The Springdale news., 1918-01-18
FIGHT TO ABOLISH
 ACTUARIAL BUREAU
Candidates for the Legislature Will Re Asked to Declare Themselves On the Proposition.

- ~A 0fs2 "1At1il tilt insurance companies have enjoyed for num- Der of years at the expense of the peo- pie of Arkansas, made possible for the Arkansas Actuarial Bureau. same being a creature of the General As Sembly of 1913, t now appears is doomed to pass away at the next ses- Sion of our Legislature. This will, in- deed, be a hard blow to the Fire h. Surance Companies as no more pro- lItle crops were ever obtained by cul- tiYation of the field of legislation than that yielded by the people of this state under this unjust and nexeusabIe Law
 The Law not only permits. but forces every Fire Insurance Company doing business in Arkansas, 10 become party to and member af this in lquitous combine and forces them to charge the same rates and the Ac- tuariai Bureau IS an institution strict ly of and for the insurance companies and under this system there Is abso- lutely no limit under the sky to the rates which they may charge for in surance. Since the enactment of this law and the institution of the Bureau. insurance rates in Arkansas, have ad- yanced more than one hundred per cent and in some instances as much as one hundred and fifty per cent. To give the reader some idea of this huge joke on the people Of our State We copy Section II of the Act creating this Bureau and which Act repeals all laws before enacted in the protection against unreasonable insurance rates.
 Section Il of this Act Is as follows
 All companies, corporations or as sociations authorized to transact bus mess or insurance in this State, shall file with the Auditor of Insurance Commissioner, a schedule of rates of premiums to be charged and collected therefore, on contracts of insurance CT indemnity proposed to be effected by said company, corporation or asso- eiation, which, in all cases, shall be fixed percentage of the amount insur- ed, and such companies, corporations and associations may employ com mon expert to inspect individual risks and advise the premium to De charged in accordance with schedule of rates on file with the Auditor of Insurance Commission, and such premiums shall be uniform for all risks rated under the same schedule
 As an excuse for raising the insur- anee rates more than $125 on the hun dred the insurance companies and their agents offer the high cost of production, etc, which might be a log ical argument but for the fact that the insurance companies are not produc CTS, They toil not neither do they spin yet Solomon in all his glory was not arrayed like one of these The only thing they are supposed to pro duee is the money to pay the insur- ance in case of loss and we have never heard them charged with being very ready producers in such instances and they further seem to forget that the people to whom they make this argu- ment are aware that money Is the cheapest article in the commercial world. No doubt those interested in this matter on behalf of the insurance companies will soon begin making frantic efforts ta again defeat the re peal of this law as 1t is too rich for them to lose without a fight. We wish to warn our people to avoid slgn- ing any petition or other matter that will assist the insurance companies in a continuation of this get rich easy scheme.
 An effort was made at the last ses- sion of the legislature to repeal this law but the friends and lobbyists of the insurance companies caused the defeat of the peoples champions and it was freely charged at the time that much improper influence was brought to bear in the contest, however we are glad to learn that the citizens of the State are now arranging to take the matter in their own hands and declare that they will support no candidate for the legislature who does not pledge his support to an effort to abolish thls nest of the insurance trust known as tue Arkansas Actuarial Bureau. As beginning an organization has been perfected called The Citizens Equl- table Insurance League, with head quarters at Rogers, Arkansas
 The purpose IS 10 carry the cam paign into every county in the State and cause an uprising that will put this financial leech out of business forever in Arkansas.
 "So mote it be e''- Bentonville Demo crat
 c