New-York tribune., 1905-08-18
HOPEFUL FOR INSURANCE,
COMMITTEE OPTIMISTIC
Confident of Uniform Policy-Fust
Meeting Ne.rt THURSDAY.

That not merely the Western Insurance cou,ni,
sioners but the New-York State Legislative CON-
mittee looks for uniform insurance policy a.
suit of the forthcoming investigation was sub,,.
TALLY confirmed yesterday By Asssmblyuan p
Prentice. the secretary OF the committee W..
details were lacking. Mr. Prentice told a T-tbr-
reporter that this subject had been discus se aI-s
by the committee. the commissioners having to,.,
in the discussion.
simultaneously with the receipt YESTERDAY h -,
insurance companies doing business in this Stat
a printed circular from the COMMITTEES iuvitin, 49,.
sestions II was reported that certain EquitablA -
terests had asked the committees invests zstio, -
the naturalization features OF the New-Yorx -
and the Mutual Life. As the legislatures re>ol,,r
providing for the committees appointment aT,.--
~ mentions as subjects FOR invest Iga ton fba -
eminent and control OF companies "a we'll =. th.s
contractuaI relations 70 policy yhoiders II ts .-,,
probable that the various 'mutusIzatIons' viii =
investigated.
The first meeting OF the coror,ittsa v5,r - ,
probably week from to-day. Charles p t4r.s
James McKeen's associate as counsel - eYnsc,..
10 arrive on the kronprinz Wilhelm on Tu.ad
Two days il Is expected. will be psrnit,Ad :.
eiapse between his arrival and date OF the sr.
full meeting. to enable the gas inquisitor % a.,
himself in the inquiry.
Senator W. W. Armstrong. the chairman az til
committee. may not return before the actual d.,
Of the meeting Then or before then. Senator -.
strong. II is expected will announce the z,cces. =
II.
to accept the committees retainer as advisor,
counsel.
Apropos Of this Mr. Prentice said yesterday:
For my part. I shall not consider the o,sz.i,
hopeless until Senator Armstrong has seen NJ
Choate and Mr. ChOate has definitely refused -
The legislative committee sent out ves.s-4,,.
some forty-four life insurance companies do,,x
business in the State printed letter which a,rs-
reclune the resolution appointing the COMMITTEES
with the names OF the committeeman closes thu,
AT an early date 1t is the purpose OF the com,
nlttee TO request specific information upOn CERTAIN
subjects and to proceed with the investigation In
the mean time any communications from you en-
bodyinS suggestions which may tend 10 exDed,rs
tue WORK or the committee they will glad to re-
ceive"
The letter. it is said. was sent to fourteen sta.
institutions. twenty-eght institutions OF Other
states and two Canadian companies. all doing bust
ness here
Ihe specific information asked for may be on
tanned by sending to each company a list OF ques-
lions along similar lines TO those Commissions
Folk OF Tennessee has sent already.
The portion cited of the committees letter is con
strued by many OF those interested as SECOND
suggestion that officials OF one company furni<s
hints OF the business methods OF others Aecordnz
10 communications received. the COMMITTEES Is bens
Urged 70 extend the scope Of its inquiry certain
rraternal and assessment concerns
Great interest was caused here by the virtusl
announcenent that President Roosevelt at the next
SESSION OF the natIonal legislature will recommend
the enactment OF legislation providing for federal
supervision or insurance As 70 the measure of
senator dryden or New-Jersey, introduced IN the
Senate last session and providing for supervisory
control OF Interstate insurance by the Bureau OF
corporations several OF the Dig companies here
WLIto apparently colcedins the desrabiry OF some
such consunmation reiterate that the Slpreru4
not article of commerce. but a CONTRACT he
tween company and poltcyholder. and that the s,i-
versing itself.