Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1913-02-09
LIFE INSURANCE
GAME FOR STATE
OKLAHOMA WOULD 60 INTO THE
BUSINESS UNDER TERMS
or THIS Bill.
ESTABLISH A LIFE FUND
For Granting Life Insurance and Pay
ing Old Age Annuitics-May
BE Passed.

OKLAHOMA CITY, FEB. S.-(Spe-
cial.)-Oklahom Will go into the life
insurance business under the terms
of bin introduced in the house yes
terday. The bill is copied after the
state life insurance bill now operating
in the state of Wisconsin which has
greatly reduced the cost Of such in
surancc. Representative King is the
author of the bill and the following
members names appear as joint auth
ors. King, Rose, Crawford, Ruby
Testcrman, Whitman and Nosburgh
Of the house and Memminger, Warner
and McMechan of the senate. Tho
bill follows:
BE It Enacted by the People OF the
State Of oklahoma;
"Scction /. There is established
life fund' to be administered by the
state without liability on the part of
fund. for the purpose of granting life
insurance and annuities to persons
who at the time Of the grating of
such insurance and annuities. are
within the state or residents thereof.
Section .. The state treasurer
shall be cN-officio treasurer and GUS
todian Of the life fund and all other
matters in relation thereto shall be
u'"'' 'ne '"l''' '''oi' W wv
sio''' u ~, VI me- r''''l H'''I' -, W
Such p'n" 'H'r'io' as may o' '''I"'i
ca ana approved pS ,'e s"'eIi'o' "''',
l"i' VI 9'"'c ""''" Sn"" We "a,
49,
approval anu St"Gl'' u'i '0'iol' ~ w
commissioner "i MS VI a"Ve "' " ''''
aI'''.l ~ oI Inv So a., i"V '',o T.,
treasurer SH"u Oau9c INV "I"n'Ns IVA
t"e me i""" u o' NV '','" -. III %
ulo' 'Eds'S o' c"' eS',''e az '"' '" ~
cetu l""-'l'IuS ol '"e i'Sl d97'SS'' "
Nalu'"oh' Salu Iea, oSc',t ~ "e S''e
ualeu Nho'Iy oulSluc ol ti'e minus ol
any moor poraleu c''y anu uSeu "''oI-
nor tI"%'hE or "Si ''"i,u'' '' p"'
poses, ''e I'oI'E"s"I !" an O"9'9 80
pay 'ile necessary SNP''So9 % man
lhs sa'u loans salu H,o''s"E'S y"
oraW rae 81 '''I'i' 'S' per ''l'''''''''
ana III ''N' III" .'''eI '''' SOU -
may dispose OF suCH Se'uiI''eS "9 .''1'I
De JIG, eSs'''S III '''' i''-''' : Va
su'h luiu9'
S'o1'H %, "It'i' ',i0F
from tHr l'NN'E V"''' VI ''''3 ',' .'0
commissioner oi ms a''''
pare ana me III ms oll''e iUlI',a "4 q"
Pl'''t'""S an" po'r''os' 9Or'tue,'. -,
''i'"''''' 3 -,
ana r'S'IN We anu o''''' u'',' anu .i'ia
Ior carry 'ls o"' '''' - '''''''' ''
act
0ec'loh - ne %
insurance J" ''' me iui'" a''''.'
pas'0 upon 'l' Nli'V' ,'"" -
taple Oh ihortal''y WIN 'un'.',''.' ,'.'., -p
extra h'paI"S' an" WIN ''i'V' -,
three per cent per "ii'u'''' ~ 'It
shall pe "oueu 'Ui eNp''''.9 ''''' ',''
tlhSeh''eS t"o "o'''.i' PEI '''
th"Us'"u uo',"iS VI
an a"'ou'i' u''.' ''''Vo 'l.',,,'; 80,
each ol 'le possip'' pi e''''e''' i,i.,, PtS
mehts' the prtSv"' N"'UG
sAaH De ePu"I 10
present Nalue VI 'iIe 'oa'S VI
ahce on 'He o's.S "loi eS'.'u
Neeuun o. me II ei'''".''' n',
hult'eS silal "c ""''" upon ['
ush ""'''S 'i"ui'S ''''i'''
interest a.. 'nree per SeIt I'' 'i''''''-'' ',.t
win auu'''U"S I'' "',U
uhsehclts u'5'rlOu'eu 'q"'''y '''' 'oU7' u
each OF the premium. pay '",'''' ''''
present Naiuc OIL "nf'h S"''l pe o'.o
SlNln OF lne net sllbie plcIHlulH A''