The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1911-06-01
WOULD COST The STATE LITTLE
Mo Additional Officials Would be
Needed and it is Declared That the
State Gould Save Thousands of Dol
lars Annually for the People.

State insurance, to provide protec-
tion at cost and annuities for old age
benefits, is a departure of marked
Significance embodied in bill intro
duced in the state assembly by the
speaker, Assemblyman Charles A. In
gram. The plan is in force in other
states ~in the union, although Mas
achusetts has modified form of state
insurance based on the savings bank
plan. Speaker Ingram claims that
under his bill Wall street cannot draw
Wisconsin insurance money which is
the basis of much of the eastern specu-
lative enterprises.
Under the state insurance plan Wis
consin money must be invested in Sc
curities in Wisconsin. The idea back
of it is to permit large investments in
farm mortgages and other securities
in this state for the benefit of agricul-
tural, industrial and other local enter
prises. The plan will eliminate high
salaried officials, expensive office man
agement, costly agents and examina-
ton fees, and permitting the common
wealth to furnish insurance to it's bona
fide citizens at cost.
The state can reap no benefits out
Of the enterprise; it simply would
act as custodian and be responsible
for the funds.
Every kind of life policy may be
written under this plan. Sums of in
surance ranging from $500 to $4,000
may be taken out.
Great as are the saving and bene-
fcence resulting from life policies in
this plan, according to its sponsor, the
annuity benefit is of larger import to
the older citizens, and it is claimed
that in the course of time general ap-
plication of this system will tend to
do away with the menace of the poor
house and poverty stricken conditions
generally.
Scarcely no additional administrative
machinery will be necessary success
fully to operate this business. The
treasurer shall act as custodian of the
life fund, which will be under the
supervision of the commissioner of in
surance. Both are required to give a
heavy bond. Within two years the
commissioner of insurance must. pre-
pare forms of applications, policies,
schedules of premiums, tables of cost
Eof insurance and reserve, to be based
upon the American experience table of
mortality, the premiums for annuity to
be based upon the British annuity
tables. The bill says:
''Upon the fling of such forms the
commissioner Of insurance shall furnish
schedules of rates and copies of the
forms of policies to every factory in
spector, to the clerk and treasurer of
every county, AVN, city and village
and to every state bank, whose duty it
shall be to fill out and transmit ap-
pications for insurance and annuities
and such schedules and rates shall be
furnished to any other person apply
ing therefor. The application shall be
transmitted to the commissioner of in
surance together with the premium Of
three months. or multiples thereof,
and a medical examination fee Of So
in case of life insurance. The com
missioner of insurance and the state
board Of health shall pass upon all
applications for insurance, and no life
insurance shall be granted without
personal medical examination, to be
made at the direction of the state
board Of health, from which the local
examiner shall receive the medical ex-
animation fee,
This bill provides further that in case
the application is rejected the deposit
shall be returned Payments for in
surance may be made to the treasurer
of any city, village, town or county
or to any state depository, who shall
receive and transmit the amounts to
the commissioner of insurance. The
bill says: