The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-07-03
!" INSURANCE COMMISSION.
M. R. Higgins Submits His An
nuaI Report to Governor.
Budd.
MANY: INTERESTING DATA.
Important Points. :: Decided Cut
Observation-Disclosures of
...,. -. - Realty.


r,,si,ro,,,oo r,,tu, ,,,issiorer NJ r. Higgins
,;oj - fr.el,fy-seventn annual
-, - 1o,os II Rndd From
o5,-ooo ~ Go. e enabled 10 fur
- 9iic ny - 80, ,,,,o,o
- 4lllsu 4IgeSt OF tlIe Iel'oie' ~ 80
Irons OF the. State insurance Dep"I 'lileI'
for the twelve months ending december 81,
1881 .-.:.~.- 49,
Tho -a1,iorr treats. OF a.wide range of sub
,f..1.-.l:..... .I,a,,ovaI ~ Suits IN
- :; .,,+t i,s+ 7 ;fa ~
IeueEal 0o9I's, "a 80 -, 49,
::America,-' ne harper OaSe' Nu'
Rates 10y OUth's Endowments, Minnie
>-.apolis Masonic Relief "Fraternal Life
p. "A ssociatiOn.'r National Surety Com
2. ,,535,--.:i. ,J,rai1dLiTanf Investment Com
= Pan - ) - 49, -, :. -. ,,
painless. =: Mutual Keller AssociaIloHi
=. .tJ7arnjers'. AlianCen q Advertisement OF
=, : 49,. y. =, i ~, e.: "a Iarcae itAy
=. Real :fslalel AetLte -pHIt''lO00i -
n}Ial Statements 90 World Mutual Beneht
~ We -Z+i;,,;,yia >, -..Cos+ of life Tnslir-
- -: = .r:.9o+;.,, ;, ttka-o..
: anCei =. F.IQy U.s. 4-SSSS!A t.Oii' @A3oeo9
-: -il1ant- VS. and .fFinancfal Statement"
:. Is ID % va ,7J-,l ny q Fo,eior, cor
1'Sss,i IN i = ~
j.. pOratlOn OF an actlon commenced oy
'.CitIzCn> Of this State against it III the SU-
:. !. 60 - +j,; T-,,,jo1 St.+as. C;rc,,;+
-: le4IGL 10 y: - -
COURT the commissioner gives MS rea-
-s5,iS >f,r; eIlfCrcfnd: the law, if such trans
=. = -: = = l,o,-,;,-o ,1,.,,,,,,;o
.leIlS ,llta1ltz' ~ ~ cCtii ~ iHet'
Ijn. L he ] olltlcal Code prov ldeS that IN
casa- ii, IN FRA ms fer the ce rtiticate of au-
80 -! - : = - O.
hoFIl!.to 10 - nv ot'.e aIlHI pe
lmme 03atelN revoked. Inc case IN point
WAS ma. C. ANY against the .Massa-
= cI3r7ttFtS :RGnetit Life Association for nav
Is ,,Ijirias hold: nv her deceosa5 his
- =: - III. IL - 49,: : -
80 - 'Ii1 slt..1S - stte
form er= Commissioner was reversed Mr.
Higgins having. threatened that II the case
: .W4rs.trdD S1eTytQ TO the Federal courts he
mi ra,-5,i-e the rornnanN-'s certificate m
DO ass>in C9iifornia He fbGngbt tho
3 Ss2 s an en MA G wbH ~ es.te
:. -. = :. > !:
= N ' t;s Oh me deeIia
ia guard as carefnliyr As ppssfble the
interests of the-1idows and children of policy
10rde fs>ia lie. insurance companies. tits toe
:: :eomnson Rpfactrce LOT some OF these great cor
I2E@5io;s oTeeeiye ioE many years +he money
: .ot.tl!e 4eccasea-som 5lnes provided through
ii-snS al us death raf5se s 10
carry DIR its parf-of tie sacred trust and writ
tan tract:and to seek by legal rechnicalities
3T.bY- olhrr.as, tcprehensible methods 10 avoid
:. the payment Of the policy, or TO gain, by The
: pFoSlecl % @ ,!egat com pilea.
