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Show company ia sura a war as to enable it to place insurance oa school reiild ings and other ptihHe property. This hill ran introduced by Representative M. H. Welling in tha interet of tbe Bear River Mutual Kire Insurance com pan v. Henate hill No. 44 wee introduced at the request of the insurance depart ment hv Senator Burton. Its effect ta to transfer jurisdiction over surety companies from the aecrrtary of at ate to the commissioner of insurance. Theae companiea are bow classed an insur a nee companies and are required to report to the insurance department end to nav the feea and premium tax pain hv other insurance companies. An amendment made to the hill in the hmi-.e and approved of such companiea in l'tah, eapei-iallv the deposit of 2.V twy pre ioustv required, and reduces the prescribed capital from 'JAO.tXW to I'lVi.fHM. At the name time, it gives the fomminoinnfr of mm ranee In ircsaed power in reference to eiatnia ing and supervising inch companies. Others of Lee Importance. Senate hill No. tn, introduced hv Sennrnr Burton on request of the department, de-partment, proposed to amend the .in mi ranee code, nut after being amended in a number of particular and paasing the senate, it waa rejected ny the house. A number of other hills" hare been passed, mostly perfunctory, with reference to the payment of certain feea and the filing of report a in the office of the secretary of atate or the commissioner of insurance. ORDERS THAT GIVE INSURANCE AFFECTED BY NEWLY HADE LAW Legislation Recently Enacted Enact-ed Also Alters Duties of Commissioner. Tht late legislature paaed a nuin her of hi I la relating to insurance. The longest of theae ia what ia known a the Mobile fraternal hill, emanattuff from the fraternnl order, and fornm latrd and recommended for enartnient at the national convention of insurance commifainnrn, in aeaxion at Mobile. Ala., in September, lfHV Thia waa in trodnced in the legislature aa h,oue hill No. K at the request of the com miaeioner of insurance, iltard Oone, who had been urged to aecure ita on actment by the ornera comprised in the national fraternal congrrii and the Awociateil rVaternitiee of America. Ita paewgo through the two houae waa attainted bv the efforts of a com mi t tee on h'gialation appointed bv theae two bodiea of afcliated fraternal or drra. Thia bill provide that all fraternal orders operating in the atate shall make annual report to the coinmiaeioner of insurance, setting forth in detailed form their anacta and liabilities, to gether with a valuation of all outstanding out-standing certificate aa of the .lltt of December next preceding. A Vertifl rate of authority will rw iaiue each vear to all aocietieH that qualify, en Xtlisr thPiu in do In m in the atate for the current year. If any fraternal order falls hort of the reanirementa regarding the valuation and reacrves, it will be allowed a certain number ot vear a to make up thnt detlciencv. Bv IVcember 31, 1121. all auch defii'ienciea munt be praeticallv eliminated other wise tho commissioner ia required to eloa the order out of tha stats. Othar BUtea Alto Act. Aa thia bill has been, or is being, enacted in practically all the states, examinationa of fraternal orders will l made bv insurance eommiaaionens of states ia the vicinity or the bom. office, of-fice, the results of these examinations being furnished to the other eommis sioners on( request. , The expense of such examinations will be very light and will lie charged against the order examined. This will enable the commissioners In all the states to obtain, at least once every three years, a complete statement of the condition of each fraternal fra-ternal order operating in their respective respec-tive states. The whole purpose of the bill is to place fraternal orders oa a safe basis and remove the haphaxanl iruessing that haa been the bane of this form of insurance from the Drat. Bill for On Company. Mouse bill No. 64 has to do with the one county mutual lire insurance company organized in 17tah, and changes' the law with reference te thtsc |
