The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-06-13

The EXECUTIVE COMMITTEE OF THK NATIONAL
BOARD OF FIRE UNDERwR1TERs, After our
yesterday, report was submitted from the
Committee on Local Boards, Rates and Com
adoption OF the general tariff proposed at the
last meeting OF the National Board, with some
slight notifications. Two separate tables of
rates are embraced in 10, one for the Northern
and the other for the Southern section of the
country. The Committeerecommende thatdue
efforts be made TO enforce the projected tariff
in all localities where It is possible and conve-
nient Special rates for particular localities had
been prepared by the Committee, who recon-
mended their PRONUNCIATION; end also the ap-
pointment OF committee to reconcile the diff
hculties now existing In the insurance business
OF Cincinnati and st. Louis. The report of the
tions adopted.
The meeting reassembled this morning at
the Office of the North American Fire Insurance
Company, on Walnut street. Propositions
were submitted: and adopted for the settle
ment of loss where there exists general and
q specific insurance on the same property.
Among these propositions we're the following
new ones:-
ar at the happenngJof any fire, the assured shall
have insurance by e;poey or policescoyerng in one
covered By This insurance and at tbe same me R
cludpg the specific property or interest herein ex-
the property hereby insured Tor the full
amount OF such policy or policies, unless in oonse;
insurance and not included IN this poiic it becomes
rance and in that 70 determine the amount for
which this Company Is liable; the amount of such
this Company shall be considered other insurance on
Rs specific @ p56E r % which me p2opOron ahs
the sound value OF such property, In
sound value of all the property covered by such
general policy or PoIice. In excess Of all specific insu
property covered by this policy and included also in
amount specifically insured thereon. then the am cunt
fsuch more general insurance shall he deemed to be
that the sound value thereof bears to the sound value
of all property covered by such more general policy
policies: and In the Insured shall have Insurance.
covering part only of the property insured by this
acter the claim of the insured against the Company
"If st the time OF loss the assured Shall hold gene
raj policy or policies, covering in one sum more than
policy or policies Covering only specified property
or interest, which is included within range Of the
specific property or interest shall be first adjusted
be the policy general or specidc but IL the loss on
the article or articles not covered by the specific
the general insurance. after the adjustment afore-
the general Insurance shall be released from 1Vp con D
tTbung to the specific property and equal amount
shall take its place in payment ofthe specific articles
u there be different specific insu rance Interests
to make UP the amount required. pro rata. OF the
"Ifthe assured shall have made. or shall hereafter
make specific insurance on any of the articles ro-
written descriptions Of this policy, aud such specific
this Company in writing hereon. the insurance which
would be otherwise covered by this policy on such
void.
"Wben consent is given generally for other insur-
ance, let 1t be thusOther insurance concurrent here
with permitted. without notice, until required"
A resolution was adopted concerning the In
surance of buildings in which fire. works are
stored, by the operation of which no policies
will hereafter be granted in such cases. The
local boards, as well as the authorities, were
earnestly requested to enforce the laws pro.
hibiting the storage of such combustible and
dangerous materials in built up localities.
A resolution was also adopted requesting the
State authorities to prevent the burdensome
taxation OF companies dong business in States
other than those in which they were originally
chartered, and to place all companies, both
local and foreign, on an equal footing in this
respect.
The remainder of the session was devoted to
the consideration of the financial affairs of the
Board.