Show insurance companies are to give an accounting neb aug 8 ralph W breckenridge rit 0 maha chairman 0 the committee on insurance of the american bar association had completed the report of the committee which Is to be presented to the annual convention narragansett pier which will be held aug 23 to 25 the report makes five specific recommendations dat ions as follows legislation by congress providing for the supervision of insurance te 0 all valued policy laws a uniform fire policy the term of which will be specifically defined the repeal of all retaliatory tax and stricter incorporation laws in the several states as they affect the creation of insurance companies and a general epati ute prohibiting the use of mails to all persons associations or cori lons transacting the business 0 insurance in disregard of state or federal regulations president roosevelt s quoted as having said to the committee that ha Is very much in favor of federal supervision of insurance W R vance of virginia a member of the committee Is expected to present a minority report in which ho will differ from the committee not on its general findings but on the proposition that there Is no constitutional obstacle existing to inauguration of federal supervision of tho insurance business |