New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-05-30

Assemblyman Rogers Explains 1t in
Official Statement.


Albany, May 29.-The conferrees the amend
ments to the insurance laws Of last year have COM
pleted their bill which Is with Governor
Hughes for hts consideration. not Governor. but
as one of the conferrees whose knowledge Of the
situation Is considered essential 10 the preparation
Of accurate bill. It is unlikely that It will be
introduced officially before Monday or Tuesday Ct
week.
In the mean time Assemblyman Rogers IN an
official statement to-day described provisions
practically as given in The Tribune's recent sum
mary OF the proposed BILL His statement was as
follows:
The sub-commttees OF the Senate and Assembly
Insurance committees, after repeated conferences
with representatives of the policy holders committee
their revision of The proposed aInendrents u the
law uIalng the election OF directors IN insurance
companies.
The right to vote by proxy is stu continued An
fetal statement or ballot used the last election
and which was found 70 be unsatlsi9eloTy' rms rms
official ballot is to be serialy numbered, ana STUB
or card with corresponding seria! NUMBER contain
ing the name and address or the poIlcy notuer 70
whom the ballot IS sent IS TO ne kept at the nome
office for the purpose OF Identifying the ballot when
As the work imposed upon the companies in the
largely increased thereby il has been necessary to
provide longer time for that work TO TINS enc
II is provided that the administration ticket must be
emf ticeT At a. Last I'VE months before the election
The official ballot must be mailed to the policy
holders at least three months before the election
election. where men Were nominated without their
consent 1t is now provided that a nominee must
accept in writing, and that court o. RECORD 4oF
cause shown may direct the name OF any candidate
10 be stricken from ticket.
II independent nominations shall have been
made within the prescribed time the elaborate pro-
with and the election held under regulations pre-
scrlbed by the Superintendent OF insurance except
that the ticket nominated must be the on6 Voteu
The Superintendent of Insurance is given the
and other necessary forms. Duplicate ballots can
be furnished policyholders only under regulations
prescribed by the superintendent
The polcyhoder in order 10 vote is cequired 70
sign the official ballot in his handwriting and
have witness to his signature also sign the same
home office, he is also required to have the number
OF one of his policies written on the ballot, but
The holder Of proxy must attach the same to
the official ballot sent to the pollcyholder giving
the home Office by some third party. Ali ballots
be sent by mail, except such as are voted in
person by the pOlicyhoder or his proxy the day
The ballots sent by mail are TO be inclosed in an
envelope e sPeGiay presented BY the S4Pentendent
These ballots are to be sent TO he home office OF
than the plan of sending 70 at outside deposit
tary, which at one time contemplated. I'm
the superintendent and these custodians are re-
arately. They are charged with the responsibility
The Superintendent OF Insurance Is to appoint the
the power to determine all questions arising in tho
canvass or the votes. under regulations prescribed
by the superintendent OF Insurance 1t is also pro-
vided that these elections shall be subject to the
TO avoid any doubt the Superintendent OF Insur-
ance Is given general power OF supeTaysi9n and
ferred. Owing TO the fact that this law can be
made enforceable only within this state far /,
the conduct OF the agents and employees has been
a peTp!eXins one. It Is provided that no officer
enPloye shall solicit or receive votes proxies
and that the stationery or supplies OF the com
pany or Office space devoted to the conduct OF its
business shall not be used for furthering the in
terest OF any ticket
except as authorized or required by this law, and
as a safeguard against the same they also re
tailed statement Of ali moneys SO expended.
To prevent II possible unJustlfable charges and
no false or misleading statements shall be made
and the violation Of this or any other prohibition
visions In Section SO OF the insurance law:
In separate bill amending Chapter l3 OF the
curing the directorate elected last year whether
their terms shall expire in 1908 or 1899 shall be
The directors 10 succeed those whose terms will
new board OF directors is to be elected.
The committee in preparing these amendments
would fair to both sides and would lean neither
way the 9asr In order to bring the CON
been held with their represen tatves. and this has
Effort has been made to derive advantage from
the experiences OF the first election. Owing to
Governor Hughess intimate knowledge of the sub
feet counsel TO the insurance investigating COM
rnittee. the committee has naturally looked to him
frequently for advice and suggestion. The demands
upon his time have precuded his giving as de-
tailed attention to the work he mi ght otherwise
which he has made have been adopted by the com
mittee. and while he has been very courteous in
in any sense his bill or that his approval has al
ready been given to It, It is understood that he
give the bill thorough consideration