OCR Text |
Show INSURANCE BUREAU PROVIDED FOR BY NEW SENATE BILL Bills for an entire revision of the Insurance In-surance laws for -the State, revising the system of supervising the Insurance companies com-panies and building and loan associations ' and establishing an office for the superintendent super-intendent of insurance is the substance of bills Introduced in the Senate yester-, yester-, day by Senator Charles R. Hollingsworth - of Weber county. The adding of the ' building and loan companies to the list of companies to be Inspected Is a new Idea. The Utah- Association of Life Under- writers has been active in framing the , bill with Mr. Hollfngsworth. . The question ques-tion of fraternal Insurance will be taken up later. The first of the bills Introduced by the Senator provides that the bureau of insurance in-surance be established In the office of the - Secretary of State and that the superintendent superin-tendent be appointed by him. Senator Benner X. Smith introduced the bill, which he has since withdrawn, that provided pro-vided for a superintendent, a clerk and a deputy and that the aommissloner be appointed ap-pointed by the Governor. The Hollingsworth Hollings-worth bill Is believed to be more econom- .leal. |