St. Paul daily globe., 1895-09-22
INSURANCE MEN CONFER WITH
STATE OFFICIALS ON NEW
LAW.
DEFECTSIN THEENECTMENT
OVERCOME BY A LENGTHY PRO
VISION FOR EACH poll
ICY.
COVERS ALI CLERICAL ERRORS
ira Conditions on the As
sured.

Deputy Insurance Commissioner
Lightbourne and Attorney General
ChildS met a committee of insurance
men yesterday, who came to ST. Paul
to consult with the state officers re-
garding the matter of attaching certain
riders TO the new standard policy.
There were r. ]. Smith, president of
the Traders Insurance company, Chi
cago; c. H. Bigelow, president ST.
Paul Fire and Marine; Judge Eugene
Cary, Western manager of the German
American; G. w. Fisher. manager of
the Palatine; Mr.. Mcdonald, of the
Continental. and Attorney w. D. Van
Dyke, of Milwaukee, the counsel of the
insurance companies. These gentle
men were selected as a committee by
the representatives of sixty companies
that met at Chicago and were endorsed
as a committee at the national meet
ing at Niagara. There was, at the con-
ference yesterday, an informal talk
about a good many of the legal points
involved in the new policy. The COM
mittee submitted a lengthy rider to
be attached TO the policy and after
consulting Attorney General Childs the
insurance commissioner formally ad-
ViSed the committee that ''after obtain
ing the opinion of the attorney general, 1
sec nothing in the rider which is con-
trary to law" This was satisfactory
to the insurance men.
The representatives of the insurance
companies had two other riders pre-
pared which provided for co-inSurance
clauses. The new law prevents coin
surance although the insurance men
seemed to think there were technical
points in the law which would allow
co-inSurance. However, after talking
it over they withdrew these two ad-
ditional riders. The present arrange
ment, it is thought, will be satisfactory
to the insurance men for the present.
The provisions of the general rider
are as follows:
l. Construction-The word policy" "
where used in the standard form and
in this rider, shall be construed to
mean the standard form, as added to
and modified by this rider.
2. The words other insurance" as
used in said form, shall include all
other insurance, whether valid or not,
and whether by solvent or insolvent
insurers.
5. The words issued" premium, -
and referees" shall read respectively
used" proportion" and reference" +"
4. The word assent" where used in
said form, shall be construed to mean
assent in writing indorsed upon or
attached to this policy" and no other
assent by this company shall be of any
validity.
5. Written notice of cancellation of
this policy shall be sufficient if such
notice be deposited in any postoffice,
postage prepaid, addressed to the as
sured or his agent, and if this policy
be made payable to a mortgagee, such
notice viii be sufficient as to him if
so deposited and addressed to the
mortgage named in the policy
6. 1t shall be sufficient tender of
the return premium for cancellation
if a certified check or express or money
order payable to the assured or his
order be so deposited.
Limitations-Th policy shall ex-
tend to property therein mentioned
while located as therein described, and
not elsewhere, except as otherwise
provided.
In case of any loss except total loss
on building this company shall not be
liable beyond the actual cash value
directly destroyed or damaged by fire
nor in any event for any loss or dam
age Occasioned by any ordinance or
law regulating the construction, re-
placing or repairing of such property,
or by any interruption of business,
manufacturing process or otherwise
or caused directly or indirectly by ex-
pIoslon, unless fire ensues, and in that