The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1907-02-21
SENATE PASSES INSURANCE BILL
WHICH IS A GOOD MEASURE

companies from dividing funds for
political purposes, the main section
of which reads as follows:
Sec l.. No insurance company
or association including fraternal
beneficiary associations. doing busi-
ness in this State. shall. directly or
indirectly, pay or use OF, offer, con:
sent or agree to pay or use any
money or property for or In aid OF
any political party. committee or or;
ganibaation, or for or IN aid of any
corporation, Joint stock or other as
ISOLATION organized or maintained
fot political purposes, OF for or In aid
Of any candidate for political pur-
poses. OF for or In aid Of any canii.
dale for political Office, or for nomln.
alton for such office, or for any po-
litical purpose whatever, or for the
reimbursement or Naturalization Of
any person for money or property 80
used. Any Officer, director, stock
holder, attorney or agent OF any cor.
poratton Of association which VIC
fates any OF the provisions of the
act, who participates in, aids, abets,
or advises or consents to any such
violation, and any person who So
licits or knowingly receives any
money or property in violation Of tits
act. shall be guilty of a misdemeainor
md be punished by Imprisonment for
not more than one year and a fine of
act moro than n thousand dollars.
a"d any officer aiding or abettinlg in
any contribution made in violation of
this act, shall be liable to the com.
pnny o association for the amount
so contributed.
Senate bill No. 1876 prohibits the
issuance of non.participating poll.
cfes by the companies doing business
in this State. The principal provisions
Of this bill are as follows:
Sec. !. On and after the first day
of January, 1908, no domestic mu-
tual life insurance company and no
domestic life insurance company,
hereafter issuing or protesting to is.
sue any participating policies, shall
issue any policies. except annuitles,
which do not by their terms give to
the holders thereof fun right to par.
ucirate in the accumulations Of sail
company. as provided by law.
rrI.Ia a.k -t.tt
or Temporary and pure endowment
insurance Issued or granted in ex.
change for lapsed or surrendered poI.
icics.
Senate bill No. 1877 is to regulate
the disbursements made by doues-
tic companies, and reads a S follows: !
Sec. 1. No domestic life insur.
snce company shall make any dis
b:rsement of one hundred dollars
or more unless the same be evi.
cenced by a voucher signed by or on
hc'ialf of the person. firm, or corpor.
a.iop receiving the money and cor.
restly describing the consideration
70" the payment. II the expenditure
be for both services and disburse.
meats the voucher shall set forth the
service rendered and an itemlzea
statement OF the disbursements
made. II the expenditure be in con.
nection with any matter pending be.
fore any legislative or public body
or before any department or officer
of any State or government, the
voucher shall correctly describe, in
addition, the nature OF the matter
and Of the interest Of such company
therein. When such vouches cannot
be obtained the expenditure shall be
evidenced by an affidavit describing
the character and object OF the ex.
penditure and stating the reason for
not obtaining such voucher.
Sentae bill No. 1877, defines tho
status of persons soliciting life In
and reads as follows:
Sec. l. Any person who snail so.
licit and application for insurance
upon the life OF another shall, in my
controversy between the assured or
his beneficiary and the company issu.
ing any policy upon such application.
be regarded us the agent of the com.
pany and not the agent of the as.
sured.
Pearl eryan's Skull Found.
Cincinnati Ditpatch to the New York