Show DISASTER HAZARD IS I BARRED IN STATE STAT INSURANCE Utah Commission to Protect Funds by Carrying Outs Outside de Policies I The he state slate industrial commission has haR decided to protect the state insurance I fund as operated under tho the workmen's compensation act against the catastrophe catastrophe catastrophe ca hazard The rue catastrophe hazard will be betaken betaken taken care of by the state taking out insurance with private Insurance con con- cerns corns In a word this means that the state fund will not hot be bo called upon to pay compensation should a catastrophe happen in Utah such as au an explosion in a involving considerable loss Joss of life If the commission did not provide for such outside insurance it would mean that in case a catastrophe happened happened happened hap hap- and the men involved were Ined Insured inI In- In I ed under the state fund that the fund might cease to exist owing to the amount that would have to be paid in compensation While the state fund is well able to take care of oC all an compensation where the catastrophe hazard is not possible possible possible pos pos- sible it has been thought wise for in insurance insurance insurance in- in to be taken out b by the state to protect itself and thereby preserve the fund The commission has received 11 as insurance premium on perSons persons persons per per- sons c employed by the state This forms 1 per cent of the payroll of the persons insured of the state road commission provide the highest premium payment of any de department department department de- de with Elective of officers officers officers of- of of state and other officers re receiving receiving receiving re- re a l salary alary of more than 2400 a I year do not come under the provisions o 0 the workmen's compensation act I through the fund operated by the in industrial industrial in- in commission I I |