Omaha daily bee., 1906-11-27
FRAMING INSURANCE RERORT
Commission Meets Tuesday and Has Three
Days to complete It's Work,
STATE TOUCHING ON IT'S CASH REsERv.
Eight Hundred Thousand Dollars
Available fer, Appropriation ny
Legislature for Expenses of the
Coming Two Years.
lEron q $40 correspondent.l

tErom stun Correspondent
DIES MOINEs, Nov. 26.-(special. t-Iowa's
Legislative Insurance commission will meet
On Thanksgiving day TO complete the lea
port 20 the legislature on insurance leglsla-
ton. AS a matter OF fact almost none Of
the vital matter5 OF the report have been
definitely determined upon. Two sides to
almost every question have been prepared
Ly Secretary Byrkt and will be laid before
the commission Thursday for the final de-
o cision The testimony OF witnesses is al
ready In tho hands OF the printer. but tho
report itself is undecided. According to the
law creating the commission it must have
the report ready and filed with the auditor
20 be printed not later thar December l.
The members Of the commission are now
at their homes and will meet Thursday,
and VIII then have three days in which 70
complete the report, Il is practically GER
stain that the commission will decide on
raise ia the fraternal insurance rates.
but decidedly uncertain ~. to how much OF
raise, and the commission Is not one on
the amount by any meanss Enormous pres
sure has been brought to bear both on the
part OF the officials of insurance companies
AID also on the part of persons carrying
large irsurance risks for a co-insurance
clause, buk some of the members OF the
commission oppose It, BELIEVING It virtual
repeal of the blanchard antitrust law.
while others favor x The commission has
already debateu the Proposition at great
length, but has reached ~ final decision.
and there may be some troubs2 in reaching
The final decision. The question on annual
or deferred distribution OF surplus in the
case OF life insurance companies is s
undecided. The, uniform policy bill has
IN, hrk ~
shapes by the secretary One OF the forms
win likely be decided upon. but the commits
sion is divided on the proposition II is
so with every vital question in the report.
Speculation has been made as to what the
report will be and thSre are reasons for
believing that the forecast previously given
out Is about correct, but It is not definitely
known. II Is believed that the report will
be against the annual distribution of sur
plus IN life insurance and against the CO.
insurance, but in the final deliberations OF
the commission there may be some sur
prises
Auditor Files Report.
Auditor Il. r. CARROTS report shows that
the expenditures OF the state Of Iowa are
gradually increasing and making inroads
on the cash balance. According to the re-
port there will be but $4,000 available
for the coming general assembly to vote
In appropriations for the next biennial pc
l'iod. The last general assembly had about
s6Oo.0OO TO vote in appropriations for a pc
riod OF one year The report shows thai
tho receipts for the year ending June 80
1895. we're ts.46S15O. an increase Of 1898
over the year ending June 80 1906 The casl
balance. after deducting all outStandinl
warrants. is SS1l .S22.S4 and a year ago 4
n nf no,
the next biennial period Auditor Carol