S : ~ ~ LIZ sun In te
1:j,ieE r3aS,y isZys seeking 10 restrain The
J. power which such combinations possess when
.ttFTeyattempt 10 evade the strict letter OF the
:: Contract. THIS statute seeks to place in the
.llaIe 5 o. the Pe3lehci ares weapon whlch WILL
' ,5+r iGt Tite "fahngrs o' 0t IN, me
St5a q IN 1ylIich inheres IN tho great aggrega.
..ti0n=of capital Il was enacted 10 meet Just
= such. erneTgencles, and. leeL~it. my duty TO
2 S1 [SF i oe h 4 he 90 nov ann IRk q
aCIl in .bosS irfere5t his
o f S y oce y We're cre sesi. 'f
: Threw upon this family, OF upon any other, the
b!F{en gta n32hae3nIs Silt 10 ,eoapeI; me 10 90
: ~ : ~ "a % a ~ Ga 'Il; ~ .,
i; ~ 80 ~ co NJ ~ 1a[ S ','n
S;s{ ~ - - ~ ~ = 10
- f|tD
r. The reaSOns fOr: TeV0kTng the certificate
=: oEthe Mutual Benefit Lire Association of
:. hiIj;erisrat It AUGUST are pTafniv stated.
II ~; o1,,;3 $500 49,.
:, s:-tt> ~. = 80 - -; - : - S.
louldt1Al li!Stt !;uI AM! udI state
. merit nfaGe-to MN WAS '4ncorrect IN 1early
@eEerX pattlcu All. =:
For the SIX. months ending J une 80, 1894
; ST: r6D0rtpd rev business. in California
:, -, ~, - :esSis)l .,rbiIa p ra1;oios
-: -. =: co. - -, - = L. = $50: 1850
t - nc IL !o-Cci
lGaylllg:ll92 .i)oLicles. ana 93,o34, 5UU lnsUr-
. etfce!. About BUQ members OF the Home
. BEN fit K ON uaIiV. which was absorbed by
!: e.5A ffItjjz{t .F}e1iefft 900 renresantino
go 0ClrlO0 ~, {nsnyar1 ~ =. Iler,njtted t6ai2
-: ~ 49, - -: - -. 81 = -. :; ~ -
llo!lcleS;to Eli'sE' W !c5[ @4ct was !lot stdIed
:. IN the kattet com paffI S:fepoTF- FROM July
-
indcath claims presented from beneficial
,iisairI- "a if5i1riia OF. Which -amOunr INT
10ii.lIa5 <,oo,, ,,oi5 n: My 81 Jso5 4l1o
- - -. - -. : - : -, - ~
.AI4le D1'tl+e Oi4I4lfIe994o;iet 4e5uit'
- i hcSe Grains: nave kept on. increasing,
and Mr.. Higgins. having been of the
opinion that The COMPANY could not meet
. i+s-oLJiqati6ITs r., fr13 revoked it's certifi
-. =. =:
NESSS' !, : -.-.;..- -
-: 7 pom. the eng roSStHo' question oi cut
= rates the report says:
= The Pacific Insurance Union was probably
the naost.suctt ssf3 :!rsfFaucc compactin lnany
rosrects ever H. existence and its lass of mower
cjyaT the general I,Ilblfc in MANY locs3itias
i4,snTance All greatly reduced Tafps sIthonTh
on INC :0Ilfet The moro, favored ones had for
J-ae rS.recejved contestants from .: fo,,, OF +e
co1npgflie
. .Tbe apraIi rsf,iarv rcrorts Of fhe connanies
~doin9 business in Calif0rnia showed some fao
lures in volume OF business written by various
companies, which >strengtheued the idea preva-
sly had BECOME fine art and n pefmanent
feature with:fnanv 'cOnlphiiieS ba0 Ting N the
. COMPACT and hence wal broke ONT witch mn
+o.the 1reseIlt date has: deatd nil control AMI
: Ehitb BIDS fair to contlnIe some time
The average loss ratio on ire risks for t,,I+,
yearsiyi this State has been 81. per cent. and
: last. year was 44.4 per : G s, WHICH, with an
eye[age 70 et % per GenItwnlch
f cent Of premium income 1itI - - t6
..7,,,r.5;,,. = - ~! y" '4't