Show i t f. f Trust Tightens Its Grip I the tho effect of or Senate S nate Bill Xo Yn 84 would wo be in n ami nd I I WHILE V tighten the tile grasp of the insurance trust t upon Salt Sail Lake and md other the thc trust becat became e I communities of ot Utah tah we H cannot under understand tand how I foolish enough to raise the question by br the measure Public I indignation over Ibo treatment Salt Sail Lake receives from the fire insurance ance combine was already sufficiently J heated when hen t the he ach actual nl effect of ot this proposed stat statute ute becomes known knO th the feeling feeling- of public resentment resentment resent resent- ment will be greatly intensified Briefly sketched lull Dill No o. o 84 provides pro a way whereby t the he state tIte I b which the trust insurance commissioner shall act as fiS the thc instrument by f cul punish its recalcitrant i members and thus maintain the solid alignment align align- I ment melt of or which Sail Lake citizens are well aware to their sorrow Jl Jt for from Utah company that fights the not flat only provides driving any trust except except- in the open where the Uw tru trust t can an get at it ii it but hut it il makes es I I it a misdemeanor meanor for the tho h holder lder of a n Lire fire in insurance policy to accept j I any rebate on his insurance And it amends the exi existing exiling ling law so o that a. a system of espionage may Ulay be established by t the he trust over vr its own j 1 members with entire safety to t Iho tho o spy py Under the tho present statute the spy who angled for for a rebate could coul not get geL immunity by hy t testifying and ana I this tins r rendered his Ins occupation hazardous that danger the new law Jaw removes Senate Bill No Ko 84 amends certain provisions pro of the insurance act net I of or 1909 Some Some- of the changes proposed are arc harmless enough so o far faras faras faras as AIl any deviation from the thc existing law i is concerned although a careful rending reading of tho the statute which is st still ll in f force inspires the belief the Legislature Le of that somebody either cither chloroformed or hypnotized While I he the intent of that tont y year ar while the measure was being enacted that law may have lun-e been to protect the people the result of it is more moie moret largely io to protect the insurance companies t Minute comparison of the tho insurance measure i j now pending I in the he Senate develops de that it its effect is to extend to fire insurance f companies the benefits and emoluments that are now no enjoyed by hr the life I insurance companies alone llone Under the existing law la lathe the life insurance companies are arc not permitted to give ive rebates and any individual taking out a life policy who accepts a rebate is made equally guilty with wHit the company that t grants it It is easily casily ly seen that the effect of this is is to maintain the life board companies in iii their absolute monopoly of the field and prevents an anyone one of or them from quietly offering extra exila inducements to the thc insured such a a. company can cau do so only by publicly announcing itself a t competitor whereupon it v will vill undergo such discipline dis dis- 4 from the combination of concerns concerns con eon as refractory companies rece receive c cerns that monopolize the fiel field So much for the law of loon IDOl t I The be new nc statute that is proposed extends this sweeping sweeping- benefit to toI the tIle fire fire- insurance insurance t trust also aln One is warranted in assuming that the thc f I fire insurance insurance companies 1130 have regarded with envious eyes the pr privileges that were enio enjoyed cd by their brethren in the life field riehl and are dot determined that the tho state or of Utah shall include fire insurance al also o in this shower I of good things |