,''>[-PEL'LCTF.NDEN ' OF THE INSUTLIXCE DEPARTMENT.

As a fitting tail-piece to this frustrated legislation of last year, "Monsieur Tonson has come again" this year, with another bill recently introduced in the Assembly, aimed at the same Company. It is entitled " An act to prevent the making and publication of false and de?eptive statements in relation to the business of health and casualty

insurance companies," and provides as follows :

SECTION 1. Every advertisement or public announcement and every sign, circular or card hereafter made or issued by any company or corporation transacting within this State any business, under the laws, governing Health and Casualty Insurance Companies, shall state the amount of capital actually paid in and the kind or kinds of business engaged in l)y such company and every such advertisement or public announcement and every such sign, circular or card hereafter made or issued which shall purport to make known the financial standing of any such company or corporation, shall exhibit the gross assets and liabilities and the net surplus of assets over all liabilities of such company or corporation, including in such liabilities the fund reserved for re-insurance and any such company transacting more than oue kind of casualty insurance business, shall in such exhibit separately state the amount of reserve for each and every kind of business, and which shall correspond with the next preceding verified statement made by such company or corporation to the Insurance Department of this State.

Uncovering the real point of this bill from the useless and irrelevant verbiage under which it is covered up, we find it in the provision that the company doing several kinds of casaulty business, shall state the amount of the

reserve for each kind of business separately in its sworn annual statements to the Insurance Department and in its

advertising and circulating literature. Inasmuch as the total assets of the company are available and liable for the fulfillment of its obligations incurred in each separate branch of its business, there is not only no occasion for a separate statement of reserve for each sepa-