 
 officer of each out-of-town company to the 
 agreement shall be required. 
 
 The privilege of membership to any person 
 who is at the same time an officer or 
 employee of, or shares an office accommoda- 
 tion with, a Company not a member of the 
 Exchange, is against the spirit and letter 
 of the Agreement, and such person or the 
 Company he represents is ineligible to mem- 
 bership. 12-11-01. 
 
 Section 4. 
 
 (a) Its officers chall consist of a President, 
 a Vice-President and a Secretary who shall 
 also act as Treasurer. Such officers shall be 
 elected by ballot, annually, by a plurality 
 vote of all the members present and voting. 
 The Treasurer shall furnish a bond for the 
 faithful performance of duty, and the Ex- 
 change shall fix the place of deposit for funds. 
 The officers of the Exchange shall be ex-otiicio 
 members of all Standing Committees. 
 
AGREEMENT 
 
 Manager and 
 Employee* 
 
 Meeting! 
 
 Nominating (b) It shall be the duty of the President at 
 
 Committee to be least two weeks previous to the annual meet- 
 
 Appointed lag to appoint a Nominating Committee 
 
 consisting of seven members, three members 
 representing Local Companies, two represent- 
 ing Agency Companies, and two representing 
 Foreign Companies, who shall nominate a 
 ticket for the ensuing year, and such nomina- 
 tions shall be published to members at least 
 one week previous to the annual meeting. 
 
 Section 5. 
 
 The Exchange shall elect a Manager and 
 such assistants and pay them such salaries as 
 the Executive Committee shall recommend 
 and the Exchange approve by a ninety per 
 cent, vote of the members present and voting 
 at a meeting regularly called. 
 
 Section 6. 
 
 (a) Meetings of the Exchange shall be held 
 at such times as the Executive Committee 
 shall direct or may be called by the President 
 at the written request of any five members. 
 Regular Meetings shall be held on the Second 
 Wednesday of each month ; the meeting in 
 March shall be considered the Annual Meet- 
 ing. 
 
 Order of Business (b) At all regular meetings the order of 
 
 business shall be as follows : 1. Calling the 
 roll. 2. Reading the minutes. 3. Reports of 
 standing committees in following order : 
 Arbitration, Brokerage, Executive, Rate. 4. 
 Reports of special committees. 5. Unfinished 
 business. 6. New business. 
 
 Fine for Failure to (c) Any member failing to attend any regu- 
 
 Attend Meetings larly called meeting, either personally or by 
 
 qualified representative shall pay into the 
 treasury of the Exchange for each such meet- 
 ing at which such member is not represented 
 the sum of One Dollar, which shall be applied 
 toward defraying the expenses of the Ex- 
 change. In the case of a member not having 
 an office or representative in New York, no 
 
AGREEMENT 
 
 8 
 
 Notice as to who shall 
 Answer Roll Call 
 
 fines shall be imposed for non-attendance at 
 meetings. 
 
 (d) Where a member is represented by an 
 agent who is also a member, the Company 
 Member shall notify the Manager in writing 
 as to whether the Company itself or its agent 
 shall answer to the roll call, be subject to fine 
 for absence, and exercise the privilege of vot- 
 ing. The vote of the member so indicated 
 shall be binding upon the Company repre- 
 sented for the whole of the territory covered 
 by the Exchange. 
 
 Quorum 
 
 Section 7. 
 
 One-third of the members of the Exchange 
 shall constitute a quorum for the transaction 
 of business. 
 
 .Assessment fbf 
 Expenses 
 
 Executive Committee 
 and Committee on 
 Rates 
 
 Composed of 
 
 Section 8. 
 
 Each member shall be required, at such 
 times as the Executive Committee may fix 
 upon, to file with the Treasurer a sworn 
 statement of the gross premiums written in 
 the territory of this Exchange by each Com- 
 pany, separately, represented by such member 
 for the time specified by the Executive Com- 
 mittee, and the Executive Committee shall 
 then recommend to the Exchange the per- 
 centage assessment on such gross premiums 
 required for the maintenance of the Exchange; 
 and upon the adoption of such assessment 
 resolution by a ninety per cent, vote of the 
 members present and voting at a meeting 
 regularly called, the same shall be binding on 
 all members, who shall forthwith remit to 
 the Treasurer the amount due from each 
 member or company. 
 
 Section 9. 
 
 (a) There shall be an Executive Committee 
 and a Committee on Rates, which committees 
 shall consist of seven each. Such Committees 
 shall be uniformly composed of three members 
 representing Local Companies, two repre- 
 
AGREEMENT 
 
 9 
 
 Shall be changed 
 
 Bi-monthly 
 
 sentiug Agency Companies and two repre- 
 senting Foreign Companies. The committees 
 shall change bi-monthly, by the retirement 
 each two months of one member, whose place 
 shall be tilled by the member next in order 
 on an alphabetical list of membership. The 
 retiring member each two months shall be 
 the one who has served longest on the Com- 
 mittee, and his successor shall be chosen from 
 the class of companies, Local, Agency or 
 Foreign, to which the retiring member 
 belongs. The Chairman of the Committee 
 shall be the member who has served longest 
 upon it. The concurrence of four members of 
 a Committee shall be necessary to a finding 
 in any matter coming before them. 
 
 (b) There shall be a Brokerage Committee, 
 consisting of seven members, composed uni- 
 formly of three representing Local Companies, 
 two representing Foreign Companies and two 
 representing Agency Companies, and the 
 membership of the Committee shall change 
 bi-monthly by the retirement each two 
 months of one member, whose place shall be 
 filled by the member next in order on an 
 alphabetical list of membership. The retiring 
 member each two months shall be the one 
 who has served longest on the Committee, 
 and his successor shall be chosen from the 
 class of companies, Local, Agency or Foreign, 
 to which the retiring member belongs. The 
 Chairman shall be the member who has been 
 longest on the Committee. It shall be the 
 duty of such Committee to issue a Broker's 
 Certificate to an applicant duly qualified to 
 receive such Certificate, and no brokerage 
 shall be paid to any person not so certified. 
 The Brokerage Committee shall secure in- 
 formation in regard to applicants from all 
 available sources and shall be authorized to 
 receive complaints against holders of Certifi- 
 cates or applicants from any party presenting 
 such complaints. They shall before issuing a 
 Broker's Certificate receive from the Broker a 
 
 Chairman 
 
 Brokerage Committee 
 Composed of 
 
 Terms of Office 
 
 Chairman 
 
 To Certify Applicants 
 upon Information 
 Obtained 
 
 Shall secure 
 Information 
 
AGREEMENT 
 
 10 
 
 Broker to Sign an 
 Agreement 
 
 Clerks or Employees 
 of Assured not 
 Eligible 
 
 Pledge required 
 
 Certificates to be 
 Revoked 
 
 Right of Appeal 
 
 
 Failure to Renew 
 Certificate in Season 
 
 signed agreement to abide by the rules herein 
 provided. The concurrence of five members 
 of the Committee shall be necessary for a de- 
 cision revoking any Broker's Certificate, and 
 the concurrence of four members shall be 
 necessary to a finding in all other matters 
 coming before them. 
 
 (c) No Certificate shall be issued to any 
 clerk or employee of the assured (other than 
 a Certified Broker), nor shall any person be 
 certified as a Broker who handles insurance 
 for only one person or firm or individual 
 members of such firm. Certified Brokers shall 
 pledge themselves to receive no higher rate of 
 brokerage from Companies or agents not 
 members of the Exchange than the rate per- 
 mitted by the rules of this Exchange. 
 
 (d) The Brokerage Committee shall revoke 
 the Certificate of any Broker who is proved 
 to have violated his Pledge or Agreement to 
 this Exchange, after giving him an opportu- 
 nity to be heard in his defense. Such Broker 
 shall have the right of appeal to the Arbitra- 
 tion or Grievance Committee whose decision 
 shall be final, such appeal to be made within 
 ten days from the date of mailing a registered 
 letter to the broker giving notice of the action 
 of the Brokerage Committee in revoking the 
 Certificate. Any Broker whose Certificate 
 has been so revoked shall not be eligible to 
 receive a new Certificate except on the recom- 
 mendation of the Brokerage Committee and 
 a vote of ninety per cent, of the members 
 of the Exchange present and voting at a 
 meeting regularly called. 
 
 When a Broker fails to renew his Certificate 
 in season, thereby causing his name to be 
 withdrawn from the list, and subsequently 
 within six months asks for a renewal, such 
 renewal shall not be granted unless, in addi- 
 tion to the regular charge for a Certificate, 
 the sum of $3.00 is paid to cover cost of 
 withdrawing and re-instating such Broker's 
 name. 4-15-02. 
 
AGREEMENT 
 
 IJ 
 
 Notice to all of 
 Changes in 
 Committees 
 
 Arbitration or 
 Grievance 
 Committee 
 
 Composed of 
 
 Terms of Office 
 
 Alphabetical 
 retirement 
 
 Chairman 
 
 An Accused Member 
 of Committee 
 shall not Serve 
 
 Certificate to be 
 Mailed each Director 
 of a Local Company 
 In Violation 
 
 (e) At the time of creating any committee 
 or filling any vacancy, the names of the com- 
 mitteemen shall at once be communicated to 
 all the members. 
 
 Section 10. 
 
 (a) There shall be an Arbitration or Griev- 
 ance Committee, consisting of seven members, 
 which shall be uniformly composed of three 
 members representing Local Companies, two 
 representing Agency Companies and two rep- 
 resenting Foreign Companies, and the mem- 
 bership of the Committee shall change 
 bi-monthly by the retirement each two 
 months of one member, whose place shall be 
 filled by the member next in order on an 
 alphabetical list of membership. The retiring- 
 member each two months shall be the one 
 who has served the longest on the Committee, 
 and his successor shall be chosen from the 
 class of companies, Local, Agency or Foreign, 
 to which the retiring member belongs. The 
 Chairman shall be the member who has been 
 longest on the Committee. The concurrence 
 of five members of the Committee shall be 
 uecessary for a decision affecting or interpre- 
 ting the Agreement or any rule adopted by 
 the Exchange, and the concurrence of four 
 members shall be necessary to a finding in all 
 other matters coming before them. 
 
 (b) In case of a charge being brought 
 against any member or employee of any mem- 
 ber, if the accused member or accuser shall 
 happen at the time of such charge to be a 
 member of the Committee, such accused mem- 
 ber or accuser shall not serve on the Com- 
 mittee while his own case is being adjudicated, 
 but if the accused member shall be found 
 guilty of a wilful violation of any rule or 
 rate he shall retire from the Committee until 
 he has been again elected to serve thereon. 
 
 (c) If any local company, member of the 
 Exchange, shall be charged with a wilful 
 violation of any rule or rate, and after in- 
 
AGREEMENT 
 
 12 
 
 vestigation such charges shall be sustained 
 by a vote of not less than five of the seven 
 members of the Arbitration or Grievance 
 Committee and confirmed by a ninety per 
 cent, vote of those present and voting at any 
 meeting of the Exchange regularly called, a 
 certificate setting forth such finding shall be 
 forthwith mailed to each Director of such 
 company. 
 
 (d) If any agent or manager of a company 
 having its home office outside of the City of 
 New York shall be charged with a wilful 
 violation of any rule or rate, and after inves- 
 tigation such charge shall be sustained by a 
 vote of not less than five of the seven mem- 
 bers of the Arbitration or Grievance Com- 
 mittee and confirmed by a ninety per cent, 
 vote of those present and voting at any 
 meeting of the Exchange regularly called, a 
 certificate setting forth such findings shall 
 be forthwith mailed to the President or the 
 General Manager of the Company at its home 
 ofiice. 
 
 Certificate to be 
 Mailed to President 
 or General Manager 
 of an Outside Com- 
 pany in Violation 
 
 Power to Examine 
 Books and under 
 Oath 
 
 Shall employ 
 Accountant or 
 Auditor 
 
 Refusal to reply an 
 Admission of Truth 
 
 Finei 
 
 Section 11. 
 
 (a) The Arbitration or Grievance Commit- 
 tee shall have power to examine the books 
 of any office, Agency or Branch Office alleged 
 to have deviated; and also to examine under 
 oath the person complained of. The Com- 
 mittee shall, when necessary or desirable, 
 employ a professional accountant or auditor, 
 who shall have power to examine the books 
 of any office, Agency or Branch office alleged 
 to have deviated, when directed so to do by 
 the Committee. The refusal of any member 
 to testify to any question pertinent to the 
 complaint, or his refusal to submit to the 
 examination ordered by the Arbitration or 
 Grievance Committee shall be deemed an 
 admission of the truth of the charge under 
 investigation. 
 
 (b) The Arbitration or Grievance Committee 
 may impose penalty or fines not exceeding 
 
AGREEMENT 
 
 13 
 
 No Brokerage or 
 Commission to be 
 Allowed under 
 Certain Conditions 
 
 $100 for any one violation of rule or rate, 
 and/or require that the member found in 
 violation shall cancel his policy or policies, 
 and/ or that the member shall remain off the 
 risk for the term of one year thereafter, in 
 which case the member shall not be permitted 
 to participate in therisk for such period either 
 directly or by way of re-insurance. 
 
 When the Arbitration or Grievance Com- 
 mittee has ordered a policy or policies to be 
 cancelled in consequence of having adjudged 
 a member of the Exchange, or an Agent who 
 is not a member but holds a Broker's Certifi- 
 cate, guilty of an infraction of the rules of the 
 Exchange, then such member or Agent shall 
 not be allowed to receive any commission or 
 brokerage for the placing of such risk during 
 the term for which the member is himself ordered 
 to keep off of such risk, and in addition, if the 
 gravity of the offense warrant it, the facts 
 connected with the case shall be at once com- 
 municated to the Brokerage Committee, that 
 they may revoke the right of such member or 
 Agent to receive any commission or brokerage 
 on any business for such time as they may 
 deem fit. 12-11-01. 
 
 When in consequence of deviation or viola- 
 tion any Member has been, directed by the 
 Arbitration Committee or by the Exchange 
 to cancel a policy written through a Branch 
 Manager or Agency representing such Mem- 
 ber and to remain off the risk for one year, the 
 risk in question shall not be written by or 
 through any other Member represented by such 
 Branch Manager or Agent during the stated 
 term of one year. A. C. 1-21-03. 
 
 (c) Appeal from the decision of the Com- 
 mittee may be made at any meeting regularly 
 called notice of such appeal having been 
 previously given to each member of the 
 Exchange, and the finding shall be confirmed 
 unless a majority of those present shall vote 
 otherwise. 
 
 (d) In case any member shall report the 
 
 Appeals 
 
AGREEMENT 
 
 14 
 
 Charges against a 
 Fellow Member 
 
 How made 
 
 Source not to be 
 Indicated 
 
 May authorize Substi- 
 tution of Policies 
 
 dereliction of any other member coming to 
 his knowledge, it shall be optional with him 
 to make a charge in writing, over his own 
 signature, to the Arbitration or Grievance 
 Committee ; or he may, in preferring charges, 
 first submit the actual or supposed facts to 
 two or more members who shall, if they are 
 thought by them to be sufficiently reasonable 
 and clearly warranted, unite with him in 
 making the charges, which must be in writ- 
 ing ; the members so uniting in the charges 
 may report to any one member of the Griev- 
 ance Committee, who shall not in any way, 
 directly or indirectly, indicate the names or 
 identity of such members. Said Grievance 
 Committee shall thereupon investigate the 
 charges. 
 
 The Arbitration or Grievance Committee 
 are empowered in cases where in their dis- 
 cretion it is necessary to obtain such evidence 
 from the assured as will secure the conviction 
 of a member or broker violating the rules or 
 rates of the Exchange to authorize the substi- 
 tution of the policy of any other member for 
 that of the company under which a deviation 
 has been made on the same or better terms, 
 provided there shall be produced and deliv- 
 ered to said Committee the proof satisfactory 
 to them of such violation of the rules or 
 rates. 6-29-99. 
 
 Area of Operation 
 
 Territory Excluded 
 
 Section 12. 
 
 The rules and rates of this Exchange shall 
 apply on all risks located in the Borough of 
 Manhattan and in the Borough of Bronx, 
 west of the Bronx River, and in the Borough 
 of Brooklyn, and in Long Island City, and 
 on the American Dock stores and piers in the 
 Borough of Richmond, all in the City of New 
 York ; and in Hudson County, New Jersey, 
 east of the Hackensack River. The Boroughs 
 of Queens, and Bronx, and Richmond, out- 
 side the territory above named, being now in 
 the territory of the Suburban Association, 
 
AGREEMENT 
 
 15 
 
 Territory Excluded 
 (concluded) 
 
 Outside Agents may 
 not write in 
 Exchange Territory 
 
 Rates 
 
 Unrated Risks 
 
 Short Term Risks 
 
 Annual Risks 
 
 Term Risks 
 
 Must be Rated 
 
 Ratings to be recom- 
 mended and changes 
 thereof 
 
 are excluded until such time as this Exchange 
 by a ninety per cent, vote of those present 
 and voting- at a meeting regularly called 
 shall decide otherwise. 
 
 The writing of a policy on any risk located 
 within the territory under the jurisdiction of 
 this Exchange by any Agent outside of 
 said territory is prohibited, and the member 
 employing such Agent will be held respons- 
 ible for any violation. A. C. 8-1-00. 
 
 Section 13. 
 
 (a) At the first meeting of the Exchange, 
 rates shall be adopted to apply on all risks 
 in the territory specified ; and such rates, and 
 the commission rules as provided in the 
 Agreement, shall apply immediately. 
 
 (b) No unrated risk shall be written except 
 subject to a rate to be made by the Exchange; 
 and such rate shall apply from the assump- 
 tion of the insurance. 
 
 (c) Rated risks, when taken for periods of 
 less than a year, shall be taken only at the 
 rates named in Short Rate Tables of this 
 Exchange. 
 
 (d) No policy shall be written for more 
 that one year on stocks of merchandise, or 
 upon machinery, stock or supplies in manu- 
 facturing risks except at full pro rata, rates. 
 No policy shall be written upon other prop- 
 erty for more than one year, except with the 
 addition of three-fourths of the annual pre- 
 mium for each year after the first. For frac- 
 tional parts of a year in excess of one year, 
 a pro rata of such three-fourths annual rate 
 shall be added. No policy shall be written 
 for a longer term than one year, until the 
 risk has been rated. 
 
 (e) The Committee on Rates shall recom- 
 mend ratings to the Exchange, when, if 
 the same are adopted by a vote of ninety per 
 cent, of the members present and voting at a 
 meeting regularly called, they shall become 
 operative ; and to change a rate once estab- 
 
AGREEMENT 
 
 in 
 
 lished, a vote of ninety per cent, of the 
 members present and voting at a meeting 
 regularly called shall be required. 
 
 (f) Rates of premium shall be adjusted up- 
 on a discriminating basis which recognizes 
 merits and faults of construction, fire extin- 
 guishing appliances and percentage of insur- 
 ance to value. 
 
 Rate cabinets and cards are the property of 
 this Exchange, being loaned to members only 
 for their information while members, and 
 such cabinets and cards must be surrendered 
 to the Exchange in case a member retires 
 from business or withdraws from the Ex- 
 change. 4-9-02. 
 
 Adjusted upon a 
 Discriminating Basis 
 
 Rate Cabinets are 
 Property of Exchange 
 
 Forms for Policies 
 and Binder 
 
 Cancellations and 
 Rebates 
 
 Transfers 
 
 Section 14. 
 
 The Exchange shall as rapidly as possible, 
 prepare proper forms for policies, the use of 
 which shall be obligatory. A form of binder 
 with a fifteen day limit clause shall also be 
 prepared and its use required. 
 
 Section 15. 
 
 No policy, renewal or certificate of insurance 
 shall be cancelled, pro rata, at request of the 
 assured, except in cases where the insurance 
 is immediately re- written, or placed with the 
 same company or member, the re-written 
 policy covering in the same location. In case 
 of reduction of rate without change of hazard, 
 no policy shall be cancelled pro rata and re- 
 written at the lower rate, and no rebate shall 
 be made on such policy. 
 
 A clause reading "It is understood and 
 agreed that in event of reduction of the tariff 
 rate during the term of this policy return 
 premium will be rendered accordingly, pro 
 rata," or any clause involving an agreement 
 to the same effect, is a violation. 12-17-00. 
 
 Section 16. 
 
 No policy or Certificate of insurance covering 
 in any elevator or storage warehouse, private 
 
AGREEMENT 
 
 17 
 
 Transfers (concluded) 
 
 Assignments 
 
 or public, shall be transferred to any other 
 elevator or storage warehouse ; provided, 
 however, that where any listed storage store 
 shall be torn down or changed to another 
 occupancy by the owner thereof, the Arbi- 
 tration or Grievance Committee shall, after 
 consideration of the facts of the case, have 
 power to promulgate, for the benefit of all 
 members, permission to transfer insurance 
 on merchandise belonging to other persons 
 than the warehouse owner or lessee in such 
 listed storage store to any other listed stor- 
 age store. 
 
 The Arbitration Committee will not consider 
 an application for permission to transfer insur- 
 ance from a listed storage store unless such 
 application is accompanied by an affidavit from 
 the storekeeper setting forth the facts as to 
 change of occupancy or demolition of such 
 listed storage store, and also stating the 
 time within which all goods will be removed 
 and the use of the premises for their present 
 purposes be discontinued. 4-27-01. 
 
 The provisions of Section 16 of Agreement 
 do not apply to the transfer of Personal 
 Household Furniture from a storage ware- 
 house to a dwelling. A. C. 6-1-00. 
 
 A policy written to cover in a warehouse, 
 whether private or public, may not be can- 
 celled pro rata at request of the assured and re- 
 written at short rates on the same merchan- 
 dise but under a different name. R.C. 11-6-01. 
 
 A policy cancelled and immediately re-writ- 
 ten by the same company to cover in the same 
 location but for a different assured may be can- 
 celled pro rata, provided that such policy does 
 not cover in a private or public storage 
 warehouse. A. C. 1-17-02. 
 
 A policy covering Household Furniture 
 may be transferred to cover in a storage 
 warehouse at the pro rata charge of the dif- 
 ference in rate for the time that the policy 
 covers in the warehouse. A. C. 4-15-02. 
 
 (b) No policy or certificate of insurance 
 
AGREEMENT 
 
 18 
 
 Assignments 
 (concluded) 
 
 Brokerage 
 
 Broker's business not 
 to be purchased 
 
 Exchange business 
 
 No Brokerage to Clerk 
 of Assured 
 
 covering in any elevator or storage ware- 
 house, private or public, shall be assigned, 
 except to cover the merchandise described in 
 the policy and in the same location. 
 
 Section 17. 
 
 (a) No brokerage or commission shall be 
 paid or allowed on policies of insurance or 
 re-insurance in excess of ten per cent., except 
 on such risks as are permitted by Section 18 
 to be written at branch offices, on which 
 a brokerage or commission not exceeding 
 twenty per cent, may be paid ; provided, 
 however, that the above brokerages or com- 
 missions may be increased five per cent, if the 
 party receiving the Broker's Certificate shall 
 agree that he will give the preference in plac- 
 ing his business with members of this Ex- 
 change, and that he will not place any risks 
 with those not members, unless sufficient 
 insurance cannot be obtained from members. 
 
 Ruled as to above Section that the words 
 "such risks as are permitted by Section 18 to 
 be written at Branch Offices," include all 
 churches and schoolhouses and their con- 
 tents, dwellings and their contents, private 
 stables and their contents, and buildings oc- 
 cupied on grade floor as stores and above 
 the grade floor exclusively as dwellings and 
 so warranted in the policies and their con- 
 tents, located within the territory covered by 
 the Exchange. A. C. 4-28-99. 
 
 (b) No member shall purchase the business 
 of any broker on other terms than the rate 
 of brokerage or commission fixed by the Ex- 
 change. 
 
 (c) Members of the Exchange shall be al- 
 lowed to receive the regular brokerage or 
 commission, as provided in paragraph (a) of 
 this section, on exchange business. 
 
 (d) No brokerage shall be paid to any clerk 
 of the assured, nor to any employee (other 
 than a Certified Broker), nor shall any per- 
 son be certified as a Broker who handles in- 
 
AGREEMENT 
 
 19 
 
 Rebates not allowed 
 
 surance for only one person or firm, or indi- 
 vidual members of such firm. 
 
 (e) No rebate shall be allowed either by 
 members of the Exchange, or by Brokers, 
 directly or indirectly ; nor shall brokerage or 
 commission be paid to, or divided with, any 
 uncertified broker or other person. 
 
 The allowance by a member of commission 
 or brokerage to any clerk or employee of such 
 member who does not hold a Broker's Certifi- 
 cate will be regarded as a violation of this 
 paragraph. A. C. 10-12- 00. 
 
 Certified Brokers must not allow commission 
 or brokerage on lines placed by them in this 
 city but covering risks located outside of the ju- 
 risdiction of the Exchange to a Broker not 
 holding a Certificate from this Exchange, wheth- 
 er such Broker resides within or outside of the 
 jurisdiction of the Exchange. A. C. 2-10-02. 
 
 (f) The rules of this Exchange, as to broker- 
 age and commission, apply to all risks where- 
 soever located, whether afloat or ashore, and 
 whether rated or not rated, when written in 
 the territory covered by this Exchange. 
 
 Rules apply to all 
 risks 
 
 Section 18. 
 
 Agency (a) Where the word * : Agency" is used, it is 
 
 understood to be equal to a Head Office in 
 rank in the Exchange, although not entitled 
 to membership ; for instance, the Agents in 
 Brooklyn, Jersey City, Hoboken, Long Island 
 
 Branch Office* City, etc. Where the words "Branch Office" 
 
 are used, they shall be understood as referring 
 to a sub-office, restricted as below, and not 
 entitled to Independent control. All such 
 Offices shall report to Head Offices in New 
 York or Brooklyn respectively, and are con- 
 fined to the Boroughs of Manhattan and the 
 Bronx, and the Borough of Brooklyn. 
 
 An Agent representing Exchange companies 
 may not act as Agent for non-Exchange compan- 
 ies or for any outside organization transact- 
 ing a fire insurance business. A. C. 3-19-02. 
 (b) No member shall have any Agency of 
 
AGREEMENT 
 
 20 
 
 No Agencies in Man- 
 hattan and Bronx 
 
 Exceptions 
 
 No Branch Offices — 
 where 
 
 Branch Offices » 
 territory allowed 
 
 Must write above line 
 named 
 
 Classes of risks 
 allowed 
 
 Agencies in the Boroughs of Manhattan and 
 the Bronx, nor shall any company have such 
 Agency or Agencies other than the Agency 
 of the member of this Exchange. 
 
 (c) This rule, however, shall not apply to 
 the present existing offices of the Germania 
 and Peter Cooper Insurance Companies, nor 
 to the present office of the New York Under- 
 writers' Agency located within the district 
 described in paragraph (d). 
 
 (d) There shall be no Branch Offices in the 
 following districts in the Borough of Manhat- 
 tan, viz : south of a line drawn, commencing 
 at West Houston Street, including both sides 
 of said street, and North River, running east- 
 erly along West Houston Street to Elizabeth 
 Street, thence southerly along Elizabeth 
 Street to Grand Street, thence easterly along 
 Grand Street to East River. 
 
 (e) Any member of the Exchange may have 
 not exceeding two Branch Offices in the terri- 
 tory between the line above mentioned and 
 42d Street (on either side of said street) and 
 not exceeding four north of 42d Street in the 
 Boroughs of Manhattan and the Bronx. 
 
 A Branch Office located on Forty-Second 
 Street must be considered, according to para- 
 graph (e), section 18 of Agreement, as being 
 for the territory south of Forty -Second 
 Street. A. C. 9-14-01. 
 
 It is permissible for a Branch Manager 
 to have an office located below 42d Street 
 and one located above 42d Street, provided 
 such offices do not represent more than the 
 proper quota of offices allowed by the rules to 
 the Member represented by said Branch 
 Manager. A. C. 4-7-02. 
 
 (f) The Managers of such Branch Offices 
 shall write no risks except in the Boroughs 
 of Manhattan and the Bronx above the line 
 mentioned in paragraph (c), nor shall such 
 Branch Offices write on any risk other than 
 churches and schoolhouses and their contents, 
 dwellings and their contents, private stables 
 
AGREEMENT 
 
 21 
 
 Classes of risks 
 allowed 
 (concluded) 
 
 Dealings must be con- 
 fined to members 
 represented by him 
 
 and their contents, and buildings occupied 
 on grade floor as stores, and above the grade 
 floor exclusively as dwellings and so war- 
 ranted in the policies, and their contents. 
 
 The term " schoolhouses " in above para- 
 graph shall be held to cover all educational 
 institutions occupying buildings solely for their 
 own use. 9-11-01. 
 
 The words "shall write no risks except in 
 the Boroughs of Manhattan and the Bronx 
 above the line mentioned in paragraph (c)", 
 prohibit the issuance from the office of any 
 Branch Manager of any policy which might 
 have been previously executed in blank at 
 the Head Office, and a strict compliance with 
 the letter and spirit of this rule requires that 
 no such policies shall be executed at the Head 
 Office except in their entirety. This ruling 
 will apply to risks located south of the line 
 provided in the Agreement and also to classes 
 of hazards which the Branch Office is pro- 
 hibited from writing. A. C. 10-24-99. 
 
 Convents may be classed as school or church 
 property and subject to the commission al- 
 lowed thereon. 6-30-99. 
 
 Branch Managers located in the Borough 
 of the Bronx are restricted to the writing 
 of risks located within so much of that terri- 
 tory as is under the jurisdiction of this Ex- 
 change ; that is to say, West of the Bronx 
 River. A. C. 9-7-01. 
 
 Branch Managers are allowed to write Build- 
 ings in Course of Construction provided poli- 
 cies are in the following form : 
 
 "On building while in 
 
 Course of Construction or while occupied for 
 
 (here insert intended 
 
 occupancy which must be that of a risk 
 which a Branch Manager may write)." 
 
 (ff ) No Branch Manager in Manhattan or 
 the Bronx, nor any employee of such Branch 
 Manager, shall have any dealings whatever 
 with any member or members other than 
 those represented by him ; nor shall any such 
 
AGREEMENT 
 
 22 
 
 Dealings must be con* 
 fined to members 
 represented by him 
 (concluded) 
 
 Compensation 
 
 Agencies 
 
 Brooklyn Districts 
 defined 
 
 Compensation of 
 Agents 
 
 Branch Offices in 
 Brooklyn 
 
 Branch Manager have any such dealings 
 with any other Branch Manager or exchange 
 business with him on any terms whatever. 
 Neither shall any member have any dealing: 
 with a Branch Manager (or any of his em- 
 ployees) in Manhattan or the Bronx of any 
 other Member or accept business from him (or 
 any of his employees) with or without bro- 
 kerage. Such Branch Managers shall not pay 
 any brokerage or commission on any busi- 
 ness except on the classes of hazards which 
 they, under the Agreement, are allowed to 
 write. 
 
 (g) Such Managers of Branch Offices shall 
 be compensated by salary only, and all ex- 
 penses, including brokerage, shall be paid by 
 the principal employing them. 
 
 The compensation of a Branch Manager in 
 part by allowing him a contingent upon the 
 profits of his office is a violation. A. C. 3-10-02. 
 
 (h) Each member of the Exchange may 
 have one Head Office or Agency in the West- 
 ern District and one in the Eastern District 
 of the Borough of Brooklyn, also one in Long 
 Island City, all of whose writings shall be 
 entirely confined to risks upon Long Island. 
 
 The Eastern District of Brooklyn is defined 
 as follows : — All that portion of the Borough 
 of Brooklyn lying North of Flushing Avenue 
 from Washington Avenue to Broadway and 
 up Broadway to East New York, includ- 
 ing both sides of the avenues named. The 
 Western District is all that portion of the 
 Borough of Brooklyn (or Kings County), 
 not described as comprised in the Eastern 
 District. 5-4-99. 
 
 Agents should have their offices located 
 in the Districts for which they are ap- 
 pointed. A. C. 1-11-00. 
 
 (i) Such Managers of Head Offices or 
 Agencies may be compensated in such man- 
 ner as their principals may desire. 
 
 (j) Any member of the Exchange or Head 
 Office may have not exceeding two Branch 
 
AGREEMENT 
 
 23 
 
 Compensation 
 
 Must write in their 
 own districts 
 
 Offices in the territory known as the Western, 
 and one in the Eastern District of the Bor- 
 ough of Brooklyn. 
 
 (k) Such Managers of Branch Offices shall 
 be compensated by salary only, and all ex- 
 penses, including brokerage, shall be paid by 
 the principal employing them. 
 
 (1) The Managers of such Branch Offices 
 shall write no risks except in their respective 
 districts, nor shall such Branch Offices write 
 on any risk other than churches and school- 
 houses and their contents, dwellings and their 
 contents, private stables and their contents, 
 and buildings occupied on grade floor as 
 stores, and above the grade floor exclusively 
 as dwellings and so warranted in the policies, 
 and their contents. 
 
 Convents may be classed as school or church 
 property and subject to the commission 
 allowed thereon. 6-30-99. 
 
 (m) Each member may have two Head 
 Offices or Agencies in Jersey City, one in 
 Hoboken, one in Bayonne, and one in the 
 remaining portion of Hudson County east of 
 the Hackensack River. Such Agents shall 
 not be allowed to write risks located in the 
 City of New York. They may be compensated 
 in such manner as their principals may 
 desire. 
 
 For the purpose of complying with the 
 Resident Agents law of New Jersey, the ap- 
 pointment of a resident of that state, but 
 employed in a clerical capacity in New York, 
 whose powers are restricted to the counter- 
 signing of policies covering property in New 
 Jersey which may be issued at the main office 
 of a member, such Agent not being a Certified 
 Broker, and to whom no commission is 
 allowed, is not in violation of the rules of the 
 Exchange, and such appointee shall not be 
 regarded as one of the agencies authorized in 
 Jersey City, Hoboken and the adjacent terri- 
 tory under Section 18, Clause (m) of the 
 Agreement. A. C. 4-28-99. 
 
