The sun. [volume] (New York [N.Y.]) 1833-1916, 1900-09-23
INSURANCE MEN AROUSED.
INTENT Oy THE REFORMATION or
CRYING EVILS.

The, Take Action to secure Uniformity In
state Laws. Denounce Blackmallins In
.nsctions" and strike Out Gain ana Loss
EXHIBITS From Department Blanks.
The convention OF Insurance Commissioner
~ the United states. which was held In Hart
,ord m Wednesday and Thursday OF last week.
demolished more that will be Of direct bene-
A. 10 the Insurance world than any Of its pred
.oss,or.. Francis Hendricks. the chief Of
,he New York department. was not able to
s,,snd the convention on account OF illness.
ht New York's leadership in the Insurance
,o-ld was maintained by Henry d. Appleton.
second state Deputy Of Insurance.
The arst important question that cam be-
fcro the convention was Uniformity Of State
TAXATION Of Insurance Comranies, which was
discussed In a paper read by President james
q Patterson Of the Travellers Insurance Com
many Additional interest attached to what
H. Batterson had TO say because OF the i'm
,res-lon that the Travellers Insurance Com
,sry may leave Hartford and move TO this
rt,. owing to the excessive taxation that Its
,o,k has been subjected TO In Connecticut.
The fav on the Travellers amounts to 500 a
.l,re each year out Of dividends Of SIS. The
oopyantion on Thursday took preliminary
s-rioY toward securing uniformity In
STATE laws c. r Heifner Of Washington.
chairman Of the Committee on Laws and I.egls-
lat,n. uFered a resolution. which was adopted.
thai the President OF the association appoint
~ three to meet during the year AT
dF.rert times. that the Insurance COMMITS
,oaer. Of the different States send delegates
Z, msa, with the committee, that the con-
r,,,es report at the next convention, and that
The Insurance commissioner take steps 10 have
TIE report OF the committee enacted into law
AL the Insurance commissioner present con-
elder TIL, an important step forward In the sim
tf,!us = the work of insurance companies
a. the different States
The convention put its foot down most en-
r7a,,cally upon the bleeding" methods Of In
,rlnce Commissioners Of certain Western
states
Mr. Appleton Of New York struck tho key
MT. u hi, action 10 his speech when he said
TIA. unnecessary and rerfunctory examinA-
ton, u insurance companies were coming to be
& public scandal Continuing, he said This
f. h. time or place to paTtlcuIarlHe there Is not
member OF hits convention who is at a loss To
unier,t md just the Departments ] am referring
and 'unre Is not a member Of this convention
Who reads the daily press and the insur-
fnra Journals who could not repeat, II
r. wished, the names OF the States | have in
mind | recognize, without, question, the
kgalty ~ the acton Of which complain,
legal by the laws OF the various States, they are
lot 10 any s'l.se made mandatory us to COM
lanie, ui other States. when such companies
ar TANNED by the home department. Every
COMMISSIONER should exercise the broad lis
Dictionary power given him and accept the
Nr Appleton's course met with emphatic
approval and the convention adopted the fol-
lie aIsf, That a. the Constitution Of the
TUl,ei States requires each State 10 accord
fAl faith and credit TO the public acts. records
and judicial proceedings OF every. other state
IN the hanlsn and patriotic spirit OF this require
reut, the Insurance apartment Of each State
should, a. FAR a. possible, leave the supervision
81 every insurance Compan OF another State
10 the proper department Of that State. That
the results u al examination by. one state de-
Iarfnent OF any company OF It's own state
shall be communicated TO the Insurance Depart
meut u any other state in which said company
I. authorized to do business upon the request
therefor 81 such other State department
INe Hartford companies have been particular
sufferers from this form OF insurance black
mail. and tie Connecticut Commissioned was In
favor Of the adoption OF a still stronger resolu-
ton, but ne convention compromised on that
gwen with the proviso that the lnsurance
commissioners 90 all IN their power 70 rave the
Stl'e-
The question Of uniformity in blanks brought
olt a difference Of opinion as TO the advisability
9 the retention OF the gain and loss clause
Mr. Appleton admitted the importance OF a
Uniformity In blanks, and said that New York
lad delayed the accomplishment OF the desired
i":orm because its supervising officials did not
favor the gain and loss eKhibii Fred l. cut
vsss He said that Massachu~etts had long ago
discarded the gain and los exhibit, and lie
q. 90 il non-utility, J. C.. Llnehan OF. New
HAMPSHIRE also thought the gain, and loss
exhibit should be eliminated from the blanks.
r Il Wolfe OF the Maine department disagreed
with Mr.. Appleton and the Others. lie thought
the gain and loss exhibit furnished figures
that could not be obtained elsewhere, Whom
4 came tn a vote y, 4. FaCkler Of the New
Je-'y d'pa tment reported for the Committee
o1 Blank, that the gain andlo-, eN hibit be elimin-
s'"t. and this report wa- adopted, 10 Ia I.
N important resolution on f%raternal lnsur-
an" va adopted, the vital clause OF which was
That tho time has come when II should be by
law re- tvlrrl that all societies hereafter organ
let 10 pay death benefits should charge an
table, ut mortality, and that suCh provisions
tupu.t b" recommended by the convention Tor
s|I,ptpu into law IN the different StateS
I"",a"u' Bonnet OF tie National fraternal
CONGRESS favored the report He said ne
!H'e~ral societies represented the man With
lie diUu"r pail hpt II had long been recognized
ma Ley We;" not organized on b'isine>- prln-
ciI', lie asked, N" commissioners 10 as
49, iuc iraierua. bodies IN getting the mini
M. tables Of rates udop'cd
several Of Mr. Appleton's recomme0dations
Ner' NOT acted upon by the convention, among
thfm me that Insurance companies be relieved
rom publishing an annual statement III the daly
Ir"-s also one that the various state DEPART
ia"'t- r"cipruCaIlv relieve companies from all
departmental charge.
The convention will meet Mt Seattle. wash,
heV yelr The new officers OF the association
Hf" resident O.ShaughnesSy OF Minnesota,
h'or-p-csidout. F. !. Sco'eld Of Connecticut,
Secretary. ! ! BrinkerhoT Of Illinois tNecu-
i've Commute" e q Heifn"r Of Washington,
An,l"'ol Of N"w YORK.. " II Hart o. Indiana
an lo,u b Chenault Of Kentucky Mr..
uN Ws're ~, ~" new president OF the as-o-
,fl0n, Wa born Ia Minnesota on May 30, 1880.
II na- been a. The head Of the Mime sofa de-
Iu'n"n' Tor two Years.