INSURANCE COMPANIES.
DRASTIC REFORMS NEEDED.
Gxiitad Press Association—Per Electric Telegraph—Copyright. Received 9.51 p.m., February sth. ! NEW YORK. February 5.
The Legislative Committee has submitted a drastic report for reform, in 'American Insurance Companies. It recommends annual -dividends, settlement of claims, within thirty days of proof, curtailment 'of extravagance in s&aries. refor»j in investments, and fair ballot fbY offices. Publicity is' demanded in order to'Sfcure policyholders against devious management- and subterfuge. Companies are forbidden to control subsidiary companies, <r Ci.vcmmont or State.
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Bibliographic details
Timaru Herald, Volume LXXXIII, Issue 12896, 6 February 1906, Page 5
Word Count
81INSURANCE COMPANIES. Timaru Herald, Volume LXXXIII, Issue 12896, 6 February 1906, Page 5
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