 Jersey City, Hoboken, 
 and Hudson County 
 Agents not allowed 
 to write in New 
 York 
 
 New Jersey Resident 
 Agents 
 
AGREEMENT 
 
 24 
 
 Agents and Branch 
 Offices amenable 
 to rules and rates 
 
 No brokerage 
 
 Salary paid Branch 
 Managers 
 
 Must do business at 
 assigned location 
 solely 
 
 Penalty for violation 
 
 Not to be employed 
 by any other 
 member 
 
 Names and addresses 
 to be filed 
 
 (n) Head Offices or Agencies and Branch 
 Offices and companies represented by them 
 shall be held amenable to the rules and rates 
 of this Exchange ; and the member or com- 
 pany represented by a member having such 
 Agency or Branch Office shall be responsible 
 for its proper conduct. No manager of a 
 Branch Office shall receive any brokerage or 
 transact business as a broker. 
 
 The employment by a member, or by an 
 Agent, Branch Manager, or other representa- 
 tive of a member, of an Agent, Branch Man- 
 ager, or employee of a non-Exchange company 
 will be regarded as a violation and so dealt 
 with. A. C. 10-12-00. 
 
 (o) The amount of salary paid to any 
 Branch Manager shall be a proper subject of 
 inquiry under the terms of this Agreement. 
 
 (p) Branch Managers will be in violation 
 of the rules unless they are in charge of bona 
 Me insurance offices located in the district 
 assigned them, and unless they transact their 
 insurance business at their assigned location 
 solely. 
 
 (q) Any Branch Manager having been prov- 
 en to have wilfully broken a rate, or to have 
 paid a brokerage in excess of that permitted 
 by the rules of this Exchange shall, upon 
 being found guilty to the satisfaction of the 
 Arbitration or Grievance Committee, have 
 his appointment immediately revoked, and 
 no member shall again employ him in the 
 capacity of Branch Manager. The findings 
 of said Committee shall, however, be open 
 to appeal to the Exchange as provided in 
 this Agreement. 
 
 (r) The name and address of every Agent 
 and Branch Manager shall be promptly filed 
 with the Manager of this Exchange, who 
 shall keep a list of the same in a book to be 
 prepared for that purpose, which list shall 
 be open to the inspection of the members of 
 the Exchange at all convenient times. 
 
 Failure to give notice to the Manager of the 
 
AGREEMENT 
 
 25 
 
 Within seven days 
 
 If appointments 
 objected to 
 
 Must be revoked 
 
 Appeals 
 
 Duplicate of sec. 16(f) 
 
 Appointment of an Agent or Branch Man- 
 ager within seven days after such appointment 
 is made will be regarded as a violation of 
 Section 18 (r). A. C. 11-19-01. 
 
 (s) If any member shall object to any such 
 appointment, the question shall be referred to 
 the Arbitration or Grievance Committee ; and 
 if said Committee shall decide that such ap- 
 pointment has been made in violation of the 
 letter or spirit of this Agreement, it shall 
 be immediately revoked upon their request. 
 An appeal to a general meeting against any 
 decision rendered may be taken in accordance 
 with the provisions of this Agreement. The 
 rules of this Exchange, as to brokerage 
 and commission, apply to all risks whereso- 
 ever located, whether afloat or ashore, and 
 whether rated or not rated, when written in 
 the territory covered by this Exchange. 
 
 No other kinds of risk 
 to be included in 
 fire policies 
 
 Payment of Premiums 
 
 Notice of Cancellation 
 
 Section 19. 
 
 No member shall include in a fire policy, or 
 by endorsement thereon, any risk other 
 than that of fire and lightning, and any com- 
 pany granting marine or tornado insurance, 
 or giving any privileges, or doing anything 
 that results in lowering the regular rates, is 
 in violation of the rules and rates of this 
 Exchange. 
 
 Section 20. 
 
 (a) All premiums shall be due upon the deliv- 
 ery of the policy, and if not paid by the tenth 
 day of the second month following the month 
 in which the insurance takes effect, notice of 
 the cancellation as required by the Standard 
 Policy shall be sent to the assured direct 
 (and, if the policy be held as collateral, to 
 the party, also, to whom it is payable) not 
 later than the twelfth of the said second 
 month, or if the twelfth falls on Sunday or a 
 holiday, then on the next working day ; and 
 if the premiums be not paid within five days 
 following the service of such notice, the poli- 
 
AGREEMENT 
 
 26 
 
 Notice of Cancellation 
 (concluded) 
 
 Form of Premium 
 Certificate 
 
 Manager shall report 
 names 
 
 cies shall be cancelled, and notice that they 
 have been cancelled shall be sent to the as- 
 sured direct, not later than the 20th of the 
 month. On the 20th of each month (or, if the 
 20th shall fall upon a legal holiday, on the 
 next working day) each member of the Ex- 
 change, and also each Agent and Branch 
 Office Manager within the jurisdiction of the 
 Exchange, shall make a statement as per 
 following form, and deliver same to the Man- 
 ager of the Exchange : 
 
 "The undersigned, member of the New York 
 Fire Insurance Exchange, or Agent or Branch 
 
 Office Manager of the Insurance 
 
 Company, hereby certifies that all the pre- 
 miums on all the policies issued by the said 
 member, Agent or Branch Office Manager, 
 
 and taking effect in the month of 
 
 were paid on the 20th inst., or, if any were un- 
 paid at that date, all such policies have been 
 cancelled for non-payment and notices of 
 such cancellations have been sent to the 
 assured and to the payee, if any." 
 
 Date. 
 
 Signature. 
 
 The Manager of the Exchange shall report 
 to the Arbitration or Grievance Committee 
 the names of all members, Agents or Branch 
 Offices, if any, who fail to promptly file the 
 statement above required. 
 
 When a member has been obliged to cancel 
 a policy for non-payment of premium he may 
 furnish a statement to that effect to the Man- 
 ager covering the name of the Company, 
 name and location of risk, amount, date of 
 commencement of insurance, and the name 
 of the broker, and upon receipt of such inform- 
 ation the Manager shall include it in a month- 
 ly circular list to be published and furnished 
 to all members, but the name of the member 
 furnishing the statement shall be omitted 
 from such publication. 10-8-02. 
 
AGREEMENT 27 
 
 Payment of Premiums Any omission to send out cancellation no- 
 ( concluded) tices based upon an agreement that the Bro- 
 
 ker guarantees payment of the premiums before 
 the20th of the month will be regarded asa viola- 
 tion and dealt with accordingly. A.C. 11-8-99. 
 
 The fact that a broker has a credit in the 
 hands of an office issuing a policy, does not 
 permit cancellation notice to the assured to be 
 withheld if premium on such policy is not paid 
 when due under the rules. A. C. 2-18-01. 
 
 The allowance of a discount for cash pay- 
 ment of premiums will be regarded as a 
 rebate and violation and dealt with accord- 
 ingly. B. C. 12-17-00. 
 
 The provisions of Section 20 relating to the 
 Collection of Premiums apply only on policies 
 covering risks located within the jurisdiction of 
 this Exchange. A. C. 2-1-00. 
 
 Re- insurance premiums as well as direct pre- 
 miums must be paid within the time stipu- 
 lated, viz : "by the tenth day of the second 
 month following the month in which the 
 insurance takes effect." * A. C. 6-18-99. 
 
 The acceptance of a check in payment of 
 premiums, no matter when dated, which shall 
 be held by the member receiving it for more 
 than twenty-four hours (Sundays and holi- 
 days excepted) after the time specified by 
 Section 20 of the Agreement, as amended, will 
 be regarded as a deviation and so dealt 
 with. A. C. 9-21-99. 
 
 The acceptance of a check dated later than 
 the time fixed for the payment of premiums 
 under the rules of the Exchange must be 
 regarded as a deviation and so dealt 
 with. A. C. 8-30-99. 
 
 Additional Premiums charged under endorse- 
 ments on policies shall be treated in the same 
 manner as if they were original premiums, 
 and are subject to Exchange rules regarding 
 cancellation of policies for non-payment of 
 premiums within the time prescribed by 
 above Section. A. C. 1-10-00. 
 
 "Where an additional premium is required 
 
AGREEMENT 
 
 under the rules of the Exchange which would 
 amount to less than 25 cents the charge there- 
 for may be waived. 3-20-01. 
 
 (b) All insurance effected upon open entry, 
 or carried on binder, must be closed and 
 premium thereon paid within the time above 
 specified. In closing same it shall be on the 
 basis of rate existing at the time insurance 
 was made binding. 
 
 (c) The Arbitration or Grievance Committee 
 shall have authority to extend the time for 
 the payment of premiums, in specific cases, 
 on account of sickness or absence of an 
 assured, or similar sufficient excuse, on the 
 written request of the member interested. 
 
 Open entries, time of 
 closing and rat* 
 
 Time for payment of 
 premiums may be 
 extended 
 
 Outside Risks, 
 brokerage on 
 
 Local tariff to govern 
 
 Section 21. 
 
 (a) No brokerage in excess of ten per cent, 
 shall be paid on any risk outside the territory 
 included in this Agreement, except when such 
 risk is within the jurisdiction of local boards 
 whose rules allow a higher brokerage than 
 ten per cent, and then such brokerage must 
 not be exceeded. 
 
 An allowance of brokerage in excess of ten 
 per cent, on floating policies covering outside 
 the territory of this Exchange is a violation, 
 whether such policies also cover within such 
 territory or not. 
 
 (b) In case any risk on property located 
 outside the territory of this Exchange be 
 written or accepted otherwise than through 
 a local agent of the company, the rate at 
 which the risk is accepted shall be that of the 
 local tariff of the place where it is located, 
 and the policy shall conform to rules and 
 forms there required. This provides that 
 members shall not write in their offices 
 situated in the territory covered by this Ex- 
 change in violation of the tariff rate of any 
 local board. 
 
 Where a policy covers property located within 
 the territory of the Exchange, and also 
 property located outside of such territory, the 
 
AGREEMENT 
 
 29 
 
 Local tariff to govern 
 (concluded) 
 
 Re-insurance 
 
 rate on the property located outside of the 
 territory of the Exchange shall be in accord- 
 ance with the rules and rates of the locality 
 where the property is located, but in no case 
 less than the rate of the New York Fire 
 Insurance Exchange on the property located 
 within its territory. R. C. 4-25-00. 
 
 Section 22. 
 
 (a) No member or company represented by 
 a member shall effect, here or abroad, any re- 
 insurance upon risks located in the territory 
 of this Exchange, otherwise than with mem- 
 bers of the New York Fire Insurance Ex- 
 change. 
 
 It is a violation of the rules of the Ex- 
 change to effect re-insurance in any Company 
 not legally admitted to transact business in 
 that portion of the territory of the Exchange 
 in which re-insurance is desired ; but this 
 does not apply to so-called Affidavit 
 Bisks. A. C. 2-10-00. 
 
 It is contrary to the spirit of the Agreement 
 and rules of the Exchange for a member to 
 re-insure a non-Exchange company upon risks 
 located within the jurisdiction of this Ex- 
 change. A. C. 6-13-00. 
 
 Re-insurance written within the jurisdiction 
 of this Exchange on policies covering risks 
 located outside the territory of this Exchange 
 must be written at the tariff rate of the local 
 board having jurisdiction. A. C. 6-13-00. 
 
 The rules of the Exchange do not affect the 
 commission paid by one company to another, 
 both being members of the Exchange, for the 
 re-insurance of risks located outside of the 
 jurisdiction of this Exchange. A. C. 8-30-99. 
 
 Exchange members may re-insure non-Ex- 
 change companies upon risks located within 
 the jurisdiction of the Exchange, provided no 
 commission or brokerage thereon is paid to the 
 re-insured company, or to the broker, or 
 agent. A. C. 8-11-00. 
 
 (b) The above restrictions shall not apply 
 
AGREEMENT 
 
 30 
 
 Affidavit risks 
 excepted 
 
 Withdrawals 
 
 to such risks as, under the provisions of the 
 Statutes of New York State, may be placed by- 
 licensed brokers in companies not duly admit- 
 ted to transact business in the State, nor 
 shall it apply to buildings or contents of 
 railroad terminal property. 
 
 As to the right of companies to effect Re- 
 Insurance in outside Companies, all Exchange 
 companies being full, it is ruled that the same 
 privilege would extend to companies effecting 
 Re-Insurance as is given to Brokers under 
 Pledge Class 2, they also rendering to the 
 Manager a statement of the amounts of such 
 insurance and the companies in which it 
 is effected similar to the statement re- 
 quired from Brokers under same circum- 
 stances. A. C. 8-21-99. 
 
 In the matter of re-insurance of policies issued 
 prior to organization of the Exchange and com- 
 missions allowed thereon, it is ruled that any 
 policy, whether direct or by way of re-insur- 
 ance, written subsequent to March 8th, 1899, 
 should conform fully to tariff requirements as 
 to rates and rules. 10-19-99. 
 
 Re-insurance of fire liability of Marine In- 
 surance Companies on merchandise either 
 specific or by floating policies must conform to 
 all Exchange rules and rates. A. C. 11-10-99. 
 
 Section 23. 
 
 Any member may withdraw from this Ex- 
 change on giving thirty days' notice in writ- 
 ing to the President of the Exchange of his 
 intention to do so ; it being understood that, 
 at the end of such thirty days and on such 
 withdrawal, any other member may with- 
 draw at the same time, provided he has 
 given, at least, five days' notice in writing to 
 the President of the Exchange of his inten- 
 tion to do so. Notices of resignation shall 
 be immediately communicated to all the 
 members. 
 
 Section 24. 
 
 No change shall be made in this Agreement 
 
AGREEMENT 
 
 31 
 
 Changes in Agreement 
 
 Arrangements to be 
 relinquished 
 
 Information as to 
 such arrangements 
 
 Pledge of Member 
 
 until written or printed notice of a proposi- 
 tion to amend has been sent to every mem- 
 ber, not less than one week in advance of the 
 day fixed for its discussion ; and no change 
 or addition shall be made if any member 
 present at such meeting shall vote in the 
 negative. 
 
 Section 25. 
 
 (a) All companies having arrangements 
 which, in accordance with the rules now 
 adopted, will have to be relinquished or re- 
 adjusted shall, as the alternative of imme- 
 diate acquiescence, file with the Arbitration 
 Committee a statement of such arrange- 
 ments, accompanied by an application for 
 time in which to reform the same ; and the 
 maintenance of such arrangements in the 
 absence of the submission of such application 
 shall be held to be in violation of the rules of 
 the Exchange. 
 
 (b) The Arbitration Committee shall there- 
 upon, with due diligence, proceed to pass 
 upon the applications filed ; and the decision 
 of such Committee when rendered shall be 
 final and conclusive ; and the said Committee 
 shall, upon request of any member, furnish 
 him with full information as to any such 
 arrangements filed. 
 
 Section 26. 
 
 I hereby agree for myself and the company 
 or companies which I represent that I will 
 observe the foregoing Agreement and all the 
 Rates, Rules and Regulations of the New 
 York Fire Insurance Exchange, in letter and 
 in spirit, until I am released from its obliga- 
 tions, as therein provided. I have not any 
 agreement or contract with brokers, or 
 others, not in accordance with its provisions, 
 nor will I make any such while I am a mem- 
 ber of this Exchange. 
 
AGREEMENT 
 
 Signature of member to 
 foregoing Agreement 
 and Pledge 
 
LIST OF MEMBERS. 
 
 COMPANY MEMBERS. 
 
 Assurance Co. of America New York. 
 
 Atlas Assurance Co London, England. 
 
 Caledonian Insurance Co Scotland. 
 
 Caledonian American Insurance Co New York. 
 
 Cologne Eeinsurance Co Cologne, Germany. 
 
 Colonial Assurance Co New York. 
 
 Commercial Union Assurance Co., Ltd England. 
 
 Commercial Union Insurance Co New York. 
 
 Commonwealth Insurance Co New York. 
 
 Continental Insurance Co New York. 
 
 Empire City Fire Insurance Co New York. 
 
 German Alliance Insurance Co New York. 
 
 German American Insurance Co New York. 
 
 Germania Fire Insurance Co New York. 
 
 Globe & Eutgers Fire Insurance Co New York. 
 
 Greenwich Insurance Co New York. 
 
 Hamburg Bremen Fire Insurance Co Hamburg, Germany. 
 
 Hamilton Fire Insurance Co New York. 
 
 Hanover Fire Insurance Co New York. 
 
 Home Insurance Co New York. 
 
 Indemnity Fire Insurance Co New York. 
 
 Kings County Fire Insurance Co New York. 
 
 Lafayette Fire Insurance Co New York. 
 
 Liverpool & London & Globe Insurance Co . . Liverpool, England. 
 
 Liverpool & London & Globe Insurance Co New York. 
 
 London & Lancashire Fire Insurance Co . . . Liverpool, England. 
 
 London Assurance Corporation London, England. 
 
 Manchester Fire Insurance Co Manchester, England. 
 
 Munich Ee-Insurance Co Munich, Germany. 
 
 Nassau Fire Insurance Co New York. 
 
 National Assurance Co. of Ireland Ireland. 
 
 National Standard Fire Insurance Co New York. 
 
 New York Fire Insurance Co New York. 
 
 Niagara Fire Insurance Co New York. 
 
 33 
 
LIST OF MEMBERS. 34 
 
 North British & Mercantile Insurance Co ... . London, England. 
 
 North British & Mercantile Insurance Co New York. 
 
 Northern Assurance Co London, England. 
 
 Northern Insurance Co New York. 
 
 North German Fire Insurance Co New York. 
 
 North German Fire Insurance Co Hamburg, Germany. 
 
 North Eiver Insurance Co New York. 
 
 Norwich Union Fire Insurance Society Norwich, England. 
 
 Pacific Fire Insurance Co New York. 
 
 Palatine Insurance Co., Ltd Manchester, England. 
 
 Pelican Assurance Co New York. 
 
 Peter Cooper Fire Insurance Co New York. 
 
 Phenix Insurance Co New York. 
 
 Phoenix Assurance Co London, England. 
 
 Queen Insurance Co New York. 
 
 Royal Exchange Assurance London, England. 
 
 Royal Insurance Co Liverpool, England. 
 
 Salamandra Insurance Co St. Petersburg, Russia. 
 
 Skandia Insurance Co Stockholm, Sweden. 
 
 Standard Fire Insurance Co., The Trenton, N. J. 
 
 Stuyvesant Insurance Co New York. 
 
 Sun Insurance Office London, England. 
 
 Thuringia Fire Insurance Co Erfurt, Germany. 
 
 United States Fire Insurance Co New York. 
 
 Victoria Fire Insurance Co New York. 
 
 Westchester Fire Insurance Co New York. 
 
 Williamsburgh City Fire Insurance Co New York. 
 
 AGENCY MEMBERS. 
 
 Baldwin & Fuller. Mather & Co. 
 
 Banta, W. S. Miller, A. E. 
 
 Blagden & Stillman. Ogden & Katzenmeyer. 
 
 Brown, T. Y., & Co. Perrin, W. L. 
 
 Case, Charles L. Pollock, West & Co. 
 
 Crum & Forster. Prentice, Daniel. 
 
 Dellevie, Otto. Price & Brickelmaier. 
 
 Hall & Henshaw. Rowell, Edward. 
 
 Herrick, Harold. Sammis, W. D. 
 
 Hilliard, J. G. Scott, Alexander & Talbot. 
 
 Howe, George C. Smith, C. G. 
 
 Howley & King. Wayland, Curtis C. 
 
 Hull & Dinsmore. Weed & Kennedy. 
 
 Kelly, J. A. Whiton, J. M. & Co. 
 
 Lasher, Thomas J. Withers & Mills. 
 
 Lockwood, Benoni. Young, W. P. 
 
COMPANIES REPRESENTED BY MEMBERS. 35 
 
 COMPANIES REPRESENTED BY MEMBERS and AGENTS. 
 
 The following is a List of Companies represented by Members 
 of the Exchange and by Agents under Exchange jurisdiction as 
 recorded at the Manager's Office up to April 1st, 1903. 
 
 Aachen and Munich Eire Ins. Co. .Aix-la-Chapelle, Germany. 
 
 Aetna Insurance Co Hartford, Conn. 
 
 Agricultural Insurance Co Watertown, N. Y. 
 
 Albany Insurance Co Albany, N. Y. 
 
 Allemania Eire Insurance Co Pittsburgh, Pa. 
 
 Alliance Assurance Co London, England. 
 
 American Central Insurance Co St. Louis, Mo. 
 
 American Eire Insurance Co Philadelphia, Pa. 
 
 American Insurance Co Boston, Mass. 
 
 American Insurance Co Newark, N. J. 
 
 Anchor Fire Insurance Co Cincinnati, Ohio. 
 
 Boston Insurance Co Boston, Mass. 
 
 British American Assurance Co Toronto, Canada. 
 
 Buffalo Commercial Insurance Co Buffalo, N. Y. 
 
 Buffalo German Insurance Co Buffalo, N. Y. 
 
 Camden Eire Insurance Association Camden, N. J. 
 
 Capital Eire Insurance Co Concord, N. H. 
 
 Citizens Insurance Co St. Louis, Mo. 
 
 Colonial Assurance Co New York. 
 
 Colonial Insurance Co Washington, D. C. 
 
 Commerce Insurance Co Albany, N. Y. 
 
 Concordia Fire Insurance Co Milwaukee, Wis. 
 
 Connecticut Fire Insurance Co Hartford, Conn. 
 
 Delaware Insurance Co. of Philadelphia Philadelphia, Pa. 
 
 Detroit Fire and Marine Insurance Co Detroit, Mich. 
 
 Dutchess Insurance Co Poughkeepsie, N. Y. 
 
 Equitable Fire and Marine Insurance Co Providence, E. I. 
 
 Farmers Fire Insurance Co York, Pa. 
 
 Fire Association of Philadelphia Philadelphia, Pa. 
 
 Fire Ins. Co. of the County of Philadelphia . . . Philadelphia, Pa. 
 
 Firemens Fund Insurance Co San Francisco, Cal. 
 
 Firemens Insurance Co. of Baltimore Baltimore, Md. 
 
 Firemens Insurance Co. of Newark, N. J Newark, N. J. 
 
 Franklin Fire Insurance Co. of Philadelphia . . Philadelphia, Pa. 
 
 Georgia Home Insurance Co Columbus, Ga. 
 
 German American Fire Insurance Co Baltimore, Md. 
 
 German Fire Ins. Co. of the City of Pittsburgh. .Pittsburgh, Pa. 
 
 German Insurance Co. of Freeport Freeport, 111. 
 
 Girard Fire and Marine Insurance Co Philadelphia, Pa. 
 
 Glens Falls Insurance Co Glens Falls, N. Y. 
 
 Granite State Fire Insurance Co Portsmouth, N. H. 
 
 Hartford Fire Insurance Co Hartford, Conn. 
 
COMPANIES REPRESENTED BY MEMBERS. 36 
 
 Home Fire & Marine Ins. Co. of California, San Francisco, Cal. 
 
 Home Fire Insurance Co. of Baltimore Baltimore, Md. 
 
 Indianapolis Fire Insurance Co Indianapolis, Ind. 
 
 Insurance Co. of North America Philadelphia, Pa. 
 
 Law Union and Crown Fire and Life Ins. Co . . London, England. 
 
 Lumbermen's Insurance Co Philadelphia, Pa. 
 
 Mechanics and Traders' Insurance Co New Orleans, La. 
 
 Mechanics Insurance Co Philadelphia, Pa. 
 
 Mercantile Fire and Marine Insurance Co Boston, Mass. 
 
 Michigan Fire and Marine Insurance Co Detroit, Mich. 
 
 Milwaukee Fire Insurance Co Milwaukee, Wis. 
 
 Milwaukee Mechanics' Insurance Co Milwaukee, Wis. 
 
 National Fire Insurance Co. of Hartford Hartford, Conn. 
 
 National Union Fire Insurance Co Pittsburgh, Pa. 
 
 Netherlands Fire Insurance Co The Hague, Holland. 
 
 New Hampshire Fire Insurance Co Manchester, N. H. 
 
 New York Underwriters Agency New York. 
 
 Newark Fire Insurance Co Newark, N. J. 
 
 North German Fire Insurance Co Hamburg, Germany. 
 
 Northwestern Nat. Ins. Co. of Milwaukee, Wis . . Milwaukee, Wis. 
 
 Orient Insurance Company Hartford, Conn. 
 
 Pennsylvania Fire 'Insurance Co Philadelphia, Pa. 
 
 Philadelphia Underwriters Philadelphia, Pa. 
 
 Phoenix Insurance Co Hartford, Conn. 
 
 Potomac Insurance Co. of Georgetown Washington, D. C. 
 
 Providence- Washington Insurance Co Providence, R. I. 
 
 Prussian National Insurance Co Stettin, Germany. 
 
 Reading Fire Insurance Co Reading, Pa. 
 
 Reliance Insurance Co. of Philadelphia Philadelphia, Pa. 
 
 Rochester German Ins. Co. of Rochester, N. Y . . Rochester, N. Y. 
 
 Royal Exchange Assurance London, England. 
 
 St. Paul Fire and Marine Insurance Co St. Paul, Minn. 
 
 Scottish Union and National Ins. Co Edinburgh, Scotland. 
 
 Security Insurance Co. of New Haven New Haven, Conn. 
 
 Spring Garden Insurance Co Philadelphia, Pa. 
 
 Springfield Fire and Marine Insurance Co ... . Springfield, Mass. 
 
 Svea Fire and Life Insurance Co Gothenburg, Sweden. 
 
 Teutonia Insurance Co New Orleans, La. 
 
 Traders Insurance Co Chicago, 111. 
 
 Transatlantic Fire Insurance Co Hamburg, Germany. 
 
 Union Assurance Society London, England. 
 
 Union Insurance Co. of Philadelphia, Pa Philadelphia, Pa. 
 
 United Firemens Ins. Co. of Philadelphia Philadelphia, Pa. 
 
 Virginia Fire and Marine Insurance Co Richmond, Ya. 
 
 Virginia State Insurance Co Richmond, Va. 
 
 Western Assurance Co Toronto, Canada. 
 
 Western Insurance Co. of Pittsburgh, Pa Pittsburgh, Pa. 
 
BROKER'S PLEDGE. 
 
 CLASS I. 
 
 In consideration of the commissions or brokerages of 10 per 
 cent, or 20 per cent, as provided for and to be paid by members of 
 the New York Fire Insurance Exchange, I hereby promise and 
 agree that I will not, directly or indirectly, make any rebate to 
 the assured nor directly or indirectly pay to or divide with any 
 person not holding a Broker's Certificate, any commission or 
 brokerage, nor will I receive from any Company or Agent, directly 
 or indirectly, any remuneration for business placed with them in 
 excess of that permitted by the rules of the Exchange. 
 
 To be signed by the principal, not employee. 
 
 CLASS II. 
 
 In consideration of the payment to be made to me of an addi- 
 tional five per cent, to the commissions or brokerages as provided 
 for in Broker's Pledge, Class I, signed by me, I hereby promise 
 and agree in addition to said pledge, that in placing insurance, I 
 will give the preference to the members of the New York Fire 
 Insurance Exchange, and that I will not place any risk with 
 those not members unless I cannot secure sufficient insurance on 
 such risks from members of the Exchange, in which case I agree 
 to file with the Secretary of the Exchange, within one week of so 
 placing a list of such outside Company or Companies in which 
 same has been placed with the name of the assured, location of 
 risk and the amounts of insurance given them. 
 
 (To be signed by the principal, not employee, principal 
 having first signed Pledge, Class I.) 
 
 37 
 
GENERAL RULES AND RATES. 
 
 ALLOWANCE FOR AUTOMATIC FIRE ALARM. 
 
 On all risks an allowance may be made for an approved Auto- 
 matic Fire Alarm as follows : 
 
 Rates 1 per cent, or less 10 per cent. 
 
 Rates over 1 per cent 10 cents. 
 
 In Listed Storage Stores equipped with automatic fire alarm, 
 allowance as above may be made from the rate for merchandise 
 arrived at by adding Alphabetical List charge to the base rate 
 for merchandise named on card. Allowance as above may also 
 be made on rate for building as given on card. 
 
 No permit shall be granted for an inoperative condition of an auto- 
 matic sprinkler or automatic alarm equipment for any cause 
 without advancing the rate by the pro rata of the original allow- 
 ance for the unexpired term. No allowance can be made for 
 automatic sprinklers or alarm for a stipulation for an intended 
 installation at a later date, but the charge must be made for the 
 full term under the conditions existing at the date of the policy. 
 No allowance shall be made for any such installation until certifi- 
 cate and notification are regularly issued. 2-6-96. 
 
 ALLOWANCE FOR AUTOMATIC SPRINKLERS. 
 
 In entire Metropolitan District: no allowance shall be made 
 for an approved Automatic Sprinkler System, unless a warranty 
 is placed on policies providing that a watchman shall be main- 
 tained nights, Sundays and holidays, or when the premises are 
 not in operation or use ; or that the sprinkler system be connected 
 electrically by a suitable device with the Central ofl&ce of an auto- 
 matic fire alarm system, so arranged that it will give immediate 
 notice in case the water flows in the pipe system. (See clause.) 
 
 For old eqiupments in accordance with the standard of the 
 New York Board of Fire Underwriters, existing previously to April 
 15th, 1896, allowance of 20 per cent, on building and contents. 
 
 38 
 
GENERAL RULES AND RATES. 39 
 
 For equipments in accordance with the new standard of the 
 New York Board of Fire Underwriters, allowance of 30 per cent, 
 on building and contents. 
 
 No equipment shall be entitled to the 30 per cent, allowance until 
 expressly so stated upon the rate card. 6-19-96. 
 
 No permit shall be granted for an inoperative condition of an auto- 
 matic sprinkler or automatic alarm equipment for any cause 
 without advancing the rate by the pro rata of the original allow- 
 ance for the unexpired term. No allowance can be made for 
 automatic sprinklers or alarm for a stipulation for an intended 
 installation at a later date, but the charge must be made for the 
 full term under the conditions existing at the date of the policy. 
 No allowance shall be made for any such installation until certifi- 
 cate and notification are regularly issue'd. 2-6-96. 
 
 AUTOMATIC SPRINKLER EQUIPMENTS ON SEPARATE 
 
 FLOORS. 
 
 An equitable recognition shall be made of sprinkler equip- 
 ments on separate floors of fire-proof buildings occupied for 
 mercantile purposes where the entire building is not equipped, 
 based upon such percentage of the regular sprinkler allowance as 
 the floor area so equipped bears to the total floor area of the 
 entire building, it being understood that no allowance shall be 
 made for equipments covering less than an entire floor of a build- 
 ing, and that the percentage deduction to be allowed shall be 
 only on contents of the floor or floors directly protected by such 
 equipment. 9-14-00. 
 
 APARTMENT HOUSES. 
 
 Manager is required to rate specifically all Apartment Houses 
 of 2,500 square feet or over in ground area, which are over five 
 stories in height, and also all Apartment Houses of over 4,000 
 square feet area, and members when binding risks of this class 
 must apply to the Manager for specific rates on such risks as come 
 within these limitations. 
 
 When a risk is bound upon an apartment house in course of 
 construction, or a contemplated new apartment house, it must 
 be bound subject to a specific rate to be made by the Exchange, 
 or have attached to the policy the following clause : 
 
 "Warranted by the assured that the building insured under 
 this policy is not more than 5 stories in height and does not ex- 
 ceed 4,000 square feet in ground area (no deduction being made 
 from such area for light and ventilating shafts or similar open- 
 ings), otherwise this policy to be null and void." 
 
GENERAL RULES AND RATES. 40 
 
 Note:— If the building does not exceed 2,500 square feet In area 
 It may be more than 5 stories in height without being subject to 
 rate, and in that case, the above warranty maybe changed by in- 
 serting the number of stories instead of 5 and placing the limit of 
 area at 2,500 square feet instead of 4,000 ; as, for example : " War- 
 ranted that the building insured under this policy is not more 
 than 7 stories in height and does not exceed 2,500 square feet in 
 area (no deduction being made from such area for light and ven- 
 tilating shafts and similar openings), otherwise this policy to be 
 null and void." 
 
 For the guidance of members an "Apartment House" is defined 
 as follows, viz : a building in which apartments are rented to 
 tenants whose housekeeping is conducted in their own apart- 
 ments respectively. A. C. 6-2-99. 
 
 The Unoccupancy Warranty is not required on policies covering 
 Apartment Houses in course of construction that are not subject 
 to specific rating, but policies covering on Apartment Houses 
 which come under the ruling of the Exchange as to area and height 
 must have the Unoccupancy Warranty attached. R. C. 6-1-00. 
 
 Apartment houses and stores and dwellings which are or may 
 be hereafter specifically rated may be written at Branch Offices, and 
 the commission payable on such risks under the Agreement 
 is 20 or 25 per cent., as provided by Section 17, (a) of Agree- 
 ment. A. C. 4-28-99. 
 
 BASEMENTS SPRINKLED. 
 
 Where basements and sub-basements are fully protected with 
 an approved system of automatic sprinklers, and approval has 
 been promulgated by the New York Board of Fire Underwriters, 
 the Rate Committee may make an allowance therefor of not ex- 
 ceeding 10 per cent. This discount shall not be made in addition 
 to the discount for fully sprinkled risks. 12-11-02. 
 
 BINDING RISKS. 
 
 Policies must be issued immediately as soon as a risk is bound 
 at the proper rate then existing and not held open for an antici- 
 pated change in the rate, subject to rules regarding Changes of 
 Occupancy Construction or Hazard, on page 52. 
 
 No insurance shall be made binding, whether by verbal agreement, 
 binder, renewal receipt, new policy, certificate, or otherwise, to 
 take effect beyond the calendar month succeeding date of applica- 
 tion, unless the insurance so arranged for in advance shall be 
 taken subject to the tariff rate in force at the time such insurance 
 is to take effect. 12-18-00. 
 
GENERAL RULES AND RATES. 41 
 
 When binders are issued on rated risks such binders must be at 
 the rates in cabinets, and the issuance of such binders at less than 
 tariff rate will be regarded as a violation and dealt with accord- 
 ingly. A. C. 6-1-00. 
 
 BLANKET POLICIES. 
 
 Policies covering on and/ or in two or more buildings not com- 
 municating must have the 100 per cent. Average Clause attached, 
 without deduction for the same. 
 
 Blanket policies may be written covering on and/ or in two or 
 more communicating buildings having approved fire doors at all 
 communicating openings, at the highest rate, with the 80 per 
 cent. Average Clause and the Standard Distribution Clause, and 
 10 per cent, allowance may be made for 100 per cent. Average in 
 such cases. 
 
