The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-04-19
EMASCULATB INSURANCE BILL
BLACk HORSE CAVALRY no THEIR
WORk IN THE SENATE.
They Succeed In Striking Out the Most
Important Provision In the General
Revision Bll. the One Which Would
live Access TO List Of POlicyhoIdePs.

They Succeed In striking Out the Most
Important Provision In the General
Revision Bin. the One Which Would
Give Access TO List Of POlIcyhoIdeRs.
ALBANY, April 1s.-Not in years has the
insurance lobby and the Black Horse, Cav
airy accomplished so clever a piece Of work
as they did in the Senate to-day. BY a
vote of 20 to "a, with every Senator voting :,
they struck out of the general revision OF
the insurance law reported by the Arm
strong investigating committee one of
the most important provisions which go
10 make UP the general insurance reform
structure erected by the Armstrong COM
mittee, the one giving a policyholder ao-
cess to the list of policy holders. This ,ao-
ton came like a thunderbolt out OF a clear
sky, and it was apparent that the plans
for it's contamination had been laid cum
ningly. The vote shows that to any keen
observer of legislation who is familiar with
the personnel of the present State Senate.
The provision eliminated from the bill
provided that five months previous to the
election Of directors of mutual life insur-
ance companies in his State the CORPORA
ton shall file with the Superintendent of
Insurance two complete lists Of it's policy
holders, with their addresses alphabet
cally arranged and classified by States
and Territories and by foreign countries.
Two similar lists also were to be maintained
at the corporations home office and at such
corporations general agencies in every
state and Territory in the United States
and In foreign countries. 1t was provided
further that these lists should be subject to
inspection and copy at any time during
business hours by any policyholder Of the
corporation or by his authorized repre-
sentative.
The above provisions were stricken from
the bill on motion of Senator Horace White
Of Syracuse, who represents the Senate
district Of State Superintendent Of Insur-
ance Francis Hendricks. Senator White
was away from the Senate last week and
spent his time in New York city. In place
of the provisions eliminated Senator White
had adopted the following provisions:
At any time and from the time within five
months prior to each election Of directors
every domestic corporation whose policy
holders are entitled to vote for directors,
upon request of one hundred or more qualified
voters thereof who have made or who con-
template making nominations for one or
more vacancies in the board Of trustees to be
filled at such election, shall, with all reason
tpN IiSAil'NhNgP INV Noubo u
be addressed and mailed to each policy
holder thereof, or to each policyholder In
any locality designated by such one hundred
or more qualified voters. at his known post
Office address. any and every communicated
which such one hundred or more qualified
voters may furnish IL for the purpose, securely
enclosed in appropriate envelopes, each
having thereon sufficient postage prepaid
by them. this provision. however, not TO
apply to holders Of industrial policies.
II will be seen that Senator White'samend-
ment places the policyholders who desire
TO fight the present managementNf the in
a companies at the mercy Of the
corporations, and will enable the present
officers Of the big Three" insurance COM
panies to continue themselves in power
at the reform election OF trustees to be
held next November. Senator Whites
motion was adopted by the following vote:
ArEs-senators Brown. Burr, Carpenter.