The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-04-03
News of the Insurance World

enacted by the state legislature provld-
Ing an extra tax of 1 per cent on all
lire companies operating within the state.
The claim is made that the new law
does not repeal or amend sections II
and is OF the insurance code OF 1909,
per cent tax of the gross amount OF
premiums received within the state. and
such taxes shall be in lieu of all other
and character by the state or any sub
division or village. town or municipality"
Opinion Is divided as to the merits OF
OF the new bill, contending that the in,
tention of the legislature was to repeal
all sections OF prior laws. in conflict
With ~ There are a number Of well
informed fire insurance agents on the
other hand who say that failure on the
part OF the framer OF the bill to repeal
new law null and void. The outcome
Will be watched with interest.
Heavy Loss, With No Insurance.
=, An astonishing fact in connection with
the burning OF the New York state cap
one that has called for considerable ad-
verse criticism on the part OF the cast
ern newspapers and various individuals.
Is that no insurance whatever was car
ricd on either the building itself or on
the contents. The authorities. II is un-
dierstood. took the position that IL would
ing That had been declared by experts
TO he absolutely freproof In every par
ucular; The incident goes to show that
even fireproof buildings sometimes catch
afire and burn. and II would seem that
the safest course to pursue in such mat
ters Is to protect property afforded by
d fair-sized fire insurance policy.
Life Insurance in Japan.
Official statistics recently published by
the government of Japan show that at
insurance in force in the thirty-two COM
panies transacting business In that coun-
try aggregated about s2ll, 500 900. the To-
"a sa .Od income S61 ,rSa Of the companies being
policies is small being about 5000. The
number Of policies in force increased
from 6Ss.95S in 1900 to l.o5l.6so in 1903.
mosa and Japanese Saghallen being 53.
216: 900
Insurance Notes
V. y. Bettilyon OF this city has been
appointed agent of the Commercial Union
Fire Insurance company, succeeding +.
headquarters will be in Salt Lake City,
with offices on the ground floor of the
Judge building.
The annual election of officers of the
Utah Association OF Life Underwriters
will be held at the Commercial club on
Tuesday. April IL. President Meltzer is
desirous Of full attendance OF members
at inns meeting.
Two life companies, the Northwestern
National OF Minneapolis and the State
Life of Indianapolis. withdrew from the
state OF Utah last week. The reason
assigned by the companies for withdraw
ing was failure TO make proper agency
arrangements.
The executive committee of the Ma
tional Convention Of Insurance Commits
sioners has called a meeting for this
week at Chicago. Commissioner Hotch-
kiss Of New York is chairman and will
preside.
F. Morle Miller, general manager:
Colonel II. Drummond, chairman. and
James Simpson, counsel OF the General
Accident company Of Perth, Scotland,
are in this country on a visit to the
company's branch office In Philadelphia.
The California supreme court In the
case of Sessions VS.. the Southern Pacific
last week ruled that a railroad Is not
liable for personal damages when the in
jured person is enjoying a free ride.
w. V. Rice. secretary of the Conti-
mental Life Insurance and Investment
of this city is In San Fran
cisco on business connected with his COM
pay
The New York compulsory workmen's
law has been declared un-
by the state court OF ap-
peals. which held that IL deprived the
employer OF his property rights without
due process of law.