Show I Arrogance of Insurance Trust I SENATE ENATE Bill Xo 84 ought to bc he labeled labeled a a bill bilI for the suppression I of competition between fire insurance companies and for rendering I state aid to the fire insurance trust by pun punishing shin its disobedient mem meni- t I bers hers A searching investigation of its provisions shows that the above I would be he its result whatever o its iLs intent The state insurance department department depart depart- ment was instituted in iii n Utah to protect the time people against unreliable companies and to enforce rules under which the insurance business I 1 should be be conducted To the extent that it doe docs so it is a valuable t department of the state government it ou ought ht not however be made madean an art instrument of the time trust l for the time latter's profit nor liar should the lie I t state insurance commissioner be made mad a n. viceroy of the insurance combino combine cornI com corn I bino bine governing Utah under the thc combines combine's direction I Tho The power wielded by hy tho time Pacific Board of Fire Underwriters is well k known own It absolutely fix fixes insurance e rates in Salt Lake Lkc and every t I other community in this state stale So bol boldly ly unblushing is it in the time exercise of its monopoly that its secretary actually appears appeals before civic organizations and the UC city city government al and l announces es dem demands demand that must be bc met before this city can mu secure a rate reduction It J is well understood I I that s ultimatum is from froni the trust and ancl that there is no no appeal and no r recourse I t The situation is s so 50 clear and md the lie trusts trust's control is so o complete that 1 Senate Bill No Ko 84 t seems unnecessary sary except that it facilitates time the trust trustin 1 in maintaining di discipline among mon its members and makes make tho the tate state the n of or Ilin fh 1 f f in n 4 I 11 linen vl- vl v l ci inn i li rj t f J i It i- i should l id 1 bc Jc- Jc understood nd t that such deviation i i lr is i not ot punishable i jr if written 1 j I into the pol policy e but hut he lie would be bp sin ly childlike and bland that thal r I entertained an any aimy doubts ou ts n as to the ultimate fate fate of any company compan that I id hI it ii I The rhe measure under under discussion ion should bc he beaten The TIme people do doI donot I not need it it gives gies them no more protection than the they enjoy un under er I the present l law w its only effect is to enable the insurance co combine to tot t maintain its grip on Utah an and to to punish those of ot its ils members who I grow grov ro weak in the faith It is to he be hoped that e even evry ery ry member of or the tue I Legislature will compare the lie proposed law with the pres present nt one before taking any auy action t 1 |