Omaha daily bee., 1906-02-03

The resolutions follow:
First-We believe that the system COM
monty known as the deferred dividend plan.
which consists In deferrng all dividends to
the end of period named and Of forfeit
ing the share of the surplus justly belong
ing to those policyholders who either lapsed
or died before the end OF the period, is un-
sound in principle. unjust In its operation
and such legislation should be enacted as
will remove the evils of this system.
. With respect to policies of that character
to be issued there should be required from
this time forward an annual statement and
provisional apportionment of surplus to
each policy holder and the aggregate so
apportioned TO such policy holders should
be charged as a liability of the company
With respect to all future policies there
should be an annual accounting of the sur
plus. an apportionment TO begin a proper
time after the issuance OF the policy to
each policy holder OF his share of the entire
surplus of the preceding year. reserving a
reasonable margin of safety and an option
on the part of the policy holder to with
draw his share in money. Other options
relating to the purchase of additional in
surance may be included.
Second-With respect to the repre- senta-
tive form of government OF mutual insur-
ance companies We have carefully reflected
upon all the plans that have been pro-
posed. We recognize the difficulty In &C
complishing the much desired result, We
are impressed with the necessity OF a
change In the present methods and we sug-
gest for consideration by the committee
the adoption of some plan whereby there
will be in each mutual company a division
OF jurisdiction, with the right of the policy
holders OF each Jurisdiction to select a rep
resentative OF representatives to attend the
annual meeting OF policy holders. the de
tails of such plan to be devised so as to
bring as nearly ls possible TO each policy
holder the convenience and practlcabiity
OF exercising his right to a, voice in the
management OF his company.
Thrd-With respect to publicity we be-
lieve that the existing laws Of many states
are sufficient to authorize the departments
OF insurance to call for whatever informa-
ton Is desired The remaining states should
confer upon their insurance departments
like powers
Fourth-With respect TO investments We
believe that while all investments should
be conservative and exclude speculative
properties. il Is imora 10 attempt
uniformity among the states. Each state
must necessarily determine the question
with reference TO its own peculiar condi-
tions.
Fifth-With respect to standard forms of
statutes OF the several states should pre-
scribe the forms OF life insurance policies
and that no other forms than those so
prescribed should be nermitted Uniformity
on this subject is the highest degree de-
sirable ard an earnest effort should be
made to secure that result. In preparing
these fCrUs the extreme OF care should he
exercised IN order that tnev may embrace
every legitimate contract Of insurance and
do no injury to any class Of c0mnanies.
SiNth-RrsnectinR the several other sub
iects enumerated ~ this conference for
discussion and ratified TO this committee
we believe that this conference should not
now fully declare it's convictions. but that
tho con~'ttee Of fifteen should further
carefully investigate and consider the same
in formulating tn" pr' NOsed regulation of
life insurance Companies.