The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-10
Convention of Commissioners.

SUuVOullOU VI SOulull5GlOuCIS.
| Probably the most important action o.
The National Convention of Insurance
! Commissioners, which has just concluded
Il three days session AT Mobile. Ala. in
! so isr The various Insurance conf
| panlcs arc concerned. WAS tho adoption
OF resolution. offered by INC commits
aloner OF Louisiana. OH The subject os
| that no o%amina t1on5 shall be made by
any slate commissioner OF companies or
| SsniLed outside OF Eis home statc with
| out hrst requesting the cooperation of
the committee ON examinations. y warm
| discussion was had before a dnIl Nole
was taken.
| John \. HartigHm. insurance comms-
! cipa, address. Empla sis was laid upon
| the value ct tho state insurance depart
mentS TO Insurance ut large. and impor-
tauI facts we're imprcssivcy pointed out
Mr.. Harugan answered those who criti-
cised supervision Of insurance. He ad-
mlited thar some unwisc laws had been
passed and that not all acts of all COM
mi5SIouc!S nerc OF 3 constructive or pru-
dent character. but he proved that in
the long run ihc supervisory powers OF
the states had not been eNcpted without
great benefit TO insurance companies as
Wen as 10 tho insurinS public. Backing
his statement with figures. Mr.. Ilarigan
showed how government regulation ana
supervision of tnsura nee ig moro efec-
tive tlIau II g in other lines Of cndcavor
The supervision OF banking, Inc declared.
most nearly approaches II. Ilr made !llr
statement that old line legal reserve
lifc company has failed within the past
| thirty yeors, while durus, 1905 bauIS fail
ur"s involved sl@s 5ii, ,as2.
Tho rraternal bill came IN for goodly
sIaif OF attention. y large lobby of
fra lernal men were present al Tie CON
Vculion and aided IN preparing the bill
agreed upon. While the bill as proposed
ana Endorsed binds none oI ;he states TO
accept in whole or in part. its approval
by the convention no doubt gives IT pres
rige. The substance OF the bill has been
previously noted IN these columns. and
YER few change were n,ade, by the
convention. The. committee on laws was
authorized and instructed 10 co operate
with the American Bar association and
- other civic and professional orgsnizs-
lions 70 secure uniform legislation on IN
suronce
Milwaukee wes selected as the next
meeting place. Officers for the coming
year were chosen as follows President,
f. Cunningham Montana.
Texas Again on Warpath.
Both lifs and f1:e ccnlpa MES OF the
United States heNe had their day IN
Texas. resulting in the withdrawal of
some OF tse bigger companies from thar
state altogether. because OF what was
claimed 10 be vicious and unvise lccis-
lat!on. And now the accident companies
missioner of the Lone star state has
just gwen IT. out that the policies ~
practically every company doing busI-
ness in the state are in violation Of the
law. and must he corrected IL the COM
panies want TO continue IN Texas His
objections are to the suit time limits.
the law oG Texas providing u limit Of
Two years aud the partial disability
clause in not providing II definite or stat
ed amount. The first objection or the
commissioner is 10 the clause confirmed
I'm most policies in the following provie-
ion: III any Of the said statements shall
be untrue. said policy OF insurance shall
he null and void The second objection
IS that the policies arc not clear as 60
what will be paid for hospital. medical
and surgical claims which arc regarded
as additional benefits to the regular
weekly allowance. That the commits
sioner means business there can be no
room Tor doubt, for hc has ordered all
policies already In force correcting the
objectionable clauses until new forms can
be printed
Will Take No Chances.
Accident insurance companies have
Cancelled policies approximating $3.50, 900
te"cstrd in The International aviation
meet which viii be held at Belmont Park,
New York, This month. Mr.. Ryan does
not contemplate doing any flying Of hs
own account. and for that reason made
n strong objection 10 the Companes' nc-
Sion. lie VIII. as u matter o; course.
DO actively Interested in .hc management
of the meet. which Will require his pres
encc the aviation :i"d. and the acci-
dent companies evidently take the posi-
ton that there is ~ rnuch danger brin.,
under AS in flying machine.
The accident companies don't recognize
'0ying as even IN extra hazardous
risk They mako no distinction be
tween balloons 5r heavier than air ma
chimes, and II ypu go up in other they
don't care TO insure you. Speaking OF
this matter an ofriccr II one OF the ac-
cidcDt companies said that it was moro
than likely tuat before long cccidert
companies will have cat, enough at hand
To figure a rate on acronautS so that
they can do business with the incrcas-
ing number of "5lievs." At present he
said, there was little or no demand for
that kind OF insurance. and with the data
on hand it would be just as easy to
figure the rslc in the case OF n Kentucky
fcudist for whJ0 u l.ttlc clan was gun
ming,
Seems Almost Incredible.
"I have been expecting a Show down
for nearly three years and have lived in
an agony of hcli" remarked W G. Ram
say. real estate man Of Abba, Ia after
he had been placed under arrest upon
complaint OF the Equitable Life ot iowa
which alleges that il has been defra ded
out OF $685. 600 by the defendant by means
OF fake mortgages. Ramsay was presi
dent OF tho Ramsay Abstract & Loan
company OF Alba, Through this con-
ccrn he secured ,oauS of large amounts,
giving mortgages on lind that never eX-