The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-05-21

r'"ay morning. There was no business
- y, Rtnerni interest transacted al the
niorilinS session, which was devoted al
most entirely to the appointment OF
various committees to consider atcs and
inulFiuual cases. a committee was also
appoihieu TO report on the annual nd
nress or President S. Y. Tupper.
IN MS address the president cmbodied
some highly interesting data regarding
ne WORK OF the association. In 1899 the
territory covered by Il comprised adb
Towns and cities. This year 1.726 towns
anu anu cities. are included in the scope of
It's operations. 49,
SPECIAL RISKS.
VI saw mills and other special risks. II
iioW NV. mas a04t, as against ] ,l0l In 1893.
me subject Of sprinkler protected cot
ION ION mills was considered nj some length
me present plan of classification Is uot
considered satisfactory and President
upper recommended further ana care
- conslderation, so as to secure IL
standaru classification for these risks
round rate OF l per cent. is now
nlade on all sprinkler protected mills or
tne american Cotton Seed OH mills. nnh
OF this class Of risks the association now
carries 4is. rs against 26l In 1898
WILD CAT COMMISSION.
= subject in which Norfolk insurance
men are deeply Interested is that OF
commissions allowed TO yarious -i,ortins
who bring in business. IL is charaed
.hht real estate agents and othars con-
tr1li'nE Insurance for thei, clients Ore
hlloWed large commissions by many
agents, and Il is the desire OF many
hempers or the. association to break ,ip
tI the practice. Referring totit President
Turner said IN SAs5l Sil tt 81 n % i51
tt6nal suTiE}ment that rne,sfaeI menibers
secure a pledge from their agents to nc
cept not exceeding Is per cent. commits
- hnn u III -.
cent developments show that very few
companies now Insist upon the pledge,
ana II has, therefore, become Il common
practice for some agents to represent
companies paying commissions in excess
or 10 per cent, thus practically destroy
! ing the fundamental principle Of the as
| ISOLATION. which is that the business
! shall be conducted strictly uron a Is
per cent. commission basis may re-
mark here that, If this rule had been
strictly enforced at New Orleans, this
! important question would not now be
disturbing your deliberations.
While considering this subject, i
would recommend that you enquire into
The reported violations OF the commits
son rule by the appointment Of district
| agents, who, being compensated on a
OASIS III excess OF Is per cent, are Of
ferfng rebates, and thus placing other
| agents and companies at decided dis
advantage"
| The committee to which the matter
was referred was not ready to report
last evening and the matter was post
poned until to-day.
NORFOLK INSURANCE MATTERS.
i5tt PRESIDENT Tupper, in his address,
makes the following reference to lnsur-
lance matters at NorfolK:
lowing to the failure of certain com
panles to promptly enforce the no
smoking warranty in cotton policies,
| lhere arose at one time Il great deal of
dissatisfaction and many companies, by
their inSistence upon the clause, practi-
| cnlly lost all OF their business for the
cotton season. This matter should be
closely investigated in order that before
the next season opens 1t may be def
nitely decided If the clause shall be
| enforced or not + would recommend
that the clause be waived on policies
! covering cotton and only enforced in
contracts issued to the owners Of COM
presses and warehouses and covering
| buildings and machinery.
SOLICITOR AGREEMENT.
''The solicitor agreement has not been
/ observed for long time at Norfolk and
In consequence many Of the agents now
employ an unlimited number Of solicit
tors-the solicitors themselves being ap-
pointed In violation Of the rule. Every
effort during the past year to settle
failure OF certain companies TO give posi-
tive instructions on the subject The
practice of employing real estate men.
clerks. bookkeeperS and lawyers mas
grown to such an extent that It now
1 becomes necessary for either the abrO-
cation Of all rules relating to the en-
| ployment and compensn ton Of solci-
! tors. or decisive action 10 put q stop 10
| what must be apparent to you as a
growing evil. I would recommend that
companies be required to insist upon
agents adopting the rule limiting the
| number OF and character or the solicitors
employed. not only al Norfolk, but else
lWhere.
| LOCAL BOARD AGREEMENT. #
THE manneri In which the rule requir-
! ing agents charged With violati tions to
make deposit, the SANE to be forfeited
IN case Of convlction.lhas been openly
ignored at Norfolk, der nSompt
consideration. Tie Exc
tee has found Unnecessary
companies to insure com $9
| agents. and ! now urge thENss
some m cans whereby this aSsiSS3S
vision Of the local board
(be enforced lereaftereeSSH
IGlerks are not sss5E
efforts to
necessary