 Policies insuring contents of building or buildings, i. e., 
 machinery and stock, under one item, must have the 100 per cent. 
 Average Clause attached and the usual 10 percent, deduction may 
 be made therefor, provided the blanket policy covers in one build- 
 ing only, but if in two or more buildings not communicating no 
 deduction may be made. 
 
 (See ruling, under Communicating Buildings, on the subject of 
 non-approved doors.) 
 
 The usual allowance may be made for 100 per cent. Average on 
 policies covering blanket on building, machinery and stock, provid- 
 ing the blanket policy covers on and/or in one building only, but 
 if in two or more buildings not communicating, no deduction 
 may be made. It. C. 2-21-00. 
 
 The rules covering attachment of the Standard Distribution 
 Clause apply when policies are written under an average rate the 
 same as if written under a blanket rate. It. C. 7-20-01. 
 
 When a policy blankets merchandise and furniture and fixtures the 
 100 per cent. Average Clause is required and the usual allowance 
 of 10 per cent, may be made therefor. It. C. 4-15-02. 
 
 A policy covering merchandise in or on the piers of any speci- 
 fied terminal may include merchandise in cars on tracks of that termi- 
 nal and be considered not as a floater, but as a blanket policy, 
 and may be written at the rate of the contents of the pier or shed 
 of that terminal having the highest contents rate. Such policies 
 must have the 100 per cent. Average Clause with no deduction 
 therefor. 
 
 Members are also reminded that in case of blanket policies on 
 buildings or their contents, not communicating as well as com- 
 municating, the highest rate included under the blanket must be 
 charged. 
 
GENERAL EUI/ES AND RATES. 42 
 
 Members may not under any circumstances make average 
 rates for blanket policies covering two or more risks. In all 
 cases the rule must be observed that the highest rate must be 
 charged. Average rates for blanket policies may be made only by the 
 Manager, acting under the rules, and no average rate may be 
 allowed until regularly published on the card. 7-10-96. 
 
 BRANCH MANAGERS. 
 
 The conditions under which Branch Managers may be ap- 
 pointed as to territory, compensation, classes of risks permitted 
 to be written, etc, are fully set forth in Section 18 of Agreement, 
 and in connection therewith the following rulings have been 
 made. 
 
 The words in Agreement, Section 18 (f ) " shall write no risks 
 except in the Boroughs of Manhattan and the Bronx above the 
 line mentioned in Paragraph (c)" prohibit the issuance from the 
 office of any Branch Manager of any policy which may have been 
 previously executed in blank at the Head Office, and a strict compli- 
 ance with the letter and spirit of this rule requires that no such 
 policies shall be executed at the Head Office except in their entirety. 
 This ruling will apply to risks located south of the line provided 
 in the Agreement and also to classes of hazards which the Branch 
 Office is prohibited from writing. A. C. 10-24-99. 
 
 It is held to be in violation of the rules of the Exchange for the 
 salary of a Branch Manager to be revised each month, or at any 
 period short of one year, the plain interpretation of the rules re- 
 lating to the employment of Branch Managers being that the 
 salary referred to shall be fixed in advance for a period of at least 
 one year. In view, however, of the common practice of having 
 salary arrangements end with the calendar year, it is held that 
 contracts may be made during the current year for the unexpired 
 portion thereof. A. C. 4-24-99. 
 
 A person may act as a Head Office Agent for one member and 
 at the same time as a Branch Office Manager for another member 
 in the territory assigned to Branch Offices, but the rules forbid a 
 person holding such appointments to transact any brokerage business 
 whatever. A. C. 4-28-99. 
 
 It is not in violation of the rules of the Exchange for two or 
 more members to maintain jointly such Branch Offices as are per- 
 mitted by the rules of the Exchange. A. C. 3-21-99. 
 
 The manager of a Branch Office may not receive, under the 
 rules, a brokerage on any risk which he may place in the name 
 and on behalf of the company which he represents. 5-18-99. 
 
 Apartment houses and stores and dwellings which are or may be 
 hereafter specifically rated may be written at Branch Offices, and the 
 
GENERAL RULES AND RATES. 43 
 
 commission payable on such risks under the Agreement is 20 or 25 
 per cent., as provided by Section 17, (a) of Agreement. A. C. 4-28-99. 
 
 For the guidance of members an "Apartment House," is 
 defined as follows, viz : a building in which apartments are rented 
 to tenants whose housekeeping is conducted in their own apart- 
 ments respectively. A. C. 6-2-99. 
 
 Private stables and their contents which may be written by 
 managers of Branch Offices, include private family stables; also 
 private business stables provided same be owned or occupied by 
 parties who are engaged in such a class of business as may be 
 written at Branch Offices. A. C. 6-2-99. 
 
 A policy which has been issued at a Branch Office prior to the 
 date of inception of the Exchange, may not be transferred by a 
 Branch Manager to cover on or in a building which under exist- 
 ing rules may not be written at the Branch Office, but must be 
 treated in all respects as a new risk regarding the transfer of 
 the insurance, the attachment of the Average Clause and the 
 payment of commission. A. C. 6-16-99. 
 
 Managers of Branch Offices in the Western District of Brooklyn 
 may write only risks located in such District and the Branch Man- 
 agers in the Eastern District are likewise restricted to the writing 
 of risks located in such District. A. C. 6-29-99. 
 
 Any form of remuneration to a Branch Manager other than a 
 fixed salary is in violation of the rules of the Exchange, and 
 agreements with Branch Managers should be governed accord- 
 ingly. A. C. 1-5-00. 
 
 The compensation of a Branch Manager in part by allowing 
 him a contingent upon the profits of his office is a violation, as 
 Branch Managers may be compensated by salary only. (See 
 Agreement, Section 18 (g).) A. C. 3-10-02. 
 
 It is permissible for a Branch Manager to have an office located 
 below 42d Street and one located above 42d Street, provided such 
 offices do not represent more than the proper quota of offices al- 
 lowed by the rules to the Member represented by said Branch 
 Manager. A. C. 4-7-02. 
 
 A Branch Office located on Forty-Second Street must be con- 
 sidered, according to paragraph (e), Section 18 of Agreement, as 
 being for the territory south of Forty-Second Street. A. C. 9-14-01. 
 
 Branch Managers located in the Borough of the Bronx are 
 restricted to the writing of risks located within so much of that 
 territory as is under the jurisdiction of this Exchange ; that is to 
 say, West of the Bronx River. A. C. 9-7-01. 
 
 Branch Offices must provide proper cabinets for reception of 
 cards containing List of Brokers, which must be accessible to the 
 
GENERAL RULES AND RATES. 44 
 
 card distributers during business hours, and failure to provide 
 such cabinets and maintain such accessibility will be ground for 
 requiring a Branch Office to be discontinued. 9-10-02. 
 
 BROKERAGE AND COMMISSION. 
 
 The rules of this Exchange as to brokerage and commission 
 apply to Tornado Insurance as well as Fire Insurance. A. C. 2-1-00. 
 
 The payment of any brokerage or other compensation in 
 excess of the brokerage allowed by the rules of the Exchange to 
 any person holding a certificate as a broker, on any risk located 
 outside the territory of the Exchange, for the purpose of influenc- 
 ing business located in the territory of the Exchange whether by 
 agreement or otherwise, is a violation of the rules of this Exchange 
 as to brokerage and a proper subject of inquiry. A. C. 4-7-99. 
 
 The brokerage of 20 per cent, and 25 per cent, respectively can 
 be paid only on such risks as are permitted, under the Agreement, 
 to be written at Branch Offices. A. C. 4-7-99. 
 
 The offer of rebate whether given or not, or offer of reduction of 
 rate below tariff, unless such reduction is in accordance with the 
 rules of the Exchange, and the reason for such reduction or rebate 
 explained to the assured, will be considered as a violation of the 
 Broker's Pledges and treated accordingly. 5-9-00. 
 
 If sufficient insurance cannot be procured in Exchange compa- 
 nies at tariff rates, it is a violation of Broker's Pledge to place 
 insurance with non-members without filing with the Exchange, 
 within one week, a memorandum to that effect. A. C. 5-4-99. 
 
 The making of rebates on plate glass, casualty, employers' liabil- 
 ity, sprinkler leakage, and similar policies as an inducement to 
 secure the fire insurance business of the party to whom such re- 
 bates are made is a violation of the Broker's Pledge, and will be 
 treated accordingly. A. C. 6-1-99. 
 
 Not more than 15 per cent, commission may be paid under insur- 
 ances covering buildings and their contents, which are occupied 
 for mercantile purposes on the first and second floors and for 
 dwellings above. A. C. 6-1-99. 
 
 Only 15 per cent, commission can be paid under a policy cover- 
 ing household furniture in an Apartment Hotel as it comes under 
 the designation of Hotel. A. C. 6-2-99. 
 
 It is a violation to allow in excess of 15 per cent, commission 
 
GENERAL RULES AND RATES. 45 
 
 on policies covering Household Furniture contained in specifically- 
 rated storage buildings. 8-21-99. 
 
 Any violation of the Kules or the Agreement committed by 
 an employee ol a Broker will he construed as an act of the 
 employer. 5-9-00. 
 
 When insurance has been effected for proper reasons in non- 
 Exchange companies and such insurance has been promulgated, 
 and subsequently the assured moves to another location and such 
 non-Exchange insurance is transferred to cover in the new loca- 
 tion, it is not necessary to promulgate such transferred insurance, 
 it being understood that at expiration such insurance shall be 
 offered to Exchange companies before being again offered to 
 non-Exchange companies. A. C. 7-25-99. 
 
 Section 21 (a) prohibits the payment of any brokerage in excess 
 of ten per cent, on any risk written in the territory of the Ex- 
 change and located outside of the territory included in the Agree- 
 ment, except only where a local board, having jurisdiction of the 
 territory in which the risk is located, has a specific rule allowing 
 more than ten per cent., in which case such higher brokerage 
 may be allowed ; and in case there is no local board, or in case a 
 local board exists, but has no specific rule on brokerages, the 
 brokerage allowed on such risks shall in no case exceed ten per 
 cent. A. C. 7-7-99. 
 
 The rules of the Exchange do not affect the commission paid by 
 one company to another, both being members of the Exchange, for 
 the re-insurance of risks located outside of the jurisdiction of this 
 Exchange. A. C. 8-30-99. 
 
 The allowance of a rebate under a policy covering property 
 wherever located if written at any office or agency of a member in 
 the territory under the jurisdiction of the New York Fire Insur- 
 ance Exchange would be a violation of the Broker's Pledge and 
 of the rules of the Exchange ; and if written by the local agent of 
 the member in the town or city where the risk is located and the 
 local board of such city or town prohibits rebates then the mem- 
 ber cannot pay a broker any commission or brokerage unless he 
 agrees not to rebate any portion thereof to the assured. The 
 allowance of such a rebate under a policy written at any office or 
 Agency, wherever located, for the purpose of securing an insurance 
 or insurances on property situate in the territory under the juris- 
 diction of the Exchange would be a violation of the Broker's 
 Pledge and rules of the Exchange, and in either case would be 
 subject to the penalties provided. 1-10-00. 
 
GENERAL RULES AND RATES. 46 
 
 The allowance by a member of commission or brokerage to any 
 clerk or employee of such member who does not hold a Broker's 
 Certificate will be regarded as a violation. A. C. 10-12-00. 
 
 Members must not pay brokerage to any certified broker on 
 business placed prior to the date of such broker's application for his 
 Certificate. B. C. 11-20-00. 
 
 The payment to a non-certified broker of brokerage or com- 
 mission on additional premiums upon policies placed by such 
 broker while holding a Certificate from this Exchange is a viola- 
 tion. A. C. 8-1-00. 
 
 A commission not exceeding 15% may be allowed upon a floater 
 covering property located only in dwellings and in buildings 
 occupied for stores on the first floor and exclusively dwellings 
 above. A. C. 10-23-01. 
 
 If Theatrical Floaters or Floaters covering on Personal Effects 
 wherever they may be in the United States are written at an 
 office within the jurisdiction of this Exchange, a rebate on such 
 policies will be a violation. A. C. 10-23-01. 
 
 An allowance of brokerage in excess of ten per cent, on floating 
 policies covering outside the territory of this Exchange, whether 
 such policies also cover within such territory or not, is a viola- 
 tion. 
 
 When the Arbitration or Grievance Committee has ordered a 
 policy or policies to be cancelled in consequence of having ad- 
 judged a member of the Exchange, or an Agent who is not a 
 member but who holds a Broker's Certificate, guilty of an infrac- 
 tion of the rules of the Exchange, then such member or Agent shall 
 not be allowed to receive any commission or brokerage for the plac- 
 ing of such risk during the term for which the member is himself 
 ordered to keep off of such risk, and in addition, if the gravity of 
 the offense warrant it, the facts connected with the case shall be 
 at once communicated to the Brokerage Committee, that they 
 may revoke the right of such member or Agent to receive any 
 commission or brokerage on any business for such time as they 
 may deem fit. 12-11-01. 
 
 Certified Brokers must not allow commission or brokerage on 
 lines placed by them in this City but covering risks located outside 
 of the jurisdiction of the Exchange to a Broker not holding a Cer- 
 tificate from this Exchange whether such Broker resides within or 
 outside of the jurisdiction of the Exchange. A. C. 2-10-02. 
 
 Certified Brokers may not act as Agents for non-Exchange 
 Companies. A. C. 2-10-02. 
 
 Certified Brokers under their pledges to this Exchange are not 
 permitted to receive greater remuneration for business placed with 
 non-Exchange companies after first having offered same to all 
 
GENERAL RULES AND RATES. 47 
 
 Exchange companies than is permitted to he paid them by mem- 
 bers of the Exchange. A. C. 3-23-01. 
 
 The allowance of a discount for cash payment of premiums 
 will be regarded as a rebate and violation and dealt with accord- 
 ingly. B. C. 12-17-00. 
 
 The giving of envelopes, bill heads, letter heads, or other 
 articles of stationery, or gifts of any description whatsoever, to 
 brokers or brokers' employees, directly or indirectly, win be re- 
 garded as a rebate and in violation of the rules and treated ac- 
 cordingly. A. C. 12-12-00. 
 
 The ruling prohibiting the making of gifts of any description 
 to brokers, is modified to exempt Calendars and Blotters from the 
 operation of such ruling, providing that such Calendars 
 and Blotters do not contain any matter advertising the bro- 
 ker. A. C. 12-26-00. 
 
 A broker may place insurance with non-Exchange companies 
 at the request of the assured, provided he does not receive any 
 brokerage or commission or any compensation whatsoever there- 
 for, and provided further that he shall file with the Exchange 
 within the time allowed under his Pledge a list of such outside 
 companies, with the name of assured, location of risk, and the 
 amount of insurance given them, together with a statement that 
 such insurance has been placed in an outside company at request 
 of the assured, and that he (the broker) has received and is to re- 
 ceive no brokerage or commission or any compensation whatsoever 
 therefor. A. C. 7-25-00. 
 
 If a policy is Issued covering store and dwelling risk with war- 
 ranty attached and subsequently a request is made to remove the 
 Store and Dwelling Warranty for the reason that merchandise is 
 then contained above first floor, the company must cancel the 
 policy pro rata and re-write to expiration, and commission upon 
 such re-written policy shall not exceed that which under the rules 
 is permitted to be paid on risks other than those which may be 
 written by Branch Managers, viz : 15 per cent. A. C. 3-12-02. 
 
 From and after twelve o'clock noon of May 28th, 1902, if any 
 automatic sprinkler, automatic fire alarm or any other fire ex- 
 tinguishing, fire signaling or any other appliance or improvement 
 whatever installed in or appertaining to any risk be owned or 
 installed at the whole or partial, direct or indirect, expense of 
 any person, firm or corporation holding a Broker's Certificate 
 from this Exchange, it shall be deemed a rebate and a violation 
 of the Broker's Pledge. 5-28-02. 
 
 When a Broker fails to renew his Certificate in season, thereby 
 causing his name to be withdrawn from the list, and subse- 
 
GENERAL RULES AND RATES. 48 
 
 quently within six months asks for a renewal, such renewal shall 
 not be granted unless, in addition to the regular charge for a Certifi- 
 cate, the sum of $3.00 is paid to cover cost of withdrawing and 
 re-instating such Broker's name. 4-9-02. 
 
 BUILDINGS IN COURSE OF CONSTRUCTION. 
 
 Annual rates to apply continuously until building is occupied 
 and rated. 
 
 Fire-proof buildings in course of construction, .30 
 Brick buildings in course of construction, .50 
 
 Frame buildings in course of construction, .70 
 Piers in course of construction, - - 1.00 
 
 Buildings in course of construction, without regard to ulti- 
 mate use or occupancy, must be written at the minimum rate 
 charged for buildings in course of construction unless specifically 
 rated. Such risks may only be written at the head office of a 
 member, and only for a term not to exceed one year and the 
 Unoccupancy Warranty is required. Exception may be made on 
 buildings Branch Offices are allowed to write when completed, 
 the intended occupation thereof to be expressed in the policy, as 
 follows : 
 
 " On building while in course of construc- 
 tion or while occupied for (here insert occupancy 
 
 which must be of a class Branch Managers are permitted to 
 write)." 
 
 When written under this form the Unoccupancy Warranty 
 need not be attached to policy. 
 
 Note carefully the following requirements for policies in or on 
 
 buildings in course of construction, whether rated specifically or 
 under general minimums. 
 
 1. Unoccupancy Warranty required. 
 
 2. Policies covering buildings or contents must not be written 
 for more than one year. 
 
 3. Privilege for occupancy must be granted only subject to 
 specific rate and with application for same. 
 
 Unoccupancy Warranty :— Warranted by the assured that the 
 building hereby insured is unoccupied, and that when occupied in 
 whole or in part, this Company is to be notified and rate ad- 
 justed ; unless so notified and endorsed hereon this policy shall be 
 void. 
 
 Policies written for a term of years on a building in course of 
 construction "with privilege to complete" are a violation of the 
 rule limiting Builders' Risks to one year. 
 
GENERAL RULES AND RATES. 49 
 
 Public School Buildings or additions to old public school build- 
 ings in the City of New York, being required by law to be fire- 
 proof, may be written while in course of construction at 30 
 cents. 4-8-97. 
 
 The following or similar endorsement may not be made, viz : 
 "Builders' Risk granted until notified to discontinue when charge, 
 if any, will be made." A definite time must be stated for Build* 
 ers' Risks not to exceed one year. 6-24-99. 
 
 In the case of policies covering contractors on public school build- 
 ings in course of construction where the City declines to accept 
 such policies unless the Un occupancy Warranty is stricken out, 
 the rate charged must be that required under the minimums for 
 school houses plus the charge for Builders' Risk. R. C. 4-30-02. 
 
 Buildings in course of construction constitute a class by them- 
 selves no matter what occupancy they may be designed for, and 
 such buildings may not be otherwise classified until they are com- 
 pleted and ready for occupancy, when they may be written, 
 subject to rules, at proper specific rates or under general mini- 
 mums. A. C. 2-3-02. 
 
 The rates to be charged on policies covering buildings in course 
 of construction must be those named above, and no other rates 
 may be charged no matter what the occupancy of the buildings is 
 to be or what warranty may be contained in policies as to such 
 future occupancy. A. C. 1-28-02. 
 
 Buildings in course of construction intended for occupancy as 
 dwellings or as stores with exclusively dwellings above must be 
 written as in course of construction at the rate applying to them 
 as such, and for a term not exceeding one year. 
 
 Policies covering dwellings or stores with excl usively dwellings 
 above must not be written with "permission to complete" or any 
 words to that effect. Until completed, a building is considered as 
 in course of construction and must be so written. 
 
 Privilege for Ordinary Alterations and Repairs may be at- 
 tached to policies covering dwellings or buildings occupied above 
 the grade floor exclusively as dwellings without extra charge if 
 the form of privilege used is exactly as set forth on page 62 of 
 Hand Book, but any other form must be charged for. 
 
 When Buildings in Course of Construction are of a class per- 
 mitted to be written by Branch Managers (that is, intended for 
 an occupancy which would permit Branch Managers to write 
 them at completion) they may be written by Branch Offices, but 
 they must be written as in course of construction and the policies 
 
 must be in the following form : "On building 
 
 while in course of construction or while occupied for " 
 
GENERAL RULES AND RAIES. 50 
 
 BUILDING RATES. 
 
 All buildings in entire Metropolitan District not rated by gen- 
 eral minimum or specific rate, contents of same being rated 
 (whether by Specific, Minimum, Class of Hazards or Dry Goods 
 District rate), are rated as follows: Brick buildings, 40% of 
 highest contents rate; but in risks written under general mini- 
 mum stocks marked in the list of general minimums with a star 
 shall not operate to rate the building containing them higher 
 than 24 cents. No building under this rule shall rate below 20 
 cents. Frame buildings rate same as lowest contents except 
 as stated on pages 109 and 110 of Hand Book when they take 
 rate of highest contents. 5-29-95. 
 
 Where in the list of minimums a special minimum rate is men- 
 tioned for building (as in the case of hospitals, schools, lodging 
 houses, etc.) the same applies only to brick buildings, and, unless 
 otherwise specified, frame or brick and frame buildings in such 
 cases take the same rate as contents. 5-29-95. 
 
 Where a frame building occupied as store on the first floor 
 and dwellings above has a small frame extension adjoining and 
 communicating which is occupied as a business stable (not a 
 private family stable), the rate on such building and contents 
 must be that of the stable ; that is to say, 1.50. A specific rate 
 will be issued upon such risks upon application to the Man- 
 ager. 8-4-99. 
 
 Policies covering in the Dry Goods District, written on con- 
 tents under classes of hazards or on buildings under the general 
 rule of 40 per cent, of highest contents rate, must not contain any 
 privilege for occupancy which would permit under any circumstances 
 a higher hazard than that upon which the rate is based. 6-1-96. 
 
 Where a brick dwelling or store and dwelling has a frame 
 extension or addition, such building must be classed as brick and 
 frame and must take the rate for frame. R. C. 7-20-01. 
 
 The presence of a frame veranda, or stoop, or porch, or bulk- 
 head door, in connection with a brick building does not operate 
 to class that building as brick and frame. 5-5-02. 
 
 If policies covering buildings are written to include liability for 
 loss occasioned by the operation of ordinances or laws requiring the 
 replacement of entire buildings in case of fire damage exceeding a 
 given percentage of value the rate on such buildings shall be double 
 that which is shown on rate cards, if risk is specifically rated, or 
 double that required under general minimums or rules if risk is not 
 specifically rated. 1-8-02. 
 
GENERAL EULES AND RATES. 51 
 
 BUILDERS RISK; EXTRAORDINARY ALTERATIONS 
 AND REPAIRS. 
 
 Any privilege for alterations or repairs except that given under 
 the head of Mechanics Privilege, Ordinary Alterations and Re- 
 pairs, and that given in the body of the policy, shall be charged 
 on buildings of ordinary construction and on their contents 25 
 cents, and on buildings of fire-proof construction and on their 
 contents 15 cents, or the short rates thereof. No Builders Risk 
 may be granted for a term longer than one year. 
 
 The builders risk charge for fire-proof risks may be made only 
 where the risk has been promulgated as in the fire-proof class. 
 
 A definite time, not to exceed one year, must be stated for 
 Builders Risks. 6-24-99. 
 
 The fifteen days Builders Risk allowed by the Standard Policy 
 requires no charge. 
 
 The charge for Builders Risk is net, and subject to no deduc- 
 tion or allowance of any kind. R. C. 9-10-02. 
 
 Charge must be made for the full term of endorsement, unless 
 endorsement distinctly states that the fifteen days allowed by 
 the Standard Policy is included in the term thereof. 
 
 Specific permission for the construction or reconstruction of an 
 elevator shaft so as to conform to the Building Laws may be 
 allowed without charge. 
 
 The Short Rate Rules set forth in Hand Book apply to all short 
 rate business, including Builders Risk, and it is a violation to 
 allow renewals of builders permits for such extra premium as 
 would represent the difference between the original term and 
 that which might have been charged for had the permit been 
 taken out for the total time covered. R. C. 10-4-99. 
 
 For Mechanics Privilege; Ordinary Alterations and Repairs, see 
 page 62. 
 
 CALCIUM CARBIDE. 
 
 Not more than 100 pounds of calcium carbide may be per- 
 mitted without extra charge the same to be kept according 
 to law and in water-proof metallic cans holding not more than 
 2 pounds each. 3-15-00. 
 
 CERTIFICATES UNDER OPEN ENTRY POLICIES. 
 
 The appointment by members of persons to countersign certifi- 
 cates in their behalf under existing policies is not a violation 
 provided no compensation is paid for such service and no new 
 
GENERAL RULES AND RATES. 5fc 
 
 insurance is made, and provided only the following form of Cer- 
 tificate is used ; viz.: 
 No 
 
 $ New York 
 
 This certifies that ha Insurance by the 
 
 Insurance Company of under Policy 
 
 No Entry No to the amount of 
 
 Dollars on 
 
 terminating day of at noon. 
 
 Loss, if any, in conformity with the conditions of said policy, 
 
 to be adjusted with and payable to. only 
 
 on presentation of and surrender of this Certificate. A. C. 3-20-99. 
 
 CHANGES OF OCCUPANCY, CONSTRUCTION OR 
 HAZARD. 
 
 Whenever application is made for an endorsement to policies 
 on buildings or any contents of any risk already specifically rated 
 permitting any occupancy or change in occupancy, hazard or 
 construction, or whenever insurance is accepted on any new 
 building erected on the lot, or on any new tenant in such risk, not 
 yet specifically rated, or any new tenant (not yet specifically 
 rated) in a building which is specifically rated as unoccupied, the 
 member granting such endorsement, permit or insurance, shall 
 apply immediately to the Manager for a revision of rate. Mean- 
 time, he shall not issue the endorsement, permit or policy, but 
 may hold the same bound subject to the revised rate. If no re- 
 vised rate is issued within fourteen days from date of application 
 the member may proceed to issue his policy under existing rules. 
 
 This rule shall not apply to risks written under General Mini- 
 mums. 
 
 The above does not apply to risks where no specific rate exists 
 covering any risk past or present on the lot. 
 
 The purpose of the rule is to prevent the gradual lapse of 
 specifically rated risks back into the minimum class, on account of 
 changes which have not come to the notice of the Manager's 
 office. 
 
 A clause reading : " This policy shall not be invalidated by any 
 act or neglect of any tenant, or sub-tenant, or occupant, or by 
 the occupation of the premises for purposes more hazardous than 
 permitted by this policy, or by the erection or occupation of 
 adjacent buildings " is in violation. R. C. 2-8-99. 
 
 Reductions in rate must in no case be dated back of the date of 
 the card promulgating the reduced rate. 2-1-96. 
 
GENERAL RULES AND RATES. 53 
 
 In cases where cards in cabinets may be found to be incorrect, by 
 
 reason of change since cards were issued or otherwise, such cases 
 must be reported to the Manager and new rates made as promptly 
 as possible, and policies shall not be issued in such cases until new 
 rates shall have been made. 4-28-99. ' 
 
 As to proper adjustment of rates in case of endorsement for 
 changes in occupation, communication or otherwise on policies 
 that were issued prior to the organization of the Exchange at rates 
 below the present Exchange rates, if the changes of occupation, 
 communication or otherwise call for an increased rate according 
 to present rules, an additional charge for the unexpired time of 
 the insurance must be made, to at least the extent of such increase 
 of rate, based upon the annual rates. 5-19-99. 
 
 When an application is made to rate a risk requiring a pass 
 from some source before examination thereof can be made such 
 pass must be sent in with the letter making application for the 
 rate, and, failing such enclosure of a pass, the fourteen days' time 
 within which a rate must be promulgated under the rules, shall 
 not begin to run until such pass is furnished. K. C. 9-21-99. 
 
 The following clause is a violation in that it permits an increase 
 of hazard without notice, viz.: 
 
 "Should any more hazardous occupation occur, this policy 
 shall continue to cover, and the rate of premium to be fixed shall be 
 paid from the date any increase of hazard takes effect." R. C. 3-12-00. 
 
 Where privilege is asked for to open new communications with 
 adjoining buildings, such request must be referred to the 
 Manager's office for readjustment of rate, and failure so to 
 do is in violation of rule under "Communicating Buildings," on 
 page 54. 5-14-00. 
 
 When binders are issued on rated risks, such binders must be at 
 the rates in cabinets, and the issuance of such binders at less than 
 tariff rate will be regarded as a violation. A. C. 6-1-00. 
 
 Where rate cards as published in cabinet cover buildings and/ or 
 contents at certain street numbers named on rate card the highest 
 of such contents rates is to be understood as applying also to any 
 property contained in yards or otherwise located outside of the 
 buildings designated by such street numbers unless a specific rate 
 on such outside property is shown on the card. R. C. 2-9-01. 
 
 When an application is accepted for insurance and a new rate 
 on the risk comes out on the same day, the policy must be written 
 at the rate named on the new card. 2-3-02. 
 
 A clause reading: "It is understood and agreed that this in- 
 surance is not prejudiced by change of interest subsequent to the 
 date of this policy" is contrary to the rules and will be considered 
 a violation. A. C. 5-24-02. 
 
GENERAL RULES AND RATES. 54 
 
 CIGAR FACTORIES AND CIGAR STORES. 
 
 In buildings occupied as stores on the first floor and the upper 
 part by tenants as dwellings and for the manufacture of cigars, 
 commonly called tenement house cigar factories, such tenant dwell- 
 ings should not be rated as cigar manufactories, and the same 
 are not considered as dwellings above the first floor, but should 
 take the rate for stock of cigars, 75 cents. 
 
 Buildings occupied as cigar stores on the first floor and for the 
 manufacture of cigars on the upper floors, and where the hands 
 do not reside, no matter what number of hands are employed, 
 take the minimum for cigar factories. 12-19-96. 
 
 Cigar store with not over ten hands making cigars, if entirely 
 dwelling above the grade floor and so warranted in the policy, 
 takes the rate for stock of cigars. 
 
 COMMISSIONS AND PROFITS. 
 
 To take same rates as merchandise. 4-11-99. 
 
 In policies insuring on merchandise under usual form, the 
 following clause is prohibited, viz: "Including commissions there- 
 on." 5-16-95. 
 
 No allowance may be made for 100 per cent. Average 
 Clause. R. C. 4-26-00. 
 
 COMMUNICATING BUILDINGS. 
 
 Where buildings adjoin or communicate through walls or 
 bridges, unless separated by a secure brick or stone wall and all 
 openings protected with fire doors or fire shntters, as required by 
 the specifications of the New York Board of Fire Underwriters 
 (which are accepted as a standard), the higher rate on either 
 side of the wall shall prevail. 
 
 In cases where privilege is asked for to communicate with 
 adjoining buildings, such request shall be referred to Manager's 
 Office for re-adjustment of rate, and to make an additional 
 charge if necessary. 
 
 Blanket policies may be written covering on and/or in two or 
 more communicating buildings having approved fire doors at all 
 communicating openings, at the highest rate, with the 80 per 
 cent. Average Clause and the Standard Distribution Clause, and 
 10 per cent, allowance may be made for 100 per cent. Average 
 in such cases. 
 
 The intention of this rule is that the introduction of approved 
 fire doors should not prejudice a risk in any way. It is, therefore, 
 held that even where fire doors separating two or more communi- 
 
GENERAL RULES AND RATES. 55 
 
 eating buildings are not approved, blanket policies written cover- 
 ing in or on such buildings if written with the 80 Per Cent. Average 
 Clause, require the Distribution Clause just as in the case where the 
 doors are approved ; that is to say, the Distribution Clause is re- 
 quired where blanket policies are written with the 80 Per Cent. 
 Average Clause and covering in two or more communicating 
 buildings separated by fire doors, whether the latter are approved 
 or not approved. But policies written with the 100 Per Cent. 
 Average Clause do not require the Distribution Clause in any case, 
 even where covering in or on two or more communicating build- 
 ings, whether separated by approved or non-approved fire doors. 
 
 Where privilege is asked lor to open new communications with 
 adjoining buildings such request must be referred to Manager's 
 Office for re-adjustment of rate. 5-14-00. 
 
 A clause giving "Privilege to communicate with adjoining 
 buildings" or any similarly worded clause which in effect grants 
 permission to make communications other than those existing at the 
 time the rate was made, is in violation. R. C. 12-31-01. 
 
 COMPETITIVE RATES. 
 
 No rate on a so-called competitive basis disregarding schedules 
 or other rules of the Exchange shall be made or promulgated un- 
 less approved by a 90 per cent, vote of the members present and 
 voting at a regular meeting or a meeting specially called. 
 
 In all cases where competitive rates, made without reference 
 to existing schedules or rules of the Exchange, are reported to 
 that body for its consideration, the fact that such rates are com- 
 petitive rates shall be stated at the meeting at which the vote is 
 taken. 3-20-01. 
 
 CONSEQUENTIAL LOSS IN COLD STORAGE STORES. 
 
 Policies written on risks involving cold storage hazard (other 
 than breweries) may be written at the Exchange rate if the Con- 
 sequential Loss Exclusion Clause is attached as follows : 
 
 "This Company shall not be liable under this policy for loss 
 occasioned through partial or total disablement of any refrigerat- 
 ing plant or by interruption of connection therewith, whether 
 such disablement or interruption is caused by fire or otherwise." 
 
 Double the Exchange rate shall be charged on policies written 
 on risks (other than breweries) involving cold storage hazard if 
 written without the above clause being attached. 6-21-00. 
 
 The Consequential Loss Exclusion Clause must be attached 
 to policies covering goods on cold storage in Hudson River 
 Stores. R. C. 5-24-00. 
 
GENERAL RULES AND RATES. 56 
 
 The Consequential Loss Exclusion Clause must be attached not 
 only to policies covering in cold storage stores but to all policies 
 on risks (other than breweries) involving cold storage hazard. 9-24-00. 
 
 CONTINGENT LIABILITY. 
 
 If Policies covering buildings are written to include liability 
 for loss occasioned by the operation of ordinances or laws re- 
 quiring the replacement of entire buildings in case of fire damage 
 exceeding a given percentage of value, the rate on such buildings 
 shall be double that which is shown on rate cards, if risk is specifi- 
 cally rated, or double that required under general minimums or 
 rules if risk is not specifically rated. 1-8-02. 
 
 DRY GOODS DISTRICT BOUNDARIES. 
 
