Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1919-03-14
FIRE INSURANCE
COMP PANlESLOOK
]. into new BILL
Foreign Concerns Anxious
Over Revocation of Ger
tificate Features.
TEETH OF BILL
WERE PULLED
Insurance Companies Not
Treated Hafshly BY the
Sixteenth Assembly.
Especial to The 1Ierald.)

Bismarck; N. d., March 14.-In
surance Commissioner Olsness is de-
voting much of his time nowadays to
telling foreign fire insurance compan-
vides for the revocation of the certi-
ficate of authority of insurance COM
panies charged with discrimination.
The bill originally provided that "if
the commissioner of insurance has or
shall have at any time after examina-
ton. reason to believe that any an
nual statement or other report re-
quired or authorized by this article,
made or to be made out by an officer
or agent of any insurance company
is false, or If the commissioner of in
surance has or shall have at any
time after such examination reason to
believe that any insurance company
is practicing discrimination against
individual risks in the issuing or can
collation. of policies. it shall be the
duty of said commissioner or insur-
\ ance to revoke the certificate of au-
thority of such company and mail a
copy OF such revocation to such COM
pany and to the agents thereof in this
state. and such company and its
agents, after such notice. shall dis
continue the issuance of any new
policies or the renewals of any polio
les previously issued: and such revo-
cation shall not be set aside nor any
new certificate of authority be given
until satisfactory evidence shall have
been furnished to said commissioner
or insurance that such company is In
substance and in fact in the condition
set forth in such statement or order,
or that such discrimination has not
: been practiced or that such practice
OF discrimination will Immediately
cease, and that the requirements Of
this article have been fully complied
with"
The teeth of this bill were pulled
the following section:
NO action on the grounds of dis
elimination shall be taken by the
commissioner unless upon a written
complaint under oath or information
and belief of the person or persons
Interested. showing in substantial de-
tail the ground for complaint, with
such data as will reasonably enable
= the commissioner to determine
whether there is probable cause
therefor and no such action shall
be taken nor shall there be any ex-
animation thereon until copy Of said
complaint and data shall have been
sent by registered mail to the irisur-
Gsrce~ ~company5Concerned and such in
s,lrance company shall have at least
ten days notice of the date when such
examination is to be held"
: The recent assembly did not treat
Insurance companies very harshly.
Not, a$;great number Of bills were in
i trodufed. Those which passed were:
III Honse Bill 56, providing for work
msft.s compensation.
House Bill 63, requiring at least
$250,00O capital stock from foreign
insurance companies admitted to the
state.
House Bill II. making an appro-
priation to pay the premiums on state
officers bonds.
House Bill sS. amending the laws
relating to mutual companies.
' House Bill 92., defining the scope of
mutual companies
House Bill SO. providing for ex-
ance contracts.
House Bill 90, relating to revoca-
ton of certificates.
House Bill 81. making appropria-
!. ton for fire departments.
House Bill 165, providing for whole
family fraternal insurance.
House Bill 1856. adding automobiles
and vehicles to property to be pro-
tected by county mutuals.
Senate Bill 80. providing for state
fire insurance in individual, risks not
i to exceed 100000 and reinsurance of
Il amounts above that upon all property
q Of the state. counties. townships,
school districts and municipalities.
.Sfs. Senate Bill Al. semi-compulsory
hail insurance providing for three
cent-per-acre levy on all tillable land
and. assessment not to exceed SO
, cents per acre on lands voluntarily
availing selves of protection.
Senate Bill 48, extending scope of
state bonding department to include
state as we'll as all other public Off
Senate Bill 15s, removing distribu-
ton OF publication of insurance state
CONTINUED on page 5.)