| Show I UNIFORM lm M CODE DE Of II INSURANCE MIGE lAW LS of Several States Slates Meet in St Paul to Discuss the Matter UTMOST PUBLICITY WANTED iV Would Janke It Unlawful to in Contri Contribute butt bute to Campaign Campan Funds Fund and atul ml Im lul Impose pose p Je Penalty for It 51 St Paul Aug Au com corn and a of or a I number of met today toda nt at the new nelV newstate tate state I II capitol to submit and discuss a B uniform code of Insurance laws which the hI he several state Hate legislatures of the thet t States State will be asked to adopt III at t their next nut ee Ion R K E 1 Folk of chairman chairmen rr r the committee on dairies l rl and vouch of the law lav rn H r s submitted the draft forbidding campaign contributions and laUve participation and providing prodding for the th publicity when vouchers arA rc r Involved Two Bottom If of the proposed uni uniform uniform form Insurance In code which la Is under of ft It committee appointed at lit a 1 conference of governors attorneys general crud insurance In III f March lArch M 20 last I t wire were adopted nt at the aril of the committee to today toda today day da In the senate chamber of the tile state capitol cn Beau Reau E El Folk of Knoxville I nox e Tenn chairman of the committee on prohibition of political I contributions rind read n Tort port covering this subject which was x I p ed providing that no funds shall I I h f t contributed d by br tile the agents of In companies to political purples partite Tn i no hn report r port In part Is h as fill follows No 0 Insurance company doing busl busi v e 11 I t I this Ihl state shall directly or In pay nay or use UN or offer oter any an money Mr r property In aid Rid of any an political par party part party ty t committee or organization or for tor the reimbursement or Indemnification of offin fin person peron for property so used Any officer director stockholder attorney or agents of any nn corporation which i Mates thin this I shall b bt be guilty of oC oCR ofa R a misdemeanor and punishable by im Un and a fine tine of not more Inore than 1000 14 0 Th license of any company or as ns association nilI I o found guilty gUilt of M violating this section lion may mil he suspended or revoked In the t hp discretion of the Insurance com corn n The Tb prohibition which l I la drawn dran up shag the th lines linN of the tho New 01 York law lawRO also RO provides that no person shall be bp excused from testifying or producing any an books bonk papers or other documents document before any an court or upon till the ground round that the testimony required r of f him may ney tend teO lo to tf convict him of ot a or car to subject t hIm to lo a 1 penalty j or forfeiture The Th co took look under tinder con it the report of or the committee on nn salaries of at officers The report roe rec tn n d the Incorporation of a I pro islon providing that shot any an salary ealar corn com rent rn t Ion or car emolument to any an Implore the company amounting to more morean an all JV O shall be bf taxed by b the board I directors Irl ton and anil not lot for n a longer pe pt pel 4 l than one on year The rt provision roI lolI also aim al O provides that no noI I ifon shall be granted to 10 any officer and provides that no agree nt shall be lip made whereby hereby an cm em emi i love shall receive r cele a salary jor tor n 1 longer than one OM year The legal irgal act art renewal contracts and It If It itsines does sines an amendment ment will bo ha Incorporate ate to n allow the making of renewal for commission for far to pro NC proc c fri these p the committee deems It very verb In A section was IS passed which provides that every fIr disbursement of Hr or more morp b M made on voucher set lIet settine tine tto forth r an Itemized ae I I |