 Bounded : On the South by Duane Street, from Elm Street to 
 West Broadway, including both sides of said street. On the East 
 by Elm Street and Marion Street to Prince Street through to 
 Crosby Street to Bleecker Street, taking only the West side of 
 of Elm and Marion Streets, but both sides of Crosby Street. On 
 the North by Bleecker Street from Crosby Street to West Broad- 
 way, including both sides of said street. On the West by West 
 Broadway to Duane Street, and including both sides of said 
 street. 
 
 FIRE-PROOF AND SUPERIOR CONSTRUCTION. 
 
 Allowance of 25 per cent, for contents of buildings of superior 
 construction, and 40 per cent, for contents of buildings of fire- 
 proof construction may be made by the Manager or Committee 
 on Rates, but not by members. 
 
 FULL CO-INSURANCE, OR 100 PER CENT. AVERAGE. 
 
 Discount of 10 per cent, for 100 percent. Average may be allowed 
 on all policies except floating policies, policies covering in or on 
 two or more buildings not communicating, contents of public 
 storage stores and grain-elevators, merchandise on or contents 
 of piers, rents, and manufacturing jewelers' stocks in fire-proof 
 safes. 
 
 No allowance for 100 per cent. Average other than as stated 
 under General Minimums is permissible on merchandise consisting 
 exclusively of Block Tin, Brass in pigs, Copper in ingots, cakes 
 and bars, Crude Rubber, Iron in bars or pigs, Lead in pigs, 
 Mercury in flasks, and Spelter, or for Contents in Fire-proof Safes. 
 
GENERAL RULES AND RATES. 5? 
 
 The 100 per cent. Average Clause on a policy covering house- 
 hold furniture in use in living apartments does not entitle such 
 policy to any reduction for same. 4-18-99. 
 
 The 100 per cent. Average Clause is required on Building Policy 
 covering premises occupied as a power house and electric light 
 station with form including "electric apparatus, dynamos, engines, 
 boilers and connections." 7-25-99. 
 
 When a policy blankets merchandise and furniture and fixtures the 
 100 per cent. Average Clause is required and the usual allowance 
 of 10 per cent, can be made therefor. R. C. 4-15-02. 
 
 Policies covering contents of buildings formerly known and 
 rated as "Private Storage Stores," and "Private Dry Goods 
 Storage Stores" are now rated under the Mercantile Schedule as 
 mercantile risks, and may have allowance for 100 per cent. Average 
 Clause. R. C. 4-30-02. 
 
 The rates of this Exchange being based upon the carrying of in- 
 surance equal to at least 80% of the value of the property insured, 
 any exclusion in the policy form of any portion of the property rated, 
 except foundations below the level of the ground, amounts to an 
 unauthorized reduction of rate and is a violation. R. C. 10-28-02. 
 
 FOUNDATIONS. 
 
 Foundations below the level of the ground may be excluded 
 from policy ; but not being so excluded, cannot be relieved from 
 the operation of the Average Clause. 2-20-96. 
 
 Clauses excluding Foundations from the operation of Average 
 Clause must refer to "foundations below the level of the ground," 
 and no change in such wording is permissible. 10-3-01. 
 
 FURNITURE AND FIXTURES. 
 
 Furniture and Fixtures (except where otherwise specified in 
 General Minimum Rates) rate same as contents, and are subject 
 to same deductions as contents policy. 11-2-92. 
 
 General Minimums rate not only stocks of merchandise, but 
 also all property connected with the same. This prohibits the 
 writing of furniture and fixtures at a rate lower than contents 
 rate. 11-2-92. 
 
 When a policy on Furniture and Fixtures is so worded as to 
 make it cover dynamos or electrical apparatus of any description 
 (whether exciters, lamps, motors, switches or any other appa- 
 ratus for generating, utilizing, testing, regulating or distributing 
 electricity) the dynamo clause set forth on page 81 of Hand Book 
 must be attached to policies. It is not necessary that the electrical 
 
GENERAL RULES AND RATES. 58 
 
 apparatus shall be mentioned in specific terms, the clause in 
 question being required to be attached if the wording of the policy 
 is such as to cover dynamos or electrical apparatus of any descrip- 
 tion whatever. R. C. 4-7-02. 
 
 GRADE FLOOR AND BASEMENT. 
 
 All policies taking advantage of a reduced rate on account oi 
 goods being entirely in grade floor and basement, must contain in 
 the form a stipulation that this is the only portion of the building 
 in which they cover. 11-2-92. 
 
 HOUSEHOLD FURNITURE. 
 
 Household furniture in use in living apartments belonging to 
 tenants in dwellings or apartment houses does not require the 80 
 per cent. Average Clause. 2-28-96. 
 
 The 100 per cent. Average Clause on a policy covering house- 
 hold furniture in living apartments does not permit of any reduc- 
 tion for same. 4-18-99. 
 
 It is not permissible to allow for 100 per cent. Average on 
 policies covering in household furniture storage warehouses. 10-21-99. 
 
 Household Furniture in any Storage Warehouse may not be 
 written for more than one year except at full annual rates for 
 each year. 6-24-99. 
 
 Where the card does not mention household furniture, and 
 names no general rate for other contents, household furniture 
 takes the rate of the highest rated contents. 2-28-96. 
 
 Where the card does not mention household furniture by 
 name, but does name a general rate for other contents, household 
 furniture takes such general rate for other contents. 2-28-96. 
 
 The rule making rate for household furniture 50 per cent, of 
 highest contents, applies only to risks rated under general mini- 
 mum, and not to specifically rated risks. 2-28-96. 
 
 Hotel Furniture may not be written for three years at two and 
 one-half annual premiums. 11-10-99. 
 
 Household furniture in hotels belonging to guests may be 
 written at 2% times the annual rate. A. C. 4-15-02. 
 
 Household Furniture in Hotels, whether property of landlord or 
 guest, is subject to 80 per cent. Average Clause. Also the usual 
 allowance may be made upon such risks for 100 per cent. 
 Average. R. C. 11-10-99. 
 
 If a dwelling-house building form includes "shades, mats, 
 carpets, and other floor coverings," or other items of personal 
 property properly insurable as contents of such dwelling, the entire 
 
GENERAL RULES AND RATES. 59 
 
 policy must take the highest contents rate instead of the usual 
 building rate. R. C. 2-13-00. 
 
 Tn transferring policies covering household furniture it is not 
 necessary to advance same to new rates adopted July 11th, 1900, 
 unless the rate in new location on basis of new rates is higher 
 than the rate in old location on same basis, in which case the dif- 
 ference in rate is to be charged for. A. C. 8-11-00. 
 
 A policy covering Household Furniture may be transferred to 
 cover in a storage warehouse at the pro rata charge of the 
 difference in rate for the time that the policy covers in the ware- 
 house. A. C. 4-15-02. 
 
 In transferring policies on Household Furniture to cover in 
 risks coming under the rates for Flat Houses it is not necessary to 
 charge additional premium unless the rate in new location on 
 basis of new rates is higher than the rate in old location on 
 same basis, in which case the difference of rate must be charged 
 for. 450-02. 
 
 IMPROVEMENTS TO BUILDINGS. 
 
 Where "improvements to buildings" are written separately 
 from the insurance upon the building they must take the rate of 
 the contents. 
 
 If improvements to building are written to cover throughout 
 the entire building, the highest contents rate in such building shall 
 be used ; but if written specifically on any floor, the highest con- 
 tents rate applying to that floor shall be used. R. C. 4-7-02. 
 
 LEASES. 
 
 To take same rate and rules as building. Same commission 
 as the building. 80% Average Clause required. No allowance 
 permitted for 100% Average Clause. 
 
 If policy specifies so much reduction per month extinguishing 
 itself by the end of the entire term, rate may be pro rata, so that 
 for example a three year policy would be charged two annual 
 rates. 5-25-96. 
 
 If policies on Leasehold or Use and Occupancy are made to 
 blanket Household Furniture or similar personal property they 
 must take same rate as Contents. 8-21-99. 
 
 LISTED STORAGE STORES. 
 
 Non-fibre, Fibre, and General Order, Stores include stores under 
 the supervision of the New York Board of Fire Underwriters, 
 which are regularly inspected and published in book entitled 
 " List of Storage Stores in the Metropolitan District." 
 
GENERAL RULES AND RATES. 60 
 
 Where a non-fibre store is between and adjoining two fibre 
 stores, separated from either by a wall without openings, the 
 rate on the non-fibre store shall be 70 per cent, of the rate of 
 the fibre stores. 
 
 Where a non-fibre store adjoins on one side only a fibre store 
 separated from same by wall as above, rate on the non-fibre shall 
 be 55 per cent, of the rate of the fibre store. 
 
 Where fibre and non-fibre stores communicate, even if by 
 approved fire doors, the rate of the non-fibre shall be the same 
 as that of the fibre store. 
 
 Listed non-fibre storage stores not exposed on either side by a 
 fibre store are rated under Mercantile Schedule with a special 
 allowance for occupancy, resulting in a building rate as well as in 
 a base rate for merchandise. These rates are promulgated on 
 cards in cabinet, and the final rates for specific kinds of merchan- 
 dise contained in such storage stores are obtained by adding to 
 the base rate named the charge shown in "Alphabetical List of 
 Merchandise in Public Warehouses," which list is published sepa- 
 rately from this Hand Book. If it is not desired to write mer- 
 chandise under a "Specific Form" it may be written under one 
 of the forms named below at the charge indicated. 
 
 "Merchandise General;" add to the Base Rate of warehouse 
 100 cents. 
 
 "Merchandise Form A;" add to the Base Bate of warehouse 
 40 cents. 
 
 "Merchandise Form B ;" add to the Base Rate of warehouse 
 25 cents. 
 
 All these forms are printed on watermarked paper by the Ex- 
 change, and none other than those so printed are permitted to 
 be used. 
 
 No allowance may be made on contents of listed storage 
 stores for 100% Average Clause. 
 
 Allowance of 10% or 10c. as the case may be, may be made for 
 automatic fire alarm on policies covering listed non-fibre storage 
 stores, building or contents, when so stated on rate cards. 
 
 A policy written to cover in a warehouse, whether private or 
 public, may not be cancelled pro rata at request of the assured and 
 re-written at short rates on the same merchandise but under a 
 different name. R. C. 11-6-01. 
 
 Where a Listed Storage Store has cold storage and is equipped 
 with electric lights under permission from the New York Board 
 of Fire Underwriters the Electric Light Clause need not be attached 
 to policies covering contents. R. C. 6-16-02. 
 
GENERAL RULES AND RATES. 61 
 
 LONG ISLAND CITY DWELLINGS. 
 
 Bids. H. h. f. 
 Brick dwellings, either detached or in row 20 .24 
 
 Frame dwellings, detached 25 feet or more 30 .30 
 
 Frame dwellings, detached less than 25 feet, or 
 
 two or three together 40 .40 
 
 Detached private stables, brick or frame, build- 
 ing and contents .30 
 
 Brick, not detached, no increase for frame in row. 
 
 In frame rows of three or more buildings adjoining or de- 
 tached less than 3 feet, add to the detached rate of each frame 
 dwelling or frame private stable, and to contents 5 cents for each 
 additional frame dwelling or frame private stable in the row, 
 and 10 cents for each frame store and dwelling or other frame 
 risk in the row. 3-10-96. 
 
 LONG ISLAND CITY STORES WITH EXCLUSIVELY 
 DWELLINGS ABOVE GRADE FLOOR. 
 
 Min. for 
 Bldg. H. h. f. Stock. 
 
 Brick store and dwelling, either detached 
 
 or in row 25 .35 .50 
 
 Frame store and dwelling, detached 25 Bldg. All Con. 
 
 feet or more .50 .60 
 
 Frame store and dwelling, detached less 
 
 than 25 feet, or two or three together. .70 .80 
 
 In frame rows of three or more frame buildings adjoining, or 
 detached less than 3 feet, add to the detached rate of each frame 
 store and dwelling, or other frame risk, and to their contents, 5 
 cents for each frame dwelling or frame private stable in the row, 
 and 10 cents for each additional frame store and dwelling or 
 other frame risk in the row. 
 
 Eighty per cent. Average Clause required, except on household 
 furniture in use in living apartments. Term rates (regular 
 Exchange rule), and all Exchange rules to apply. 12-26-95. 
 
 Any building, whether brick or frame, within twenty-five feet 
 of a risk brings such risk within the rates prescribed above for 
 "frame dwellings or frame stores and dwellings detached less 
 than twenty-five feet. ' ■ 3-23-01. 
 
 General Minimum Rates as printed in Hand Book shall apply to 
 
 Stocks in Long Island City Stores with exclusively dwellings 
 above grade floor, except in cases where such rates are less than the 
 minimums required above when the latter shall apply. R. C. 10-12-00. 
 
GENERAL BULES AND BATES. 62 
 
 MACHINERY AT BUILDING RATES. 
 
 Machinery pertaining to the service of the building or the 
 furnishing of power therein, if the property of the owner of the 
 building, may be insured with the building at the building rate ; 
 but no manufacturing machine or apparatus shall be included in 
 the above. 7-31-95. 
 
 MARKET PRICE. 
 
 The use of the following or any similar clause is prohibited : 
 "It is a further condition of this insurance that in estimating 
 any loss on said merchandise, the current market price shall be 
 considered the actual or sound value." 5-16-95. 
 
 A clause reading: "It is understood and agreed that in case 
 of loss under this policy, the amount for which this company 
 shall be liable is limited to the invoice cost to the Branch, plus freight 
 charges actually incurred, but subject to a suitable allowance for 
 depreciation, if any depreciation is shown to exist," is in viola- 
 tion. R. C. 5-6-01. 
 
 MECHANICS OR WORKINGMENS TOOLS 
 
 Are exempted from the Ratings and Rules in Wood-workers and 
 other establishments, insurance on same not to exceed 1200, and 
 no other insurance to be permitted. 
 
 They may not be written at Branch Offices. R. C. 10-4-99. 
 
 MECHANICS PRIVILEGEj ORDINARY ALTERATIONS 
 AND REPAIRS. 
 
 The following privilege may be allowed without charge : 
 
 "Permission for mechanics to be employed for ordinary alter- 
 ations and repairs in the within described premises, but this shall 
 not be held to include the constructing or reconstructing of the 
 building or buildings, or additions, or the enlargement of the 
 premises." Any other form most be charged for on all classes of 
 buildings or hazards. 
 
 The 15 days Mechanics Privilege allowed by the Standard Policy 
 requires no charge. 
 
 The insertion of the words "without limit of time" in the 
 above clause after the words "within described premises " is held 
 to be allowable if desired— inasmuch as the meaning of the clause 
 is not thereby changed. 11-19-96. 
 
 For Builders Risk; Extraordinary Alterations and Repairs, see 
 page 51. 
 
GENERAL RULES AND RATES. 63 
 
 ORDER IN WHICH DEDUCTIONS SHALL BE MADE. 
 
 Deductions from rates as promulgated, if permissible, must be 
 made in the following order : 
 
 1. Allowance for Sole Occupancy. 
 
 2. Allowance for Automatic Fire Alarm. 
 
 3. Allowance for 100 Per Cent. Average Clause. 
 
 4. Allowance for Automatic Sprinklers. 54-99. 
 
 PRIVATE WAREHOUSES. 
 
 Private Warehouses shall be understood to be such as are 
 occupied exclusively by the assured for the storage of the as- 
 sured's own merchandise in original packages, including mer- 
 chandise held on commission, or sold but not delivered ; in which 
 no cotton or fibre is stored; in which the general business of 
 trading is not carried on ; in which no work is done except occa- 
 sionally breaking packages, packing, repacking, sampling and 
 sorting piece goods and strapping boxes ; in which no lights are 
 permitted unless contained in enclosed locked lanterns containing 
 candles or lamps filled with lard, sperm, whale, or signal oil ; in 
 which no fire or steam heat is used other than in the office of the 
 storekeeper, and for hoisting ; and in which smoking is not per- 
 mitted on the premises ; and an allowance in rate on such risks 
 may be made if a warranty based upon the maintenance of the 
 conditions stated is filed with the Manager. 6-14-02. 
 
 Private Warehouses being rated under the Mercantile Schedule 
 as mercantile risks, policies covering merchandise therein may 
 have allowance for 100 per cent. Average Clause. R. C. 4-30-02. 
 
 A policy written to cover in a warehouse, whether private or 
 public, may not be cancelled pro rata at request of the assured and 
 re-written at short rates on the same merchandise but under a 
 different name. R. C. 11-6-01. 
 
 RAILROAD PROPERTY. 
 
 All property of Railroad Companies insured under general 
 schedule, also re-insurance of surplus of line of any item of such 
 schedule is exempt from rules and rates. 12-16-96. 
 
 This rule applies only to steam railroads carrying freight and 
 passengers, and does not apply to any elevated or trolley 
 road located wholly or in part within the jurisdiction of this 
 Exchange. 6-21-00. 
 
 Schedule specifically covering boats and similar floating equip- 
 ment of a railroad within the territory of this Exchange, is subject 
 in all respects to tariff rates and rules. 
 
GENERAL EULES AND BATES. 64 
 
 RAINES LAW HOTELS. 
 
 A Raines Law Hotel in which the occupancy above grade 
 floor is only nominally and not actually that of a hotel is not 
 subject to specific rate and may be written at the minimum for 
 Stores and Dwellings, provided the Store and Dwelling Warranty 
 is attached to policies without any qualification whatever, such 
 as "Privilege to be occupied as Raines Law Hotel," etc. If any 
 clause or privilege is added which in any way restricts or defines 
 the Store and Dwelling Warranty the risk is taken out of the 
 Store and Dwelling class and becomes subject to the following 
 rates, if not specifically rated, viz. : If brick,. Contents of Saloon, 
 60c, Household Furniture, 30c, Building, 24c; if Frame, Building 
 and All Contents, 75c 
 
 When a Raines Law Hotel is specifically rated there is no 
 exemption from such specific rate for the attachment of the Store 
 and Dwelling Warranty. Card rates must be charged, and no 
 changes in occupancy can be recognized until published on rate 
 cards. 
 
 REDUCTION OF RATE. 
 
 A policy that has been written and gone into effect may have 
 the rate reduced thereon in case that a new lower rate card is 
 put in the cabinet, provided such new lower rate is the result of 
 a change of hazard, and such change may be taken for granted 
 in the case of cards issued after the date of this ruling unless the 
 card has printed thereon the words "Reduction of Rate Without 
 Change of Hazard " (see agreement Section 15). 7-12-99. 
 
 REMOVAL OF DEBRIS. 
 
 If policies cover cost of removal of debris a specific amount 
 must be named thereon and ten times the building rate charged 
 therefor. 8-8-00. 
 
 RENTS. 
 
 Shall take same rate as building, less 25 per cent, for full 
 annual rent clause, which is to be attached in all cases. Ex- 
 change clause only to be used. 
 
 No allowance for 100 per cent. Average Clause. Same rules and 
 commissions as the building. 
 
 Policies covering liability for rent of piers and bulkheads are 
 not rent insurance, and must be written at the full rate of 
 structure. R. C. 1-10-03. 
 
 Pew Rents may be written at the rates provided for by rule 
 relating to Rents. R. C. 12-7-01. 
 
 For Rent Clause see page 86. 
 
GENERAL BULES AND BATES. 65 
 
 SHORT RATES. 
 
 All insurances for a term less than a year shall be charged ac- 
 cording to the scale for periods less than one year, but such 
 insurance may be once renewed for the ratio of the premium 
 required for the term for which the original policy or last renewal 
 was made, provided the renewal is made within ten days from 
 the expiration of the policy, and, provided the last preceding 
 term was one year, or a term charged for according to the scale 
 of insurance for less than a year. 
 
 All insurances for a term less than one month shall be charged 
 for the portion of a month, according to the short rate scale; but 
 in no case shall this clause be so construed as to conflict with the 
 following clause relating to cancellations, viz. : 
 
 A policy may be cancelled at any time at the request of the 
 assured, in which case the Company shall retain the customary 
 short rate for the term the policy has been in force; but in all 
 cases except that of policies on contents of listed storage stores 
 (also grain elevators) written for a month or more, fractional 
 parts of a month shall be charged the full month's premium ; no 
 return to be made on a policy written for a period less than one 
 month. 
 
 The intention of the above is ruled to be as follows, viz.: 
 Policies on contents of listed storage stores may be cancelled for 
 less than one month at short rates for the fractional part of a 
 month; but if both written and carried for more than one 
 month, fractional parts of a month may not be allowed for in 
 cancellations. 6-1-95. 
 
 These rules apply to all short rate business including Builders 
 Risk. R. C. 10-4-99. 
 
 In order to secure uniformity of practice in computing short 
 rate of any rate not mentioned in the Uniform Short Rate Table 
 if the resulting short rate contains a fraction less than one-half 
 such fraction shall be dropped, but if the result contains a fraction 
 equal to or exceeding one-half then the rate shall include the next 
 higher unit figure. R. C. 8-30-97. 
 
 Where a premium calculated at proper tariff rate results in a 
 fractional part of a cent, if such fraction is less than % cent it 
 shall be dropped from the premium, but if equal to or exceeding 3^ 
 cent a full cent shall be added to the premium. A. C. 2-21-00. 
 
 An increase in the amount of insurance under a policy covering 
 a risk other than those permitted to be written by Branch Offices must 
 be at the short rate called for by the rules for the time for which 
 the increase is made. R C. 9-24-00. 
 
GENERAL RULES AND RATES. 66 
 
 Short Kate Tables are to be used when cancelling policies as well 
 as when writing short term insurance, and such cancellations must 
 be based upon the premium earned at the short rate shown in 
 tables, and must not be calculated at a percentage of the premium 
 shown in policy. The use in cancelling policies of any other 
 scale of charges than those given in Short Rate Tables is a 
 violation. 11-20-00. 
 
 Failure on the part of a member to charge for an endorsement 
 
 calling for the payment of an extra premium will be regarded as a 
 rebate and a violation and dealt with accordingly. A. C. 12-3-00. 
 
 A policy written to cover in a warehouse, whether private or 
 public, may not be cancelled pro rata at request of the assured and 
 re-written at short rates on the same merchandise but under a 
 different name. R. C. 11-6-01. 
 
 Pro rata renewals may not be made on Term Policies, such re- 
 newals being permissible only on annual policies or on policies 
 issued at proper short rates for a term less than a year, and in no 
 case are such renewals allowable unless made within 10 days 
 from expiration of the policy. R. C. 11-6-01. 
 
 In re-instating a policy after a fire to the original amount same 
 may be done at pro rata rates, it being understood that such re- 
 instatement is subject to the rates then in cabinet. R. C. 9-23-02. 
 
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 OF THE 
 
GENERAL RULES AND RATES. 
 
 68 
 
 SHORT RATE TABLE FOR TERM POLICIES. 
 
 THE FOLLOWING TABLE MUST BE USED: 
 
 Time the Policy has 
 
 If written 
 
 If written 
 
 If written 
 
 If written 
 
 been in Force, 
 
 for 
 
 for 
 
 for 
 
 for 
 
 Compute from date 
 
 Two Years 
 
 Three Years 
 
 Four Years 
 
 Five Years 
 
 of Policy 
 
 retain 
 
 retain 
 
 retain 
 
 retain 
 
 1 month 
 
 13 p. ct. 
 
 10 p. Ct. 
 
 8 p. ct. 
 
 7 p. ct. 
 
 2 months 
 
 20 p. ct. 
 
 17 p. Ct. 
 
 12 p. ct. 
 
 11 p. ct. 
 
 3 months 
 
 25 p. ct. 
 
 20 p. Ct. 
 
 16 p. ct. 
 
 15 p. ct. 
 
 4 months 
 
 30 p. ct. 
 
 23 p. ct. 
 
 20 p. ct. 
 
 18 p. ct. 
 
 5 months 
 
 35 p. ct. 
 
 27 p. ct. 
 
 23 p. ct. 
 
 20 p. ct. 
 
 6 months 
 
 40 p. ct. 
 
 30 p. ct. 
 
 26 p. ct. 
 
 22 p. ct. 
 
 7 months 
 
 45 p. ct. 
 
 33 p. ct. 
 
 28 p. ct. 
 
 24 p. ct. 
 
 8 months 
 
 50 p. ct. 
 
 37 p. ct. 
 
 30 p. ct. 
 
 26 p. ct. 
 
 9 months 
 
 55 p. ct. 
 
 40 p. ct. 
 
 33 p. ct. 
 
 28 p. ct. 
 
 10 months 
 
 60 p. ct. 
 
 43 p. ct. 
 
 36 p. ct. 
 
 30 p. ct. 
 
 11 months 
 
 65 p. ct. 
 
 47 p. ct. 
 
 38 p. ct. 
 
 32 p. ct. 
 
 12 months 
 
 70 p. ct. 
 
 50 p. ct. 
 
 40 p. ct. 
 
 34 p. ct. 
 
 13 months 
 
 72 p. ct. 
 
 53 p. ct. 
 
 43 p. ct. 
 
 36 p. ct. 
 
 14 months 
 
 75 p. ct. 
 
 57 p. ct. 
 
 46 p. ct. 
 
 38 p. ct. 
 
 15 months 
 
 77 p. ct. 
 
 60 p. ct. 
 
 48 p. ct. 
 
 40 p. ct. 
 
 16 months 
 
 80 p. ct. 
 
 63 p. ct. 
 
 50 p. ct. 
 
 42 p. ct. 
 
 17 months 
 
 82 p. ct. 
 
 67 p. ct. 
 
 53 p. ct. 
 
 44 p. ct. 
 
 18 months 
 
 85 p. ct. 
 
 70 p. ct. 
 
 56 p. ct. 
 
 46 p. ct. 
 
 19 months 
 
 87 p. ct. 
 
 72 p. ct. 
 
 58 p. ct. 
 
 48 p. ct. 
 
 20 months 
 
 90 p. ct. 
 
 73 p. ct. 
 
 60 p. ct. 
 
 50 p. ct. 
 
 21 months 
 
 92 p. ct. 
 
 75 p. ct. 
 
 63 p. ct. 
 
 52 p. ct. 
 
 22 months 
 
 95 p. ct. 
 
 77 p. ct. 
 
 66 p. ct. 
 
 54 p. ct. 
 
 23 months 
 
 97 p. ct. 
 
 79 p. ct. 
 
 68 p. ct. 
 
 56 p. ct. 
 
 24 months 
 
 100 p. ct. 
 
 80 p. ct. 
 
 70 p. ct. 
 
 58 p. ct. 
 
 25 months 
 
 
 81 p. ct. 
 
 72 p. ct. 
 
 60 p. ct. 
 
 26 months 
 
 
 83 p. ct. 
 
 73 p. ct. 
 
 62 p. ct. 
 
 27 months 
 
 
 85 p. ct. 
 
 86 p. ct. 
 
 74 p. ct. 
 
 75 p. ct. 
 
 64 p. ct. 
 66 p. ct. 
 
 28 months 
 
 
 29 months 
 
 
 88 p. ct. 
 90 p. ct. 
 
 77 p. ct. 
 
 78 p. ct. 
 
 68 p. ct. 
 70 p. ct. 
 
 30 months 
 
 
 
 
 NO OTHER TABLE TO BE USED. 
 
 (over) 
 
GENERAL RULES AND RATES. 
 
 69 
 
 SHORT RATE TABLE FOR TERM POLICIES.— (Continued.) 
 
 Time the Policy has 
 
 been in Force. 
 
 Compute from date 
 
 of Policy 
 
 If written 
 
 for 
 
 Two Years 
 
 retain 
 
 If written 
 
 for 
 
 Three Years 
 
 retain 
 
 If written 
 
 for 
 
 Four Years 
 
 retain 
 
 If written 
 
 for 
 
 Five Years 
 
 retain 
 
 31 months 
 
 32 months 
 
 33 months 
 
 34 months 
 
 35 months 
 
 36 months 
 
 37 months 
 
 38 months 
 
 39 months 
 
 40 months 
 
 41 months 
 
 42 months 
 
 43 months 
 
 44 months 
 
 45 months 
 
 46 months 
 
 47 months 
 
 48 months 
 
 49 months 
 
 50 months 
 
 51 months 
 
 52 months 
 
 53 months 
 
 54 months 
 
 55 months 
 
 56 months 
 
 57 months 
 
 58 months 
 
 59 months 
 
 60 months 
 
 91 p. ct. 
 93 p. ct. 
 
 95 p. ct. 
 
 96 p. ct. 
 98 p. ct. 
 
 100 p. ct. 
 
 79 p. ct. 
 
 80 p. ct. 
 
 82 p. ct. 
 
 83 p. ct. 
 
 84 p. ct. 
 
 85 p. ct. 
 
 87 p. ct. 
 
 88 p. ct. 
 
 89 p. ct. 
 
 90 p. ct. 
 
 92 p. ct. 
 
 93 p. ct. 
 
 94 p. ct. 
 
 95 p. ct. 
 
 97 p. ct. 
 
 98 p. ct. 
 
 99 p. ct. 
 100 p. ct. 
 
 71 p. ct. 
 
 72 p. ct. 
 
 73 p. ct. 
 
 74 p. ct. 
 
 75 p. ct. 
 
 76 p. ct. 
 
 77 p. ct. 
 
 78 p. ct. 
 
 79 p. ct. 
 
 80 p. ct. 
 
 81 p. ct. 
 
 82 p. ct. 
 
 83 p. ct. 
 
 84 p. ct. 
 
 85 p. ct. 
 
 86 p. ct, 
 
 87 p. ct. 
 
 88 p. ct. 
 
 89 p. ct. 
 
 90 p. ct. 
 
 91 p. ct. 
 
 92 p. ct. 
 
 93 p. ct. 
 
 94 p. ct. 
 
 95 p. ct. 
 
 96 p. ct. 
 
 97 p. ct. 
 
 98 p. ct. 
 
 99 p. ct. 
 100 p. ct. 
 
 NO OTHER TABLE TO BE USED. 
 
 5-21-96. 
 
GENBBAL RULES AND BATES. 70 
 
 SOLE OCCUPANCY. 
 
 In risks not specifically rated, but written under General Mini- 
 mum Rates, sole occupancy allowance is permitted only on the 
 stock of a sole occupant having a + prefixed for that occupancy 
 in the list of General Minimum Rates. 
 
 Sole occupancy allowance applies only in and on buildings 
 occupied throughout by one occupant, for one business, and such 
 allowance may not be made where the assured carries on a busi- 
 ness on the grade floor and occupies all the floors above the 
 grade for his own dwelling. R. C. 2-9-01. 
 
 Sole Occupancy Warranty is required and shall read as follows : 
 "Warranted by the assured that the building herein described 
 is occupied exclusively by one tenant." 2-4-02. 
 
 STORES AND DWELLINGS. 
 
 Buildings (and their contents) occupied as bakeries, other 
 than retail, furniture stores, hay and straw dealers, junk 
 stores, oil and petroleum stores, oiled clothing stores, painters 
 supply stores and /or painter other than jobbing painter 
 not keeping supplies, photograph galleries, printers, rags, 
 waste and paper stock dealers, upholsterers, mattress makers, 
 and woodworkers, are subject to specific rating and are not of 
 the class of stores and dwellings permitted to be written by 
 Branch Offices under Section 18, paragraph (f), and the com- 
 mission allowable on such risks shall not exceed 15 per 
 cent. A. C. 12-22-02. 
 
 A jobbing painter with usual supplies of paint, benzine, etc., in 
 a building occupied above grade floor for dwelling purposes ex- 
 clusively takes risk out of the store and dwelling class and 
 renders the same subject to specific rate. If the said painter keeps 
 only his ladders and scaffolds and a few paint pots of the day's 
 use, but no supplies, the risk is not subject to specific rate. 
 
 The presence in a store and dwelling risk of a confectioner using 
 a gas engine does not take such risk out of the store and dwelling 
 class. R. C. 3-10-02. 
 
 The stipulation required by the rule regarding dwelling occu- 
 pancy above grade floor must take the form of a warranty as 
 follows: "Warranted by the assured that the within described 
 building is occupied exclusively for dwellings above the first or 
 grade floor." 24-02. 
 
 In buildings formerly high stoop dwellings, the floor formerly 
 the parlor floor is the second floor. In buildings formerly English 
 
GENERAL RULES AND RATES. 71 
 
 basement dwellings, the floor formerly having the main entrance 
 is the grade floor. 
 
 In a High Stoop risk the number of steps leading to the parlor 
 floor exceed the number of steps leading to the basement, while 
 in an English basement risk the number of steps leading to the parlor 
 floor are less than those leading to the basement. R. C. 11-6-01. 
 
 Where dressmaking and/or millinery are carried on with not more 
 than five hands in living apartments of buildings otherwise 
 occupied exclusively as dwellings and/or as stores with exclu- 
 sively dwellings above grade floor such limited occupancy shall 
 not affect the rate, providing there is no salesroom in connection 
 with the business named; and the usual commission payable 
 upon dwellings or stores with exclusively dwellings above may 
 be allowed upon policies covering such limited occupancy. 12-26-00. 
 
 If a policy is issued covering store and dwelling risk with 
 warranty attached and subsequently a request is made to remove 
 the Store and Dwelling Warranty for the reason that merchandise 
 is then contained above first floor, the company must cancel the 
 policy pro rata and re-write to expiration, and the commission 
 upon such re- written policy shall not exceed that which, under the 
 rules, is permitted to be paid on risks other than those which may 
 be written by Branch Managers, viz.: 15 per cent. A. C. 3-12-02. 
 
 If a policy is issued covering store and dwelling risk with 
 warranty attached and subsequently a request is made to permit 
 occupancy of the store for hand power printer, carpenter, paint 
 store or other business that would take the risk out of the class that 
 Branch Managers are permitted to write, the Company must 
 cancel the policy pro rata and re-write to expiration and com- 
 mission upon such re-written policy shall not exceed that which, 
 under the rules, is permitted to be paid on risks other than 
 those which may be written at Branch Offices, viz.: 15 per 
 cent. R. C. 12-16-02. 
 
 TERM POLICIES. 
 
 Annual rate the first year, and 75 per cent, of the annual rate 
 for each subsequent year. Any period more than one year makes 
 a term policy. 
 
 No policy shall be written on contents of any rated building- 
 occupied for mercantile or manufacturing purposes for any longer 
 period than one year at less than pro rata of the annual rate 
 applying thereto, except that household, store and office furni- 
 ture and fixtures in use, wherever contained, may be subject 
 to rule governing the insurance of building for a term of 
 years. 1-21-97. 
 
