The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-05-13

v'dine It ls re. insured down To 10 pei
cent of their capital stock. and wa,
made bv different commissioners al
insurance. which resulted in the receHI
inning Of 20 insurance companies.
State Insurance.
The state IRE insuranc, fund law
provides a method of paying into IA,
state treasury ana insurance depart.
mont from the annual appropriation
made to the various institutions oi
the state, a small sam called prem
ium, until the fund reaches 81 coo
hoard tn rebuild state institutions
which may he destroyed ny IRE the
Sl,u00.o 400 L. hc invested lay the stat
treasurer and insurance commissioner
nd tho earnings thereon To he turned
INTO the general fund of the state.
The public adiusters law is To re-
quirr men who represent themselves
as adJusters for the insured. and who
are properly termed tho IRE gong
gang who follow up fires Ike ambu-
lance chasing lawyers follow MP acci.
dents. ana assume To be- adjustcrs, .
ha'" license from the insurance de-
parlmcnt cor be- subject to the criminal
ponaltica provided in q companion law
passed at this legislature.
TIA" farmers mutual Insurance
agents law requires farmers mutual,
To file "a certified list Of agents with
the insurance department. rather than
with tho various counties in which
they do business.
The farmers mutual fire irsuranc"
law. amended, provides that farmer :
fire insurance companies may
insure horses when absent from IT,"
property and H. LIVERY barns. Tor =
period of Is hours
Another amendment To tho farmers
mutual fire law permits farmers ma
.uals 10 insure property when located
G contimIous counties To- the oourti,s
IN which The policy holder resides.
Fire Marshal Lave.
Tnc amendment To the present dre
law provides that after the
re marshall has given notice 10 prop
'rty owners 10 remove or r'pair props
'rty. and the owner fails or refuses
% do 50. the fire marshal may pei
orm the Wort, himself and charge the
Expense and - per cent penalty To tho
az assessment of the property owner.
The moving picture show law places
moving picture shows il this stat"
,udrr the supervision of the fire mar
hal requires inspections at least
vice year, and certificate from
he state treasurer Of such iEspcc-
ions, for which the owner paAs into
he state treasury SO. which goes to-
ward The support of the fire marshal
apartment
The appropriation for the support OF
he fire marshal department provide
hat $l6,0oO annually shall be trans
erred from the retalitory fees of the
department To the lire mar
hal department.
upport of the fire marshal department.
royides that Sl0,000 be transferred as
bov,, for he support of the depart
nout mtil July /. 1919
Compensation Laws.
TIE amendments To the Nyorlmen .
law proNldca thar The
Insurance commissioner and state
treasurer may invest The Surplus Of
he Workmens compensation burcau
n the insurance department. in il.
crest bearing bonds the residue To- >
- the support of the department. in
te7d in simply receiving bank inter !
81 on deposits. Also. that payments !
lad" a. the hurcau may hc made
through the auditor generals u'licc. !
instead of the hoard of auditors |
hreby providing prompt method !
/ payments, instead Of waiting roi
he semi monthly meetings of tho |
oard uf auditors.
The amendment 10 labor laws pro-
idrs that state officials may have the |
Sc of tie records of the state labor
commissioner, and Was passed Ia en-.
bic the Workmcns compensation bu.
eau in the insurance department. tn |
vail Itself of inspections of plants Of |
pplicants for membership in the bu. !
cuu thereby saving the expense a. |
inspectors.
comp nsation for state employees
'hls laW is part OF the state lire |
una laN, and provides a method of /
aNing certain premiums into tho |
tate workmen's compensation hut
eau 10 provide a fund To pay injured |
Continued on 5th Page 5th Column.