New-York tribune., 1906-01-04
INSURANCE BILLS IN.
Senator Bracket Would Hare State
lSuperinterdept Elected.
rpy telegraph . The Tribune


A1bsnv Jan S-Senator Bracket introduced to-
day a group OF bills which If passed would effect
radical changes IN the insurance situation. He e
rnands that the Office OF State Insurance Superln-
tendent be made elective and asks complete re-
organization Of the department He would regulate
the salaries Of Insurance officials and compel COM
panies TO pay annual dividends on their policies.
Practically ell the evils disclosed by the insurance
investigating committee were fitted with remedy
In his main bill. an amendment to the General In
suranoe law. In addition there was another BILL
about two lines long. but big IN significance. II
provided for the repeal Of Section e6 Of the State
Insurance Law. which forbids any citizen bringing
suit against an Insurance company without obtain
ing the consent OF the Attorney General
The introduction OF these measures forestalls the
insurance committees legislation. Senator Arm
strong said to-day that his committee was az work
on its report, hut would be able TO present It
for several days Some political observers here
say that Mr. Brackets prompt introduction Of
these bills IS without its significance in the
political situation. They sllege that in previous
insurance developments Senator Bracket has been
working along the same lines Ex-Governor Odell.
Senator Brackett's main bill provides for the
amending Of the general insurance law TO permit
the abolition OF the Office of State superintendent
OF Insurance. as an sppointive place by December
81 igiS snd q REORGANIZATION of the department be
efectsd. making the ONCE elective The bill pro-
next eIectioH The salaries of life Insurance Off;
ot@If Of TIE Z STATE tsstaS5c snSerintenJent ii
No children under thirteen years old should be
system viii be stopped and all dividends declared
lists of policyholders Of any company should be
open to the inspection Of any policyholder the bill
saws and the investments Of a company should bs
subject 10 close restrictions. Proper investments,
Il says, would be those which are now held proper
for a savings bank.
made ft, a rnisderneancr for any person 70 avoid
sccepttng the service Of q subpoena other legal
process. The bill is designed 70 discourage the
habits of wealthy subpoena dodgers illustrated
recently in the suit brought by Missouri against
the Standard OIL Company, now on reference IN
New-York City.
Senator Marks also introduced q bill which is
the result OF the insurance investigation II IS de-
signed TO check a grating in, by and on life in
surance railroad, gas and electric light power,
telegraph. banking public service and transports
ton corporations and trust companies. Senator
Marks was called to define grating :
The medical parlance," said he recognizes the
transfer OF skin from the body Of one person 10
heal wounds the body Of a patient, where i
fastens permanently. That process is called graft
the process by which money is transferred from
fts way into the purse of some private fndtvi-
1,al or public ofic!a stick there permanently, TO
his personal Grating is the full dress term
for what IN the palmer language IS known as roc-
berry emblezZlement."
The bill provides for recording the name of every
person employed directly indirectly 10 influence
legislation and the expended by each one
full details must be kept by the companies, IN
cIuding receipts and vouchers for each expendl-
fure all these details must be filed with the Secre-
tary OF Stete a. the end OF each year.