Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1906-11-27
UNIFORM POLICY
FOR INSURANCE
Commission Created by Last
Legislature Concluding
Its Work
UNIFORM POLICIES CERTAIN
Details of tho Recommendation Not
Yet Agreed upon-Hieher Rates for
Fraternal and Assessment Compan-
ics--Many vioIators of State Incor-
poration Laws.
special to Times-Repubiican.

Special to Times-Repubiican
Des Moines. Nov. S7-Not until the
insurance legislative commission meets
next Thursday will 1t finally determ-
inc on its report to the legislature.
The most vital questions are yet to
be determined upon, and none of the
really vital questions have been dis
posed of yet Any forecast as to what
the commission will do in its report
Is guess work.
According TO the law which created
the commission, it's report will have to
be filed with the state auditor by De-
cember !. The commission will meet
Thursday and will have then just
three days in which to finally deter
mine upon its report. The testimony
taken by the commission in it's hear
ings has been prepared and is In the,
hands of the state printer, but the
recommended tionx are still undecided
The commission will recommend
uniform insurance policy. This is
practically certain but the form in
which it is TO be recommended is still
being debated. Every question that
will be taken up In the report has
been debated by the commission and
the ground all gone over. All the
commission has to do when 1t meets
again is to decide, but that may be
the hardest proposition it has to do.
Thus far the commission is divided up
on the biggest problems of the re-
port.
Two forms of the uniform policy
have been prepared, one with CO.
insurance clause and the other with
out. The commission will decide when
1t meets again which it will recon-
mend. The pressure that has been
brought TO bear on the commission for
a co-insurance clause has been some
thing great Both the insurance COM
panies and the large insurance policy
holders want the clause, but there is
firm conviction that it is practically
repeal of the Blanchard anti-com-
pact law, and some Of the members
on the commission are opposed to it,
The commission has debated eX-
haustively the question Of rates for
fraternals and assessment life insur-
ance companies, but has not decided
what to recommend. The members OF
the commission seem agreed that there
should be higher rates, and when they
meet Thursday they will have before
them the several tables Of rates. There
is likely to be some wide differences
of opinion on the exact rates to recon-
mend as the minimum.
The compulsory arbitration clause in
the fire insurance policy is another VII
tai question that has not been decided,
as is also the question OF the annual
or deferred distribution of surplus in
the case of life insurance. The COM
mission will meet Thanksgiving day
| to finally determine on these ques-
tions.
| The Pullman Palace Car Company
and the Chicago Great Western Rail-
way are each doing business in the
state of Iowa Illegally. Neither COM
pany has filed with the secretary of
state certified copies of its articles Of
| incorporation and paid the fee as re-
quired Of all corpora tions in the state.
| The condition as to these two big COM
panies is only typical of the condition
as to great host of smaller corpora
tions that are illegally doing business
| in the state. This condition further
more is one of the things proving that
| the corporation laws of the state need
| revising.
At the last session of the legislature
| the proposition Of revising the corpor-
alton laws of the state was mention
ed to some extent but no member of
the legislature seemed disposed I'd take
| the matter up. The attention of sew
eral lawyers was called to the matter
as being worthy of their best efforts,
but altho it was recognized that there
| was need of some legislation along that
line nothing was done. In addition
to the failure of the two big corpora
tions as named above to comply with
the law. the county attorneys state
association is on record as saying that
there should be legislation to enable
them to fight the illegal trusts. Henry
Saberson, chief clerk in the office Of
the secretary of state and at one time
a member of the legislature, has given
/
| considerable study, since as chief clerk
of the office he has charge of corpora
ton filings.
"There is as much or more need of
the legislature appointing commission
to make a study Of the corporation
| laws of the state with a view to re-
writing them as there was of a COM
mission rewriting the Insurance laws
of the state" said Mr.. Saberson today.
"The law requires that corporations file
in this office certified copies Of their
articles Of Incorporation and pay fee
for the fling and they are not allowed
to do business in the senate till they
do hit many of the corporations do
not comply with the law, but this office
has no way of compelling them to COM
ply. The only means we have of get
ting them to comply Is to write them
lletters which they usually pay no at