Weekly graphic. [volume] (Kirksville, Adair Co., Missouri) 1880-1949, 1893-08-25
ILLEGAL FIRE INSURANCE.


stick. He does Lot propose that
any company shall do business in
Missouri without giving full as
surance that it is able to carry out
It's agreements with the people
who patronize it, as shown by the
following, the publication of which
Major Waddili has authorized.
The Insurance Department of
the State OF Missouri was created
by the Legislature for the pur-
pose of protecting citizens of the
State in the insurance of their
lives and property. At the time
of the Legislative creation OF the
Insurance Department experience
had demonstrated that great loss
and injustice was being done the
citizens Of the State by unsound
and irresponsible insurance COM
panies; and the insurance laws of
the State clothed the Superinten-
dent Of the department with the
powers Of examination and, to q
proper extent, supervision of ell
insurance companies doing busI-
nese in Missouri.
In order to protect the citizens
the law of Missouri requires that
all insurance companies seeking
to do business IN the state shall
be licensed to do sdch business by
the Superintendent Of the Insur-
ance Department. Before this
license is granted the Superinten-
dent examines the statements and
presented by every compa-
ny seeking q license, and thus as
certains the solYency and financial
responsibility as we'll as the bust
ness methods of such company. If
3 company is not able to pass such
an examination and show itself
worthy of the patronage of the cit
lzsns and to give safe insurance
to property, it is refused license
and authority to DO business in
State
The citizen is guilty OF great
negligence and business short
sightedness to insure IN any com
peny without knowing that it had
been licensed by the state depart
ment created for that purpose.
Any insurance company doing
il the State of Missouri
without License from the Insur-
ance Department is guilty of a vi
of the law. and its officers,
agents CT solicitors are subject to
arrest and punishment by fine or
imprisonment, or both. Notwith-
Standing this, there a.e today
Iclte q number of insurance com
oanies (so called writing fire in-
3urace policies within the State of
Missouri without license or auth
ority from the Insurance depart
ment. The citizen insuripg in
:hess insurance companies has no
means of ascertaining their finan-
nal responsibility or business
honesty. The fact that they are
aw breakers and carrying on their
business IN violation Of the stat
ties OF the state warrant the con-
'lusion that tLey are unable to
tand proper examination by pro-
'er authority, and that they could |
lot receive q license from the in
department to do busl-
less in the state.
When 9 loss Is sustained by one
+ these insurance companies
here is no person or agent in the
State OF Missouri upon whom the
insured could serve process
hould they have to sue the com
ANY, and be is, therefore forced
0 sue the company in some other
tate at great expense and with
oubtfpl results. Too often, the
ruth is, there is nothing to be
lade ont of these unauthorized
nd unlicensed companies when
nit is instituted and Judgment
btained. 70 guard against this
as an easy thing on the part of
le person desiring insurance. A
,tter or personal call on the
uperintendent of Insurance at
t. Louis will always secure print
4 lists of all the insurance COM
anies licensed TO 90 business in
le State Of Missouri.
In order to suppress this uneu-
lorized insurance by these un- }
censed companies and enforce
le laws against the violators, the j
uperintendeHf CT the Insurance |
apartment has written a letter ,
the Prosecuting Attorneys of
ie several counties of the state /
Illlng their attention to these a
olatlona of the law, and asking 7
elr cooperation in driving :
ese unlicensed and law-break-
g insurance companies out of
Q State.
The following list Of so-caIled
surance companies are doing t
in Missouri in violation +
its laws and without any author !
y, and should be Stunned and $
.oided by all persons desiring u
e insurance: +
Merchants Fire Lloyds of New i.
Drk. =