GENERAL RULES AND RATES. 72 
 
 Pro rata renewals may not be made on Term Policies, such re- 
 newals being permissible only on annual policies or on policies 
 issued at proper short rates for a term less than a year, and in no 
 case are such renewals allowable unless made within 10 days 
 from expiration of the policy. R. C. 11-6-01. 
 
 Policies on stocks of merchandise or other contents of mercantile 
 buildings or of manufacturing buildings (other than household 
 furniture in use in living apartments), if written for more than one 
 year shall be on the basis of a fifty per cent, advance on existing 
 yearly rates, unless such rates have been computed by the Exchange 
 Mercantile Schedule and so stated on card in cabinet. 1-8-02. 
 
 TRANSFERS. 
 
 Policies transferred from one risk to another must pay the 
 rate of the new location, and the proper premium if higher rate, 
 must be charged pro rata. 
 
 Re-instatement of a policy after a fire to the original amount 
 is new insurance and may be done at pro rata rates subject to 
 new rate if any. 
 
 Increase of line is also new insurance and is subject to new rate 
 if any. 
 
 It is not permissible to transfer insurance from a storage ware- 
 house private or public to the assured's place of business in the 
 Dry Goods District, or elsewhere, upon payment of the proper 
 rate in the new location. R. c. 8-4-99. 
 
 It is not permissible to transfer insurance from the assured's 
 place of business to cover in a storage warehouse private or 
 public. R.C. 8-21-99. 
 
 In transferring Household Furniture or Stocks of Merchandise 
 to a new location, if the transfer is to a building not rated higher 
 than the former building is rated at the time of such transfer the 
 same may be made without extra charge, but if the rate at the 
 new location is in excess of the present rate at the old location 
 additional charge must be made. R. C. 10-17-99. 
 
 The provisions of Section 16 of Agreement do not apply to 
 the transfer of Personal Household Furniture from a storage 
 warehouse to a dwelling. A. C. 6-1-00. 
 
 In case of an increase of rate under a policy issued at Exchange 
 rate before Jan. 10, 1900, such increase shall be added to the net rate 
 at which such policy was issued. A. C. 3-1-00. 
 
 In transferring policies covering household furniture it is not 
 necessary to advance same to new rates adopted July 11th, 1900, 
 
GENERAL RULES AND RATES. ¥3 
 
 unless the rate in new location on basis of new rates is higher 
 than the rate in old location on same basis, in which case the 
 difference in rate is to be charged for. A. C. 8-11-00. 
 
 A policy covering household furniture may be transferred to 
 cover in a storage warehouse at the pro rata charge of the 
 difference in rate for the time that the policy covers in the ware- 
 house. A. C. 4-15-02. 
 
 Tn transferring policies on household furniture to cover in 
 risks coming under the rates for Flat Houses it is not necessary to 
 charge additional premium unless the rate in new location 
 on basis of new rates is higher than the rate in old location 
 on same basis, in which case the difference of rate must be 
 charged for. 4-30-02. 
 
 UNOCCUPIED BUILDINGS. 
 
 Not to include buildings in course of construction or dwell- 
 ings. Rate, 50 cents. 
 
 The following warranty is required for buildings insured as 
 unoccupied : 
 
 "Warranted by the assured that the building herein insured is 
 unoccupied, and that when occupied in whole or in part, this 
 Company is to be notified and rate adjusted; and unless so notified 
 and endorsed hereon this policy shall be void." 2-4-02. 
 
 The Unoccupancy Warranty is not required on policies cover- 
 ing Apartment Houses in course of construction that are not 
 subject to specific rating, but policies covering on Apartment 
 Houses which come under the ruling of the Exchange as to area 
 and height must have the Unoccupancy Warranty attached. R. C. 6-1-00. 
 
 The Unoccupancy Warranty is not required on policies cov- 
 ering a building in course of construction, if same at completion 
 is to be of a class that a Branch Manager may write, and if such 
 policies are written under form adopted by the Exchange July 
 9th, 1902, viz.: "On building while in course of construction or 
 while occupied for " 2-24-03. 
 
 The Manager will upon application and after verification by 
 survey re-rate specifically as an unoccupied building any build- 
 ing in course of construction that is completed and awaiting tenant. 
 
 UNSAFE HEATING APPARATUS. 
 
 When unsafe heating apparatus is found in a risk, a charge 
 therefor is made in the rate, which charge will be removed if the 
 unsafe conditions are remedied. If the report of unsafe condi- 
 
GENERAL RULES AND RATES. 74 
 
 tions originates with the New York Board the rate card in 
 cabinet gives a reference to the Board Slip on which the risk was 
 reported to members, and in such cases the Board must be con- 
 sulted as to how the faulty conditions may be remedied. When 
 no reference is made on card to a Board Slip the charge originates 
 with the Exchange and this office should be consulted as to a 
 remedy. 
 
 USE AND OCCUPANCY. 
 
 To take same rate as building. 6-20-96. 
 
 Same rules and commissions as the building, but the 80 per cent. 
 Average Clause need not be attached, and no allowance may be 
 made for the 100 per cent. Average Clause. 10-30-96. 
 
 WAIVER CLAUSES IN VIOLATION. 
 
 Clauses or phrases waiving in general terms any condition of 
 the printed policy contract are ruled against when they permit 
 the establishment of a hazard greater than contemplated by rate 
 in cabinet or tend to cover property excluded by the printed con- 
 ditions of the policy. A complete list of such objectionable 
 clauses is impossible, but examples of some are as follows : 
 
 "Errors and omissions in description of the property shall not 
 prejudice this policy." 
 
 "Errors and omissions in the description of the location shall 
 not prejudice this policy." 
 
 " Errors and omissions in the description of the property or 
 location of the property shall not prejudice this policy." 
 
 "Any errors in the description, situation or location of any 
 building or property mentioned in this schedule shall not operate 
 to the prejudice of the assured." 
 
 "And all articles not otherwise enumerated." 
 
 All of these and others of similar purport have been declared 
 to be in violation. 
 
 WAREHOUSEMAN'S POLICIES. 
 
 Policies covering for Warehouseman on Accrued Charges on 
 property in his storage warehouse (unless rated as a Listed 
 Storage Store under Exchange Mercantile Schedule, or as a 
 Furniture Storage Warehouse) may be written on a rent basis, 
 that is, building rate less 25 per cent, for 100 per cent. Average 
 Clause. 12-2-96. 
 
GENERAL RULES AND RATES. 75 
 
 If warehouse is rated as a Listed Storage Store under Exchange 
 Mercantile Schedule, rate for Accrued Charges is obtained by adding 
 35 cents to the base rate shown on card. S. W. C. 4-17-02. 
 
 Accrued Charges in Furniture Storage Warehouses take same 
 rate as contents. 7-9-02. 
 
 In warehouses rated as Listed Storage Stores under Exchange 
 Mercantile Schedule, Warehouseman's Error and Omission Policies 
 shall take a rate based upon a charge of 25c. being added to base 
 rate of each warehouse covered, it being understood that such 
 policies need not have the 80 per cent. Average Clause attached, 
 provided that a specific amount attaches within each warehouse 
 or building covered. If a blanket form is used rate for the entire 
 policy must be that of the highest rated risk covered. S.W.C.12-5-01. 
 
 Policies covering Warehouseman's Errors and Omissions need 
 not have the 80 per cent. Average Clause attached provided that 
 a specific amount attaches within each warehouse or building 
 covered. A. C. 1-3-00. 
 
CLAUSES, PRIVILEGES, AND WARRANTIES. 
 
 APARTMENT HOUSE THREE PER CENT. LIMITATION 
 
 CLAUSE. 
 
 The following clause may be attached at the building rate to 
 policies on buildings occupied for apartment houses: 
 
 "Personal property, if any, belonging exclusively to the 
 assured hereunder and in actual use solely for the furnishing of 
 said premises, viz.: oil cloths, carpets, and matting on halls and 
 stairs, window shades contained therein, also awnings attached 
 to said building, are covered hereunder for a sum not exceeding 
 three per cent, of the amount insured under this policy." 6-19-96. 
 
 The Three Per Cent. Limitation Clause may be attached only 
 to policies covering buildings occupied for Apartment Houses, 
 and may not be used on policies covering buildings occupied as 
 dwellings or occupied as stores and dwellings, unless the occu- 
 pancy of the latter above grade floor is for an apartment house, 
 as defined by the Arbitration Committee, viz.: a building in which 
 apartments are rented to tenants whose housekeeping is con- 
 ducted in their own apartments respectively. 
 
 If a Dwelling House form includes "shades, mats, carpets, and 
 other floor coverings," or other items of personal property 
 properly insurable as contents of such dwelling, the entire policy 
 must take the highest contents rate instead of the usual building 
 rate. R. a 2-ia-00. 
 
 APPRAISALS FOR CO-INSURANCE. 
 
 Whenever a property owner desires to insure a building rated 
 by this Exchange, and being uncertain as to the amount of insur- 
 ance which it is necessary to take in order to comply with the 
 provisions of the Co-Insurance or Average Clause, he may, at his 
 own expense, procure an estimate of such insurable value from 
 one or more of the Appraisers elected by the Exchange, as herein- 
 after provided. 
 
 76 
 
CLAUSES, PRIVILEGES, AND WARRANTIES. 77 
 
 > ■ — i — — — i 1 
 
 Such Appraisers shall be residents of the Metropolitan District; 
 they shall be practical builders in good standing. They shall in 
 each case be recommended to the Exchange in writing by not less 
 than five (5) of its members. "When so recommended they shall 
 first be approved by the Executive Committee, and when so 
 approved their names shall be submitted by the Manager, by 
 circular, to each member, not less than one week prior to any 
 regular meeting, and when action is taken the affirmative vote of 
 80 per cent, of those present and voting shall be necessary to an 
 election. 
 
 Any Appraiser elected by this Exchange who shall be charged 
 by any member with having abused the trust reposed in him, 
 shall on the motion of any member, after one week's notice has 
 been given in writing, have his name expunged from the list of 
 Appraisers by a majority vote of the Exchange at any regular 
 meeting. 
 
 The certificate to be given by such Appraiser shall read as 
 follows: 
 
 Either, No. 1.— I hereby certify that I have carefully examined 
 
 the story building and additions, situate 
 
 No Street, and occupied for 
 
 purposes, and after taking its dimensions and figuring upon the 
 present cost of erecting a new building similar in size and con- 
 struction to that now existing, and making a proper allowance 
 for depreciation, I am of opinion that the present value of same, 
 including permanent fixtures, but excluding cost of excavations 
 
 and foundations, does not exceed the sum of dollars 
 
 (I )• 
 
 N. B.— A round sum must be given. 
 
 Or, No. 2.— I hereby certify that I have carefully examined the 
 
 story building and additions, situate 
 
 No Street, and occupied for 
 
 purposes, and after taking its dimensions and figuring upon the 
 present cost of erecting a new building similar in size and con- 
 struction to that now existing, and making a proper allowance 
 for depreciation, I am of opinion that the present value of same, 
 including permanent fixtures, but excluding cost of excavations, 
 does not exceed the sum of dollars ($ ). 
 
 N. B.— A round sum must be given. 
 
 Upon the receipt by the Manager of such Certificate from an 
 Appraiser regularly elected, he shall present same to the Executive 
 Committee for approval, and when so approved he shall notify 
 each member in writing that such certificate has been filed with 
 him, giving the name of the Appraiser and the amount certified 
 to, and upon the promulgation of such certificate (but not before) 
 any member may endorse upon his policy covering such building 
 a clause which shall read as follows: 
 
CLAUSES, PRIVILEGES, AND WARRANTIES. 78 
 
 "Upon the Certificate of (name to be given) 
 
 filed with the New York Fire Insurance Exchange, and 
 
 dated 19. . . , it is hereby agreed that the maintaining of 
 
 insurance of dollars ($ ) on the building described 
 
 herein (including) (excluding) excavations and foundations is a 
 compliance with the conditions of the Average Clause hereto 
 attached." 
 
 The amount to be specified in the foregoing endorsement shall 
 be not less than 80 per cent, of the sum certified to by the 
 Appraiser, if the 80 per cent, clause be attached, and not less than 
 the full sum if the 100 per cent. Average Clause is used. 
 
 In the event of two or more certificates applying to one and 
 the same building being filed with the Manager at the same time 
 by different Appraisers, the Executive Committee are directed to 
 accept that which shall specify the larger amount, and no certifi- 
 cate when once received, approved, and promulgated, shall be 
 changed, except by a majority vote of the Exchange at a regular 
 meeting. 
 
 No Appraiser's certificate shall be approved, and no endorse- 
 ment relating thereto shall be made upon the policy, except in the 
 form above provided — verbatim et literatim. 2-20-96. 
 
 APPRAISERS. 
 
 Authorized under rule relating to valuation of buildings as a 
 basis for the Average Clause: 
 
 Martin H. Berry, 60 Cliff Street, N. Y. 
 
 J. W. Clark, 86 Roosevelt Street, N. Y. 
 
 Marc Eidlitz & Son, 489 Fifth Avenue, N. Y. 
 
 Henry Hawkes, 46 Cedar Street, N. Y. 
 
 Philip Herman's Son, 227 West 13th Street, N. Y. 
 
 Henry Miller, 342 West 55th Street, N. Y.; also 66 Maiden Lane, 
 
 N. Y. 
 John D. Miner, 150 Nassau Street, N. Y. 
 Joseph Putzel, 41 Union Square, N. Y. 
 H. W. Rose, 301 West 59th Street, N. Y. 
 
 AUTOMATIC FIRE ALARM CLAUSE. 
 
 Required on all policies making allowance for same : 
 "The entire building containing the property hereby insured, 
 having been equipped with the Automatic Fire Alarm Signal 
 Telegraph, in accordance with the Rules and Regulations of the 
 New York Board of Fire Underwriters, and a certificate to that 
 effect issued by authority of said Board, this policy is issued at a 
 reduced rate of premium, and in consideration of such reduced 
 rate, it is hereby made a condition of this policy that the assured 
 shall use due diligence that such equipment shall continue to be 
 maintained during the full term of this insurance." 
 
CLAUSES, PRIVILEGES, AND WARRANTIES. 79 
 
 AUTOMATIC SPRINKLER CLAUSE. 
 
 Required on all policies covering risks having an approved 
 sprinkler system: 
 
 "It is hereby made a condition of this policy, that the assured 
 shall use due diligence to maintain in full "working order during 
 the term of this insurance, the Automatic Sprinkler equipment 
 now in use and approved by the New York Board of Fire Under- 
 writers, and that no change shall be made in such system without 
 the approval of said Board. 
 
 "If the sprinkler equipment is not automatically connected 
 with a Central Fire Alarm Station and approved by said Board, 
 the assured shall maintain a watchman during all hours when 
 the premises are not regularly in operation and when closed." 
 
 Where rate card requires a warranty for steam pump members 
 must add after the word "Underwriters" in above clause the 
 words "and also steam sufficient to operate the steam pump 
 connected with said equipment." 
 
 AUTOMOBILE STORAGE STABLES. 
 
 Where cards covering rates in automobile storage stables call 
 for a warranty as to the number of automobiles to be stored, or 
 as to the quantity of gasoline permitted, or similar requirements, 
 such warranty shall be required only on policies covering the 
 owners of the buildings and the proprietors of such storage 
 stables. 
 
 CLEAR SPACE WARRANTY. 
 
 When rate card in Cabinet calls for the maintenance of a clear 
 space, the following form of warranty shall be used : 
 
 "Warranted by the assured that a clear space of 
 
 feet shall hereafter be maintained between the property hereby 
 insured and any woodworking or manufacturing establishment 
 or dry kiln, and that said space shall not be used for the handling 
 or piling of lumber thereon for temporary purposes, tramways, 
 upon which lumber is not piled, alone being excepted ; but this 
 shall not be construed to prohibit loading or unloading within, 
 or the transportation of lumber and timber products across such 
 clear space; it being specially understood and agreed by the 
 assured that any violation of this warranty shall render this 
 policy null and void." 10-14-00. 
 
 CONSEQUENTIAL LOSS EXCLUSION CLAUSE IN COLD 
 STORAGE STORES. 
 
 The following clause shall be attached to policies covering on 
 merchandise in cold storage stores receiving their refrigeration 
 from a central plant or other outside source: 
 
CLAUSES, PRIVILEGES, AND WARRANTIES. 80 
 
 "This Company shall not be liable under this policy for loss 
 occasioned through partial or total disablement of any refrig- 
 erating plant or by interruption of connection therewith, whether 
 such disablement or interruption is caused by fire or otherwise." 
 
 Policies written on risks involving cold storage hazard (other 
 than breweries) may be written at the Exchange rate if the Con- 
 sequential Loss Exclusion Clause is attached. 
 
 In the case of cold storage stores supplied from a duplicate refrig- 
 erating plant, the Rate Committee may, at its discretion, authorize 
 the omission of the Consequential Loss Exclusion Clause, such 
 fact being stated along with promulgations of the rate. 6-14-00. 
 
 Double the Exchange rate shall be charged on policies written 
 on risks (other than breweries) involving cold storage hazard if 
 written without the above clause being attached. 6-21-00. 
 
 The Consequential Loss Exclusion Clause must be attached 
 not only to policies covering in cold storage stores but to all 
 policies on risks (other than breweries) involving cold storage 
 hazard. 9-24-00. 
 
 The Consequential Damage Exclusion Clause must be attached 
 to policies covering goods on cold storage in Hudson River 
 Stores. R. C. 5-24-00. 
 
 DISTRIBUTION CLAUSE. 
 
 "It is understood and agreed that the amount insured by this 
 policy shall attach in each of the above-named premises in that 
 proportion of the amount hereby insured that the value of prop- 
 erty covered by this policy, contained in each of said places, shall 
 bear to the value of such property contained in all of above-named 
 premises." 
 
 DWELLING AND FLAT HOUSE WARRANTIES. 
 
 To cover the distinction between "Dwellings" and "Flat 
 Houses" one or the other of the following warranties shall be 
 used: 
 
 Dwelling Warranty. "Warranted by the assured that the 
 within described building is occupied exclusively for dwelling pur- 
 poses by not more than two families." 
 
 Or include in the form the words: " While occupied exclusively 
 for dwelling purposes by not more than two families." 
 
 Flat House Warranty. "Warranted by the assured that the 
 within described building is occupied exclusively for dwelling 
 purposes." 
 
 Or include in the form the words: " While occupied exclusively 
 for dwelling purposes." 
 
 The presence of boarders in a dwelling does not remove such risk 
 from the dwelling house class. 6-3-02. 
 
CLAUSES, PRIVILEGES, AND WARRANTIES. 81 
 
 DYNAMO CLAUSE. 
 
 On all policies covering dynamos or other electrical apparatus 
 mentioned in the following clause, such clause must be attached: 
 
 "This insurance shall not cover any loss or damage to 
 dynamos, exciters, lamps, motors, switches, or any other appa- 
 ratus for generating, utilizing, testing, regulating or distribut- 
 ing electricity, caused by electric current, whether artificial or 
 natural." 6-20-95. 
 
 The following clause may be used in Electric Light and Power 
 Stations instead of the regular Dynamo .clause, but one or the 
 other must be used : 
 
 "This insurance shall not cover any loss or damage to dyna- 
 mos, exciters, lamps, motors, switches, or any other apparatus 
 for generating, utilizing, testing, regulating or distributing 
 electricity, caused by electric current, whether artificial or natural, 
 where the cause of loss or damage originates within, and the loss 
 or damage is confined exclusively to said dynamo, exciter, lamp, 
 motor, switch or other apparatus as above referred to. " 5-21-96. 
 
 A building policy covering premises occupied as a power house 
 and electric light station with form including "electric apparatus, 
 dynamos, engines, boilers and connections," requires the 100 per 
 cent*. Average Clause. 7-25-99. 
 
 When a policy on Furniture and Fixtures is so worded as to 
 make it cover dynamos or electrical apparatus of any description 
 (whether exciters, lamps, motors, switches, or any other appa- 
 ratus for generating, utilizing, testing, regulating or distributing- 
 electricity) the Dynamo Clause here set forth above must be attached 
 to policies. Attention is called to the fact that it is not necessary 
 that the electrical apparatus shall be mentioned in specific terms, 
 the clause being required to be attached if the wording of the 
 policy is such as to cover dynamos or electrical apparatus of any 
 description whatever. R. C. 4-7-02. 
 
 For Dynamo Clause covering Telephone and Telegraph Station 
 Plant, see page 86. 
 
 EIGHTY PER CENT. AVERAGE RULES. 
 
 All rates, whether by Schedule Rate, General Minimum Rate, 
 Specific Rate or Dry Goods District Rate and class rates of every 
 kind, made and promulgated, and all rates heretofore promul- 
 gated in the entire Metropolitan District, including the Area of 
 Operation, shall be based upon 80 per cent, insurance guaranteed 
 in the policy. 
 
 On all risks now rated by the New York Fire Insurance Ex- 
 change, where special provision has been made for a rebate for 80 
 per cent. Average, the net rate where such deduction has been 
 
CLAUSES, PRIVILEGES, AND WARRANTIES. 82 
 
 made shall be taken as the standard rate with a guarantee of 80 
 per cent, insurance expressed in the policy, but when no such pro- 
 vision has been made there shall be no such deduction. 
 
 Whenever the Rate Committee shall be satisfied that the Aver- 
 age Clause will work a hardship to the assured, on account of his 
 inability to procure such an amount of insurance, because of the 
 magnitude of the risk, they are authorized to prescribe the terms 
 on which the Average Clause may be dispensed with or modi- 
 fied. 4-26-92. 
 
 EIGHTY PER CENT. AVERAGE CLAUSE. 
 
 New York Standard 80 per cent. Average Clause with Exemp- 
 tion of Special Inventory or Appraisement in certain cases, is as 
 follows : 
 
 "In consideration of the premium for which this policy is issued 
 it is expressly stipulated that, in the event of loss, this Company 
 shall not be liable for a greater proportion of any loss or damage 
 to the property described herein than the sum hereby insured 
 bears to eighty per centum (80%) of the actual cash value of said 
 property at the time such loss shall happen. 
 
 "In case of claim for loss on the property described herein, not 
 exceeding five per cent. (5%) of the maximum amount named in 
 the policies written thereon and in force at the time such loss 
 shall happen, no special inventory or appraisement of the undam- 
 aged property shall be required. 
 
 "If the insurance under this policy be divided into two or 
 more items, these clauses shall apply to each item sepa- 
 rately." 3-13-02. 
 
 If desired to be used without exemption of special inventory or 
 appraisement, the form of this clause shall be as follows : 
 
 " This Company shall not be liable for a greater proportion of 
 any loss or damage to the property described herein than the sum 
 hereby insured bears to eighty per centum (80%) of the actual cash 
 value of said property at the time such loss shall happen. 
 
 "If the insurance under this policy be divided into two or 
 more items, this Average Clause shall apply to each item 
 separately." 3-13-02. 
 
 No other clause than the above and no modification of the above 
 clause may be used. 
 
 No guarantee of a stated amount maybe substituted or added so 
 as to interfere with the free operation of the above clause, except 
 in accordance with rule for Appraisals for Co-Insurance. 3-3-96. 
 
 Eighty per cent, clause is not required on household furniture in 
 use in living apartments belonging to tenants in dwellings or 
 apartment houses, and on use and occupancy policies. 4-18-99. 
 
 The rates of this Exchange being based upon the carrying of 
 insurance equal to at least 80 per cent, of the value of the property 
 
CLAUSES, PRIVILEGES, AND WARRANTIES. 83 
 
 insured, any exclusion in the policy form of any portion of the 
 property rated, except foundations below the level of the ground, 
 amounts to an unauthorized reduction of rate and is a viola- 
 tion. R. C. 10-28-02. 
 
 Wherever in the ratings, rules and rulings of this Exchange the 
 words "80 per cent, co-insurance" occur the words "80 per cent, 
 average" are hereby substituted, and wherever the words "full 
 co-insurance" occur the words "one hundred percent, average" 
 are hereby substituted therefor, except where such ratings, rules 
 and rulings apply to risks situate in New Jersey, or to Floater Forms 
 Nos. 1 to 8 or risks insured thereunder. 3-13-02. 
 
 ELECTRIC LIGHT CLAUSE. 
 
 "New York Standard Clause Forbidding the Use of Elec- 
 tricity. This entire policy shall be void if electricity is used for 
 light, heat or power in the above described premises unless 
 written permission is given by this Company hereon. 
 
 "Permit for Use of Electricity. Referring to the above, per- 
 mission is hereby given for the use of electricity for light, and/or 
 heat (*) when a Certificate shall have been obtained from the New 
 York Board of Fire Underwriters, it being understood and agreed 
 that no alterations shall be made in such equipment after Certifi- 
 cate is issued without written approval from the said Board; 
 and it being further understood and agreed that, if dynamos, 
 wiring, lamps, motors, switches or other electrical appliances or 
 devices are insured by this policy, this Company shall not be 
 liable for any loss or damage to such property resulting from any 
 electrical injury or disturbance, whether from artificial or natural 
 causes, unless fire ensues, and then for the loss by fire only. "1-14-03 
 
 * Insert "and/or power" if desired. 
 
 The words " and/or heat and/or power" may be inserted in the 
 Electric Light Clause, provided the power is used only for pur- 
 poses other than manufacturing (such as warming heaters, run- 
 ning elevators, fans, etc.), but if power is used for manufacturing 
 purposes it makes the risk a special, and classes it as a man- 
 ufacturing risk using power, and rate must be charged accord- 
 ingly. 6-25-00. 
 
 In territory formerly under the jurisdiction of the Suburban 
 Underwriters' Association, but now under this Exchange, where 
 electric lighting installations are still inspected by the Suburban 
 Underwriters' Association, the Electric Light Privilege of that 
 Association may be used instead of that of the New York Board 
 of Fire Underwriters. 7-25-00. 
 
 The following form of Electric Light Clause may be attached to 
 policies covering Sugar Refineries in place of the regular Board 
 form. 
 
CLAUSES, PRIVILEGES, AND WARRANTIES. 84 
 
 "Privileged to use electric light and power in the above men- 
 tioned premises when a certificate is obtained from the New York 
 Board of Fire Underwriters 
 
 "Also privileged to make such alterations and additions to 
 the equipment as maybe necessary by reason of changes incidental 
 to the business, provided such changes are made in full compli- 
 ance with the requirements of the National Electric Code, and 
 also provided that the same are reported in detail as soon as 
 completed, to said Board for Examination and approval. 
 
 "This insurance shall not cover any loss or damage to 
 dynamos, exciters, lamps, motors, switches or any other appa- 
 ratus for generating or distributing electricity, caused by electric 
 current, whether artificial or natural." 7-104)1. 
 
 As the New York Board of Fire Underwriters does not issue 
 Certificates to Electric Car Barns or to Electric Light and Power 
 Stations, policies covering risks of that kind need not. have privilege 
 to Use Electric Lights attached. R. C. 3-7-01. 
 
 Where a Listed Storage Store embraces cold storage and is 
 equipped with electric lights under permission from the New York 
 Board of Fire Underwriters, the Electric Light Clause need not, be 
 attached to policies covering contents. R. C. 6-16-02. 
 
 OCCUPANCY WARRANTY. 
 
 Whenever a warranty of occupancy is required by the rate card 
 or under general rules such warranty shall be in the following 
 
 form :— " While occupied exclusively for " or " While occupied 
 
 above the grade floor exclusively for " Or the occupancy 
 
 maybe limited by writing in or stamping on the policy the follow- 
 ing clause :— " This insurance to oe valid only while the building 
 herein described is occupied exclusively for " 2-4-02. 
 
 ONE HUNDRED PER CENT. AVERAGE CLAUSE. 
 
 New York Standard (100 per cent.) Average Clause with Ex- 
 emption of Special Inventory or Appraisement in certain cases, is 
 as follows :— 
 
 "In consideration of the premium for which this policy is issued 
 it is expressly stipulated that in the event of loss, this Company 
 shall not be liable for a greater proportion of any loss or damage 
 to the property described herein than the sum hereby insured 
 bears to one hundred per centum (100%) of the actual cash value 
 of said property at the time such loss shall happen. 
 
 "In case of claim for loss on the property described herein not 
 exceeding five per cent. (5%) of the maximum amount named in 
 the policies written thereon and in force at the time such loss shall 
 happen no special inventory or appraisement of the undamaged 
 property shall be required. 
 
CLAUSES, PRIVILEGES, AND WARRANTIES. 85 
 
 "If the insurance under this policy he divided into two or more 
 items, these clauses shall apply to each item separately." 
 
 If desired to be used without exemption of special inventory or 
 appraisement, the form of this clause shall be as follows : 
 
 "This Company shall not be liable for a greater proportion of 
 any loss or damage to the property described herein than the sum 
 hereby insured bears to one hundred per centum (100%) of the 
 actual cash value of said property at the time such loss shall 
 happen. 
 
 "If the insurance under this policy be divided into two or more 
 items, this Average Clause shall apply to each item sepa- 
 rately." 3-13-02. 
 
 " Wherever in the ratings, rules and rulings of this Exchange 
 the words "80 per cent, co-insurance" occur the words "80 per 
 cent, average" are hereby substituted, and wherever the words 
 "full co-insurance" occur the words " one hundred per cent, aver- 
 age " are hereby substituted therefor, except where such ratings, 
 rules and rulings apply to risks situate in New Jersey, or to Floater 
 Forms Nos. 1 to 8 or risks insured thereunder." 3-13-02. 
 
 OTHER FLOOR CLAUSE IN FIRE-PROOF BUILDINGS. 
 
 Where the rules or rate card require the particular floor to be 
 specified on the policy of a tenant, the following clause may be 
 attached : 
 
 " Property of the assured while in this building either in transit 
 to their own floors or temporarily on a lower floor is hereby 
 covered under this policy." 
 
 PATTERN (TEN PER CENT.) LIMITATION CLAUSE. 
 
 Where any item of a policy covers patterns, models, moulds, 
 drawings, designs, dies, solutions, or lithographic stones and en- 
 gravings thereon, or any of them, the rate of such item shall be 
 increased 25 per cent, unless a specific amount is insured on such 
 property, or unless the policy contains the following clause : 
 
 "Not more than ten per cent, of the amount insured under 
 
 , item of this policy shall apply on patterns, models, 
 
 moulds, drawings, designs, dies, solutions, or lithographic stones 
 and engravings thereon." 3-20-01. 
 
 PRIVATE WAREHOUSE WARRANTY. 
 
 "Warranted by the assured that the within premises are used 
 exclusively by the assured for the storage of his or their own mer- 
 chandise in original packages, including merchandise held on 
 commission or sold but not delivered ; that no cotton or fibre is 
 or will be stored therein ; that the general business of trading is 
 
CLAUSES, PRIVILEGES, AND WARRANTIES. 86 
 
 not carried on ; that no work is done except occasionally break- 
 ing packages, packing, re-packing, sampling and sorting piece 
 goods, and strapping boxes ; that no lights are permitted unless 
 contained in enclosed locked lanterns containing candles or lamps 
 filled with whale, sperm, lard or signal oil ; that no fire or steam 
 heat is used other than in the office of the storekeeper and for 
 hoisting ; and that smoking is not permitted on the premises." 
 
 RENT CLAUSE. 
 
 " It is understood and agreed, that if said building or any part 
 thereof, shall be rendered untenantable by fire so as to cause an 
 actual loss of rents to the assured, this Company shall be liable 
 for such loss of rents not exceeding the sum hereby insured. The 
 assured agrees to rebuild or repair said building in as short a 
 time as the nature of the case will admit, and the sum insured 
 will be taken as the yearly rent of the building, and this Company 
 shall be liable only for such proportion of any loss as the sum 
 hereby insured bears to the actual annual rent of said building. 
 Loss to be computed from the date of the fire and to cease upon 
 the building being again rendered tenantable. In case the assured 
 shall elect not to rebuild or repair, then the loss of rent shall be 
 determined by the time which would have been required for such 
 purpose. In the event of disagreement as to the time, the same 
 shall, as above provided, be ascertained by two competent and 
 disinterested appraisers, the insured and this Company each 
 selecting one, and the two so chosen shall first select a compe- 
 tent and disinterested umpire; the appraisers together shall 
 then estimate and determine the time, and failing to agree shall 
 submit their differences to the umpire ; and the award in writing 
 of any two shall determine the amount of such time. The parties 
 thereto shall pay the appraiser respectively selected by them and 
 shall bear equally the expenses of the appraisal and umpire." 
 
 SPECIAL BUILDING SIGNAL WARRANTY. 
 
 Where card rates specifically require such warranty, the fol- 
 lowing form must be used. 
 
 "Warranted by the assured to maintain a Special Building 
 Signal approved by the New York Board of Fire Underwriters 
 for the transmission of alarms to Fire Department Head- 
 quarters." 2-11-03. 
 
 No allowance may be made until so stated on rate card. 
 
 TELEPHONE AND TELEGRAPH STATION CLAUSE. 
 
 The following form of dynamo clause must be used on policies 
 covering Telephone Exchange and Telegraph Station Plant. 
 
CLAUSES, PRIVILEGES, AND WARRANTIES. 87 
 
 "This Company shall not be liable for any loss or damage 
 resulting from any electrical injury or disturbance, whether from 
 artificial or natural cause, in or to any of the property hereby 
 insured, unless fire ensues, and then for the loss resulting from 
 fire only. 
 
 "It is further understood and agreed that in case of any loss or 
 damage by fire the assured is at liberty to immediately make all 
 necessary repairs, due notice of such loss to be given to the Com- 
 pany without delay." A. C. 7-26-01. 
 
 The Telephone and Telegraph Station Clause must be attached 
 to policies covering telephone property or interest of any de- 
 scription. 8-7-01. 
 
 THEATRE WARRANTIES. 
 
 Under the Theatre schedule an allowance may be made for 
 either or both of the following warranties. When such allow- 
 ances are desired the request therefor must be referred to the 
 Manager's office in order that an inspection may be made to 
 verify the fact that the appliances called for by the warranties 
 have been provided. Allowances must not be made at the 
 counter as same are included in the rates on card. 
 
 Warranty No. 1.— "Warranted by the assured that he (or 
 they) will keep a forty gallon barrel filled with water, also six 
 buckets filled with water, one fire extinguisher, two axes and two 
 hooks on each fly gallery, on each side of the stage, and in prop- 
 erty room, repair shop and paint shop." 
 
