Evening Republican, Volume 17, Number 257, Rensselaer, Jasper County, 28 October 1913 — State Goes Into the Life Insurance Business. [ARTICLE]

State Goes Into the Life Insurance Business.

The first policies in a state life insurance fund in America were issued at Madison, Wis., Monday, by the insurance department of Wisconsin. -Former Speaker Charles A. Ingram, of Durand, who introduced the bill in the 1911 session to create state insurance, received the first policy. Applications came from several states, but under the laws policies ’may be Issued only to residents of Wisconsin. No policy is issued for a larger amount than SI,OOO. When the number of policy holders reaches 1,000 the maximum policy issued will be for $2,000, and when the number reaches 2,000 the maximum policy will be for $3,000, the highest'amount authorized.