The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-01-19
UNIFORM LAWS
FOR INSURANCE
life Insurance Presidents Seek to
Improve Conditions in
All States.
70 lENGTHFN span OF LIFE
prssiJent Taft and Governor Hughes
70 Deliver Addresses at Third An
nuaI Meeting Of Active Heads
Of Insurance Companies.

washington, ID. c.. Jan. 19.-Presl-
aonts of life insurance companies.
ronresenting more than 16,000.0O0 out
% a total of 2O,OOO,OO0 in the United
etotes and Canada are in attendance
ot tho third annual meeting of the AS
sociatIon of Life Insurance Presi-
dents. which opened at the New Will
lard hotel today for n two days ses-
sion. one of the principal subjects to
no discussed by the meeting being
"The Problems Arising from the Dis
similarity of State Laws and Conflict
NJ State Practices" the holding of 1t
here and at this time makes II par
tlcularly opportune In view OF the
fact that the National Civic Feder-
ntlon. now in session here. has for its
principal aim to bring about greater
uniformity I'm the state laws on
various important subjects.
The meeting of the Association of
Life Insurance Presidents which open
ed today. promises to be exceptionally
important and President Taft as well
as Governor Hughes of New York
have consented TO deliver addresses.
The program has been divided into
three sections The first section will
deal with the various problems arising
from the dissimilarity of state laws
and papers on the subject will be de-
llvered by L. G.. Fouse, president OF the
Fidelity Mutual Life of Philadelphia;
Judge George II. Noyes. general coun-
sci Of the Northwestern Mutual Life
Of Milwaukee. and John A. Hartigan of
st. Paul. president of the national
convention of insurance commission
ers
The second section of the program
will be devoted TO the consideration of
ways and means by which life in
surance companies may legally engage
in the movement TO lengthen the span
Of human life. DIR. Walter Wyman,
surgeon general OF the federal public
health and marine hospital service:
Dr. NJ. j. Rosonau. professor of the
new course in preventive medicine at
Harvard Medical College and DIR. II.
W. Dwight. medical director of the New
England Mutual Life will deliver ad-
dresses upon various phases of the
subject.
The third section of the program
viii deal with the amalgamation of
NE insurance companies or the re-
insurance of one company by anoth-
er An outline OF the practical aues-
Tons involved Will be given by Isaac
Miller Hamilton of Chicago. president
OF the American Life Convention. The
other papers will include one dealing
with the problems involved from the
viewpoints of insurance departments,
winch viii be presented by Alfred
Hurrell, counsel of the New York in
suranee department. Following the
uelvery Of the formal papers on each
VI the three main subjects there will
DC general discussion. i'm which all
present will be invited to join.
Polieyhclders Pay Big fr!l.
washington. January 19.--i'rom ff-
teen to twenty million dollars year
Is the toll paid by the life insurance
poncyholders Of this country as re-
sun OF the lack of uniformity i'm state
insurance laws and practices, accord
ing to l.. G.. Fouse. This is at least
iNe per cent. of the yearly payments
10 polieyholders and beneflciaries. he
"sures' Mr.. Fouse. who is president
VI the Fidelity Mutual Life Insurance
company of Philadelphia. made these
ngures known today in an address
peiore the third annual meeting OF
'ne Association of Life Insurance
PRESIDENTS, in session here. He is n
member Of the Executive Committee
vi the association.
Inc magnitude of the interests in
soNed is stupendous." said Mr.. Fouse.
sumo twenty-five billion dollars of
NE Insurance in various forms are
!" ioree in the United States with ac-
,u''uiated assets of four billion dol
20, ,ars' OF which three and one-half BILL
"Ons are held by the legal reserve
sonpuhies' over one third of the po-
pu"''oh has direct interest In life
insurance and more than one-half of
we remaining two-thirds an Indirect
,. 'e'es'' IL is exceedingly important
~ ~ waste and unnecessary taxation
~ stopped while exvtending ample se-
,su'.y and protection to the interests
Involved. 90
a.. sumo would seek to accomplish the
ss''eu end through national laws
"u ~" supervision: others through the
,r'a''"onizIng ,'l OF state laws and prac-
49,. FOR the present we are part.cu-
,"iy s interested in the latter. II is q
,se 'nat cannot be controyerted thar
~. N.Y. nck of harmony in laws and
nn',ces ",'ces has been detriment to the
Su''ness' In recent years. however.
o.. "'Ve been drifting towards uni
MY NY ana harmony and there are
10y y VINO believe that the laws OF the
,an, states can be made consis-
wo,,,, ana homogeneous. and that IL
,no ",u o be better for all concerned that
jmnrass j'ss be conducted under such
-"pTONe0 lawo ..sA =.