The searchlight. [volume] (Culbertson, Mont.) 1902-current, 1909-03-12

and further provides for the employment
OF an actuary when same may be needed
for the purpose Of examination Of matters
of that charcter relating to the insurance
department.
LERHKINp THE AUTHOR
House bill No. 7o. by Lerhkind.
changes the date of the expiration of COM
pany licenses from the 3rst day of Decem-
Der to the 8Ist day of March. The laws
relating to company and agents licenses
and governing the filing of annual state
ments and issuance OF renewals OF certih-
Gates of authority are now uniform and
consistent. This bill also provides that
agents licenses may be transferred without
the payment of an additional fee. upon the
proper certifcation and request to the COM
missioner of insurance. Such licenses can
only be transferred, however upsn return
to the commissioner OF in suranee and upon
the request of the general agent or mana
ger OF the company.
| House bill No 70, by Shoemaker, pro-
vides for the examination if necessary of
an insurance company by the commission
er of insurance. provides for the payment
Of such examinations by the companies so
examined and. in detail. extends the power
Of the insurance department in such mat
ters over that previously granted by the
statutes.
TO PREVENT eRRATiNG.
.Senate bill No. AZ. by Tooley. amends
the law relating to rebating and discrimi-
nation by life insurance companies, and
especially desgnates the character of pol
icies which life insurance companies may
be permitted to write in this state and,
in detail. mentions as objectionable fea-
tnre. advisory board contracts, special in
come features. sale OF stock with policies
and the sale of stock as an inducement
to take policies. and provides proper pen
alties for violation OF such law, This
law corrects and also amends the previous
statute and rertects the same where II was
found deficient in the matter OF penalties
Senate bill No. 40. by Tooley, relates
only to fire and miscellaneous insurance
companies and mus, no be confused as
affecting life insurance companies in any
manner. 1t provides for the service of
in the event Of suit and in case service is
not obtaieable upon the agent appointed
for that purpose by the company. TIL =
act also provides the requirement Of $780,
600 capital stock Of all miscellaneous COM
panies doing business in Montana. The
law requiring Szoo. 600 capital stock OF fire
insurance companies doing business in
Montana is no, changed in any particular
This latter bill has passed both the houses
and is before the governor for approval.
4 Il consider these bills as very important
to the proper conduct OF the insurance de-
partment Of the state and will prove an
unquesiionable benefit in their execution
and operation. says Auditor Cunningham.
FRENCH IoR DEPUTY.
/ "Ihave decided upon the appointment of
Charles D. French. the present deputy aud
itor. deputy commissioner of insurance.
to take effect March /. 1909. Mr.. French's
position as deputy auditor. which will be-
come vacant by the above appointment.
will be filed by the appoin,men, Of w. ].
Thomson presen, chief clerk in the Office,
and the office Of chief clerk abolished
'.Ine insurance department, will soon
begin the issuance Of monthly bulletins re-
lating to insurance. so far as the subject
affects policy holders and agents in the
state of Montana. which will be published.
through the public press. as widely as pos
sible. in addition to being distributed by
mail. have always believed hat the
greatest publicity should be given to mat
tiers Of insurance and that the people should
be kept posted 10 the greatest degree On
the policies and management OF companies
doing business in this state. and warned
agains, such companies which have not
complied with the law. but which attempt
to do business in violation of the statutes.
and which. sometimes is impossible for
the department to reach by law | think
general publicity win assist materially IN