Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1919-01-16
efFoNv TO sE MADE TO ENACT
rAW TO EsrAsLIsH MAX.
iMUM INsuRANcE.
WOULD INCLUDE ALL
FIRE AND STORM RISKS
Dill Proposes That Dursau Dc Created
Within state Insurance Department
70 Pass Upon Every Poliey--hati6ea.
tion Of prohibitory Amendment
Establishes Record.
Special to Times. Republlca n.

SpccmI 10 llneS- RepuDllctn
Des Moines, Jan. i6.--Folowing the
joint session Of the Iowa legislature
address both branches adjourned Y?
meet Tuesday next. at which time the
legislative committees will be made ny
TO be announced probably on the fol-
lowing day. Then the machinery for
the Thirty shth will be complete.
The ratification of the federal pro
hibitory amendment by both branches
ednesday within fifty five minutes OF
the time it was introduced in spite OIL
IAN attempted filibuster by the vets
established a new record for speed and
dispatch in the Iowa Legislature Old
timers say 1t has never before been
cqualsd. Organization, team work ana
thorough planning made il possible.
The prime reason for rushing 1t thru
without delay was that Iowa might DE
one of the first thirty six states to
ratify, and 1t Just got in at thirty
first place with three other states close
behind. a total of thirty -four having
OtlOIc TIE Vas oNSi.
State Rating Bureau.
One Of the first measures to come up
next week which is already being plan
ned for will be the bill to create u
state rating bureau to be made part
of the state insurance department.
Representative W. d. Miller. Of Boone
county. who introduced similar meas
ure two years ago. has fathered. the
measure and will introduce it in the
house. Senator Holdoegel of Calhoun
county, will champion the measure in
the senate.
Two years ago the rating bureau law
under which the state had operated
for brief period was repealed. 1t is
claimed now by Representative Miller
that since this rating law was repealed
insurance rates have gone higher than
ever and that state control is neces-
saryt
The Miller bill provides that the in
surance department establish within
ninety days after the law is enacted a
rating bureau within it's department
for the purpose of establishing maxi
mum rates for insurance on property
in this state"
The bureau would be required to in
spect every risk specifically rated by
1t and make a written survey of such
risk and specify all flat or classified :
tion rates for farms or town dwelling
property. III
All stock companies writing fire,
lightning, wind storm or hail insor-
ance would be required to become
members of the bureau and would be
prohibited from charging a higher rate
than the maximum named by the
bureau. The member companies would
bear the expense of establishing and
maintaining the bureau on pro rata
basis
The new plan is fundamentally diff
ferent from the old rating bureau a(tho
II is to provide for the same thing
practically and that is public regula-
ton and control Of insurance rates.
The former bureau was financed and
administered by the Insurance COM
panies themselves and it's rates were
subject to the approval or rejection Of
the state insurance commissioner. Rep
resentative Miller's bill would provide
that the state itself fix the maximum
rates Companies could charge small
err premiums IL thew 50 desired