The Montgomery advertiser., 1906-02-02
TALK ON INSURANCE
CONVENTION IN SESSION
 IN CHICAGO.
Governor Johnson of Minnesota Presades as Caiafrman--No Action of De- cisive Chararter Taken
 Yesterday.

Chicago, Feb -Four Governors. Representatives of thirty-two States, members of state Commissioners Con- ference on uniform legislation and rep~ resen tatlves of the National Under writers Association were recognized as duly accredited delegates to the National Insurance Convention called by Insurance Commissioner Thomas F. Drake at the instance of President Roosevelt, which convened in the ban Quet hall in the Palmer House today.
 Discussion of the deferred dividend system of life insurance occupied tho attention of the delegates and at the close of the afternoon session. that topic, together with a number Of oth. CTS to come before the body, was re- ferred to a committee. No action or decisive nature was taken.
 Thomas F. Drake. Insurance Com missioner of the District of Columbia, presided at the opening session and called the convention to order.
 The report of the committee on per- manent organization was presented by A. L. vooryes of Ohio. naming Governor John A. Johnson of Minnesota as chair man and Frederick Fl. Nash of Massa- chusetts as Secretary. The report was adopted unanimously.
 Governor Johnson, in taking the chair, spoke briefly.
 Permanent Organization.
 The report of the committee of Per manent Organization recommended that a committee Of fifteen be appointed by the chairman to formulate a Dill or bills with a view to the establishment of a uniform system of statutory regu- lation of legal reserve life insurarg'e in the several States.
 The committee was instructed to give particular consideration to the follow ing studies:
 Deferred dividends, representative form of government in mutual compa- nies; publicity, limitation of age in lire insurance; investments, limitation Of expenses to loading and r"strctions on cost of new business; limitation of amount of business and assett; method of determining leading, nom forfeiture provisions, investments in individual States of a percentage of tho reserve on the business in such State; reports in annual statements of dividends pald' credited or provisionally credited under different forms of policies, at the sew eral ages of entry and several years in force.
 A motion by Samuel B. Davis, Insur- ance Commissioner of Nevada, that a committee on credenti tials be appointed by the chair, brought out a demand from c. ". Scovill of Pittsburg, presl- dsnt of the National Association of Life Underwriters. for voice m the affairs of the convention.
 MT. Davis declared that he desired to limit the voting powers to the state Insurance Commissioners and Attor- ney Generals
 Present by Invitation.
 MT. ScoyilI declared that he was pres ent by special invitation and possessec rights equal to those of such state or ficials as might be In the cohVeh.loh'
 Some trouble had been anticipated on the question of representation and a wave of subdued excitement came over the convention when 1t was preached. Chairman Johnson announced the com mittee on Credentials and that body went into executive session at once. A recess was taken pending the re- port of the committee.
 At the opening of the afternoon ses- sion of the convention the report ot the Committee on Credentials was sup mitted. which was adopted. This re- commended that each State or Terri tory represented by it's governor AL torney General. Insurance ConmlssIoh- CT or any official serving In the capac- ity of one of the officers named shouia be entitled to one vote. It was recon mended that the discussion should De open not only to the officials mentioned
 
 nnissIoners on uniform State laws and ! of the National Association of Life Un derwriters who had been invited to at | tend. 1.-
 c. W. scovil of Pittsburs' represent ing the Life Underwriters Association announced that his organization had voInntsrIIy waived the right to vote | simply to obvlate any misunderstand. ing on the part of the House House son una. ta. l tion.
 | aesoIutions Committee. l Committee on Resolutions was ap noInted by Chairman Johnson consist ing of Governor Cummins or iowa chaiTman R. E. T9Ik' % HsT9sos' Tsn4sssse; MsssS H Barry, Michigan M' figj Wisconsin
 FoIIow,ng the adoption of the repor of tbe Committee on credentials, Al tornsv General Mayer of New fork ad dressed the convention Ae devote
 Sis address chiefly to pointing out ts
 nsesSsity for strict unitormi'Y or ssa'