Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1906-12-27
Commission Signs Report.

he I'D, Commissioner Kendall and
ones reserving the right to file Q
minority recommendation relative te
.eferred dividend policies.
4 The minority report win be filed
8 soon as prepared. Commissions
RS Jamison, Bleakly and Clary di
ected Secretary Byrkitt. to hold
heir report and not to file it until a
uture date. The commission did
'ot adjourn sine die.
The majority of the commission up
lolds the deferred dividend policy
nd recommends against legislation
estrictive of its issuance, despite the
recommendations of most of the other
tates, OF all the insurance superin-
endents' organizations and the pas
| sage OF laws by the state OF New
fork. No restriction OF salaries and
Ither expense will be recommended
~ the majority.
Commissioner Kendall may decide
% go to the extent of recommending
law prohibiting deferred dividend
policies altogether; Commissioner
Jones may join with him, though he
las regarded an absolute prohibition
IS non-feasible at this time. Both
are opposed to the plan of the major.
,ty, and they viii urge legislation,
they declare, in the interests of the
policy holders, by insisting on laws
requiring individual annual account
ing of the companies with their police
holders and the limitation of expense
loading to protect the surplus so &C.
counted for.
The most important thing in the re-
port OF the commission is the provi.s-
ion recommending the enactment OF
a statutory uniform fire policy. This,
In effect, will set aside the effect of
the present Iowa law which has been
so construed, and in terms make an
insurance agents representations
part of the contract
This recommendation also original
ly included the repeal of the Iowa
law against reinsurance which has
been Endorsed by policy holders, and
which the auditor of state vigorous
ly defended. Next to the repeal of
the Blanchard law the repeal of the
statute prohibiting reinsurance is
desired by the fire companies.
The second most important and
drastic recommendation is that relat-
ing to fraternal beneficiary societies.
1t urges the passage of a law to pre-.
vent the organization Of these socie.
ties in Iowa in the future, except they
begin to do business on the basis OF
rates fixed In the fraternal congress
mortuary tables. 1t is recommended,
also. that the present fraternal socie-
ties be required, within four or six
years, to get upon the same basis. The
term to he fvo1 is 1aft to the legis-
lature, no recommendation with re-
spect to it being made by the COM
mission.
The prohibition 20 all other com
panies which pay death losses on the
basis of assessment of surviving mem
bers is recommended by the commits
sion, except the companies are on /
legal reserve basis. Domestic con-
Germs coming under this head are to
be given time to get on the legal re-
serve basis.
The establishment of an insurance
department separate from the Office
OF the auditor of state who now is in
charge of insurance, is recommended.
The commissioner of insurance will
be appointed by the governor and con-
frmed by the senate.
The legislature is urged to investi-
gate the desirability of fire marshal
system. A law limiting the earnings
of stock in stock companies engaged
in insurance in Iowa to 10 per cent,
is proposed by the commission.
A large number of uniform provis-
ions to be required in all life insur-
ance policies are proposed by the COM
mission. One of these is that the
policy shall be the entire contract.
Rehearing for Blydenburgh.
E. S. Blydenburgh, father Of the
late Irene Blydenburgh, has been
granted rehearing before the SUI
preme court. Blydenburgh is now
serving life sentence in the state
penitentiary for the murder of his
wife at Eldora several years ago. 1t
was charged that Blydenburgh had
put arsenic In his wife's food, desiring
to, get her out Of the way that he
might enjoy her property.
New interest Is being taken in the |
Blydenburgk case owing to the fact
that the prisoner Is the father of the
late Irene Blydenburgh, the young
girl who came to a tragic death in
nes Moines few months ago as the |
result of a criminal operation. Two
men are now facing trial here for
alleged completely In the death OF
Irene Blydenburgh.
Meat Is Higher.
When the bo-rd of control opened |
the bids on meat at the capitol on |
the 10th they were amazed. Increases |
of more than 80 per cent in some !
grades were made by the packers.
This was on beef chiefly. AS a result
the surerintendents Of the institu- |
tons and the board devoted consider
able time to discussion of the situa-
tion, as basis for action In awarding
the quarterly contracts which are to |
be let before Jan. /.
To Restrict the Use of Proxies.
The legislative insurance commits |
sion has recommended legislation re- |