The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-08-29
Will Revise Accident Policies.

Accident insurance policies are about
TO be shorn Of many OF their present
special" features, referred to by some
people as 'frills." but known TO accident
insurance men as talking points" \
short time ago Insurance Superintend-
ent HotchStss Of New York issued an
der requiring accident companies doing
business In his state to file with him
by September 1 all forms OF accident poll
cies issued to the various classes OF pol
icyholders-s 1t was hinted At the time
that If any such forms did not meet the
requirements of the New York laws re-
MES. as the case may be. would be
asked to amend or withdraw from the
state. The matter came UP before the
conference of accident companies held in
Albany. y. Y, on Wednesday last week.
at which Superintendent Hotchkiss and
Superintendent Hardison of Boston.
Mass, were present. by Invitation. There
were in attendance about sixty officials
this country and Europe, and the two
subjects discussed were: "The Elimina-
ton of 'Frils from Accident Insurance
Policies" and THE Requirements Of the
New York and Massachusetts Insurance
Departments Under the Standard Pro-
visions Act for Accident and Health Poll
cies," A special committee was appoint
cd. which later recommended the elimi
nation OF certain parts OF the double In
demnity clause, such as arc given by
nearly all tho leading companies for ac-
cidents in burning building and In ele-
vators; nlso that there be restric-
ton of the payment OF double indemnity
for accidents Of travel in public convey
ances. In vessels, steam and trolley cars,
excluding cabs, automobiles and livery
rigs. The committee also believed that
optional benefits. the extending of bene
hclary clauses to insurance on children
and indemnity for sunstrokc might be
eliminated. Beneficiary and accumula-
tive features, it was thought might be
restricted. although s. G. Dunham. presi
dent of the Travellers Insurance com
pany. the originator OF the accumulatiVe
feature, would not commit his company
on this recommendation. In health poll
cies II was advocated that the quarantine
clause. providing for double indemnitics.
be eliminated and that in6emniries be
not allowed during the first seven days
of sickness. The committees report was
approved and the committee was con-
tinued for the purpose of formulating
some practical plan for putting It's rec
concentrations into effect. An adjourn
ment WAS taken until September 10. at
Breton Woods, \, II. Superintendent
Hotchkiss extended the time for filing
forms of policies TO October l.
Fraternal Bill Approved.
The National Fraternal congress. which
has been In session during the past week
at Detroit, after a two days meeting. ap-
proved the tentative bill prepared by the
subcommittee on fraternal insurance OF
the insurance commissioners convention
without any substantial change, and no
change whatever in a single principle for
which the bill stands, A number OF MI
Associated Fraternities of America which
meets this week in Atlantic City and the
insurance commissioners convention In
New Hampshire next month. for concur
renee. Resolutions dcnouncinG fraudu-
lent mergers of societies were adopted
and laws recommended for the safe
guarding OF the funds OF members OF
merged societies
Ii is reported that negotiations are be-
Ing undertaken to unite the National Fra
ternal congress and the Associated Fra
ternities OF America The two organiZa-
tions split some years ago on The ques-
tion OF adequate rates.
Insurance Commissioner Folk OF Ten
nessee. was one OF the speakers at the
congress and lie sounded a warning 10
the effect that II the fraternal leaders do
not at this time see the necessity for
reform, that the only way that necessary
changes in the matter of adequate rates
may be secured, will be through an
aroused public sentiment which may not
be particularly discriminating in the
methods which il employs to correct OBJ
yious evils. He argued that IL the fra
ternal leaders would cooperate in
friendly spirit with the Insurance com
missioncrs In the matter OF legislation.
that the hest results for the present and
the future would be secured.
Workmen's Compensation Law.
After two weeks OF more or less siren
uous labor the committee OF companies
writing liability insurance has prepared
new rates and forms Of policies to meet
the conditions created by the workmens
compensation law which goes into effect
In the state OF New York on September ].
The Importance attached 10 the work OF
IS committee lies in the fact that other
states arc expected TO follow New York s
example and enact laws having for their
object the compensating Of worl1men who
are injured while In the discharge OF
their duties. The companies Interested
have agreed to cover worlimen's com
pcnsat,on hazard in combination with
employers liability at a minimum annual
premium OF $40 for limit OF $1,000 OF
the insurance company's liability. cxclud-
ing blasting operations for which an ad
ditlonal minimum premium of So will be