26 UNITED STATES - INSURANCE ANI> THRIFT 



in places lacking adequate fire protection, and not less than 50 feet dis- 

 tant in places haxang efficient fire protection : Provided, That no pro- 

 perty of any class not considered reasonably safe by the board of direc- 

 tors 01 their representatives shall be insured : And provided further, That 

 old and dilapidated structures, buildings wherein fire is used and the flues 

 are defective or dangerous, paintings, jewelrj'', mone3'', or securities or other 

 evidences of ownership or of credit, shall in no case be insured by this 

 company ". 



" Section 9. Special inspection of property. — At least once ev^er}' 

 three years the property insured shall be thoroughly inspected by a com- 

 petent person employed by the company as special inspector. Said in- 

 spector shall carefully examine the flues of all dwellings or other buildings 

 wherein fire is used, note the placing and the condition of stoves and fire- 

 places and the disposition of ashes therefrom, enquire into the system 

 or method of lighting buildings, examine all lightning rods, and ascertain 

 if fences are properly grounded. He shall take careful notice of any and 

 all defects or dangerous practices. He shall also note the presence or ab- 

 sence of means of combating a fire, such as readily available water supply, 

 or chemical extinguishers, and suitable ladders by means of which the top 

 of the roof can be quickly reached. He shall advise with the insured 

 concerning the general improvement of the risks, and shall recommend spe- 

 cific measures for the removal of conditions materially increasing the hazard 

 thereof. He shall report to the compan^^ upon blanks famished him for 

 that purpose, the condition of each member's risk or risks, together with the 

 recommendations, if any, made Dy him foi the removal of dangerous con- 

 ditions. Refusal or neglect on the part of the in.sured to carry out specific 

 recommendations of the inspector may, in the di.scretion of the board of 

 directors or their representatives, be made cause for the cancellation of his 

 policy or policies ". 



" Section 10. b) Limits to the amount of insurance. — The directors of 

 this company shall exercise due care to prevent the insurance of an}' property 

 for more than three fourths or less than one half of the cash value of the pro- 

 perty : Provided, That until the company has 8500,000 of insurance in force 

 no single risk or group of property subject to one and the same fire shall be 

 insured for an amount greater than 81,500, nor shall such maximum sin- 

 gle risk exceed 82,000 until the company has §1,000,000 of insurance in 

 force, nor shall it later exceed two tenths of i per cent of the insurance 

 in force : And provided further, That the insurance placed on live stock 

 shall not exceed an amount per head of 8^00 on horses, 860 on cattle, 

 S15 on hogs, and §10 on sheep ". 



" h) Sale of 'property and transfer of policy. — The sale of insured pro- 

 perty shall immediately .suspend the insurance thereon, and unless applica- 

 tion for transfer of the policy is received and accepted within 10 days after 

 the date of sale, the policy shall be cancelled. A polic}' may be transferred 

 or assigned by obtaining the consent of the ccmpany and paying a fee of 50 

 cents ". 



