Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1906-03-13
Calls For Appointment of Com
mission to Investigate Iowa
Insurance Laws
WILL BE NO PUBLIC HEARING
Committee Has Reached the concu-
sion Reports on Insurance Companies
by Auditor Carroll Have Been suffi-
ciently Thorough and lnquisitoriaI
lnvestisat is Not Needed.
Special to Times-Republican.

Special to Times Republican.
Des Motnes, March 13.-The Warren
insurance bill calling for the appoint
ment of IL commission to investigate
report to the general assembly, will he
reported from the sub -committc. on
insurance i'm the senate this week, per-
haps the first of the week. It will he
reported substantially as the bill Was
drawn by Senator Warren and the
Molsberry resolution along the same
lime which is In the hands of the COM
mittee but which provides for public
hearings by committee of investiga-
'tion into The conduct of the companies
Will be reported for indefinite post
ponement. While both the bill and res
olution had for their ultimate purpose
a report csn the need of insurance leg
islation they are radically different in
the means, to am end and the fact that
The committee will report for the War
rem bill means that there will no pub
business Of the state will not be torn
UP for a year or SO by an dnquisltorial
legislative investigation
The MoLsberry resolution and the
Warren bill were introduced very early
in the session. The bill is senate file
No. 13. They were together referred to
sub committee of the insurance
committee. This committee has had
before 1t the state auditor and his ex-
pert insurance Investigator, Mr.. With
ington, and now has before 1t the re-
suits of the Investigations which dur
ing the past two years under the in
creased Authority given him by the
lrhi9tieth general assembly. It is learn
ed now that the Subcommittee has
reached the conclusion that the re-
ports into the condition of the insur-
ance companies made through the
auditors office have been sufficiently
thorough that it would not pay the
state to investigate the companies, but
that there is room and need for a leg
islative commission to look into the In
surance laws and report any changes
needed. This report Of the 'sub-com-
mittee will first be made to The insur-
ance committee 1t is believed that the
committee. will be disposed to accept
the recommendation of THE sub-com-
mittee AMI so report ito the senate, tho
of course the entire committee will be
at liberty to adopt or reject the report
of the sub committee.
The Warren bill, in favor Of which
the subcommittee has decided, pro-
vides for the appointment Of two SEN
ators by the lieutenant governor. and
three representatives from the house by
the speaker, to constitute legislative
commission. The commission is given
authority to employ such clerical help
as is needed to perform the duties
imposed. AS provided by the bill, the
commission shall meet at the capitol
as soon after the adjournment as pos
sible. and organize by electing one OF
their number as chairman.
The sections of the Warren bill that
are the vital part, and describe the
duties of the commission, are Sections
and z, which are as follows:
Section s. Said commission shall
have the power, and it is hereby made
its duty, 10 thoroughly investigate the
system. practice, character and policy
OF all insurance written and done by
the insurance companies doing business
in this state, and for the purpose OF
securing information, said commission
shall have access at all times to the
office of the auditor of state. under
the direction. supervision and author
ity of the state auditor, who shall lend
ocin
such assistance, counsel and informa-
ton as it is in his power to give to
carry out the provisions of this act.
Section Z. Said commission shall re-
wise the insurance laws of this state
and make such recommendations in
reference to perfecting the same as the
investigation herein provided for and
the judgment of the commission shall
approve, and said report shall contain
all recommendations upon said SUBJ
ject. and shall also contain such rec
concentrations as such committee shall
approve concerning a uniform stand
ard policy Of insurance, and the form
of such policy or policies recommended
The bill provides that the report OF
the commission shall be filed with the
state auditor on or before Dec. l. 1905,
for distribution to the members of the
next general assembly. and that the
report shall be printed. The commits
sion is to be paid $40 day for each
member and the actual expenses of the
m embers All expenses and salaries
to the commission or its employees are
to be paid from the contingent fund on
approval Of the executive council. The
bin has publication clause to provide
for its going into effect Immediately
after its passage and publication. SO
that the commission can meet at once
and begin work.
BOONE PIONEER BURIED TODAY
James Newton GiIdea Had Highest
Regard Of All Who Knew Him.
Boone. March 13.-Funeral services