The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1895-12-20
LIFE INSURANCE COMPANY
Is the Ruling by the Department of
Insurance on the
SECURITY BENEVOLENT ASSOCIATION,
An Organization Claiming Houston as It's
Home - Declared From Doing
Busiuess In The State.

! explanatory.
Hon. NJ. NJ. Crane, Attorney General
Department OF insurance Statistics and
History. Austin. Texas. December IL
Dear Sir. This department has recently
had under examination the Security Be
nevoient association OF Houston, Texas.
| an organization claiming 10 lie a beneVo-
lent ASSOCIATION. In ACCORDANCE with the
provisions of the law | beg TO submit 10
! You in detail what in the opinion OF this
| department is an open ana tIagrant Vlo-
lation OF the law and to ask at your hams
such prompt ana DECISIVE measures as
viii protect the people from beng guided
and uulcted of their honest earnings 10y
.n lua.Nuuun W..4DA ~ nl.sFe =. esy ii,.'-
tloA saatu open u4s4t-sGu "a t"e a." Is
a u'Nt VI. t"S 4"a''i's4'~t uNe-t'e'9 an
mos. nuf qua 70 Tie DooS pv"tle.
OAar-vreu t.4.Uur t.e LAWS vi ieNGs,
! u4auv ai.,. pruNI,.cu lur Lii- lu-o. pcta.l-n
ltduls purposes. tneS maze u.rI Hhu are
-sI..s lac es.,sulsti!lc paas"Vlu t'.s' te.e.i
10 lLe Vuln.rncr ca tue ptvpie, .Atn
eunI. tute tnts are loan a"us-As A.iu
uisre earning. as Is eNlueAceu uy gross
lnle.t 90 esr i'.i'.'oHs anu a lahore 10 met
us COL sa.-uus, as Is e'lieareu 10y COM
palms iuts-u Ia TINS oat'ee
rot II Uetlcr Understanding % tle
matter, / would pr, .t.'4y ca4i ) 'ur
attention. TO the thAItrr OF tnc a-~ot'a-
t.ou, a copy oil Wiucn herewith submit.
w. no i'SGs "a s'' ma i' "a, ,, m -
article :, considered as to It's verbiage,
"o-'" iNTi apS ~ eS'o' 10 ''S az On W
/ NNLe' oteut OrUer or iucurFoiHuun y
oHu,,qegatlon OF its metnous a"d pra
iiNts, HOWecNf, disputes the Nldlld uI
Z chu.ity or ben7N violence and stamps Il Il
''INvi dloh upel ca tvF pIun' ,,..,
s'i,,. 800 Oh ~ 1,,oer ~ nm,
ION - OF chapter IS oil the general
Jaws OF Tue lNrhtN -toulth leE 's'i s"tt
al piov!de for substantially the SANE
l-tls as regards The fetllIeIllrns OF
mutual re4.c', ueneI cent ana c..af !,ap.e
assoc atlons chartered uuuer ute wv OF
heNlstI statutes, ana I-r lHuatIaHuh
and summation IL IS only ne SsalE %
egNs.t>r s-o.ion - SUPRA "hich READS
as tolows. Aft. u u
NvWihg in this act shall he con-
J suued 10 auect or in any way Apply 70
n.." 9sne't oFsahi@au91I &c me- Du5i
cts or chapters, such as the Order Of
i Chosen Friends, Knights Of Honor, Pro-
ctrssiyo EndoWmeut Guild knights OF
dtel ORGANIZATIONS. or 20 beneN client as
saglauous orsanl4eI and chartered under
tue 20 OF the Revised statutes, or when
age orEanlzed un er the laws Of any
o.Atr state, which have no cupiia stock
aud whose rclpf funds are created and
| sustained by assessments upon the mem
hcrs OF said organizations IN accordance
VAN their several bylaws ana reEula-
ions provided. that the PRINCIPAL officer
Wot conducted by lo ges, quorum OF
70 Nhugc members meet IN their respective
lodge rooms al least once Il month"; shall
= be Required to make an annual statement.
! under oath, to the department Of IN.
l | suranCe on the list day OF January OF
each year, or within sixty days there
after. showing.
I a. Name OF organization and whore
e | located.
4 80 Name and residence Of officers.
= ''3. Salary raid each officer.
" "A Tho gross amount Of money received
during the year and from what sources
A ''c. The amount paid TO policy holders
- on assessments 10 pay losses.
(, 80. The amount paid out for all pur-
+ | poses. stating In detail what purposes
h | a. Surplus IN the treasury. If any.
IS. The amount Of 70 serve fund. II any
| and how invested.
=, And should any such benevolent or
II gaufzation refuse or neglect To make ar
h annual report as above required T. shall
e nc deemed an Insurance oor0plnv CONDUCT
It ed for profit to It's officers. and amenahlt
to the laws governing such comnanies."
From an examination of this section w
"a lind that an organization such as the Sc
. curltv Benevolent association may char
y ter md do business under title 20 of III
n Revised Statutes under certain conditions