The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-08-23
Commissioners and Attorneys
General of Several States
Plan Legislation.
WILL CUT OFF ALL
POLITICAL CONTRIBUTIONS
Heavy Penalty Provided for
Violation Of Provisions
of Act.

| ST. PAUL Aug. 22.--Insurance com
missioners and Attorney Generals OF a
number of States met today at the new
State capitol to submit and discuss q
uniform code OF insurance laws which
the several State Legislatures OF the
United States will be asked to adopt at
their next session,
! +. e, Folk of Tennessee. chairman OF
the Committee on Salaries and Vouch-
| ers, submitted the draft OF the law for
bidding oampa ign contributions and Leg
islative participation and providing for
the utmost publicity when vouchers are
| involved
| Two sections Of the proposed uniform
! insurance code which is under consid-
| erarlon of a committee appointed at a
conference of Governors, Attorneys~Gen-
| eral and Insurance Commissioners in
| Chicago March 90 last were adopted at
the first session of the committee to-
night in the Senate chamber of the
State capitol.
Reau r. Folk of Knoxville, Tenn
chairman Of the committee on prohibi-
| ton of political contributions, read a
report covering this subject, which was
adopted, providing that no funds shall
be contributed by the agents of insur-
ance companies to political parties. The
report, in part, Is as follows:
No insurance company doing bust
ness in this State shall directly or indi-
reetly pay or use or offer any money
or property in aid of any political par
ty, committee or organization, or for
the reimbursement or indemnihcation of
any person for property so used. Any
officer, director. stock holder, attorney or
agents of any corporation which vio-
lates this section shall be guilty of Il
misdemeanor and punishable by impris-
onment and n fine of not more than
$1,000.
May Revoke License.
"The license of any company or as
sociatioD found guilty of violating this
section may be suspended or revoked
In the discretion of the Insurance Com
missioner. -
Tho prohibition, which IS drawn up
along the lines of the New York law,
also provides that no person shall be
excused from testifying or producing
any books, papers or other documents
before any court or magistrate upon the
ground that the testimony required Of
him may tend to convict him Of crime
or to subject him to a penalty or for
feiture.
The commissioners took under consid.
Grafton the report of the committee on
salaries of officers. The report recon-
mended the incorporation Of provision
providing that any salary, compensation
or emolument to any employee Of the
company amounting in any year to more
than $4,000 shall be fixed by the board
of directors and not for a longer period
than one year. The provision also pro-
vides that no pension shall be granted
to any officer or director, and provides
that no agreement shall be made where
by an employee shall receive a salary
for longer period than one year. The
legal committee will report whether this
prohibits renewal contracts. and, if il
does, an amendment will be incorporated
TO allow the making of renewal con-
tracts for commissions, for to prevent
these the committee deems it V cry uu-
just,
second section was passed which
provides that every disbursement of
800 or more be made on vouchers set.
ting forth expressly an itemized ac-
count.