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Burns admits sponsoring pro insurance bill amid stake in firm
Senate leader Hugh M. Burns acknowledged he sponsored a 1965 bill to allow credit disability insurance in California while he was president and a major owner of Menlo Union Life Insurance Co. He said there was no conflict of interest and that the profit from the firm was not significant. Burns claimed he aimed to exit the business and offered no direct benefit from the legislation.
MENTIONED IN THIS ARTICLE
Burns
Sacramento LP
Senate
Hugh MM. Burs
Fresno
Burs
David V. Oliver
John J. Sullivan
Savings and Loan
Menlo Union Life Insurance Co
Phoenix
Oliver
Association of California Insurance Companies
Pan
Menlo
California
Assembly
George Zenovich
Zenovich
Edmund G. Brown
Staite Corporations Department
Household Finance
Beneficial Finance
Menlo Union
Corporations Department
Mento Union