 Warranty No. 2.—" Warranted by the assured that he (or 
 they) will maintain a Night and Sunday Watchman, with Watch 
 Clock, having stations on each floor of the building, and on 
 stage and each fly gallery, and in property room, repair shop and 
 paint shop, and a Special Building Call connected with Fire De- 
 partment Headquarters. ' ' 2-4-02. 
 
 WATCHMAN AND CLOCK WARRANTY. 
 
 Where card rates specifically require such warranty, the fol- 
 lowing form must be used: 
 
 "Warranted by the assured to maintain Night, Sunday and 
 Holiday Watchman, with approved stations and approved 
 watch clock, and making such reports to the New York Fire 
 Insurance Exchange as may be required." 24-02. 
 
 No allowance may be made until so stated on rate card. 
 
 WHARF CLAUSE. 
 
 Members may grant permits on storage policies to cover on 
 wharf not exceeding ten days while going into store, using the 
 following clause: 
 
CLAUSES, PRIVILEGES, AND WARRANTIES. 88 
 
 "This policy also covers on said described merchandise ordered 
 
 to said store, ex (excepting, however, merchandise 
 
 covered by marine and/or inland, or transportation insurance), 
 while on streets, or piers and bulkheads and/or during transit to 
 said store, for a period not exceeding ten days from date of this 
 policy or from the date of each entry." 12-11-01. 
 
 Only one wharf privilege may be granted under any one policy 
 or entry under an open policy. 
 
 This clause must be used verbatim, and no other may be used. 
 It may not be altered so as to cover goods going out of store. 
 
 WORK AND MATERIALS CLAUSE. 
 
 With regard to the privilege for work and materials, it is held 
 that any general waiver clause waiving the specific prohibitions 
 of the Standard Policy as to work and materials is contrary to 
 rule, except the following, which may be allowed : 
 
 "Privileged to do such work and to use such materials as are 
 usual in the business of (specifying business)." 
 
 The above clause must be used verbatim et literatim. 
 
 Where the above clause is attached to a policy of a printer 
 having a warranty against use of benzine, no deduction shall be 
 made for such benzine warranty. 2-20-96. 
 
 General privileges like the following are contrary to the rules of 
 the Exchange :— " Privilege for existing occupations and others." 
 "Privilege for existing occupations and for other purposes," etc. 
 
 A form which embraces the following clause "including that 
 mentioned in lines Nos. 24-28 of the printed conditions of this 
 policy in legal quantities when the same shall constitute a portion 
 of their stock of supplies" is in violation in that it waives the 
 Work and Materials Clause. This ruling is to be held as applying 
 to any form which contains a general waiver of lines 24-28 of the 
 Standard Policy, whether such general waiver is set forth in ex- 
 actly the words quoted or others to the same effect. A. C. 4-26-00. 
 
 The Work and Materials Clause should apply only to the business 
 carried on by the assured and should not be made with reference to 
 some other business carried on in the same building but over 
 which the assured has no control. 3-19-02. 
 
 The Work and Materials Clause when attached to a policy is 
 considered to waive the conditions of the Standard Policy relat- 
 ing to the keeping of explosives and high inflammables, as set 
 forth in lines 22 to 26 thereof, so far as the keeping of such articles 
 may be usual in the business of the insured. 
 
 If instead of or in addition to the Work and Materials Clause 
 the assured requests privilege to keep and use naphtha, benzine, 
 fireworks, gunpowder, gasoline and calcium carbide, all or any 
 one, charge must be made therefor in addition to card rates, 
 
CLAUSES, PRIVILEGES, AND WARRANTIES. 89 
 
 unless the card states that charge has been included in the rate 
 as issued. 
 
 In granting permission (other than the Work and Materials 
 Clause) for the keeping and use of any high inflammable or ex- 
 plosive the quantity allowed should be limited in the permit, 
 either to the amount stated on rate card, or, in the absence ol 
 any rule restricting the quantity, fixed by judgment of the com- 
 pany, but privilege for an unlimited quantity must not be granted 
 without charge. 
 
 Where card in the cabinet does not state that a charge for use 
 of an explosive or high inflammable has been included in the rate, 
 if privilege therefor is desired on policy, the Manager will upon 
 application furnish a letter for use by assured's representative 
 stating terms upon which such privilege may be granted pending 
 issue of new card. 6-22-00. 
 
 If a permit is given for naphtha, benzine, or other high inflam- 
 mable or explosive in or on a dwelling house risk with the amount 
 allowed of each limited to a definite quantity no charge need be 
 made therefor. 9-24-00. 
 
 Where a form contains a general privilege giving permission 
 "to keep and use a reasonable quantity of naphtha, benzine, 
 fireworks, gunpowder, gasoline and calcium carbide without 
 prejudice to his insurance," such privilege must be charged for 
 upon the basis of the highest rated explosive included therein; 
 that is to say, 2.50 for fireworks or gunpowder, or in case those 
 two hazards are omitted, not less than 25 cents for naphtha, 
 benzine, gasoline or calcium carbide. R. C 3-12-00. 
 
FORMS. 
 
 CHURCH, CHAPEL OR SUNDAY SCHOOL FORM. 
 
 $ On the building occupied for Church 
 
 purposes, situate 
 
 This item covers all adjoining additions and extensions 
 thereto, if communicating, sidewalks, yards, fences, rail- 
 ings, pews, pulpits, window, plate and ornamental glass, 
 frescoing, and plain and ornamental painting, gas, water 
 and heating pipes, apparatus, fixtures, and all appliances 
 pertaining thereto. 
 
 | On dynamos and all electric and mechanical apparatus and 
 
 appurtenances thereto belonging. 
 
 9. . . .On Church, altar, school and other movable furniture, useful 
 and ornamental, carpets, floor coverings, paintings, pic- 
 tures, engravings and their frames, musical instruments 
 (excepting pipe organs), statuary, stations, vestments, 
 plate, printed books and music, church and school para- 
 phernalia, and supplies. 
 
 $....On pipe organs— all while contained in the above described 
 premises. 
 
 Permission for mechanics to be employed in the within de- 
 scribed premises, but this shall not be held to include the 
 constructing or reconstructing of the building or buildings, 
 or additions, or the enlargement of the premises. 
 
 Permission to hold fairs, concerts and dramatic or literary 
 entertainments. 
 
 11 This policy shall cover any direct loss or damage caused by 
 Lightning (meaning thereby the commonly accepted use of the 
 term Lightning, and in no case to include loss or damage by 
 cyclone, tornado or windstorm), not exceeding the sum insured, 
 nor the interest of the assured in the property, and subject in all 
 other respects to the terms and conditions of this policy. Pro- 
 vided, however, if there shall be any other insurance on said 
 
 90 
 
FORMS. 91 
 
 property this Company shall be liable only pro rata with such 
 other insurance for any direct loss by Lightning, whether such 
 other insurance be against direct loss by Lightning or not." 
 
 "Privileged to use Electric Lights in the above-mentioned 
 premises when the entire equipment is in full compliance with the 
 Standard of the New York Board of Fire Underwriters, and a 
 certificate is obtained from said Board to that effect. ,, 
 
 "It being understood that no alterations shall be made in the 
 equipment after Certificate Is issued without written consent from 
 said Board." 
 
 "This insurance shall not cover any loss or damage to dyna- 
 mos, exciters, lamps, motors, switches, or any other apparatus 
 for generating, utilizing, testing, regulating or distributing 
 electricity, caused by electric current, whether artificial or 
 natural." 
 
 " Other Insurance permitted without notice until required." 
 
 If written under minimum, and at the rate for a steam heated 
 church the following warranty is required: 
 
 "Warranted that the premises herein described are heated by 
 steam, and that no stoves or hot-air furnaces will be used during 
 the continuance of the policy." 
 
 The words "altar" and "confessionals" may be inserted in 
 the first item of the standard Church form after the word pulpits. 
 The items "bells and tower clocks and ventilating apparatus" 
 may be added to the building item. The words "and water 
 motor and all connections and attachments thereto" can be 
 added after the words "pipe organs." 
 
 The following clause may be added to the Church form: 
 
 "The first item of this policy covering ■ building* is understood 
 to cover all electrical wiring, fixtures, switch-boards, and other 
 electrical apparatus and appurtenances, but does not cover dyna- 
 mos or apparatus and appurtenances, belonging thereto." 9-28-96 
 
 No other Church form may be used, and no change of wording is 
 allowable except as above ruled. 3-3-96 
 
 A clause excluding foundations, as provided for on page 57 
 may be attached to, or made part of, the form for Church, Chapel, or 
 Sunday School. B. C. 11-6-01 
 
 COMMON CARRIERS. 
 
 Insurance of Common Carrier's liability may be written under 
 the following forms, one or the other of which must be used : 
 
 Legal Liability Form— Liability disclaimed. Bate to be one-half 
 of the Contents rate of the Pier. 
 
 $ On their legal liability in or for all merchandise held in their 
 
 custody as common carriers, warehousemen, wharfingers, 
 forwarders or freighters, while contained 
 
FORMS. 92 
 
 The purpose of this insurance is to indemnify the insured for 
 their legal liability, if any, to the amount they are obliged to pay 
 on such merchandise by reason of loss or damage by fire, and it 
 is understood that liability for such loss or damage by fire is and 
 will be disclaimed in bills of lading, shipping receipts and other 
 similar documents. 
 
 It is also understood and agreed that all claims against the 
 insured (provided the claim or claims are not in excess of the 
 amount insured) shall be resisted under the direction and control 
 of this Company, the cost of such resistance (whether conducted 
 by the insured or by this Company) to be paid by this Company 
 in the proportion that the amount of this policy bears to the 
 total amount of such claim or claims. 
 
 In the event of loss hereunder, this Company shall be subro- 
 gated to all claims upon owners of merchandise to the extent of 
 payment made to the said Steamship Company. 
 
 (No co-insurance clause required ; commission 15 per cent.) 
 
 Legal Liability Form— Liability not disclaimed. Rate to be that 
 for merchandise on Pier. 
 
 $. . . .On their legal liability in or for all merchandise and/or bag- 
 gage held in their custody as common carriers, warehouse- 
 men, wharfingers, forwarders or freighters ; also upon their 
 interest in all advances or other charges due or to become 
 due upon all merchandise and/or baggage while con- 
 tained 
 
 It being mutually understood and agreed that if claim is made 
 against the assured hereunder for merchandise and/or baggage 
 held by them as above provided, the insurers shall have the 
 option of either admitting such claim for payment or of resisting 
 it in court, the legal expenses incurred in such resistance to be 
 borne by the Insurance Companies interested, in the proportion 
 that the total amount of the insurance shall bear to the total 
 amount of such claim or claims. 
 
 (No co-insurance clause required; commission 15 per cent.) 
 
 If liability for property on more than one pier or wharf be 
 covered, a separate amount must be placed on each. 7-11-00. 
 
 The words "and/or freight" may be added to the "Legal 
 Liability Form— Liability Not Disclaimed" after the word "mer- 
 chandise." 7-10-01. 
 
 The following clause may be added to Legal Liability Not 
 Disclaimed form, if desired, without extra charge : 
 
 This company hereby gives consent to the assured hereunder 
 to admit their liability upon all goods, wares and merchandise 
 damaged or destroyed by fire upon the premises described herein, 
 which, at the time of loss, had been upon the said premises for a 
 
FORMS. 93 
 
 period not exceeding forty-eight (48) hours, in addition to Sun- 
 days and Holidays, preceding the fire, and which at the time of 
 loss was not protected by other insurance. A. C. 12-10-02. 
 
 FLOATER FORMS. 
 
 The following floater forms are approved for use on policies 
 covering merchandise in bonded warehouses, general order stores, 
 storage stores, and while in transitu, in the cities and ports of 
 New York, Brooklyn, Jersey City and Hoboken. They must be 
 used as here given, except as provided below: 
 
 In Forms 3, 4, 7 and 8, the word " merchandise " may be sub- 
 stituted for the words "vegetable fibre." 
 
 Forms 1, 2, 5 and 6 may be written with full co-insurance 
 clause (no deduction therefor) at .875 for Forms 1 and 2, and at 
 1.75 for Forms 5 and 6, provided, instead of the words "On mer- 
 chandise consisting principally of excluding cotton 
 
 and other vegetable fibre and petroleum and its liquid products," 
 the following words be substituted, viz.: "On merchandise con- 
 sisting exclusively of Antimony, Block Tin, Brass in pigs, Copper 
 in ingots, cakes and bars, Crude Rubber, Iron in pigs, Lead in 
 pigs, Mercury in flasks and Spelter." (Any or all to be specified 
 byname.) 
 
 Upon Floater Forms 5, 6, 7 and 8, the following endorsement 
 may be made:— "Piers No. 1 and No. 2 of the American Dock 
 Stores, Staten Island, being used as a terminal of the Baltimore 
 & Ohio Railroad Co., may be included as under the protection of 
 this form." 
 
 Hay having been classed by the New York Board of Fire Un- 
 derwriters as "vegetable fibre," and as such being excluded from 
 non-fibre stores, Hay floaters can only be written under the 
 " fibre" Forms 3, 4, 7 and 8. The writing of Hay under Floaters 
 1, 2, 5 and 6 is prohibited. 
 
 Any other form of floater desired covering merchandise or 
 other kinds of personal property not less than 2.50. 
 
 Freight charges on merchandise may be written under General 
 Floater Forms Nos. 1 to 8 at the same rates as carried by said 
 forms. 3-20-01. 
 
 No. 1.— ORDINARY EXCESS FLOATER, EXCLUDING 
 COTTON. 
 
 On merchandise consisting principally of excluding 
 
 cotton and other vegetable fibre and petroleum and its liquid 
 products, the property of the assured or held by the assured in 
 trust or on commission or on joint account with others or sold 
 
FORMS. 94 
 
 but not delivered, while contained in any or all the bonded ware- 
 houses, general order stores or brick and stone storage stores, and 
 while in transitu in or on any of the streets, yards, wharves, piers, 
 and bulkheads, in the Cities of New York, Brooklyn, Jersey City 
 and Hoboken, and while afloat in transitu in the ports of said 
 cities ; subject to the following conditions of co-insurance and ex- 
 ceptions named below : 
 
 N. Y. Standard Co-Insurance Clause for Limited Floating Policy. — 
 
 It is hereby declared and agreed that in case the property afore- 
 said in all the buildings, places, or limits included in this insur- 
 ance, shall at the breaking out of any fire or fires, be collectively 
 of greater value than the sum insured, then this company shall 
 pay and make good such a portion only of the loss or damage as 
 the sum insured shall bear to the whole value of the property 
 aforesaid, at the time when such fire or fires shall first happen. 
 
 But it is at the same time declared and agreed, that if any 
 specific parcel of goods included in the terms of this policy, or 
 such goods in any specified building or buildings, place or places, 
 within the limits of this insurance, shall at the time of any fire be 
 insured in this or any other office, this policy shall not extend to 
 cover the same, excepting only as far as relates to any excess of 
 value beyond the amount of such specific insurance or insurances, 
 and shall not be liable for any loss, unless the amount of such loss 
 shall exceed the amount of such specific insurance or insurances, 
 which said excess only is declared to be under the protection of 
 this policy and subject to average, as aforesaid. 
 
 It being the true intent and meaning of this agreement that 
 this company shall not be liable for any loss, unless the amount 
 of such loss shall exceed the amount of the specific insurance or 
 insurances, and then only for such excess, which said excess shall 
 be subject to average, as above. 
 
 This policy does not cover in the building or premises of the 
 New York Central & Hudson River Railroad Co., at St. John's 
 Park; nor in the Central Terminal Stores at 27th and 28th 
 Streets, Eleventh Avenue and North River ; nor on the piers or in 
 the buildings or premises of the New York Central & Hudson 
 River Railroad Co., between 27th and 33d Streets, and between 62d 
 and 68th Streets, New York City ; nor on the piers or in the build- 
 ings or premises of the New York, Lake Erie & Western Railroad, 
 the Central Railroad of New Jersey, the Lehigh Valley Railroad, 
 the Delaware, Lackawanna & Western Railroad and the Pennsyl- 
 vania Railroad, in Jersey City and Hoboken, New Jersey ; nor on 
 Black Tom Island ; nor in any tobacco inspection or other ware- 
 house used exclusively for the storage of tobacco; nor in any 
 grain elevator or elevator store or graded grain store ; nor in any 
 
FORMS. 95 
 
 furniture storage store ; nor in any building occupied wholly or 
 in part by the assured. 
 
 This policy does not cover in whole or in part, goods on 
 which at the time of any fire there may be any marine, inland or 
 transportion insurance. 
 
 Other insurance permitted without notice until required. 
 
 No. 2.— ORDINARY LIMITED FLOATER, EXCLUDING 
 
 COTTON. 
 
 On merchandise consisting principally of excluding 
 
 cotton and other vegetable fibre and petroleum and its liquid 
 products, the property of the assured or held by the assured in 
 trust, or on commission, or on joint account with others or sold 
 but not delivered, while contained in any or all the bonded ware- 
 houses, general order stores, or brick and stone storage stores, 
 and while in transitu in or on any of the streets, yards, wharves, 
 piers, and bulkheads, in the Cities of New York, Brooklyn, Jersey 
 City and Hoboken, and while afloat in transitu in the ports of 
 said cities ; subject to the following conditions of co-insurance 
 and exceptions named below : 
 
 N. Y. Standard Co-Insurance Clause for Excess Floating Policy.— 
 It is hereby declared and agreed that in case the property afore- 
 said in all the buildings, places, or limits included in this insur- 
 ance, shall at the breaking out of any fire or fires, be collectively 
 of greater value than the sum insured, then this company shall 
 pay and make good such a portion only of the loss or damage as 
 the sum insured shall bear to the whole value of the property 
 aforesaid, at the time when such fire or fires shall first happen. 
 
 Exceptions.— This policy does not cover in whole or in part, any 
 specific parcel of goods included in the terms of this policy, or 
 such goods in any specified building or buildings, place or places, 
 within the limits of this insurance, which shall at the time of any 
 fire be insured in this or any other office. 
 
 This policy does not cover in whole or in part, any specific 
 parcel of goods included in the terms of this policy, or such goods 
 in any specified building or buildings, place or places, within the 
 limits of this insurance, which shall at the time of any fire be 
 insured in this or any other office. 
 
 This policy does not cover in whole or in part, goods on which 
 at the time of any fire there may be any marine, inland or trans- 
 portation insurance. 
 
 This policy does not cover in the building or premises of the 
 New York Central & Hudson River Railroad Co., at St. John's 
 Park, nor in the Central Terminal Stores, at 27th and 28th 
 Streets, Eleventh Avenue and North River ; nor on the piers or in 
 
FORMS. 96 
 
 the buildings or premises of the New York Central & Hudson 
 River Railroad Co., between 27th and 33d Streets, and between 
 62d and 68th Streets, New York City ; nor on the piers or in the 
 buildings or premises of the New York, Lake Erie and Western 
 Railroad, the Central Railroad of New Jersey, the Lehigh Valley 
 Railroad, the Delaware, Lackawanna & Western Railroad, and 
 the Pennsylvania Railroad, in Jersey City and Hoboken, New 
 Jersey ; nor on Black Tom Island ; nor in any tobacco inspection 
 or other warehouse used exclusively for the storage of tobacco ; 
 nor in any grain elevator or elevator store or graded grain 
 store; nor in any furniture storage store; nor in any building 
 occupied wholly or in part by the assured. 
 
 Other Insurance permitted without notice until required. 
 
 No. 3.— ORDINARY EXCESS COTTON FLOATER. 
 
 On cotton and other vegetable fibre, the property of the 
 assured or held by the assured in trust or on commission or on 
 joint account with others or sold but not delivered, while con- 
 tained in any or all the bonded warehouses, general order stores 
 or brick and stone storage stores, and while in transitu in or on 
 any of the streets, yards, wharves, piers and bulkheads, in the 
 Cities of New York, Brooklyn, Jersey City and Hoboken, and 
 while afloat In transitu in the ports of said cities ; subject to the 
 following conditions of co-insurance and exceptions named be- 
 low: 
 
 (N. Y. Standard Co-Insurance Clause for Excess Floating 
 Policy. See Form No. 1.)— This policy does not cover in the 
 building or premises of the New York Central & Hudson River 
 Railroad Co., at St. John's Park, nor in the Central Terminal 
 Stores, at 27th and 28th Streets, Eleventh Avenue and North 
 River ; nor on the piers or in the buildings or premises of the New 
 York Central & Hudson River Railroad Co., between 27th and 33d 
 Streets, and between 62d and 68th Streets, New York City ; nor 
 on the piers or in the buildings or premises of the New York, Lake 
 Erie and Western Railroad, the Central Railroad of New Jersey, 
 the Lehigh Valley Railroad, the Delaware, Lackawanna & West- 
 ern Railroad, and the Pennsylvania Railroad, in Jersey City and 
 Hoboken, New Jersey; nor on Black Tom Island; nor in any 
 tobacco inspection or other warehouse used exclusively for the 
 storage of tobacco ; nor in any grain elevator or elevator store 
 or graded grain store ; nor in any furniture storage store, nor in 
 any building occupied wholly or in part by the assured. 
 
 This policy does not cover in whole or in part, goods on 
 which at the time of any fire there may be any marine, inland or 
 transportation insurance. 
 
 Other insurance permitted without notice until required. 
 
FORMS. 97 
 
 No. 4— ORDINARY LIMITED COTTON FLOATER. 
 
 On cotton and other vegetable fibre, the property of the 
 assured or held by the assured in trust or on commission or on 
 joint account with others or sold but not delivered, while con- 
 tained in any or all the bonded warehouses, general order stores 
 or brick and stone storage stores, and while in transitu in or on 
 any of the streets, yards, wharves, piers and bulkheads, in the 
 Cities of New York, Brooklyn, Jersey City and Hobokeh, and 
 while afloat in transitu in the ports of said cities ; subject to the 
 following conditions of co-insurance and exceptions named be- 
 low: 
 
 (N. Y. Standard Co-Insurance Clause for Limited Floating 
 Policy. See Form No. 2.)— This policy does not cover in whole or 
 in part, any specific parcel of goods included in the terms of this 
 policy, or such goods in any specified building or buildings, place 
 or places, within the limits of this insurance, which shall at the 
 time of any fire be insured in this or any other office. 
 
 This policy does not cover in whole or in part, goods on 
 which at the time of any fire there may be any marine, inland or 
 transportation insurance. 
 
 This policy does not cover in the building or premises of the 
 New York Central & Hudson River Railroad Co., at St. John's 
 Park nor in the Central Terminal Stores at 27th and 28th Streets, 
 Eleventh Avenue and North River; nor on the piers or in the 
 buildings or premises of the New York Central & Hudson River 
 Railroad Co., between 27th and 33d Streets, and between 62d and 
 68th Streets, New York City, nor on the piers or in the buildings 
 or premises of the New York, Lake Erie & Western Railroad, the 
 Central Railroad of New Jersey, the Lehigh Valley Railroad, the 
 Delaware, Lack aw anna & Western Railroad, and the Pennsylvania 
 Railroad, in Jersey City and Hoboken, New Jersey ; nor on Black 
 Tom Island; nor in any tobacco inspection or other tobacco 
 warehouse ; nor in any grain elevator or elevator store or graded 
 grain store ; nor in any furniture storage store ; nor in any build- 
 ing occupied wholly or in part by the assured. 
 
 Other insurance permitted without notice until required. 
 
 No. 5.— BROAD EXCESS FLOATER, EXCLUDING 
 COTTON. 
 
 On merchandise consisting principally of excluding 
 
 cotton and other vegetable fibre and petroleum and its liquid 
 products, the property of the assured or held by the assured in 
 trust, or on commission, or on joint account with others, or sold 
 but not delivered, while contained in all or any of the brick, stone 
 
FORMS. 
 
 or frame warehouses, storage stores and sheds, and while In 
 transitu in all or on any of the streets, yards, wharves, piers and 
 bulkheads, and also while in cars on tracks (excepting in grain 
 elevators) in New York, Brooklyn, Jersey City, Hoboken and 
 Weehawken and on Staten Island and Black Tom Island, and 
 while afloat in transitu in the Ports of said cities ; subject to the 
 following conditions of co-insurance and exceptions named be- 
 low: 
 
 (N. Y. Standard Co-Insurance Clause for Excess Floating 
 Policy. See Form No. 1.)— This policy does not cover in the 
 building or premises of the New York Central & Hudson River 
 Railroad Co., at St. John's Park, in New York City ; nor in Amer- 
 ican Dock Stores, Staten Island, or on the piers in front of said 
 stores; nor in any grain elevator or elevator store or graded 
 grain store ; nor in any furniture storage store ; nor in any build- 
 ing occupied wholly or in part by the assured. 
 
 This policy does not cover in whole or in part, goods on which 
 at the time of any fire there may be any marine, inland or trans- 
 portation insurance. 
 
 Other insurance permitted without notice until required. 
 
 No. 6.— BROAD LIMITED FLOATER, EXCLUDING 
 COTTON. 
 
 On merchandise consisting principally of excluding 
 
 cotton and other vegetable fibre and petroleum and its liquid 
 products, the property of the assured or held by the assured in 
 trust, or on commission, or on Joint account with others, or sold 
 but not delivered, while contained in all or any of the brick, stone 
 or frame warehouses, storage stores and sheds, and while in 
 transitu in or on any of the streets, yards, wharves, piers and 
 bulkheads, and also while in cars on tracks (excepting in grain 
 elevators) in New York, Brooklyn, Jersey City, Hoboken and 
 Weehawken and on Staten Island and Black Tom Island, and 
 while afloat in transitu in the Ports of said cities ; subject to the 
 following conditions of co-insurance and exceptions named be- 
 low: 
 
 (N. Y. Standard Co-Insurance Clause for Limited Floating 
 Policy. See Form No. 2.)— This policy does not cover in whole or 
 in part, any specific parcel of goods included in the terms of this 
 policy, or such goods in any specified building or buildings, place 
 or places, within the limits of this insurance, which shall at the 
 time of any fire be insured in this or any other office. 
 
 This policy does not cover in whole or in part, goods on which 
 at the time of any fire there may be any marine, Inland or trans- 
 portation insurance. 
 
FORMS. 99 
 
 This policy does not cover in the building or premises of the 
 New York Central & Hudson River Railroad Co., at St. John's 
 Park, in New York City, nor in American Dock Stores, Staten 
 Island, or on the piers in front of said stores ; nor in any grain 
 elevator or elevator store or graded grain store ; nor in any fur- 
 niture storage store ; nor in any building occupied wholly or in 
 part by the assured. 
 
 Other insurance permitted without notice until required. 
 
 No. 7-— BROAD EXCESS COTTON FLOATER. 
 
 On cotton and other vegetable fibre, the property, of the as- 
 sured or held by the assured in trust or on commission or on 
 joint account with others or sold but not delivered, while con- 
 tained in any or all of the brick, stone or frame warehouses, stor- 
 age stores and sheds, and while in transitu in or on any of the 
 streets, yards, wharves, piers and bulkheads, and also while in 
 cars on tracks (excepting in grain elevators) in New York, Brook- 
 lyn, Jersey City, Hoboken and Weehawken, and on Staten Island 
 and Black Tom Island, and while afloat in transitu in the ports 
 of said cities ; subject to the following conditions of co-insurance 
 and exceptions named below : 
 
 (N. Y. Standard Co-Insurance Clause for Excess Floating 
 Policy. See Form No. 1.)— This policy does not cover in the 
 building or premises of the New York Central and Hudson River 
 Railroad Co., at St. John's Park, in New York City; nor in Ameri- 
 can Dock Stores, Staten Island, or on the piers in front of said 
 stores; nor in any grain elevator or elevator store or graded 
 grain store; nor in any furniture storage store; nor in any 
 building occupied wholly or in part by the assured. 
 
 This policy does not cover in whole or in part, goods on which 
 at the time of any fire there may be any marine, inland or trans- 
 portation insurance. 
 
 Other insurance permitted without notice until required. 
 
 No. 8.— BROAD LIMITED COTTON FLOATER. 
 
 On cotton and other vegetable fibre, the property of the 
 assured or held by the assured in trust or on commission or on 
 joint account with others or sold but not delivered, while con- 
 tained in any or all of the brick, stone or frame warehouses, 
 storage stores and sheds, and while in transitu in or on any of 
 the streets, yards, wharves, piers and bulkheads, and also while 
 in cars on tracks (excepting in grain elevators) in New York, 
 Brooklyn, Jersey City, Hoboken and Weehawken, and on Staten 
 Island and Black Tom Island, and while afloat in transitu in the 
 
FORMS. 100 
 
 ports of said cities; subject to the following conditions of co- 
 insurance and exceptions named below : 
 
 (N. Y. Standard Co-Insurance Clause for Limited Floating 
 Policy. See Form No. 2.)— This policy does not cover in whole or 
 In part, any specific parcel of goods included in the terms of this 
 policy, or such goods in any specified building or buildings, place 
 or places, within the limits of this insurance, which shall at the 
 time of any fire be insured in this or any other office. 
 
 This policy does not cover in whole or in part, goods on which 
 at the time of any fire there may be any marine, inland or trans- 
 portation insurance. 
 
 This policy does not cover in the building or premises of the 
 New York Central & Hudson River Railroad Co., at St. John's 
 Park, in New York City; nor In American Dock Stores, Staten 
 Island, or on the piers in front of said stores ; nor in any grain 
 elevator or elevator store or graded grain store ; nor in any 
 furniture storage store ; nor in any building occupied wholly or 
 In part by the assured. 
 
 Other insurance permitted without notice until required. 
 
 GRADED GRAIN CLAUSE FORM. 
 
 On graded grain the property of the Assured, or held by 
 
 In trust or on commission, or sold and not delivered, while con- 
 tained In the grain store system of the Brooklyn Wharf & Ware- 
 house Company, situate In the Borough of Brooklyn, New York 
 City. 
 
 Subject to the conditions of graded grain clause below. 
 
 It is understood and agreed, that this policy is subject to the 
 conditions of the following warehouse receipt : 
 
 "All warehouse receipts for graded grain which shall represent 
 the grain as stored in a system of two or more warehouses, shall 
 not be deemed regular unless the following condition Is Incorpo- 
 rated in the receipt. 
 
 In case of loss or damage by fire, so much of the said grain as 
 shall bear a like proportion to this receipt, as the lost or 
 damaged grain of same grade, shall bear to all grain of like 
 grade in this system of warehouses at the date of said disaster 
 shall be adjudged lost or damaged, and the obligation to deliver 
 it under this receipt, except as salvage, cancelled." 
 
 It is also understood that In case of loss under this policy, this 
 Company shall be liable only for such proportion of the whole 
 loss as the amount of this insurance bears to the cash value at 
 the time of the fire of the whole property to which this policy 
 applies, but not exceeding the proportion which this policy bears 
 to the whole amount of insurance thereon. 
 
FORMS. 101 
 
 Tt is further understood that what is known as identity pre- 
 served grain, is not covered by this policy. 
 
 Other insurance permitted without notice until required. 6-30-99. 
 
 MANUFACTURING FLOATER FORM. 
 
 No manufacturing floaters can be written except under the 
 exact form given below and at the rate 4.00. 
 
 Members may not change the form in any way even by charg- 
 ing a higher rate. 
 
 On 
 
 and on Goods and Materials for making same, finished and unfin- 
 ished, the property of the assured or held by the assured in trust 
 while in possession of other parties to be made up, and while con- 
 tained in any building in excepting any place or 
 
 building used for a prison or penal institution, and excepting in 
 any building occupied in whole or in part by the assured. 
 
 This policy does not apply to or cover in any premises where 
 the above goods or materials are sent for the purpose of being 
 cleaned, sponged, dyed, shrunk or refinished; nor while in any 
 express office or depot, nor while in charge of any express or rail- 
 road company or other common carrier. 
 
 It is further expressly understood and agreed that this insur- 
 ance shall not cover on any lot or parcel of goods which shall be 
 more specifically or definitely located or described in any other 
 insurance in this Company, or in any other Company or Associa- 
 tion, excepting on the excess of value of such property over and 
 above such specific insurance, and this Company shall only be 
 liable on such specifically insured property for its share of such 
 loss, after all such specific insurance is exhausted. 
 
 Also that wherever this insurance may cover, not more than 
 
 § (10 per cent, of the face of the policy) shall apply or cover 
 
 in any one building, and in no event shall this Company be liable 
 for any greater proportion of any loss than the amount insured 
 bears to the actual cash value of all the property covered by this 
 policy. 
 
 Other insurance permitted without notice until required. 
 
 If a Manufacturing Floater is written to cover in any portion of 
 the territory under the jurisdiction of this Exchange, such Floater 
 must conform strictly to above form, and the limit of cover thereof 
 shall be 10% of the face of the policy, and any change in such form 
 or limit will be considered a violation. A. C. 9-14-01. 
 
 PAWNBROKERS' FORM. 
 
 The following form for Pawnbrokers must be used whether 
 risks are rated specifically or by card or under minimums. 4-20-OOt 
 
POEMS. 102 
 
 $ On the Right and Interest of the assured In the articles and 
 
 stock of merchandise, hazardous and extra hazardous 
 (merchandise in fire proof safes excepted), held In trust op 
 In pledge by said assured as pawnbrokers, Including in- 
 terest accrued thereon as allowed by law. 
 
 $ On the Right and Interest of the assured in the articles 
 
 and stock of merchandise, hazardous and extra hazardous, 
 in fire proof safes only, held in trust or in pledge by said 
 assured as pawnbrokers, including interest accrued thereon 
 as allowed by law. 
 $. . . .On merchandise hazardous and extra hazardous the property 
 
 solely of said assured all contained in the 
 
 building, privileged to be occupied as 
 
 situate 
 
 This insurance does not protect the interest of parties whose 
 goods are pledged to the assured ; nor does It cover the excess of 
 the amount loaned, with its lawful accrued interest, upon any 
 article above the sound value of the same at the time of any 
 fire. 3-15-00. 
 
 POLICY FORM OUTSIDE DRY GOODS DISTRICT. 
 
 All policies on stocks governed by General Minimum Rates 
 must describe the same in the form as follows : 
 
 " On stock of merchandise consisting principally of 
 
 (naming stock)." 
 
 In policy forms on risks outside the Dry Goods District, if any 
 reference is made In the policy form to the Class of Hazards, on 
 merchandise governed by general minimum rates (except listed 
 storage stores), the minimum rates on such merchandise shall be 
 1.50. 
 
