The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-01-10
INSURANCE LEGISLATION.
Business Mems Bills Presented in
Both House and Senate.


REPUBLIC SPECIAL
Jefferson City, Mo-, Jan 9.-The insurance
bills prepared by the Business Mems League
Of St. Louis were introduced in the Senate
end House this morning. Senator Clarke of
Kansas City Is the father Of the measure
In the upper branch. and Duncan of st.
Joseph In the House. Edward Hooker OF
st. Louis is here representing the Business
Mems League in their interest, so that the
three large cities are represented.
1t amends section 1859, Revised Statutes Of
the Words PROVIDED. I that a the the insarer hssea
This is a repeal Of the valued valued policy law.
Under the present statute the company
must pay the full value Of the policy in
an injury to them and prevents them from
securing an adequate amount Of protection.
Senator McIndoe Of Jasper will Introduce
must start to rebuild at the end of sixty
days and complete the work with all pos-
stble speed :ss. - So
Senate bill No q is House hin No ~
1t is a new statute authorizing local fire in
eurance agents to make schedules for rating
in cities and counties where, they are To-
Gated. The bill is as follows:
State of Missouri, as follows:
surance company doing business in this State Z, to
enter saa into any contract agreement or combina-
company or the representatives or agents Of any
other company for the purpose OF establishing or
maintaining schedule OF rates. But the local
Are sre insurance agents IN cities and counties may
and establishing schedules for rating for them.
selves and for the companies they represent:
Provided: that said schedules are designed 10
give credits for improved construction of build
ines and other conditions Of safety from re dan
gers and give like rates to all assured whose
properties are identical In hazard such local are
insurance agents may enter into any agreement
b@tween themselves to administer such aesocia-
tions: Provided. however, that the schedules up
be open to the inspection OF the assured or any
person applying for insurance: and provided f,ir.
ther. that said associations formed for the above
shall maintain inspections Of the prop
critics covered by its Jurisdiction and ratings. |
quest the owners of the properties inspecfed With
statement Of the dangers of fire noted by said
inspector. -7s
Sec: 2; This act shall not in any manner repeal
or modify section ss6S Of the Revised Statutes OF
lsea excent to permit local fire Insurance agent.
to exercise the privileges defined in section i Of
this act ~
The third and last bill in the crusade for
-eform Of insurance laws is numbered "a in |!
he Senate and Il in the House II fs called
he co-insurance feature whereby a mer-
liant may make private contract with the |
insurance company and receive a lower rate I
han the law now encourages The amend
nent is to section 1872. Revised Statutes OF |
S99, and adds after the word property" at
he end of the ninth line. the following:
Unless the acceptance by the insured OF
aid clause or provision Is indorsed upon |
he policy by signing across said clause or |
the name of the assured to whom !
aid policy is issued: and further amend L
aid sec1on By strfkins out Of The eleventh