The Abilene reflector. [volume] (Abilene, Kan.) 1883-1888, 1885-08-20
THE kAw LIFE ASSOCIATION
OfKansas City-List of the sureties on Its
Bond of $4,000 to the state-Points
Abcat the Payment of Losses, Etc.

ADcsft tRe Rayment OF Losses, ETC.
For Scott Daily Monitor. Aug. S, 1851
Two or three weeks ago the Monitor pub
/ liShed an article from tbs Chetopa AdrdRce
! in which some pretty severe structures were
made upon the Kaw Life Association, or
Kansas City, and in few comments mace
/ on the article from the AdUsRce the Holsst0T
stated that Intended soon publishing
! some facts regarding the operations or tne
] company, its manner of issSing poleleS
( and paying losses. We have investigated
/ the standing OF she Association TO our own
! satisfaction. lt S'not the purpose OF She
| -HeJifOT to miSrepueSeut any person or Ssy
company or make warfare upon tselr ou-s~
ness operations uajnstly. As stated, we
have given this Association and all lts
operations considerable attention aud cam
dor consPels US to gi Pe the following; as the
result:
The company issues single and joint
policies, ranging in amount not to exceed
from one TO three Thousand dollars, dor-
merlv they issued to the extent of S0,VOO,l
and like all cooperative insurance compa-'
nies the amount paid upon. the policy de-
pends' entirely upon the sum collected from
a single assessment. This.is stipulated in
the policy plainly, and any pollcy-holdr
can readily understand it oS reading his
policy over carefully. * cooperative
association must of necessity re-
quire considerable time n. which to-
grow into. a successful Sad strong
association. Men take policies in great
many instances, expecting in case of death
to receive the maximum amoUE6 stated IN
the policy, when. IN fact, they eve not pay
ing assessments for so large an amount
ANY and all can readily understand that
inasmuch as the amCunt paid the beneficiary
is dependent upon the amount collected. so
Is the rate of mortality lessened or Increased
by the actual number of members IN good
standing on the books of the association;
baDca tha hot xuhiIa r1nlip-NhOln
might receive but Il 9N0 in case of 6eash, he
would be paying for deaths on the actual
membership necessary to produce that re-
suit or pay that amount. Our readers can
readily see that If pSsicy holders under
stand fully the eXactl5tpulations of their
policies. and do not expect more than the
Association guaranteesstO give, and the Af-
fairs of the. company ssre honestly msn-
aged, and assessments aTe properly macse,
and members OF policy -bOlders pay the az
sessments promptly, there can be no tro1-
bic.
We know that the Kaw Life Associations
has fully complied with the State law in
filing strong bond with the State Insur-
ance Commissioner. The bond is for 500
600, and the stipulation set forth in it isl
that the officers will make assessments ac-
cording to the agreement in the policy, !
and faithfully pay over to the beneficiary
all money collected from an assessment |
This Is certainly all that policy-holders can
ask. We have before us copy OF the bond
and letter from Insurance Commissioner
Morris stating the company has complied
with the law in every particular. The fol-
lowing Is a list of the bondsmen with the
amount opposite their names for which
they have qualified:
kaw Life Association, of Kansas City.
BondSnsn-Savings Bank of Kansas City, |
S25i000:; Z. W. Hilhker, 5000; +. T. Stud |
lev, $4,000; +. Z. Pellette, 5000; Charles
Wilson,; 5000: Samuel w. Day, 5000;
Frank H Betton, $4,000; 7. A. Scott, |
$35I0O0;: W. H. Ryus, $4,000; H. A. Miller, |
$2O,0O0;: Frank S. Carroll, 5000; 4. III. |
SpiTey, y, ,0e0-
There are several of these bondsmen |
whom the editor of the Monitor knows per- |
sonally, namely, Henry A. Miller, ex-
Treasurer of Miami County, w. r. Hilliker,
ex Mayor of Kansas City, Kan, and |
cashier of the Kansas City Savings Bank, |
Frank s.. Carroll of Paola, Captain K. NJ. |
Spiveys of Newton, T. A. Scott and W. II. |
Ryus; of Wyan,Iotte. They are all shrewd |
business men,. and we know them to be |
amply able to pay even double the amounts
for which they have qualified. We know
some ofthe other bondsmen by reputation
and we ssy without the least reserve that
they are all um1uestiOnably able to stand |
the payment of the bond if they should |
ever be called upon to do so. What is
more they are. undoubtedly too smart to
to be all right. EhiB IS all we can say about
the bond.
