The Superior times. [volume] (Superior, Wis.) 1870-1912, 1909-12-25
AMOUNT Of LIFE
\ RISKS GROWING
Current Year Good for Insurance
Companies.
ANNUAL REPORT is ISSUED
Commissioner of Insurance Beedle
Says Old Line Concerns Nearly
Double and That Termina-
tons Are Less.

Nadison.-The increase in the
amount of life insurance in force in
Wisconsin is one of the striking
things appearing from the annual life
report lust issued by Commissioner of
Insurance George +. Beedle The re-
port states
During the year the policies in
doing business in this state increased
in amount almost S9,750,000 The in
crease in assessment life associations
was over 100000. Only in assess
ment insurance is the increase in
business in force less than il was in
1907. In the fraternals the increase
is greater by one-third, and III the old
line the increase has almost doubled.
Not only has there been a substantial
increase in the business in force, but
the amount of examinations has SUD
stantiallv decreased, showing less
amount of forfeitures. This is the
more encouraging in that the business
of companies as whole throughout
the country shows an increasing
amount of examinations and speaks
We'll for the healthy condition of the
business within this state
The report discussed the require
ment of the new laws that the first
year expense be kept within the pro
vision for that purpose in the pre-
MUM. | contrasts the statements
made under the new law with those
made under the former practice by
printing tables showing both state
ments for 1905 Complete statistical
tables are given, showing the business
and condition of the companies which
have withdrawn from the state. or
the % companies which withdrew
only six have wholly failed to make
any report
In discussing the laws enacted at
the last session attention is called to
the fact that but three slight
changes were made in the existing
life laws of general application, and
these were mere changes in phrase
ology carrying out the Interpretation
Heretofore made by the department.
Special dtttHtlbll - tCIlNu " 'hN
attempt made at the last session to
pass a law to give the department SUI
pervision over a solicitation and sale
of stock in insurance companies. and
to the uncertainty attending such an
investment.
The report refers to the discussion
IN the fire report for suggestions as to
needed legislation. This brings to the
front the situation resulting from
veto at the close of last session
whereby the department is practically
prevented from examining companies.
It is known that several life com
panies are considering coming back
into Wisconsin and before any com
pany can be readmitted the law re-
quires that it be thoroughly examined
by the insurance department. Recent
disclosures in several eastern COM
panies doing business in this state
urgently demand such examinations.
However, as the law stands and is
interpreted by the attorney general
there is no way in which the expenses
of such examination can be met
The department has gone into this
situation fully and believes it to be
serious question as to the correct
ness of the attorney generals opinion
as to the effect of the law in its pres
ent condition and the matter is likely
10 be presented to the supreme court
in some form for final settlement