FOREIGN INSURANCE COMPANIES.
The Committee on Insurance reported on the Revision Committee's bill [H. R. 344] concerning insurance, recommeding its passage with amendments.
On motion by Mr. CARTER, the bill was laid on the table and 200 copies ordered printed.
Mr. SCHWEITZER moved to amend the bill [H. R. 344] by adding the following section:
"All Insurance Companies organized pursuant to the laws of this State, before there is any business done in any County in this State, shall be required to procure from the Auditor of State a condensed statement of their condition--each shall contain such itemized statements of liabilities as the Auditor may deem it necessary to show the public the true condition of such Company, and they shall, before taking any risks or do any business in this State, cause such statements to be published in a newspaper in said County."
Mr. McSHEEHY, by request, offered the following amendment:
"And such Company shall cause such semi-annual statement to be published in one paper of general circulation in each County of the State of Indiana in which such Company transacts business, and shall file with the Auditor of State a copy of each publication, together with the certificate of each publisher attesting such publication, and the date thereof; provided that such semi-annual statement shall be set solid withont unnecessary display. Furthermore, such Company, for the fuller information and protection of the insured, shall attach to each policy when issued a true copy of the last preceding semi-annual statementof such Company."
Mr. BUSKIRK moved that the amendments offered to-day on this bill lie on the table and be incorporated in the motion to print.
Mr. MEREDITH made an ineffectual effort to lay this motion on the table.
The motion was agreed to.