 Whenever, under the terms of the above rule, any of the words, 
 not hazardous, hazardous, extra hazardous or specially hazardous are 
 used, even when the principal stock is named under the General 
 Minimum rates, the rate must be 1.50, unless there is an occupant 
 or a specific rate In the building to make the rate higher, in which 
 case the higher rate shall prevail. 
 
 The addition of the words "and on any and all merchandise,' ' 
 or of "and other merchandise hazardous and extra hazardous," 
 or of any similar phrase enlarging the application of forms covering 
 on stocks governed by General Minimums, outside of Dry Goods 
 District, is a violation. R. C. 4-5-00. 
 
 Policy Form Outside Dry Goods District must not be used in 
 writing contents of coal pockets, contents of coal yards, contents 
 of lumber yards, or contents of building materials yards. 9-11-01. 
 
REQUIREMENTS IN CORRECTION OF 
 DEFICIENCIES. 
 
 The requirements which follow are not rules of the Exchange, 
 but working rules for Manager's office, liable to change as new 
 conditions may rise, and inserted in this Hand Book as a matter 
 of convenient reference to save Members the necessity of con- 
 stantly enquiring how improvements may be effected. 
 
 Where deficiencies are charged for in a risk rated by any other 
 than Mercantile Schedule a reduction of such charges may be 
 allowed if the deficiencies are remedied in accordance with the fol- 
 lowing requirements. 
 
 When an inspection is made unnecessarily, by reason of being 
 asked for before premises are ready, or before improvements are 
 completed, a charge of $1.00 for such unnecessary inspection will 
 be made, and another inspection of the risk will not be made 
 within two months unless any charges standing against such 
 risk for unnecessary inspections shall have been paid. It. C. 9-24-00. 
 
 Ashes. — Must be cared for in metal cans. 
 
 Blower System. — Must be provided with metal conduits con- 
 necting each machine with shavings vault, such conduits passing 
 to the outside of building at each floor. 
 
 Boilers.— Must be outside of building, or if located in extensions 
 must be cut off by standard fire door. In wood-working estab- 
 lishments a door must be provided at each side of the communi- 
 cating opening. 
 
 Buckets.— There must be two buckets of at least 10 quarts 
 capacity on each floor, including basements, for each 1,000 square 
 feet of floor area, same placed on permanent shelves, hooks or 
 racks elevated not less than 2 feet nor more than 43^ feet above 
 the floor. Buckets to be painted red and marked "Fire" with 
 letters not less than 2% inches in height, to be kept full of clean 
 water and inspected once a week. Wooden buckets will not be 
 accepted. 
 
 In rendering establishments, paint, oil, and varnish stocks, 
 or any other place where inflammable liquids form part of the 
 
 103 
 
REQUIREMENTS IN CORRECTION OF DEFICIENCIES. 104 
 
 stock, one-half of the number of buckets to be filled with sand 
 instead of water. 
 
 If water in buckets is likely to freeze in cold weather, enough 
 salt to be mixed therewith to prevent freezing. 
 
 Ceilings or Side Walls.— Must not be made of paper or cloth or 
 wood. 
 
 Communications.— Must be provided with standard fire doors 
 at each side of the Trail constructed and installed in accordance 
 with rules of the New York Board of Fire Underwriters. 
 
 Condition.— Premises must be cleaned up and kept clean. 
 Stove pipe holes must be closed up. Sawdust must not be used 
 in spittoons or for catching oil or drippings. Broken plastering 
 must be repaired. 
 
 Drying.— Drying rooms must be constructed in accordance 
 with the requirements of the New York Board of Fire Under- 
 writers. 
 
 Fire Heat.— Glue must be heated by steam. Melting of pitch, 
 rosin, wax, paraffine, sulphur, etc., must be by a safe method. 
 Soldering irons must be heated by stationary gas mufflers. All 
 low gas stoves shall be placed on iron stands or the burners shall 
 be at least 6 inches above the base of the stoves and a metal 
 guard placed 4 inches below the burners, and all woodwork under 
 them shall be covered by metal. Connections must be made by 
 iron piping ; rubber tubing must not be used. 
 
 Floes.— Chimneys must be built of brick and rest on the ground. 
 Stove pipes must run horizontally into the chimney. Stove pipes 
 must not run through floors or partitions. 
 
 Floor Openings.— Openings for stairways, elevators, dummies, 
 etc., must be closed or enclosed so as to prevent the spread of fire 
 from floor to floor. Dumb waiter shafts open in the basement 
 must be provided with the same kind of doors as floors above. 
 Hatches with automatic attachments must be arranged to close 
 the shaft even when the car cable is down, with not over 2 square 
 inches of uncovered opening. 
 
 Gas Brackets.— Open gas lights in show windows must be pro- 
 tected by globes. Swinging gas brackets must be made station- 
 ary or proper guards must be provided for same. Metal must be 
 put on ceiling over all gas jets less than three feet below same. 
 
 Heating.— Steam heat must be substituted for stoves or 
 furnaces to secure removal of charge for latter. 
 
 Lighting.— Gas or electric lamps must be substituted for oil 
 lamps. 
 
 Oily Waste, or Rags.— Must be cared for in self-closing metal 
 cans. 
 
REQUIREMENTS IN CORRECTION OP DEFICIENCIES. 105 
 
 Packing Materials.— For loose packing material wherever used a 
 covered bin must be provided, not larger than 4x4x4 feet (64 cubic 
 feet) lined with heavy tin extending well over edges of the 
 same, joints locked and tin nailed under joints in the same man- 
 ner that the covering is applied to standard fire doors. Cover 
 must have substantial fastenings and fit closely. 
 
 Shavings Vault.— Must be of brick, ventilated, and located out- 
 side of building. If adjoining boiler-house the opening to boiler- 
 room must be at right angles to fire-hole of boiler and not nearer 
 thereto than six feet; such opening to be protected with standard 
 fire door. 
 
 Shutters.— All openings (windows, etc.) in exterior walls, ex- 
 cepting those on street front, must be provided with fire shutters 
 or doors constructed and attached in accordance with rules of 
 the New York Board of Fire Underwriters. 
 
 Skylights.— Must be of rough glass % inch thick (wire glass pre- 
 ferred) supported in substantial metal frame, but when over ele- 
 vator shafts, thin glass in metal frame with wire mesh over 
 should be used. 
 
 Storage of Oils, Etc.— All oils, varnishes, turpentine, alcohol and 
 similar articles must be stored outside of buildings. 
 
 Unsafe Heating Apparatus.— Flues, stoves, furnaces, steam pipes, 
 etc., reported unsafe by the New York Board of Fire Underwriters 
 must be corrected in accordance with specifications of the Heating 
 Department of that Board, which will be furnished on application 
 to the Board, and which must be signed and returned when fully 
 complied with. 
 
 Watchman and Clock. — Watchman must be maintained nights, 
 Sundays and holidays, or all the time when property is idle. 
 Watchman must patrol the property, making records once each 
 hour on an approved watch clock, records to be dated and pre- 
 served in good order for examination by inspectors. 
 
 Watchman's Lantern.— Must be of protected tubular make, and 
 only signal or sperm oil shall be used therein. 
 
EXCHANGE RATES AS RESTORED 
 JANUARY 10th, 1900. 
 
 1. All rates as they appeared on cards in cabinets at time of 
 suspension of the late Tariff Association, are re-adopted, and gen- 
 eral reductions of 30 per cent, or 10 per cent, thereon are with- 
 drawn. (Allowances for Sole Occupancy, if any ; Automatic Fire 
 Alarm, if any ; One Hundred Per Cent. Average, if any ; and Auto- 
 matic Sprinklers, if any ; from the original card rates are still in 
 order). 
 
 2. All rates published since March 8, 1899, on cards bearing 
 the words "Net Exchange Rates" and based on a reduction of 
 30 per cent, from original card rates are advanced by adding 
 thereto three-sevenths (3/7) of their present amount. 
 
 3. All rates published since March 8, 1899, on cards bearing the 
 words " Net Exchange Rates " and based on a reduction of 10 per 
 cent, from original card rates are advanced by adding thereto 
 one-ninth (1/9) of their present amount. 
 
 4. The rates on Listed Storage Stores shall be as follows, sub- 
 ject only to reduction for Automatic Fire Alarm Clause : 
 
 Building. Contents. 
 
 Cotton 1.25 1.25 
 
 Fibre, (other than cotton) 1.75 1.75 
 
 5. All General Minimum Rates, including floaters, stand as 
 printed in Hand Book subject to no deduction. 
 
 6. Rates on (1) Dwellings, (2) Stores and Dwellings, and (3) 
 Private Stables, stand as printed in Hand Book. 
 
 7. Stocks and contents (other than household furniture) in 
 Stores and Dwellings, warranted for dwellings exclusively above 
 grade floor, take General Minimum Rates without any reduction. 
 
 8. Rates for Buildings in Course of Construction and charges 
 for Builders Risk are to be treated as General Minimum Rates 
 and not advanced. 
 
 9. Buildings specifically rated by cards in cabinet as in Process 
 
 106 
 
EXCHANGE RATES AS RESTORED. 107 
 
 of Construction need not have three-sevenths (3/7) or one-ninth 
 (1/9) added to the rate. 
 
 10. The Manager is authorized, with the concurrence and 
 approval of the Committee on Rates, to rate new risks, or fix 
 rate due to changes of occupancy or hazard, by the same sched- 
 ules heretofore used by the late Tariff Association, and until new 
 schedules shall be agreed upon. 
 
 Where an advance of one-ninth is asked for instead of three- 
 sevenths on "Net Exchange Rates" covering fire-proof buildings 
 or contents thereof, such advance must not be allowed at the 
 counter, but the risk may be bound subject to rate, and such rate 
 must at once be applied for to the Manager. This is rendered 
 necessary by the fact that in rating fire-proof buildings the floors 
 are treated separately, and there is nothing on cards in cabinets 
 to indicate whether the reduction made in arriving at Net 
 Exchange Rate on a particular floor was 10 per cent, or 30 per 
 cent. A. C. 2-21-00. 
 
 Where a premium calculated at proper tariff rate results in a 
 fractional part of a cent, if such fraction is less than % cent it shall 
 be dropped from the premium, but if equal to or exceeding 3^ cent a 
 full cent shall be added to the premium. A. C. 2-21-00. 
 
 When an allowance under the rules for approved improve- 
 ments is claimed in the case of policies issued at Exchange rates 
 before Jan. 10, 1900, such allowance may be made upon the basis 
 of the net rate at which the policies were issued. A. C. 2-21-00. 
 
 In case of an increase of rate under a policy issued at Exchange 
 rate before Jan. 10, 1900, such increase shall be added to the net 
 rate at which such policy was issued. A. C. 3-1-00. 
 
 The warranty for dwelling occupation required upon policies cov- 
 ering on or in buildings occupied as dwellings, flats, tenements, or 
 as stores below with exclusively dwellings above, must be given 
 in words of warranty and not in words of agreement. A clause 
 reading "It is understood and agreed that the above described 
 buildings is occupied exclusively for dwelling purposes" is a vio- 
 lation. A. C. 4-17-00. 
 
 Where a card is marked "Net Exchange Rates" and the rate 
 named on such card includes an allowance for sole occupancy the 
 addition of three-sevenths or one-ninth to that rate will not pro- 
 duce the correct (restored) rate, and application must be made to 
 the Manager in order that the correct rate may be printed with 
 sole occupancy properly allowed for. 5-14-00. (7-20-01.) 
 
 The Dwelling Warranty reads as follows : 
 
 "Warranted by the assured that the within described building 
 is occupied exclusively for dwelling purposes by not more than 
 two families." 
 
EXCHANGE RATES AS RESTORED. 108 
 
 The Flat House Warranty reads as follows:— "Warranted by 
 the assured that the within described building is occupied exclu- 
 sively for dwelling purposes." 
 
 The presence of boarders in a dwelling warranted as such does 
 not remove such risk from the dwelling-house class. 6-3-02. 
 
 EXCHANGE RATES IN NEW JERSEY TERRITORY. 
 
 Beginning July 2d, 1900, all card and minimum rates covering 
 risks located in New Jersey are advanced 33 1/3 per cent, and 
 policies must be written accordingly. If a Co-Insurance Clause is 
 attached to policies the advanced rates shall be subject to a re- 
 duction of 25 per cent, for the 80 per cent. Co-Insurance Clause, 
 and of 323^ per cent, for the Full Co-Insurance Clause. Such 
 advance does not apply to rates covering Household Furniture 
 in Use in Living Apartments, and rates on such Household Furni- 
 ture shall not be subject to the deductions named for Co- 
 Insurance. 
 
 The deduction for Full Co-Insurance on floating policies, 
 policies covering in two or more buildings not communicating, 
 contents of public or private storage stores, and grain elevators, 
 merchandise on or contents of piers, rents, and manufacturing 
 jewelers' stocks in fire-proof safes, shall be the same as for 80 per 
 cent. Co-Insurance, viz., 25 per cent. R. C. 6-25-00. 
 
 "Wherever in the ratings, rules and rulings of this Exchange 
 the words "80 per cent, co-insurance" occur the words "80 per 
 cent, average" are hereby substituted, and wherever the words 
 "full co-insurance" occur the words "one hundred per cent, 
 average" are hereby substituted therefor, except where such 
 ratings, rules and rulings apply to risks situate in New Jersey, or to 
 Floater Forms Nos. 1 to 8 or risks insured thereunder." 3-13-02. 
 
GENERAL MINIMUM RATES. 
 
 AS REVISED APRIL 30th, 1902. 
 
 These General Minimum Rates apply throughout the entire 
 Area of Operation of the Exchange except New York Dry Goods 
 District, and except where superseded by specific rates. 
 
 All merchandise stocks and other risks mentioned under this 
 head must be written at a rate not less than the minimum 
 stated. 
 
 Where a stock consists of various hazards the minimum apply- 
 ing to the greatest portion of the stock shall prevail. 
 
 Where a dagger (f) is prefixed a deduction of 5 cents is allow- 
 able for sole occupancy. 
 
 The star (*) prefixed to certain stocks concerns the computa- 
 tion of the building rate. This star must not be confounded with 
 the star in Classes of Hazards as issued by the New York Board 
 of Fire Underwriters. 
 
 Minimum rates do not affect other contents of lesser hazard 
 unless the minimum so specifies. 
 
 All buildings in entire Metropolitan District not rated by gen- 
 eral minimum or specific rate, contents of same being rated 
 (whether by specific rate, minimum, Class of Hazards, or Dry 
 Goods District), are rated as follows: Brick buildings, 40% of 
 highest contents rate; but in risks written under general mini- 
 mum stocks marked in the list of general minimums with a star 
 shall not operate to rate the building containing them higher 
 than 24 cents. No building under this rule shall rate below 20 
 cents. For frame buildings, see page 110. 5-29-95. 
 
 Where in the list of minimums a special minimum rate is men- 
 tioned for building (as in the case of hospitals, schools, lodging 
 houses, etc.), the same applies only to brick buildings, and, unless 
 otherwise specified, frame or brick and frame buildings in such 
 cases take the same rate as contents. 5-29-95. 
 
 Minimum Rates for contents of frame, or of brick and frame, 
 buildings, occupied for mercantile or manufacturing purposes, 
 
 109 
 
GENERAL MINIMUM RATES. 110 
 
 shall be increased 25 per cent, over the rates for similar contents 
 in brick buildings, except where the minimum given in Hand 
 Book is specifically stated to apply to contents of a frame, or 
 brick and frame, building. 
 
 The rates on frame, and brick and frame, buildings, occupied 
 for mercantile or manufacturing purposes, and on household furni- 
 ture therein, shall be the same as the lowest minimum rated con- 
 tents thereof , except where the building is occupied in part by any 
 of the following, in which case they (meaning building and house- 
 hold furniture) shall take the rate of the highest rated contents, 
 viz.: 
 
 Bakeries, other than retail, 
 
 Furniture Stores, 
 
 Hay and Straw Dealers, 
 
 Junk Stores, 
 
 Oil and Petroleum Stores, 
 
 Oiled Clothing Stores, 
 
 Painters' Supply Stores and/or Painters other than that of 
 jobbing Painter not keeping supplies, 
 
 Photograph Galleries, 
 
 Printers, 
 
 Rags, Waste and Paper Stock Dealers, 
 
 Upholsterers, and/or Mattress Makers, 
 
 Woodworkers. 
 
 Contents (other than household furniture) of frame, or brick 
 and frame, stores and dwellings, must be advanced 25% over the 
 General Minimum Rates named in Hand Book. 
 
 Brick buildings occupied solely as Raines Law Hotels are sub- 
 ject to the minimum rate of 24 cents per annum, or 60 cents for 
 three years. R. C. 5-6-01. 
 
 Where defects of heating, electrical or other apparatus in mini- 
 mum rated risks are reported by the New York Board of Fire 
 Underwriters, a specific rate based upon the addition to the mini- 
 mum rate of at least 33% per cent, shall be made therefor ; such 
 specific rate to stand until a Certificate from the Board that such 
 defects have been corrected is presented to the Manager, when 
 such rate may be withdrawn. 1-12-01. 
 
 When charges for Unsafe Heating Apparatus originate with 
 the New York Board, the rate card in cabinet covers a reference 
 to the Board Slip reporting the risk and in such case the Board 
 must be consulted as to how to remedy the faulty conditions. 
 Where no reference is made on the card to the Board Slip, the 
 charge originates with the Exchange and this office should be con- 
 sulted as to a remedy. 6-16-02. 
 
GENERAL MINIMUM RATES. Ill 
 
 Academies. Building 25 
 
 Contents 40 
 
 fAcids— nitric, muriatic, and sulphuric 1 00 
 
 fAgents* Stocks, shipping, No fibre 75 
 
 With fibre 1 50 
 
 fAgricultural Implements, excluding seeds 60 
 
 fAlcohol 1 00 
 
 f Aniline dyes 75 
 
 Animals (Pet) and Birds 2 00 
 
 -f Antimony 25 
 
 Antimony if written specific and with 100 per cent. Average 
 Clause as follows : 
 
 In Private Storage Stores 25 
 
 In fibre stores 30 per cent, discount from established storage 
 
 rates. 
 On piers, 30 per cent, discount from contents rate of pier. 
 When Antimony is contained in non-fibre listed storage 
 stores it shall be written at proper addition to Base Rate 
 of charge named therefor in the Alphabetical List. 
 
 f Apothecary 75 
 
 Armories. Building 40 
 
 Contents 75 
 
 *f Art Goods and Pictures 1 25 
 
 ♦fArtificial Flowers 1 50 
 
 fArtificial Limbs, Trusses 1 00 
 
 f Artists' and Photo. Supplies 1 25 
 
 Artists' Studios, except in buildings occupied solely as 
 
 dwellings 1 25 
 
 All contents of a studio must be written at the studio rate. 
 Household furniture in studios may not be written at a 
 lower rate 
 
 Asylums. Building 25 
 
 Contents 40 
 
 fAuction Goods, general 1 25 
 
 fAuction Goods, package 75 
 
 Automobiles and/ or Similar vehicles propelled by the use of 
 gasolene, naphtha, or other volatile hydro-carbon oils 
 Privilege to keep may be granted as follows, subject to 
 the charges named. 
 Privilege to keep not exceeding one such vehicle in a private 
 stable with warranty to keep gasolene and fill tanks in 
 accordance with the requirements of the New York Board 
 
 of Fire Underwriters 10c. per $100. 
 
 Privilege to keep not exceeding three such vehicles in a private 
 
GENERAL MINIMUM RATES. 112 
 
 stable or in a building not occupied for mercantile or man- 
 ufacturing purposes, with warranty to keep gasolene and 
 fill tanks in accordance with the requirements of the New 
 
 York Board of Fire Underwriters 25c. per $100. 
 
 Each vehicle in excess of three, with warranty as above, 
 five cents additional not exceeding a total charge 
 
 of $1.00 per $100. 
 
 Privilege to house not exceeding one such vehicle in a build- 
 ing occupied for mercantile or manufacturing purposes, 
 with warranty that no filling of tanks or storage of 
 
 gasolene shall be allowed on the premises 25c. per $100. 
 
 The above charges are annual charges and must be increased 
 
 on term policies in the same ratio as other term rates. 
 Privilege to house such vehicles with warranty that no 
 filling of tanks or storage of gasolene other than what 
 may be contained in the fuel tanks of the vehicles them- 
 selves, may be granted on policies covering in private 
 stables, or in buildings not occupied for mercantile or 
 manufacturing purposes, at one-half the charges provided 
 for above. 
 Privilege to keep automobiles in a livery stable is subject to 
 charges required above "in a building not occupied for 
 mercantile or manufacturing purposes." 
 
 f Awnings or Flags 75 
 
 fBags and Trunks 75 
 
 f Bakeries, retail 75 
 
 Bakeries, Steam, Bread or Pie 1 25 
 
 Bakeries, Steam, Cracker 1 75 
 
 Banks— see Offices. 
 
 fBarbers or Hair Dressers 75 
 
 fBarbers' Supplies 1 00 
 
 f Baskets 1 25 
 
 Baths— see Floating Baths. 
 
 fBedding, without feather steaming 1 50 
 
 fBeer and Liquor Saloons 60 
 
 fBelting and Hose, rubber exclusively 50 
 
 fBicycles and Bicycle Supplies 75 
 
 f Billiard Rooms 50 
 
 Birds and Pet Animals 2 00 
 
 Blacksmiths or Horseshoers— see "Horseshoers or Black- 
 smiths." 
 
 Blank Book Factories, Machinery 1 00 
 
 Other Contents 1 50 
 
GENERAL MINIMUM EATES. 113 
 
 fBlinds, Doors or Sashes 1 00 
 
 fBlockTin 25 
 
 Block Tin if written specific and with 100 per cent. Average 
 Clause as follows : 
 
 In private Storage Stores 25 
 
 In fibre stores, 30 per cent, discount from established storage 
 
 rates. 
 On piers, 30 per cent, discount from contents rate of pier. 
 When Block Tin is contained in non-fibre listed storage stores 
 it shall be written at proper addition to Base Rate of 
 charge named therefor in the Alphabetical List. 
 
 Blowers, ornamental glass 1 50 
 
 Boathouses, Building and Contents 3 00 
 
 fBone and Ivory Goods 75 
 
 Bookbinders— Machinery 1 00 
 
 Other Contents 1 50 
 
 fBooks, general stock, sales, publishers and stationers 75 
 
 ♦fBooks, religious, with religious ornaments 1 00 
 
 fBoots and Shoes 50 
 
 Bottling 75 
 
 fBowling Alleys 75 
 
 fBrass in Pigs 25 
 
 Brass in Pigs— if written specific and with 100 per cent. 
 
 Average Clause as follows : 
 In Private Storage Stores, 25 cents. 
 In fibre stores, 30 per cent, discount from established storage 
 
 rates. 
 On piers, 30 per cent, discount from contents rate of pier. 
 When Brass in Pigs is contained in non-fibre listed storage 
 stores it shall be written at proper addition to Base Rate 
 of charge named therefor in the Alphabetical List. 
 
 fBrass— sheet, bar or rod 40 
 
 fBrass Goods, in packages 50 
 
 fBrass Goods, open 75 
 
 Bread and Pie Bakeries, Steam 1 25 
 
 Breweries, frame, Building 1 25 
 
 Contents 1 25 
 
 Brick building 75 
 
 Contents 1 00 
 
 Breweries, Storage, Cooling, or Ice Houses of same when 
 entirely cut off : 
 
 Contents 60 
 
 Buildings 40 
 
 Brewers' Floaters (see Floating Policies). 
 
GENERAL MINIMUM RATES. 114 
 
 fBrewers' Supplies 75 
 
 f Bric-a-brac 1 25 
 
 fBritannia Ware 50 
 
 fBrokers' Samples, Cotton 1 50 
 
 f Bronzes 50 
 
 fBroom Corn 1 50 
 
 f Brushes 75 
 
 Building Materials— Cement, Hair, Lime, Lath, Brick, 
 
 Second-hand Lumber and Plaster 1 50 
 
 Buildings in course of construction, see page 48. 
 
 Buildings Unoccupied (not to include buildings in course of 
 
 construction or dwellings) 30 
 
 Bulkheads, next water front, unless specifically rated, 
 class same as piers or wharves, open or covered. 
 
 fButter 50 
 
 fButtons 75 
 
 fCabinet Makers' Supplies 75 
 
 f Cabinet Ware, sales only, no privilege for work 1 25 
 
 Privilege to varnish, oil and upholster 1 75 
 
 Candy Factories, steam power, Contents 2 00 
 
 Buildings 1 50 
 
 f-Candy and Confectionery stocks, retail (no mfg.) 60 
 
 *fCandy stocks— retail (manufacturing) 75 
 
 fCane Stocks 75 
 
 fCanned Goods only 75 
 
 fCaps or Hats 75 
 
 fCarpets, Oil Cloth, Matting or Linoleum 50 
 
 fCarriage Trimmings 75 
 
 Carriages, privilege to varnish and upholster 2 00 
 
 •{•Carriages and Sleighs 75 
 
 Car Stables (Horse) building and contents 1 50 
 
 f Caskets or Coffins (see Coffins or Caskets). 
 
 fCassimeres and Cloths 40 
 
 Cattle, live 75 
 
 fChamois Leather and Sponges 75 
 
 fChandlery, Ship 1 50 
 
 f Cheese 50 
 
 fChemicals and/ or Drugs. 
 
 See Drugs and/or Chemicals. 
 
 f China, Crockery and Glassware, in packages and open 1 00 
 
 *fChinese, J apanese and Oriental Goods 1 25 
 
 Churches, warranty to be heated by steam : 
 
 Brick: Building 40 
 
 Furniture 50 
 
GENERAL MINIMUM RATES. 115 
 
 Organ 75 
 
 Frame: Building 60 
 
 Furniture 60 
 
 Organ 1 00 
 
 If heated by furnaces or stoves, add 25 per cent. 
 (Exchange form must be used.) 
 
 *+Church ornaments 1 00 
 
 fCigars 75 
 
 agar Factories 1 50 
 
 Stock and fixtures in buildings occupied by tenants as 
 dwellings and for the manufacture of cigars, commonly 
 called tenement house cigar factories (see also page 54).. 75 
 
 Cigarette and Tobacco Factories 2 00 
 
 Cleaning and Dyeing 2 00 
 
 fClocks 50 
 
 fClothingand Cloaks 1 00 
 
 Clothing Floater— See Floating Policies. 
 
 Clothing Manufacturing — Buildings occupied for manufacture of 
 clothing and not specifically rated take the minimum rate 
 for " sweat shops," viz., 4.00 on brick and 5.00 on frame, and 
 they must be written at those rates unless specific rates are 
 asked for and made. 
 
 *fCloth Patterns 1 00 
 
 fCloths and Cassimeres 40 
 
 fCloths with Tailors' Trimmings 75 
 
 Club Houses. Building 25 
 
 Contents 40 
 
 Coal Pockets 1 50 
 
 Coal Trestle on a Pier— rate of Pier. 
 
 Coal Yards, Office, Stable and Sheds 1 50 
 
 fCoffee, Spices and Teas, wholesale or retail, including 
 
 sample stocks 60 
 
 fCoffms and Caskets 1 00 
 
 fCoflms and Caskets with warranty for no woodworking 
 
 or varnishing 60 
 
 Cold Storage Stores : 
 
 All contents, including machinery 1 00 
 
 Building 40 
 
 Cold Storage in Listed Storage Stores 60 
 
 Colleges. Building 25 
 
 Contents 40 
 
 Commissions and Profits, see page 54. 
 Common Carriers, see page 91. 
 *fConfectioners , Supplies 1 00 
 
GENERAL MINIMUM RATES. 116 
 
 *fConfectionery— other than retail candy stocks 1 00 
 
 (See Candy stocks— retail.) 
 
 Convents. Building 25 
 
 Contents 40 
 
 Cooperage (stocks only) 1 00 
 
 fCopper in Ingots, Cakes and Bars 25 
 
 Copper in Ingots, Cakes and Bars, if written specific and 
 
 with 100 per cent. Average Clause as follows : 
 In Private Storage Stores, 25 cents. 
 En fibre stores, 30 per cent, discount from established 
 
 storage rates. 
 On piers, 30 per cent, discount from contents rate of pier. 
 When Copper in Ingots is contained in non-fibre listed stor- 
 age stores it shall be written at proper addition to Base 
 Rate of charge named therefor in the Alphabetical List. 
 
 fCordage 75 
 
 fCork and Corkwood 75 
 
 Cornice Makers 1 00 
 
 fCorsets , 75 
 
 *fCostumes or Theatrical Goods 1 50 
 
 fCotton and Wool Yarns 50 
 
 fCotton Bats and Wadding 1 25 
 
 fCotton Brokers' Samples (exceeding 250 lbs.) 1 50 
 
 fCountry Produce 50 
 
 Covered Piers and Wharves (see Wharves and Piers). 
 
 Cracker Bakery, Steam 1 75 
 
 fCrockery, China and Glassware, in packages and open 1 00 
 
 Crude Rubber 25 
 
 Crude Rubber — if written specific and with 100 per cent. 
 
 Average Clause as follows: 
 In Private Storage Stores, 25 cents. 
 In fibre stores, 30 per cent, discount from established storage 
 
 rates. 
 On piers, 30 per cent, discount from contents rate of pier. 
 When Crude Rubber is contained in non-fibre listed storage 
 stores it shall be -written at proper addition to Base Rate 
 of charge named therefor in the Alphabetical List. 
 
 *fCurios 1 25 
 
 fCurled Hair 75 
 
 fCurtains, Laces and Embroideries 75 
 
 Custom Duties paid or to be paid to United States Govern- 
 ment on merchandise — same rate as stock. 
 
 fCutlery, Surgical Instruments and Optical Goods 1 00 
 
 *fDecorations and Paper Hangings 1 25 
 
GENERAL MINIMUM RATES. 11? 
 
 fDelicatessen 60 
 
 fDental Materials 75 
 
 Dentists' and/or Physicians' tools, materials and appara- 
 tus, when written specifically and when located in 
 dwellings or in buildings occupied as stores on the first 
 floor with exclusively dwellings above, and so war- 
 
 ronted in policy 50 
 
 Where the assured makes his home on the premises, dental 
 tools or physicians' implements may be written at same rate 
 as household furniture (no change in warranty for dwellings 
 or store with exclusively dwellings above being required), 
 but when such dentist or physician rents an oflice in a 
 building apart from his home such risk shall be considered 
 business occupancy, and written at the minimum named 
 above or at specific rate obtained from the Exchange. 
 Diamonds unset, covering specifically while in fire-proof 
 safes, 20 cents, subject to no deduction except 10 per 
 cent, for 100 per cent. Average Clause (applies to no 
 other precious stones). 
 
 f Dining Rooms 75 
 
 fDoors, Sash or Blinds 1 00 
 
 Dredges, steam 1 50 
 
 fDressmakers 80 
 
 Where dressmaking is carried on with not more than five 
 hands in living apartments of buildings otherwise occupied 
 exclusively as dwellings and/ or as stores with exclusively 
 dwellings above grade floors such limited occupancy shall 
 not affect the rate, providing there is no salesroom in con- 
 nection with the business named; and the usual com- 
 mission payable upon dwellings or stores with exclusively 
 dwellings above may be allowed upon policies covering 
 such limited occupancy. 
 
 fDress Trimmings 75 
 
 fDried Fruit 60 
 
 Druggists, retail. See Apothecaries 75 
 
 fDruggists' Sundries 1 00 
 
 fDrugs, dry 1 00 
 
 fDrugs and /or Chemicals, wholesale, with warranty that 
 fulminates of silver or mercury, ethers, sweet spirits of 
 nitre, nitro-benzole, methylic alcohol, bi-sulphide of 
 carbon, metallic potassium, metallic sodium, quicklime, 
 phosphorus, bi-chloride of tin, saltpetre, nitrate of 
 potash, nitrate of soda, nitrate of ammonia, chlorate 
 of potash, and other chlorates, shall not be stored on 
 
GENERAL MINIMUM RATES. 118 
 
 premises 1 50 
 
 With warranty that same are stored in vault under 
 
 sidewalk, cut off with approved doors 1 75 
 
 Without any warranty 2 50 
 
 fDry Colors, Paints and Varnishes 1 50 
 
 Dry Docks, structure and contents 1 00 
 
 fDry Drugs 1 00 
 
 fDry Goods 75 
 
 Dwellings (other than in Long Island City), with warranty 
 that building is occupied exclusively for dwelling purposes 
 by not more than two families. 
 Brick, Stone or Iron : 
 
 Building 10 
 
 Household Furniture 16 
 
 Frame or brick filled, or brick and stucco : 
 
 Building 16 
 
 Household Furniture 20 
 
 Flat Houses (other than Long Island City), with war- 
 ranty that building is occupied exclusively for dwelling 
 purposes. 
 
 Brick . 15 
 
 Household Furniture 20 
 
 Frame 20 
 
 Household Furniture 24 
 
 A Flat is denned as a building occupied by more than two 
 
 families. 
 Outbuildings and their contents on the same lot with 
 dwelling if written under the following form: 
 
 "On building, located on the same lot with dwelling. 
 
 Privilege to be occupied for storage of garden tools, 
 Implements, family supplies and household goods, the 
 property of the occupant of said dwelling." 
 Brick, Stone or Iron : 
 
 Building 20 
 
 Contents 26 
 
 Frame or brick filled : 
 
 Building 32 
 
 Contents 32 
 
 Dwellings with Stores on grade Floor and Basement; see 
 Stores and Dwellings. 
 
