Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-10-01
NEW INSURANCE LAW
THIRTY-SEVENTH CONVENTION
OF COMMISSIONERS

Preliminary to the meeting of the thirty
seventh annual convention Of insurance
commissioners which begins at the Ar
lington tomorrow morning at 10 o'clock, a
meeting of the committee on uniform leg
islation appointed at the conference OF
governors. attorneys general and insurance
commissioners held in Chicago In February
of this year, and includes the members
of the subcommittee on standard forms OF
and standard provisions for life insurance
policies. was begun at IL o'clock today In
the large hall Of the Arlington.
A. /. Vorys chairman of tie subcemmit-
tee, presided over the deliberations OF his
subcommittee. and later. when the meeting
of the entire committee began. Chairman
Thomas d. O'Brien was the presiding OH
Ger.
When the meeting was called to order the
roll Of states was called. and it was found
that Colorado, Della ware. District Of Co
lumbia. Illinois, Iowa. Kentucky. Mary
land. Minnesota. Massachusetts. Nehrssaea'
New Hampshire. New JERSEY. New York.
Ohio Virginia, West Virginia, Wisconsin
and Texas had representatives.
The members Of the American Bar Asso-
citation present were: Prot William r.
Washington University: R. w. Breckin-
ridge, Rodney A. Mercer and Robert A.
Dunlap. The National Underwriters Asso-
citation was also represented by Messrs.
Charles W. Scovei. president, Pittsburx: F.
e. McMulfen. vice president Rochester. N.
Y; Robert r. Sheldon. second vice presi-
dent, Atlanta. Ga, and E. ]. Clark. secre-
tary.
Statement by Chairman.
In opening the meeting Chairman
O'Brieh stated that every legislative
body in the United States was interested
in insurance legislation and that ii was
thought that the conference would ID
much good 1t was later stated that sew
eral of the members of the committee On
insurance of the Ohio legislature were
present at the meeting
The report Of the committee on uniform
consists Of Thomas D. O'Brien chairman.
Zeno M Host, B. F. Carroll, j. l.. Pierce.
Henry r. Prewitt. Reau E. Polk, Thomas
e. Drake. W. d. Vandiver, f. Myron Wolf.
Adams, E., T. Young, J. H. Meyer. J. E.
Bird. F. H. Nash. s. E. Stilwell. N. E.
Hadley and John A. Hartfgan.
These gentlemen reported that all matters
had been settled with the exception of the
reports of the two subcommittee the first
being that on the annual reports by in
surance companies and the other on stand
ard forms of policies.
The statement was made that the sub
committee having the first named subject
under consideration In charge. was excused
from reporting upon the ground that its
subject would be covered by the report OF
the committee on blanks of the issuance
Commissioners Association.
Discussion of the report Of the subcom-
mittee on standard forms of policies was
then begun. This committee consists of
A. /. Vorys chairman: J. E. Bird, Julius
NJ Meyer. Reau E. Folk. Henry r. Pre-
witt. Jno. A. Hartigan and N. B. Hadey.
First Section Discussed.
The first section of the report was taken
up. 1t stated: mo policy of life insur-
ance shall be issued in this state and nc
policy OF a life insurance company organ
lied under the laws of this state shall be
issued unless authorized by this provisions
Of this act
This section provoked much argument
both by members of the committee and by
members of the American Bar Association
but was finally adopted with the provision
that it may be again considered
Later the provision to change of bene.
f1ciary'' and 1.-The right of revocation was
discussed. and the convention adjourned
shortly after O'Clock for luncheon.
When the members of the committee re-
assembled after luncheon they began to dis
cuss the subject Of the payments OF pre-
miums. During the afternoon they viii
probably discuss conditions Of policies and
the following subjects Incontestibility. par
tclpation, dividends. assignment, option or
surrender or lapse. options at maturity, ia
bles of instalments and standard policies.