The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-05-26
THE INSURANCE CONGRESS.
THE SECOND DAYS PROCEEDINGS.
Declaration Of What the Various Insurance In
teress Require-A Uniform Mode Of
Transacting Business Demanded.


Transacting Business Demanded
the Insurance Congress again convened at the
ONCE OF the Fire Underwriters, Nos. 156 and 16S
Broadway yesterday at one O'Clock, President Miller
In the chair Communications were received from
Superintendent Clark, OF Massachusetts, expressing
his inability to attend and his hopes that the delbe-
rations Of the Convention may be beneficial; from
Governor Bullock Of Georgia. expressing his regrets
that Major Bell the insurance ofcal or that State,
Is unable to attend and from Mr. Bell, setting forth
the system Of conducting the business In Georgia.
He urged the necessity for uniform law in all the
States Tor the government Of insurance companies.
BEN NoYKs. Commissioner OF Insurance for
Connecticut, appeared ana enrolled his name as
deleGate.
Mr.. SMITH, Of Kentucky, chairman OF the Commit
tee on Business, reported upon the proposition OF
Mr. Atkinson, Of Tennessee, made yesterday. to adj
init executive oficers and actuarles Of insurance
companies to participate in the deliberations. They
reB0ted against such admission, on the ground that
but they would be happy to hear arguments or re-
ceive communications from any one Interested.
The Committee also reported rules fixing the hour
Of meeting at eleven A. NJ and limiting the speeches
Mr.. f. s. WINSTON chairman of the Committee on
Lie insurance Companies, submitted by invitation,
the proceedings OF the committee Te following w az
c0nSdered:-
a-Unifsmi in the forms Of annual reports and other
insar.n0s. Bach s.ss. aspsr.meas saos.nssy
ss mat s.sA sas not n only
their method. GETTING 4 the f.st: jul many
Without plasscs espsrsnss which is.y ds,.lop in;
In arrangement very great
81 sD .n >. 10 n s a
IT, the convention can arrive ~ series % questions
lion and also such blank srs
g, The g "a, %
thus attain IN simple form, the information they seek
tom ysass,oa poIc.: Sonpusson
G state % SseT A o aus
system and Oass becoming more and more felt every year
81 present time seriously
s sas M
upon only after full examination with all the light that SCI
'9ss so i,sssss ss ss
companies were 1corporasd when properly perfcmed on
and and Gs
PS ana Is
Io.M.Ihs L.ts pocis: and securities in detail re-
the to be Tsds TO sa a
boces and Aoun and value Of such asset. from said de-
s..!s Department. labor q detailed lists q
and also Sn Of @ when Ssss
Companies IL or
H. & %a II:
viii 0 sss a IL
total OF tho classes Of and Of descriptions Of
sss 81 20
he different Companies would Ss vastly sSrids.d A0'' u
4. sSsp0 Of securities ad BY The companies TO DO
goraed there required and the c.rinsss suOh deo..
when are liz Of .ssemsns Be-
q the oompanys policies obligations are in force Take
for m G s Of S @
Rss ss
yearI Win exhibit Inc Inconvenience 70 which com.
sss
ana saS ~
sn.: stats r. We have now upward. ., forty
ss
though any mortality other ooasnsensy re-
Viii be readily perceived Impossible FOR them to
FAD shs, these deposits are usually required TO be made in
T1,ss pay as
scsed psrhsps OUT or VIII Ss that
.ass not to S
Ssss I nSee
q many
keeping for the payment o. their obligations BY placing them
S.as~Tns appointment of agent or attorney only in
each required legal service In he
company thereby avoiding possible dangers.
10 ssse where The company ha: no assets qaestonaDs
s wsn S
may not be apprsed OF complaint OF action,
tanned By agent attorney.
should not Be in the most guarded
and where such agent or attorney required In State he
ter d.ereon and integrity fhs MAKING Of every socor
20 sosp service holding out an to
and tricky parties to ajure and enoarrass the com
po.ss, which should moi be tolerated.
Standardization II not practicable TO have entirely
Uniform
sonabs in the dercn, States and not complicated and
Insurance. in the opinion OF your committee, should be
dsncs and forecast affection of community
generally far from wealthy and very often who are
benefit Of Their families and to Keep them from want and
sound political economy ana common humanity would
" from any a'' a as Their
however this entire relief II, imprac.sable, taxa.
States and reasonable in i. amount, should be limited
e n. e. the III" several tate M
ur OF the State should be Uniform in whatever shape
NE insurance company, and ane.her State does not,
dviSena they IN poso aud s
aggregate tax PAID to suc state among the policy hodes Of
holders of States where such imposition made This viii
some taxation is upon life Companies who are
REQUIRED by their charters TO distribute these dividends
Of onerous taxation is POLITICALLY bad 1t engenders
eens ae to- aS
z" s IL or
alive feeling of Jealousy and dsrus inconsistent with
that fraterna Keeling which should DE cherished by
pie " every part OF our common country The subject is
one OF Importance, not only the
taxed but also their policy holders the country
large.
Mr.. Pore, chairman OF the committee appointed
by the Fire Underwriters presented the following
suggestions representing the fire and marine branch
OF insurance.
Fr,t-compsnes affected by the difference the blank
forms required by the States and favor of uniform
Seoaa-TsIaion ana license fees should BIO considered
with more enlightened Views by the various States the
busnets OF Insurance Ia not profitable In some states
upon Insurance tax the providence OF the
and they should be adjusted according to the
naming from premiums after losses had been paid In the
State
Third-The deposit repealed the States