 Dyeing and Cleaning 2 00 
 
 Dyeing and Cleaning Receiving Stations, with warranty 
 
 that no dyeing or cleaning shall be done on the premises 75 
 fDyewoods and Dyestuffs 75 
 
GENERAL MINIMUM RATES. 119 
 
 fEggS 50 
 
 fElectric and Gas Fixtures 80 
 
 fElectrical supplies and apparatus, stocks of. 80 
 
 Elevators, Grain, (public) building and contents 2 50 
 
 fEmbroideries, Curtains and Laces 75 
 
 Envelope Factories : 
 
 Machinery 1 00 
 
 Stock 1 50 
 
 fEssential Oils 1 00 
 
 *fFeathers, Raw, except ostrich 1 50 
 
 Raw Ostrich 50 
 
 f Feed Stores, if warranted that hay and straw shall not be 
 
 kept on the premises 60 
 
 (If no warranty, take rate for " Hay and Straw " on page 123. ) 
 Farm Barns and/or Stables, must take the rate of "All other 
 stables " as given on page 131 of Hand Book, viz.: 
 
 Brick, contents 1 00 
 
 Brick and frame building and contents 1 25 
 
 Frame building and contents. 1 50 
 
 Ferry Boats, plying on regular ferries between the Cities of 
 New York, Brooklyn, Long Island City, Jersey City, 
 
 Hoboken, Weehawken and Staten Island 50 
 
 Ferry Houses 1 25 
 
 t Fertilizers 60 
 
 Fireworks. Privilege to keep fireworks must be charged 
 for additional to rate of original policy at the short 
 
 rate of 2 50 
 
 The minimum charge shall be that for a term of one month. 
 The 2.50 rate for fireworks privilege must be charged on 
 building as well as contents. Also no deduction may be made 
 from this rate for 100 per cent. Average Clause, sole occupancy, 
 automatic sprinklers or alarm. Also no charge less than 
 that for one month, viz., 50 cents, can be made. No charge 
 need be made for the sale of only fire-crackers or torpedoes, 
 but there must in such case be a stipulation that no fireworks 
 are to be kept or sold. 
 The charge of 50 cents per month for privilege to keep Fire- 
 works must be increased 25 per cent, when such privilege 
 is granted on policies covering in frame buildings. 
 
 fFish 50 
 
 fFishing and Fowling Tackle 75 
 
 Fixtures and Furniture rate same as contents and subject to 
 
 same deductions as contents policy. 
 fFlags or Awnings —..-. 75 
 
GENERAL MINIMUM RATES. 120 
 
 Flats, see Dwellings, etc. 
 
 Floating Baths, (public) building and contents 1 25 
 
 Floating Policies — (merchandise). 
 
 No. 1, Ordinary excess floater, excluding cotton 1 25 
 
 " 2, •* limited floater, excluding cotton 1 25 
 
 " 3, " excess cotton floater 2 50 
 
 " 4, " limited cotton floater 2 50 
 
 " 5, Broad excess floater, excluding cotton 2 50 
 
 " 6, " limited floater, excluding cotton 2 50 
 
 " 7, " excess cotton floater 2 50 
 
 " 8, " limited cotton floater 2 50 
 
 Automatic Fire Alarm Service, on wiring, thermostats, 
 
 connections, indicator boxes and all other property- 
 incidental to the Automatic Fire Alarm Service, includ- 
 ing cost of labor of installing the equipment, contained 
 in any building in the Boroughs of Manhattan and 
 Brooklyn, New York City. Liability limited to not 
 more than $500.00 in any one building. Rate 1.25. 
 Subject to Full Average Clause without 5 per cent, 
 waiver. 
 
 Brewery interest as owner or chattel mortgagee in 
 
 saloon furniture and fixtures while contained in build- 
 ings located within the territory of this Exchange 
 with 100 per cent. Average Clause and without the 5 
 percent, waiver 1 25 
 
 Clothing in process of manufacture in dwellings, or in 
 
 dwellings in buildings occupied as stores with war- 
 ranty for exclusively dwellings above the grade floor, 
 with 100 per cent. Average Clause, and without 5 per 
 cent, waiver 2 00 
 
 Household Furniture Floaters covering in dwellings 
 
 and/or Stores with exclusively dwellings above the 
 grade floor, and so warranted in policies (with 100 per 
 cent. Average Clause and without the 5 per cent, 
 waiver) 1 00 
 
 Housefurnishings, wall and ceiling decorations, wall 
 
 papers, and wall coverings, ladders, scaffolding, lum- 
 ber, painters' and decorators' supplies, and all tools, 
 implements and utensils used in the business of as- 
 sured as housefurnishers and decorators, all while 
 contained in any brick or frame building occupied 
 for dwelling purposes only, and so warranted In 
 policies, situate anywhere in the Borough of Man- 
 hattan, in the Borough of Brooklyn, in that portion 
 
GENERAL MINIMUM RATES. 121 
 
 of the Borough of Queens known as Long Island 
 City, and that portion of the Borough of the Bronx 
 west of the Bronx River, all in Greater New York, 
 and in that portion of Hudson County, New Jersey, 
 east of the Hackensack River (with 100 per cent. 
 Average and without the 5 per cent, waiver) 1 00 
 
 -Manufacturing Floater must be written under the tariff 
 form and rate (see page 101). 
 
 -Neckwear Floaters covering in Dwellings and/or Stores 
 with exclusively dwellings above grade floor and so 
 warranted in policies (with 100 per cent. Average 
 Clause and without the 5 percent, waiver) 2 00 
 
 -Piano Forte Floaters covering in Dwellings and /or 
 Stores with exclusively dwellings above grade floor 
 and so warranted in policies (with 100 per cent. Aver- 
 age Clause and without the 5 per cent, waiver) 1 00 
 
 -Printers Floaters 4 00 
 
 -Soda Fountains and all appurtenances and connections 
 while contained in /or on the premises or in front of 
 any building in the City of New York, with 100 per 
 cent. Average Clause and without 5 per cent, waiver.. 1 25 
 
 It being understood that wherever this insurance may cover 
 
 not more than 10 per cent, amounting to $ 
 
 shall apply or cover in or in front of any building. 
 
 -Soda Water Fountains and Apparatus in connection 
 therewith, contained in any building occupied as 
 store with exclusively dwellings above the grade floor 
 and so warranted in policies (with 100 per cent. 
 Average Clause and without the 5 per cent, waiver)... 1 00 
 
 -Tackle gear and appurtenances pertaining to a steve- 
 dore's business while in transitu in or on any of the 
 streets, yards, wharves, piers and bulkheads in the 
 Cities of New York, Brooklyn, Jersey City and Hoboken 
 and while afloat in transitu in the Ports of said Cities. 
 (For conditions of Average Clause and exceptions 
 named, see form as printed on Circular No. 159. ) Rate 1 75 
 
 -Tanks for Soda Water and Similar Liquids, valued at 
 $25.00 each, while contained in any building occupied 
 as a store with dwellings only above grade floor, in 
 the territory of the Exchange 25 
 
 ■Typewriter machines in buildings occupied exclusively 
 for dwellings and/ or stores with exclusively dwellings 
 above grade floor and/or exclusively office purposes 
 and so warranted in policies, with 100 per cent. 
 
GENERAL MINIMUM RATES. 12^ 
 
 Average Clause and without the 5 per cent, waiver 1 00 
 
 Any other form of floater desired covering merchandise 
 
 or other kinds of personal property not less than 2 50 
 
 fFlooring, Parquetry 1 25 
 
 *fFlorists' Stock 1 50 
 
 Furniture and Fixtures 75 
 
 Flouring or Feed Mills, steam, buildings and contents 3 00 
 
 fFlour and Feed Stores, retail 60 
 
 fFlour Warehouses, wholesale stocks 40 
 
 Foundries and Machine Shops : 
 
 Brick, buildings and contents 1 00 
 
 Frame, or brick and frame, Building 2 00 
 
 Contents 2 00 
 
 fFowling and Fishing Tackle 75 
 
 *t Fruit (other than dried Fruit) 1 00 
 
 fFruit, Dried 00 
 
 Furniture, Household. See Household Furniture. 
 Furniture and Fixtures rate same as contents, and subject to 
 same deductions as contents policy. 
 
 fFurniture Salesroom, without privilege to work 1 25 
 
 With privilege to varnish, oil and upholster. 1 75 
 
 Furniture Storage. Building 1 00 
 
 Contents 1 50 
 
 fFurs, dressed or finished 1 00 
 
 fFurs, undressed 75 
 
 *t Games or Toys 1 25 
 
 fGasfitters and Plumbers 75 
 
 Gas Houses or Gas Works, Gas Tanks and all other prop- 
 perty, including buildings and machinery and other 
 
 contents 75 
 
 f Gas Fixtures 80 
 
 f Gents' Furnishing Goods 75 
 
 Glass Blowers, Ornamental 1 50 
 
 f Glass, Plate or Window, in boxes or unpacked 75 
 
 fGlassware, Crockery and China, in packages and open 1 00 
 
 fGlaziers and Painters 1 50 
 
 *f Gloves f :. 1 00 
 
 -{•Glue and Sandpaper 75 
 
 Gold and Silver Beaters 75 
 
 Graded Grain, in series of stores 1 25 
 
 I. P. Grain, when in two or more stores 75 
 
 Grain Elevators, building and contents, public 2 50 
 
 Grain Warehouses, with elevators attached (Transfer 
 
 Elevators) 1 25 
 
GENERAL MINIMUM RATES. 123 
 
 ♦Graph oph ones and Graphophone Records 1 25 
 
 Greenhouses (strictly private, if detached). 
 
 Building and Heating Apparatus 75 
 
 Contents 2 00 
 
 Greenhouses. Building 1 50 
 
 Contents 2 00 
 
 fGroceries or Grocers' Supplies 50 
 
 fGuano 60 
 
 fGunny Bags 50 
 
 fGuns 75 
 
 fGunsmiths 75 
 
 fHair Dressers or Barbers 75 
 
 ♦fHair, Human 1 00 
 
 fHardware or Locks 75 
 
 Hardwood, Mahogany, Staves and Timber Yards f. 60 
 
 fHarness or Saddlery 75 
 
 fHats or Caps 75 
 
 fHay and Straw, bundles and bales 2 00 
 
 fHerbs and Roots \ 75 
 
 f Hides and Leather — 
 
 Belting Leather, Hides, Kips, Rough Leather and Sole 
 
 Leather 25 
 
 Grain Leather, Harness Leather, Split Leather, Tanned 
 
 Calf Skins and Upper Leather made from Hides 40 
 
 Fancy Leather and Morocco, General Shoe Finding 
 Stock, Tanned Kids, Tanned Sheep Skins, General 
 Stock of Fancy Skins for Tanning, Untanned Calf, 
 
 Goat and/or Sheep Skins, Kangaroo Skins 75 
 
 fHollowware (metal pots, etc.) 60 
 
 Homes. Building 25 
 
 Contents 40 
 
 fHops 1 00 
 
 fHorn Goods 75 
 
 Hospitals. Building 25 
 
 Contents 40 
 
 Horse Car Stables, building and contents 1 50 
 
 Horseshoers or Blacksmiths : 
 
 Brick. Contents l 00 
 
 Frame or brick and frame, Building and contents 1 50 
 
 Horseshoers or Blacksmiths (except as below), hand power, 
 
 with no wood working 75 
 
 Horseshoers or Blacksmiths, hand power, with no wood 
 working, occupying one floor only, namely: grade floor 
 or basement, with only dwellings above grade floor 50 
 
GENERAL MINIMUM RATES. 124 
 
 fHose and Rubber Belting, rubber exclusively 50 
 
 fHosiery, Notions and White Goods 75 
 
 fHouse Furnishing Goods 1 00 
 
 Household Furniture, 50 per cent, of the highest contents. 
 House furnishings, wall and ceiling decorations (floater), see 
 Floating Policies, page 120. 
 
 fHouse Trimmings, Doors, Sashes or Blinds 1 00 
 
 ♦fHuman Hair 1 00 
 
 flnstruments, scientific or mathematical 1 00 
 
 flron in Pigs 25 
 
 Iron in Pigs, if written specific and with 100 per cent. 
 
 Average Clause as follows: 
 In Private Storage Stores, 25 cents. 
 In fibre stores, 30 per cent, discount from established storage 
 
 rates. 
 On Piers, 30 per cent, discount from contents rate of pier. 
 When Iron in Pigs is contained in non-fibre listed storage 
 stores it shall be written at proper addition to Base Rate 
 of charge named therefor in the Alphabetical List. 
 
 flron, in sheet, wire, hoop, bar, bolts or rod 40 
 
 flvory and Bone Goods 75 
 
 *f Japanese, Chinese and Oriental Goods 1 25 
 
 f Jewelers or Machinists Tools or Supplies 75 
 
 f Jewelry, including watches, clocks and bronzes, out of 
 
 safes 50 
 
 In fire-proof safes (except watches) 35 
 
 Jewelry or Silverware Manufacturing (rates whole building) 60 
 Jewelry or Silverware in fire-proof safes where manufactur- 
 ing is d one, with 100 per cent. Average Clause 30 
 
 f Junk Stores, no rags and waste 2 00 
 
 ♦fKid Gloves 1 00 
 
 f Knit Goods 75 
 
 f Labels 1 00 
 
 fLaces, Embroideries and Curtains 75 
 
 f Ladies Tailors 80 
 
 fLamp Stores 1 00 
 
 Laundries, steam 2 00 
 
 Laundries, hand 1 00 
 
 Laundry Receiving Stations, with warranty that no 
 
 laundry work shall be done on the premises 75 
 
 fLead in Pigs 25 
 
 Lead in Pigs, if written specific and with 100 per cent. 
 
 Average Clause as follows: 
 In Private Storage Stores, 25 cents. 
 In fibre stores, 30 per cent, discount from established 
 
GENERAL MINIMUM RATES. 125 
 
 storage rates. On Piers, 30 per cent, discount from 
 contents rate of pier. 
 When Lead in Pigs is contained in non-fibre listed storage 
 stores it shall be written at proper addition to Base Rate 
 of charge named therefor in the Alphabetical List. 
 fLeather (see Hides and Leather). 
 
 •{■Leather Bags, Pocket Books or Trunks 75 
 
 •{•Libraries (Public) 60 
 
 •{•Linoleum, Carpets, Oil Cloth or Matting 50 
 
 fLiquor and Beer Saloons 60 
 
 fLiquors or Wines, with or without privilege to bottle or 
 
 pack 60 
 
 Lithographers and Printers, foot and hand power 1 00 
 
 Steam Power 1 75 
 
 If warranty is made against use of benzine and other 
 products of petroleum, 25 per cent, may be deducted 
 (except from specific rates). 
 
 Live Cattle 75 
 
 •{•Locks or Hardware 75 
 
 ■{■Locksmith 75 
 
 *f Lodge Regalia and Furniture 1 00 
 
 Lodging Houses — 
 
 All contents of any building occupied either wholly or 
 
 in part for such purposes, not less than 75 
 
 Building 45 
 
 ♦■{•Looking Glass, Picture Frame or Moulding 1 25 
 
 Lumber Yards and Sheds, buildings and contents. 
 
 Soft Wood 1 00 
 
 Hard Wood 60 
 
 Logs, Timber, Staves, Mahogany 60 
 
 Machine Shops and Foundries- 
 Brick, buildings and contents 1 00 
 
 Frame, or brick and frame, Building 2 00 
 
 Contents 2 00 
 
 •{•Machinists or Jewelers Tools and Supplies 75 
 
 Mahogany, Hardwood and Staves 60 
 
 •{•Malt 75 
 
 Malt Houses- 
 Frame, or brick and frame, Building 1 25 
 
 Contents 1 50 
 
 Brick, Building 75 
 
 Contents 1 00 
 
 Manufacturing Jeweler 60 
 
 Manufacturing Risks. Steam power unless specifically rated or 
 
GENERAL MINIMUM EATES. 126 
 
 stated, 2.00, and other contents of less haeard not less than 
 1.50. 
 
 Steam power shall include all risks using any motive power, 
 
 whether steam, electricity, hot air, gas or oil to operate 
 
 machinery. 
 
 Hand power shall include all manufacturing risks where 
 
 motive power or shafting is not used to operate machinery. 
 
 fMarble 60 
 
 fMarket Houses, brick 1 00 
 
 fMarkets, Retail, Meat 50 
 
 fMarquetry 1 25 
 
 fMatches 1 25 
 
 f Mathematical or other Scientific Instruments 1 00 
 
 fMatting 50 
 
 fMeat Markets, Retail 50 
 
 Mechanics privilege. See page 62. 
 
 fMedicines, Patent 1 00 
 
 fMerchant Tailors 60 
 
 fMercury in Flasks 25 
 
 Mercury in Flasks. If written specific and with 100 per cent. 
 
 Average Clause as follows : 
 In Private Storage Stores, 25 cents. 
 In non-fibre stores, 25 cents. 
 In fibre stores, 30 per cent, discount from established storage 
 
 rates. 
 On piers, 30 per cent, discount from contents rate of pier. 
 When mercury in flasks is contained in non-fibre listed 
 storage stores it shall be written at proper addition to 
 Base Rate of charge named therefor in the Alphabetical 
 List. 
 fMetals, in pig, bar and rod (applies to iron when in pig 
 
 only) 25 
 
 ♦fMilitary Goods 1 50 
 
 ♦fMilliners or Millinery Goods 1 25 
 
 Where making of millinery is carried on with not more than 
 five hands in living apartments of a building otherwise occu- 
 pied exclusively as dwellings and/ or stores with exclusively 
 dwellings above grade floor such limited occupancy shall 
 not affect the rate, providing there is no salesroom in con- 
 nection with the business named ; and the usual commis- 
 sion payable upon dwellings or stores with exclusively 
 dwellings above may be allowed upon policies covering 
 such limited occupancy. 
 
 fMineral Waters 50 
 
 f Mouldings 1 25 
 
 ♦fMusical Instruments and Printed Music 1 25 
 
 fNails 75 
 
GENERAL MINIMUM RATES. 127 
 
 fNaval Stores 1 50 
 
 Neckwear 75 
 
 Neckwear Floaters, see Floaters. 
 
 fNitrate Soda 1 00 
 
 fNotions, White Goods and Hosiery 75 
 
 Office Buildings, ordinary, Contents 40 
 
 Building 20 
 
 Office Buildings, libraries, furniture and fixtures in fire- 
 proof buildings, occupied solely above grade floor for 
 
 office purposes 20 
 
 Office furniture and fixtures in building occupied as offices 
 
 on grade floor with exclusively dwellings above 40 
 
 fOil and Petroleum Stores 2 50 
 
 fOil Cloth 50 
 
 fOiled Clothing 1 50 
 
 fOils, Petroleum, Illuminating 2 50 
 
 Lubricating, Fish and Vegetable 1 00 
 
 Essential 1 00 
 
 *fOptical Goods 1 00 
 
 *fOrgans 1 25 
 
 *fOriental Japanese and Chinese Goods 1 25 
 
 Ornamental, Glass Blowers 1 50 
 
 ♦■{•Ornaments, Books or Supplies (church or religious) 1 00 
 
 fOstrich Feathers, Raw 50 
 
 Oyster Barges, if moored to bulkhead or pier 1 25 
 
 fPaint and Varnish stocks 1 50 
 
 fPainters and Glaziers 1 50 
 
 *f Paintings for Exhibition, value expressed 1 00 
 
 Paper Box Factories- 
 Machinery and Fixtures 1 25 
 
 Stock 1 75 
 
 -J-Paper, in packages only 60 
 
 fPaper, Paper Bags and Twine 1 00 
 
 Paper Hanging Factories, Contents 2 00 
 
 Building 1 50 
 
 *fPaper Hanging and Decorations 1 25 
 
 Paper, Waste, see Rags. 
 
 fParasols and Umbrellas 75 
 
 fParquetry Flooring 1 25 
 
 ^Patent Medicines 1 00 
 
 *fPatterns, cloth or paper 1 00 
 
 *fPawnbrokers Stock 1 00 
 
 Pawnbrokers Stock in approved Fire-proof Safes, with 100 
 
 per cent. Average Clause 40 
 
 With 80 per cent. Average Clause 50 
 
 fPawnbrokers Right and Interest out of safes 60 
 
GENERAL MINIMUM RATES. 128 
 
 Pawnbrokers Right and Interest in safes 40 
 
 See page 102 for form of policy. 
 
 •{-Perfumery and Soaps 75 
 
 Phonographs and Phonograph Records 1 25 
 
 *fPhoto and Artists' Supplies 1 25 
 
 fPhotographic Galleries 1 50 
 
 Physicians and /or Dentists tools, materials and appa- 
 ratus, when -written specifically and when located in 
 dwellings or in buildings occupied as stores on the first 
 floor with exclusively dwellings above, and so war- 
 ranted in policy 50 
 
 Where the assured makes his home on the premises, dental 
 tools or physicians implements may be written at same rate 
 as household furniture (no change in warranty for dwellings 
 or store with exclusively dwellings above being required), 
 but when such dentist or physician rents an office in a build- 
 ing apart from his home such risk shall be considered busi- 
 ness occupancy, and written at the minimum named in Hand 
 Book or at specific rate obtained from the Exchange. 
 
 *fPianos 1 25 
 
 Piano Forte Floaters, see Floaters, page 121. 
 
 fPiano Makers Supplies 1 00 
 
 Picnic Grounds 2 00 
 
 *fPicture Frames 1 25 
 
 *f Pictures, Prints and Art Goods 1 25 
 
 Pie and Bread Bakery, steam 1 25 
 
 Piers and Wharves, and pier or wharf buildings 1 25 
 
 Pier Structures, namely, uncovered pier structures or open 
 
 wharves 60 
 
 Piers, contents, see wharves. 
 
 Piers in course of construction 1 00 
 
 Pile Drivers, Floating 1 00 
 
 f Plate and Window Glass (in boxes or unpacked) 75 
 
 fPlumbers and Gas Fitters 75 
 
 f Plumbers Supplies 75 
 
 fPlushes and Velvets 75 
 
 f Pocket Books 75 
 
 *fPrinted Music 1 25 
 
 Printers and Lithographers, foot and hand power 1 00 
 
 Steam power 1 75 
 
 Printer by Power, with no cylinder press, occupying one 
 floor of a building only, namely, grade floor or base- 
 ment, with only dwellings above grade floor 1 25 
 
 If warranty is made against use of benzine and other 
 products of petroleum, 25 cents may be deducted 
 (except from specific rates). 
 fProduce, Country 50 
 
GENERAL MINIMUM EATES. 129 
 
 fProviskms, Salted 50 
 
 Provision establishments, (except Smoke Houses) 1 00 
 
 Provision establishments, Smoke Houses 1 75 
 
 •{•Publishers, Booksellers and Stationers 75 
 
 f Rags, waste and waste paper (privilege to sort) 3 00 
 
 *fRaw Feathers except Ostrich 1 50 
 
 fRaw Ostrich Feathers 50 
 
 fRaw Silk 40 
 
 •{■Restaurants 75 
 
 Riding Academies, see Stables. 
 f Rigging Lofts and Sail Makers with privilege to heat wax 
 
 and pitch 1 50 
 
 f Rigging Lofts and Sail Makers, policies to warrant wax 
 
 and pitch not to be heated 60 
 
 Rolling Mills, brick, Building and Contents 1 00 
 
 Frame or brick and frame, Building 2 00 
 
 Contents 2 00 
 
 -{•Roots and Herbs 75 
 
 fRope and Twine 75 
 
 fRubber Belting and Hose (exclusive stocks) 50 
 
 fRubber Clothing or Rubber Goods 75 
 
 Rubber, Crude, see Crude Rubber. 
 
 -{■Saddlery or Harness 75 
 
 -{-Safes 35 
 
 Goods in approved fire-proof safes, with 100 percent. Average 
 Clause, may be written at 30 per cent, reduction ; and with 
 80 per cent. Average Clause at 10 per cent, reduction. The 
 form must specify fire-proof safes. The words "iron safes" 
 may not be used. 
 This allowance may be made only on policies written under 
 General Minimums. If a risk is specifically rated or sub- 
 ject to specific rate application must be made to the Man- 
 ager if a reduced rate on goods in fire-proof safes therein 
 is desired. 
 It is a violation to include in a policy covering goods in fire- 
 proof safes a condition that such goods are covered while 
 temporarily out of safes unless rate is advanced to that of 
 stock out of safes, 
 f Sail Makers and Rigging Lofts (with privilege to heat wax 
 
 and pitch) 1 50 
 
 With warranty not to heat wax or pitch 60 
 
 Saloons, (Beer and Liquor) 60 
 
 fSalt 50 
 
 -{•Salted Provisions 50 
 
 f Saltpeter 1 00 
 
 ■{•Samples, Cotton Brokers 1 50 
 
 fSandpaper and Glue 75 
 
GENERAL MINIMUM BATES. 130 
 
 f Sashes, Doors and Blinds 1 00 
 
 f Scales 75 
 
 School Houses — 
 
 Building 25 
 
 Contents 40 
 
 To apply to all day schools with accommodations 
 for exceeding 50 scholars, and to all boarding 
 schools. 
 Private Schools accommodating 50 scholars or less, with 
 warranty to that effect — 
 
 Building 15 
 
 Contents 25 
 
 fScientific Instruments 1 00 
 
 fSeeds 1 00 
 
 fSegars 75 
 
 Seminaries, Building 25 
 
 Contents 40 
 
 fSewing Machine Stores 75 
 
 fSewing Silks 75 
 
 fShells 75 
 
 fShip Chandlery 1 50 
 
 fShipping Agents' Stocks, no fibre 75 
 
 With fibre 1 50 
 
 fShoemakers Supplies or Findings 75 
 
 fShoes and Boots 50 
 
 fShooks and Staves 60 
 
 f Shooting Galleries 75 
 
 fSilks, Raw 40 
 
 fSilks and Satins 75 
 
 Silverware, out of safes 50 
 
 In fire-proof safes 35 
 
 Silverware or Jewelry Manufacturing, (rates tenants in 
 
 whole building) 60 
 
 Silverware or Jewelry, in fire-proof safes where manufac- 
 turing is done, with 100 per cent. Average Clause 30 
 
 Slaughter Houses, brick, no rendering 1 50 
 
 With rendering 2 50 
 
 Frame, no rendering 2 50 
 
 With rendering 3 50 
 
 fSleighs and Carriages 75 
 
 Smoke Houses, see Provision establishments. 
 
 fSmokers Supplies 75 
 
 fSoaps and Perfumery 75 
 
 Soda Fountain Floater (see Floating Policies). 
 Soda Water Tanks Floater (see Floating Policies). 
 fSoda, nitrate 1 00 
 
GENERAL MINIMUM RATES. 131 
 
 fSpelter 25 
 
 Spelter, if written specific and with 100 per cent. Average 
 
 Clause as follows : 
 In Private Storage Stores, 25 cents. 
 In fibre stores, 30 per cent, discount from established storage 
 
 rates. 
 On piers, 30 per cent, discount from contents rate of pier. 
 When Spelter is contained in non-fibre listed storage stores, 
 it shall be written at proper addition to Base Rate of 
 charge named therefor in Alphabetical List. 
 
 fSpice, only 75 
 
 fSpices, Coffee and Teas, wholesale and retail, including 
 
 sample stocks 60 
 
 fSpirits of Turpentine 1 00 
 
 fSponges and Chamois Leather 75 
 
 fSporting Goods 75 
 
 Stables- 
 Livery, Sales or Boarding, brick, contents 1 25 
 
 Frame, or brick and frame, building and contents 1 75 
 
 Stage Stables, building and contents 1 50 
 
 Private Family Stables, warranted as such. 
 
 Brick, Stone or Iron. Building 20 
 
 Contents 26 
 
 Frame or Brick Filled. Building 32 
 
 Contents 32 
 
 All other Stables : Brick, Contents 1 00 
 
 Brick and Frame, building and contents 1 25 
 
 Frame, building and contents 1 50 
 
 If in writing policies covering in stables, a phrase is used 
 covering vehicles generally, it must be in the following 
 form : " On vehicles of every description, excluding auto- 
 mobiles of all kinds." 
 
 fStationers, Publishers and Booksellers , 75 
 
 fStaves, Timber, Hardwood, Mahogany 60 
 
 Steam Bakeries, Bread and Pie 1 25 
 
 Steam Cracker Bakery 1 75 
 
 Steam Dredges 1 50 
 
 Steam Manufacturing Risks, unless specifically rated or 
 
 stated 2 00 
 
 Other Contents of less hazard 1 50 
 
 fSteel 60 
 
 Storage Stores (listed) non-fibre, when exposed by fibre 
 stores (see page 60). 
 Listed, Cotton and Fibre, 
 
 Cotton alone. Building 1 75 
 
 Contents 1 75 
 
GENERAL MINIMUM RATES. 132 
 
 Fibre other than Cotton, or cotton with same, 
 
 Building 2 25 
 
 Contents 2 25 
 
 Unlisted, Cotton and Fibre, 
 
 Cotton alone. Building 1 75 
 
 Contents 1 75 
 
 Fibre other than Cotton, or cotton with same, 
 
 Building 2 25 
 
 Contents 2 25 
 
 For Furniture. See Furniture Storage. 
 
 Exclusively for grain other than elevators 1 25 
 
 Store Furniture and Fixtures, rate same as contents, and 
 
 subject to same deductions as contents policy. 
 Stores and dwellings (other than in Long Island City), 
 warranted for dwelling occupation exclusively above 
 grade floor. 
 Brick, Stone or Iron : 
 
 Building 20 
 
 Household Furniture 24 
 
 Frame or brick filled : 
 
 Building 40 
 
 Household Furniture 40 
 
 Stocks and contents other than household furniture take 
 
 general minimum rates. 
 A one story building occupied for mercantile purposes in 
 front with a dwelling in rear of same, if not specifically 
 rated, may be written at the same minimum rates as 
 would apply to stores with exclusively dwellings above. 
 
 fStoves 60 
 
 fStraw and Hay (bundles and bales) 2 00 
 
 fStraw Goods, Wholesale (in packages) 75 
 
 *fRetail 1 00 
 
 fSugars and Syrups 50 
 
 Sugar Refineries, building and contents 3 00 
 
 Sugar Refineries, not in operation and closed for a definite 
 
 period, building and contents (warranted) 1 50 
 
 *fSurgical Instruments 1 00 
 
 Sweat Shops (being all classes of such risks occupying the 
 major part of the building). 
 
 Contents 5 00 
 
 Building 4 00 
 
 fSyrups and Sugars 50 
 
 fTailor, Merchant 60 
 
 Tailors work shops, see Sweat Shops. 
 
 fTailors Trimmings 75 
 
 fTailors Trimmings with Cloths 75 
 
 fTallow 50 
 
GENERAL MINIMUM RATES. 133 
 
 *t Taxidermists 1 50 
 
 fTeas, Coffees and Spices, wholesale and retail, including 
 
 sample stocks 60 
 
 Tenements, see Dwellings, etc. 
 
 fTerra-Cotta Ware 75 
 
 Telegraph and Telephone apparatus, furniture and fixtures, 
 
 in District Call Stations 60 
 
 Telegraph and Telephone Buildings, contents 2 00 
 
 Theatres, fire-proof, Building 2 00 
 
 Contents 3 50 
 
 Not fire-proof, Building 3 00 
 
 Contents 4 00 
 
 ♦■{•Theatrical Goods 1 50 
 
 fTiles 75 
 
 Tin, Block. See Block Tin. 
 
 fTin Plate 50 
 
 Tinsmiths 1 00 
 
 fTobacco 75 
 
 Tobacco and Cigarette Factories 2 00 
 
 Tobacco Inspection 1 00 
 
 *fToys and Games 1 25 
 
 •{■Trimming Stores 75 
 
 •{•Trunks and Bags 75 
 
 fTrusses, Artificial Limbs 1 00 
 
 Turkish Baths 75 
 
 fTurpentine, Spirits of 1 00 
 
 Tug Boats (constructed for towing only), other than ocean- 
 going tugs (Tug Boats which go to sea exclusively for 
 towing scows to dumping grounds, not to be considered 
 
 as ocean-going tugs) 75 
 
 fTwine, Paper and Paper Bags 1 00 
 
 •{•Typewriters 75 
 
 Typewriter Floater (see Floating Policies). 
 
 •{■Umbrellas and Parasols 75 
 
 -{■Undertakers stocks 1 00 
 
 •{•Undertakers stocks, with warranty for no woodworking 
 
 or varnishing 60 
 
 Unoccupied Buildings (not to include buildings in course of 
 
 construction or dwellings). (See warranty, page 73).... 50 
 
 Upholsterers (no mattress manufacturing) 1 50 
 
 •{•Upholsterers Hardware 75 
 
 ■{•Upholsterers Supplies 60 
 
 ■{■Variety Stores 1 50 
 
 fVarnish and Paint Stock 1 50 
 
 fVarnish Gums (stocks consisting exclusively of) 50 
 
 Vaults under sidewalks, cut off from building by approved 
 
 fire doors, contents of— In entire Metropolitan District.. 40 
 
GENERAL MINIMUM RATES. 134 
 
 The minimum for Contents of Vaults (40c.) is limited by the 
 rule (page 52) regarding occupants of specifically rated risks 
 who are not named on the card, viz., that such occupant 
 may not be written at minimum rate, but must be 
 written subject to specific rate with application. There- 
 fore, in case insurance is asked on contents of vaults in a 
 specifically rated risk— such item not being* mentioned on 
 the card — members cannot accept it at the 40c. minimum, 
 but can only do so subject to specific rate, with applica- 
 tion for same. 
 
 fVelvet and Plushes 75 
 
 t Veneers 1 50 
 
 fWadding and Cotton Bats 1 25 
 
 •fWall Decorations 1 25 
 
 Wall Paper Factories, Contents 2 00 
 
 Building 1 50 
 
 f Waste, rags, and waste paper, privilege to sort 3 00 
 
 fWhale Bone 40 
 
 Wharf and Pier Risks, contents, covered, warranty against 
 
 storage of cotton, jute or other fibre 1 00 
 
 Open, with same warranty 25 
 
 Covered or Open, cotton, warranty against storage of 
 
 jute, hemp or sisal 1 50 
 
 Covered or Open, fibre other than cotton or cotton with 
 
 same 2 00 
 
 Wharves and Piers and pier and wharf buildings 1 25 
 
 Wharves, namely, open wharves or uncovered wharf 
 
 structures 60 
 
 fWhip Stocks 75 
 
 fWhite Goods, Hosiery and Notions 75 
 
 fWillow or Wooden Ware 1 25 
 
 f Window and Plate Glass (in boxes or unpacked) 75 
 
 fWindow Shade Stores 75 
 
 fWines or Liquors, with or without privilege to bottle or 
 
 pack 60 
 
 fWire or Wire Goods 1 00 
 
 -f-Wood and Willow Ware 1 25 
 
 Wood Workers, hand power (except as below), 
 
 Building 1 00 
 
 Contents 1 50 
 
 Wood Workers, hand power, occupying one floor only, 
 namely, grade floor or basement, with only dwellings 
 
 above grade floor 75 
 
 Wood Workers, steam power, building and contents 2 00 
 
 fWool 40 
 
 fWoolens 40 
 
 fYarns, Woolen and Cotton 50 
 
 \ B R A ft p* 
 
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 UNIVERSITY 
 
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