Law No. 1,207 Of 4 April 1931

Original Language Title:  LEGE nr. 1.207 din 4 aprilie 1931

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Law No. 1,207 of 4 April 1931 to amend art. 1 of the law on the establishment and operation of private insurance and the settlement of the insurance contract, promulgated by Royal Decree No. 2481 from July 4, 1930, published in PARLIAMENT ISSUING the OFFICIAL GAZETTE nr. 83 of 9 April 1931 to CHARLES II By the grace of God and the will of the King of Romania's national team, all from the face and future Legislative Assemblies, health: voted and adopted, and we sanctionam what follows: sole article article 1 of the law on the establishment and operation of private insurance and the settlement of the insurance contract, amend as follows: "Art. 1 can exercise their trade in insurance and reinsurance only stock limited-liability companies.
"May exercise insurance and trade unions that the promulgation of the present law practiced this trade. They will work with the same rules and laws as well as limited-liability companies stock.
"In terms of capital and to guarantee-and constitute, the Ministry of industry and trade, with the opinion of the insurance supervision Office, cooperatives may be given discounts on the branches of insurance in relation to expanding or limiting the operations concerned."
This law was voted by the Assembly of deputies at its meeting on 1 April 1931 from the rock and has been adopted by a majority of one hundred seventeen votes, against three.
Vice Chairman, TAIWO (L. S. D.)
Secretary, Fr. Stephen Cairns this law was voted by the Senate at its meeting on 1 April 1931 from the rock and has been adopted by a majority of seventy-two votes against.
Vice Chairman, NICOLAE ROMANESCU (L. S. S.)
Secretary, e. and Aaaa Promulgăm categorize the act as it is vested with the seal of State and published in the Official Gazette.
(L. S. St.)
CHARLES Minister of industry and Trade Justice Minister Mihail Manoilescu Dr. Voicu Naidu — — — — — — — — — — — — —