New-York tribune., 1879-03-28
GENERAL LEGISLATION.

NE. FIsH's BILL MAKING PRoGREss-BiEhNlALs sly
sIoSs IN FAvoR-Two INSURANCE BILLS CoNslp-
Erred.
[FRoM THE REGULAR CORRESPONDENT OF THE rRiBUsEl
ALBANY, March 27.-The Assembly consid-
cred several bills OF great interest 10 the pnbhe toay
First came Mr. Fisbs bill for the summary investigation
OF unlawful or corrupt expenditures by officers OF
towns or INCORPORATED villages" This bill authorizes
twenty-five taxpayers Of any who may have ease
to believe that its IL being eorrupty expenaeo
10 call the attention or q judge OF tne ~
preme Court TO the robbery; anu sIo.rvsor Inro Mr.
Fsh stated that the bill was intended 70 pot az
taxpayers by Office holders The bill had been modified
in order 20 prevent the making OF charges against
public officers through malice, Persons making
the charges must prove them substsntally
or paS the costs Of the suits General George
we're accepted by Mr. Fish, they strengthened the
bill Among other amendments was one directing the
plants ana thereby prevent the further corrupt eX-
pendture OF public money The Pill dld nor meet MIL
any opposition, and was quickly ofdered 10 'hilu
Mr. SINNERS amendment to the Constitution. proyid-
ing for biennial sessions OF the Legsature was Lien Len
made a special order for Tuesday morning next. me
amendment will undoubtedly pass the Assembly but Is
not likely TO meet with the approval OF the senate .
Two insurance bills OF decided interest 20 tho policy
holders of insurance conancs were eons9ered DE Ine
Assembly. Both were introduced by MI. Hepo1rn'
Ole requires life insurance companies to turnlsh add
tiona Information in their annual men TO the IN
suranoe Department; Inc addltlonal lhl0rina ION ~
qured is detailed satemen OF the salaries ana all
fees, compensation or DONATION palu 10 oInceIS;
me neal examiners attorneys cOunsellors ana all
other employees Of lie insurance company
for the year for which IL makes its annual report.
The other bin was OF greater interest. 1t IL en-
titled IAN regulate the forfeiture OF life insur-
ance policies issued by companies organized or lncor-
pOFated or dong business In this state" Mr. Hepburn
explained the provisions Of the act The first section Is
as follows:
SECTION l. No policy OF life insurance hereafter
issucd by any company organ zed or incorporated
under the laws OF this State, ISSUED TO citizens OF TINS
state by companies Of other states and countries dong
business by s agents in this State, shall ue forfeited
or become void by the nou-payment or pre-
MUM, including all noes given for premiums or interest
thereon after shall have been in force three full years
except as hereinafter provided.
The policy is TO continue IN force TIL the total IN
debledness against II exceeds the reserve upon IL
Mr.. Hepburn sad that tue bill really provided
for term policies instead OF life policies. IL was
calculated upon the rates OF the companies ana
was emineuty just. II Il became a law II would do
away with a corrupt practice OF some, namely, the
issuing Of large number Of policies and then obtaining
the that they should lapse. TINS
was q source Of to many of the companies
BOJh OF the bills ordered 10 a third reading.