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 adopted by the department, that a newly organized admitted fraternal benefit society must, in addition to charging rates not less than the fraternal congress table of mortality, hold assets to meet a liability for the reserve on all its outstanding certificates on the same or a higher basis; prohibiting the issue of any deferred dividend certificate, policy, or other contract by a fraternal society.

Another enactment is a rewriting of the laws regulating fraternal societies, including the features of the Mobile bill, with the exception of the one requiring a compulsory increase in rates. Other new laws are as follows: requiring that the policies of assessment life companies, other than fraternal, be valued to ascertain how much has been accumulated toward a reserve and that the amount accumulated be carried to the credit of the individual members and a statement thereof given to any policy-holder; extending the anti-rebate law to cover all forms of insurance; providing for liability insurance against damage to property by accident; permitting the admission of mutual companies and inter-insurers; prohibiting the sale of any insurance stock unless the contract contains a provision informing the purchaser of the percentage of payment made by the subscriber which may be used for promotion and organization expenses, etc., limiting to 10 per cent of the amount paid by the subscriber the promotion and organization expenses, and for an investigation of fire insurance companies.

Creating a commission of three members to be appointed by the governor and to be styled "Commissioners for the promotion of uniformity in legislation in the United States," and making an appropriation therefor.—Chapter 462.

Permitting a mortgagor, or his wife, assignee or assignees to