Omaha daily bee., 1906-08-23
INSURANCE MEN MEETING
Conference Of State officials Drafting New
Laws at st, Paul
TO PREVENT POLITICAL CONTRIBUTIONS
Committee Report Suggests that Pro-
hibition Extend to Agents, with
Forfeiture of License
as Penalty.

ST. PAUL, Aug z.-Insurance commits
sioners and attorney generals OF a num-
Der OF states met to-day at the new state
capitol to submit and discuss a uniform
code of insurance laws which the several
state legislatures of the United States will
be asked to adopt at their next session.
r. f. Folk Of Tennessee. chairman Of
the committee on salaries and vouchers,
submitted the draft Of the law forbidding
campaign contributions and legislative par
ticipation and providing for the utmost
publicity when vouchers are involved.
The committee will be in session sew
eral days
Two sections of the proposed uniform
insurance code, which were under consd-
Grafton by a committee composed of gov
ernors and attorneys general at Chicago
March 90 last we're adopted at the first
session today in the senate chamber of
the state capitol.
r. E. Folk of Knoxville, Tenn, chair
man Of the committee of prohibition of po-
litical contributions, read a report cover
Ing this subject, which was adopted. pro-
viding that no funds shall be contributed
by the agents of insurance companies to
political parties
Text of Recommendations.
The report in part is as follows:
No insurance company doing business in
this state shall, directly or Indirectly, pay
OF use or offer any money on property in
aid of any political party, committee OF
organization. or Naturalization of any per-
son for property so used. Any officer, di-
rector, stakeholder attorney or agents OF
any corporation who violates this section
shall be guilty of a misdemeanor and pun
ishment by Imprisonment and fine of not
more than 81 600.
The license of any company or associa-
ton found guilty of violating this section
may be suspended or revoked in the dis
erection OF the insurance commissioner.
The prohibition, which is drawn up along
the lines of the New York law, provides
| that no person shall be excused from ties
tifying or producing any books. papers oil
other documents before any court or mag
istrate upon the ground that the testimony
| required of him. may tend to convict hin
| of crime or to subject him to a penalty
Limitations on Salaries.
The commissioners took under considera
ton the report of the committee on sal
aries. The report recommended the in
| corporation of a provision providing tina
any salary, compensation or emolument t
any employee of the company in any yea
| to more than 5000 shall be fixed by tn
| board of directors and not for a longe
| period than one year. The provision ais,
provides that no pension shall be granite,
to any officer or director, and provide
that no agreement shall be made whereof!
an employee shall receive a salary for
longer period than one year. The lega
| committee will report whether this &C
prohibits renewal contracts. and II 1t doe
an amendment will be Incorporated to al
low the making of renewal contracts 70
commissioners.
A second section was passed. which pro
vides that every disbursement OF 500 o
more be made on voucher. setting forth ex
pressly an itemized account.