The Columbian. [volume] (Bloomsburg, Pa.) 1866-1910, 1889-06-07

relating 10 the different Insurance companies OF
this state and insurance companies Of other states
doing business in this state OF this number only
nine were passed finally, and but two Of these
have thus far been signed by the governor.
One of these prevents Insurance companies do
ing business In this state from making or permit
ting any distinction OF discrimination In favor OF
individuals between Insurance OF the same class
and equal expectation Of life in the amount or
payment of premiums or rates charged for poll
ces Of life or endowment Insurance This pre-
vents agents from making a rebate TO persons
who insure their lives for q large amjunt
To allow fire and marine insurance companies
TO insure against damage by tornadoes and cy-
clones and by lightning when fire does not ensue.
The other bill makes copies Of the books, ac-
counts, annual statements and other papers Of tho
insurance department evidence in court.
Repeating the special road act in the township
Of Kennett, which extends the corporate power
Of the Farmers and Mechanics Mutual Insurance
association to such roads.
Amending an act entitled IAN act relative TO
insurance companies" approved April "a, A. d.
1857, 10 apply the provisions Of said act to live
stock insurance companies and to give jurisdic.
tion to aldermen, magistrates and justices of the
peace
These are the bills OF this character that await
ed the approval of the governor at adjournment
Providing for the incorporation Of beneficial
associations employing agents and doing public
business. 1t requires such associations 10 have
guaranteed fund OF So, 600, and limits their in
surance TO 81, 200 person. 1t brings all such as
sociations under control of the insurance depart
ment, the same regular life companies. The
bill does not apply TO fraternal, benevolent or
charitable associations and secret societies.
Declaring that mutual beneficial associations In
corporated under the act of May 1, 1876, shall be
held as doing business of life insurance on the
plan of assessment, and liable to the laws gov
erning such corporations, provided that the act
shall not apply to fraternal benevolent associations
or secret societies working on the lodge system.
Authorizing the Insurance commissioner TO
value the policy and obligations Of all life insur.
ance companies the valuation Of whose policies is
required by law on the net premium basis accord
ing TO the actuaries, compared experience table
Of mortality, with interest at per cent per aunun
Amending the net of 1875 relative to insurance
companies or associations known as factory mu.
tual insurance companies, conducted upon the
mutual plan, to transact business I'm this state.
This is the bill which Mayor Filter and othar Phil
adelphia manufacturers strongly advocated. The
mayor had consultation with the Philadelphia
delegation at his office upon this subject early In
the session.
Divertng one-half Of the premiums Of risks by
foreign insurance companies in cities of the third
class and boroughs to the city and borough trea.
sury. This money, 1t is understood, is to go TO
make up fund for disabled firemen.
Among the insurance bills which failed the one
which attracted most attention was house bill No.
20, known as the Fidelity and Casualty bill" 1t
provided that foreign Fidelity and Casualty com
panies should have paid up capital of $4,000
for every class OF business it engaged in.