The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1917-03-08

4
affecting insurance were passed at the
last session. ..a,s.
Rating Bureau Bill.
House Bill No. ia. offering North
Dakota a copy of the Minnesota fire
rating bureau law. had more friends
and many warm supporters. The ad-
ministration wanted 1t. and the COM
missioner of insurance, in whose Of
flee the bill was drafted, pleaded for
\ it. But the senate sat on the bill
on the grounds that no insurance COM
missioner. under the present system
of electing a new man every two or
four years. can be expected to know
enough about fire risks to assume SUI
pervision over rating bureaus.
A workmen's compensation act also
fell by the wayside.
These two were the only important
bills affecting the insurance business
which failed. unless there be added
Senator Martins privilege tax meas
ure. which would have had insurance
agents pay a license of $50 the year
for the privilege of s~lling policies.
Insurance Bills Passed.
Bills which passed both houses and
now await the signature of Governor
Frazier. and which have a direct or
indirect bearing on insurance. are the
following:
S. B. No. 4S-Amending the laws of
1913 relative to the assessment Of bank
stock.
S. B. No. SS-Providing that settle
ments for personal injury or death
shall be void if made within 80 days
following date of accident or during
period of disability.
S. B. No. 56-Relating to assess
ment for taxation Of real estate mort
cages; providing for sliding scale of
taxation under which no mortgage,
however small. may escape paying a
tax of at least 81.
s. B. No. 55-Fixing situs of monies.
and credits for purpose of taxation;
providing that notes. monies, mort.
cages or other evidences Of credit shall
be assessed in the territory in which
the business originated, regardless of
the location of the corporation or in
dividuaI holding such credits.
S. B. No. 247-Creating depositors'
guaranty fund for tie prntet ton of
depositors in North Dakota banks.
s. B. No. 142-An act for the pur-
pose of perpetuating the testimony of
injured persons in proceedings in the
courts of this state.
S. B. No. 7S-Reuuiring steam rail-
ways operating in the state to pay en-
ployes semi monthly.
s. B. No. 82-Providing for compul-
sorry medical inspection in the public
s. B. No. 135-Admitting cooper
alive and assessment life insurance
companies to the state.
s. B. No. 237-Providing for the
taxation of inheritances and devises.
s. B. No. 15S-Providing for state
board of electricians and requiring ex-
animation and registration of elec-
tricians.
III. B. No. sS-Making perpetual all
county mutual insurance companies
hereafter organized. and providing for
reorganization of companies now ex-
istent, under this act. ia
S. B. No. 2-Constitutional amend
ment empowering legislature to, levy
statewide land tax to provide for
state hail insurance fund.
II. B. No. 25-Requiring assessment
accident and health insurance COM
panies or associations to deposit $10,-
900 in satisfactory state Sor federal
bonds with commissioner of insurance
for protection of policy holders before
receiving license to operate in state.
H. B. No. 16S-Providing that every
person insured by a domestic mutual
insurance company shall be member
shall remain in force; that he shall
be entitled to one vote for each policy
held by him, and that due notice shall
be given each policy-holder OF the
date for the annual meeting.
H. B. No. 154-Providing that do
nestle insurance companies may pay
dividends only from surplus profits
and after q sum equivalent to 40 per
cent Of the premiums on all unexpired |
risks shall have been reserved.
H. B. No. 145-Prohibfting delivery /
or negotiation OF note or check taken |
In payment of first premium on life |
insurance policy until policy has been |
delivered or applicant has passed sat |
lsfactory medical examination.
H. b. No. 253-Appropriating $50. 00n |
TO provide for payment OF per cent of !
premiums received on fire insurance |
policies to the various fire depart |
nents of the state.