In regard t5.the. payment of losses, we
take the following from the Kansas City
TImesSof August 5eh- We know Judge
Herring, who signs the certificate. He is
a reliaf4s and honorable attorney of Kan
sas City, and formerly lived in Labette
Countsythis S5ate:
TIE, 1ASE mTE ASSOCIATION.
Policy No.. 2I51, held jointly by Charles S.
Piersol and Axveiine PferSOl of Cherryvale,
Kan Scame sszl4aim BY reason of the death
of Mr. Piersol Proofs of death were ac-
cepted by the, Executive Board of the Kaw
Life Association on May 20. The beneficiary
torney .DnyesBerday, August ). The follow
--s so - - K-sssAs CRY, August. 5.
This is -tO' .cSFtify t5hiJ | have this day WIS.,
tied tt Z. office,of the. Kaw Life Association
for the. .purpCse, of adjusting the claim of
Mrs. Aingehne PieTsol, Of Cherryvale, Kan. /
/ am satisfied that ali money collected for
Mrs Hersol. n been paid over according to
the &C Catraot, asshown BY the books of the
Association
ISIS ned.l e. HERRING, Attorney.
Tho .Kaw Liz. Association is cooperative
and pGSs lOsseSSfOr assessment made upon
her rsembers, theamCVat always dependent
upon the amount cOltBeted upon such assess
men B.. The officers in1fsarge of the affairs
of til sAssOoiation gladly place all books and
pap0 rs >pertainfTg TO any claims for settle
attorney representing she claimant, and
give them all necessary information that
they lmay alSSeSs~knoVg that they receive all
MOI Seys due tffIn. An claims that have be-
con educ and payable have been paid in ac-
cor lance wiztthe Sti 5ulation of their policy
ancfh reeeiptfOf thR money paid, and the
delivery of IN policy TO the Association. to-
get her wit a. the numerous testimonials.
tn: q have. teen given TO the kaw Life ASSo-
cii zion, anGJpH blishsa from time to time in
tn cOlumEs~ of the Times, should. in our |
OF saiOn, be satisfactory evidence to any and i
al u that a5p great object of life fnsur- |
a ne is fuzzy exempiined in the Kaw Lite AS
s citation a &fkanSaS City, Kan.
In addition to the above we find the fol- !
| rsing in the Kansas City Journal Of Au- |
gast 9TH. written to that paper by It's To- |
-sska correspondents, who has access to the |
3tate Intszance. Department and has EVIL |
IDENTIFY from the Letter, made thorough |
Topeka apdiat tts home office of Ina Kaw
Iife::
KANSAS INSURANCE.
Sinee-kfse paSsSf$re last winter, sf5fthe law \
regulating mutual life insurancas-sOopera-
with theppe0plsOf Kansas. The Immediate |
result of that aw has been to dTfs-e out sew y
eral irresponsible companies tb4s we're tax
ing OarrpeOpsS under speciOus ss1ise. Prior :
to thes last session OF the Legislature there \
were. no sa Big yards thrown kboat mutua al
life iosarnnssh and irresponsife'rn 'rnen ~ "a /
mostcoyery G, ry in the State Osgaaized conr
PAM as~and. started out agenfs<for the 500
purpose of securing the poliSy money. TiBeI
riskSSxere- taken regardless OF are or cen
ditian. ana thousands wese insured WAC |
weae not 1asurable in any coed, safe casxn- |
paaW
I.ikepa dssath knell came tn passage of the |
cCsoperz5ve insurance lS2s, and in e1ery
large. city we're to be found: the wrecks of |
companies that had beeas doing q heavy
tasiness, and policy-holiePs all oven the |
State were left with naahinx but bats of
paper worth Just about sSmuch as a CsDfed- |
snate bond and costirss the holder good |
money and confidence.