Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1906-12-27
STATE HOUSE,
National Insurance CON-
mittee Report Received.
Announcement Of Appointments
at Executive Department.
Supts. Of Schools to Meet Friday.
So, 100000 in Corporations.
STATE HOUSE CALENDAR
Next Meeting Of Governor and Council.
Monday, Dec. 81 at 10 A. M.

insurance Commissioner S. w. Carr
received Yesterday copies of the rec
concentrations for uniform legislati,,
relating to life insurance which were
drafted by Il national committee con
ISSUING of Thomas ID. OBrien OF Min
ncsOta, ZenO NJ. Host of Wisconsin T.
+. Carol IF Iowa, j. l.. Pierce of Ne
braska, Henry r. Prewitt of Ken
luciy, Reau \. Folk of Tennessee,
Thomas f. Drake of the District Of
columbia, w. ID. Nandiver Of Missouri,
r. Myron Wolf OF California. A.
Norys of Ohio. E. F.. Grouse of Mary
land, George II. Adams of New Hamp-
shire, F. II. Nash of Massachusetts $.
r. Stilwell of Ohio. n. f. Hadley of
Michigan. John A. Hartigan of Mime
sofa. all insurance commissioners in
their respective states. at a meeting
held at Chicago November II to II in
elusive. n number of other men prom
lnent in insurance regulation in their
several states were also present as adj
viserS.
The committee sums up its work in
the following recommendations:
l. An act establishing standard
forms of policies which may be is
providing further that il such forms
are not used. certain standard provis-
IONS shall be included In all policies
ana certain prohibited provisions omit
ted, which bill further provides that all
policies, before beng issued, must he
submitted to the insurance commits
SiOner
:. An act to require the annual an
rortlonMcnt and accounting of surplus
OF life insurance companies and fixing
the amount of such surplus which may
be retained by an insurance COMPANY
as contingent surplus.
An 'act to require an annual an
portIoIlment and accounting of s,Irpl5:s
of life nsuranc" companies as to poll
ti"S heretofore issued on deferred div
idcnd plan.
4. An act regulating life insurance
companies and prohibiting diversion of
funds for political purposes
). An act to regulate the real estate
holdings and the Investment Of the
funds of life insurance cOnlDanicS.
6. An act requiring life Insurance
policies to contain entire contract. j
I. An act defining the status OF per-
sons soliciting life insurance.
8. An act to prohibit misrcprcsen-
tatiorS by life insurance companies.
>. An act to prohibit discrimina-
ton ~ life insurance comranies and
providing penalties for violation there
Of.
10. An act providing for ana regu-
| latinC the election of directors of mu-
tuai life insurance companies.
il. An act to prohibit the issuance
81 n"n-participating policies by COM
panles issuing particular policies.
II. An act relating to tho salaries of
officers and agents of life insurance
companies.
10. An act regulating disbursements
by lii" Insurance companies.
IL. An act regulating the retirement
of capital stock in certain cases.
H.. An act to provide method
whereby assessment life Insurance.
companies maj. b" Incorporated as ln-
gal rcScrV" life Insurance ,ompanicr
IL. An act prohibiting corporations
or stock companies attiug as agents OF
solicitors for life insurance compan-
les.
il. An act relating to the annual re-
ports of Iif" insurance companies.
The rest Of IL volume Of ~ pages is
devoted to forms of the bills mention
ed in the above list