Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-10-02
STRIVING FOR
UNIVERSAL LAW
Insurance Men Laboring With
Complex Problem.
LEGISLATION TO BE FRAMED
Bill to Be Drafted for Presentation to
Congress.
COVERING THE ENTIRE FIELD
Address Of Welcome by Commissioner
NEUTRALITY-SUSPICIOUS. by Pres
ident Of the Association.
COVERING THE ENTIRE FIELD


Insurance commissioners all over the
United States assembled at the Arlington
today in their thirty seventh annual con-
vention. They were welcomed on behalf
Of the city by District Commissioner H. b.
an address on the general business of in
surance regulation by Jas. V. Barry, the
president Of the association.
1t was late in the day before the associa-
ton opened its regular proceedings There
had been a conference yesterday of the
state governors and attorneys general who
were engaged in drafting uniform insur-
ance laws for the various states. This con-
ference remained in session till 2 o'clock
this morning without completing it's work.
and the committee of fifteen. so called, was
unable to make a definite report to the as
ISOLATION today.
It had managed to reach some general
conclusions and decided on the revision Of
the standard provisions for an insurance
policy. But it had not drafted a bill which
without further elaboration, so after thor
oughly discussing the matter this morning
1t was decided that the committee Of fifteen
should meet in Chicago November IS and
continue it's deliberations.
Regarded as Important.
Some Of the conclusions that the commit
tee had reached at the night session, how
ever, were important as covering some Of
the general provisions in which the public
is interested since the insurance investiga-
ton in New York. They decided on several
very important points, including the draft
nistr,ot of Cn,nmbia Another~ noint was
~ astahIishn,ant mnder the Danartment of
S ~ - 49,, - ~ h,,Soa,, of fns,r
enoa sir,,1.r ~ the hnreau of cornora Hons
1850, ,,'i ,,ndor ~ +hat danartn,ent
~ o.,mof r. nonfaranoa l.st
~. ~ dno;daa ~ roonn,mond thu enact
t - &C. r,,,as IN thn fntarest of the
uniformity of state laws. These were:
- seIie e,;, anauai Jun go "a az ho
na-riod 90 a definite Nahilitv until Maid
2. The most thorough publicity of all the
material methods and results OF manage
ment. lhciuoins d uetaieu eApense anu ine
ths my, resnIts IN costs If insurance
2 Comuany MANAGEMENT to be strictly
confined to the company officers acting
solely in their capacity as officers of the
company. without the use or intervention
of any allied or subsidiary companies which
NAV he used to eyade official responsibility
or screen graft and corruption.
4. The Limitation of expenses by requir-
ing the full reserve on each premium col
lected to be kept intact, without the use
of the preliminary term or Select and ul-
of the reserve fund in order to increase the
fund for 1nanaeement expenses
s. The absolute prohibition Of political
contributions and the careful regulation of
the investment of life-insurance funds
II was past noon when the association of
insurance commissioners was finally called
to order and President James v. Barry
presented Commissioner sMacfarland. The
Commissioner spoke cordially in welcoming
the association. and took occasion to throw
in a little local patriotism on the subject
of Greater Washington, and asked that all
of the commissioners should remember this
part of his remarks. and carry the tiding
home with them. '-,
WeicoAnAnS Aouiess'
Mr.. Mcfarland said, in part:
The National Capital is honored by your
noso,oo md r om fort,n.ta IN ho;ro nor.
~ -, ., nv ",
mltteo 10 oher you us coroiai "eicoihe' we
appreciate the significance OF your assem-
| bling here at this time. when the mind OF
tho country 10 asneciallv Interested in the
| insurance Question and when we are ali
anxious tn secure model Insurance Law
| for the District of Columbia, We. of the
| executive government of the District. have
| been planning for such a law for seyera
years, but 1t is well, perhaps, that our over
to get time to prepare a bill. since we now
have. by the delay the advantage of al
that has been learned in the insurance in
vestisa.ons atau IA tue oeioet f1i, ei You
tbnneht Than tas teen Devoted r. an,
| other business question in the last few
| years. 1t is to be hoped that at an earl,
| day we may have en- the statute books q
law that shat fifty embody the ideas thai
| ought to be laws.
Like all intelligent Americans. you know
| that this is your capital and we know tina
1
| developed and embellished in every pos
| sible way We who live here and wht
| are paying half Of the expenses while al
! the rest Of the United States pays onl!
| tie other half are jealous of it's honor ant
| Jealous in it's service: but not more, an
| sure than are you. We count upon you
| constant support, so that your senator
| and representatives may be convinced
| that Won will apnlaud ANYTHING thew ma,
| do for washington. AS business men yo,
/ will be interested to know of the evolution