The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-04-13
FOUR INSURANCE BILLS PASSED
ONLY TWO OF THE EIGHT REMAIN
TO PASS 10th HOUSES.
They Are the General Insurance Bill and
the Bill Relating to Perjury. Which
Have Passed the Assembly and Are q
Special Order In the Senate Next Week.

Have Passed the Assembly and Are q
Special Order in the Senate Next Week.
! ALBANY, April 12.-Only W of the Ann
strong insurance Investigating COMMITTEE
bills remain to pass both houses OF the
Legislature. The Senate has yet to pass
the general insurance bill. But for the
fact that the Senate amended the bill per-
tanning to perjury the Assembly would be
clear of the insurance legislation. To-day
the Assembly passed the general insurance
bill without a dissenting vote, after five
hours debate and many attempts to amend
which failed. The general insurance bill
has been made a special order in the Senate
for Wednesday next and will no doubt pass
that body without change. The bill per-
tanning 10 perjury wac amended in the
Senate on Tuesday, but has been made a
special order for passage Monday night.
It will be repassed at once in the Assembly
when it is returned. To-day the Senate
passed these bills:
Prohibiting corporation contributions to
campaign funds.
Making it a misdemeanor for an officer or
employer Of an insurance company to rem
der false statements.
Permitting a po%licyholder to be elected a
director Of an insurance company without
being a stakeholder.
Prohibiting lobbying,
{ The bills in regard to false statements
and lobbying had been amended in unim-
portant particulars in the Senate and were
at once sent to, the Assembly, which body
| concurred in the amendments, and the bills
now go to the Governor for his signature.
The Senate bills in regard to campaign
contributions and permitting ~policyholders
to be directors were substituted in the
Assembly for the Assembly bills and passed
at once, They now go to the Governor.
The chief interest in the insurance bills
has centred in the general bill. This bill
completely revolutionizes the insurance
laws OF this State. 1t has been known all
along that the big life insurance companies
were most nxlous to have this bill changed,
and it narrowly escaped being amended in
the Assembly. Possibly but for the per-
sonal efforts of Senator Armstrong the bill
would have been changed: The Masonic
Relief Association OF Buffalo has been
vision which prohibits the organization in
future Of assessment insurance companies.
and prohibits foreign assessment companies
from coming into this State.
.~Assemblyrnan Cox OF Buffalo, a member
Of the Investigating committee. led the
fight in the interest OF his amendment
striking out the provision affecting assess
ment companies. While the debate was in
progress Senator Armstrong entered the
chamber and fitted from seat to seat and
! spoke TO members. This angered Assembly,
man Cox. who made a second speech in
| favor Of the assessment companies, and
said Il would like to prolong this debate
so that the distinguished Senator could
| personally interview all the members.
! Senator Armstrong was then talking to
~!Assemblyman Mead and occupying Assem-
blyman Rogers's seat.
A~ssemblyrnen Merritt, Hooker Phillips
and Steele assisted Assemblynan Cox IN
his fight. The bill was defended by As
Wainw night and Oglesby. 1t was pointed
out that all assessment insurance COM
panies that had become straight life in
surance COMPANIES and had been investi-
gated had either gone to the wall or were
IN trouble. ~!Assemblyman Wemple called
attention to the. Empire Life, the Security
Mutual and the Mutual Reserve Life AS
ISOLATION as samples, Mr.. Wemple said:
Every investigation showed that the ma
jority Of these companies are unsafe and
insecure,
The motion to amend was defeated by
a vote OF IS to 35.
The amendment offered by Assembly
man G. NJ. Palmer was the most commend
that could be paid to a he insurance presi-
dent to $50, 900 a year, no other officer to
get more than SSo 1000. The Democrats
fought for the amendment. They showed
soioitude for the agents and demanded
that restrictions be placed on the higher
salaried officers and employees, The
amendment was defeated by a party vote,
Assemblyman Merritt being the only Re-
publican to vote with the Democrats. Other
amendments we're offered and de-
feated and then the bill was passed with
ia votes in its favor,
In the Senate Senator Marks made an
effort to perfect the lobbying hill, but