New-York tribune., 1874-04-24
INSURANCE INTERESTS.

CLOSE OF THE EIGHTH ANNUAL CONVENTION OF THE
NATIONAL BOARD OF FIRE UNDERWRITERS.
The second DAVIS sessions of the Convention
of the National Board of Fire Underwriters at No l56
Broadway begun at 10 m. yesterday Mr. Oakley
announced the appointment OF Messrs Chase iowh-
send and Walcott as a Special Committee on Agents
Commissions. He then mentioned that claim had
been sent in from Bay City, Michigan for the payment
u or the Inoondiary Fdnd. iho report OF
the Special Committee Form OF Policy was then READ
BY A. G. Baker 1t states that the Committee has taken
the form OF policy recommended by the National Board
in 1868 on account OF its general adoption by
companies The report submits another form. which
is a considerable departure from that IN use,
and desires the Board to adopt one or the
other. The Committee also recommends that
a reduction of 10 per cent be made from the standard
rates Of premium all property where the co-nsurance
or average clause shall be inserted IN the policy The
report was received and laid on the table.
d. A. Heald New-York, Chairman of the Committee
on the Farm Board OF New-York State. presented re-
port declaring that they have had full conference
with the Committee representing the Farm Companies
aud recommend that the rates aud rules adopted by the
Farm Companies and by them submitted to the Ma
tona Board in Circular No be adopted by this Board
on the basis rs cents for three years with the two
thirds classes instead of co cents and one per cent IN
stead of so cents for ordinary form OF policy the rates
for greater periods to bo adjusted on this basis
The report was received and laid till the afternoon
session.
President Oakley submitted draft Of a revised Con-
sttution and yaws. These were taken up, section by
section, and were adopted with few amendments.
d. A. Heald, New-York, for the Committee on the
Wisconsin Insurance Law read resolutions Which, as
afterward amended were adopted.
D. A. Heald. NewYork, offered resolutions which were
adopted to the effect that taxes levied receipts
are unjust oppressive and alike opposed to every
consideration oustce and the dictates OF common sense
T. A.
GERS proposed by the Committee on Nominations:
President II. A. oae7, Howard Insurance o. New York
L. , hs3df Ana I5 I5'9,s Sas go M naTS cor ss
arer j. PAso, Atlantic Ioaisue Co, Poydene Executive Com
Pa Phlspha E. c. Rouse, Cleveland g. Baker PLsdePhs
D. r. smith Springfield Mass Z " MaGn sh - -, bss
E. il. Holton, Milwaukee, introduced resolution
ance, praised the admirable iulness ana ceafness ol
the Presidents report and arranged for the diffusion OF
the information which 1t contained. Adopted.
stephen CrOwel offered resolutions which were
adopted, testiying to the value OF local boards Toe
following resolutions offered by L. J' Hendee OF Hart
ford were also adopted: O-,..-.,
Tor local advantage. Of good Ore and water supply may be
The SPECIAL Committee Agents Commissions recon-
nended the retnactment of the resolution passed. by
hs Board IN May 1862 As amended by the Board after
debate ana reenacted, this resolution fixes the maxi
rate OF commission TO agents not exceed IL
per cent The election OF officers then taken up.
ton OF Mr. Baker that the forms Of policy submit
ted by the Committee on Form OF Policy. DO submitted
to the Executive Committee with instructions get
decision upon them In writing from each company in the
Board.
tive Committee named by the Committee Nomina-
tions had been elected, several speeches were made
warmly commencing the devoted services of President
After vote OF thanks TO the NewYork press and an
extension OF tue for the appointment or standing
ees by the President the Convention adjourned witE