The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-09-18
BLACK LIST GROWS.
lns. Commissioner Young
After Ins. Co. Frauds
Two Agents in the East We're Doing Business
10 Which The Courts Put
an End,

Insurance Commissioner Young has
just returned to the city from a visit
or official business to the eastern part
of the State, where it seems that he has
been catching up with some violations of
the insurance laws At Goldsboro he got
up the evidence and had Mr.. H. l.. Hum
phrey indicted In the Superior court for
issuing policies for a company not IL
cepsed to do business in the State. Mr..
Humphrey represented the Commercial
Registry Company of st. Louis, Mo-, and
for them issued accident policies of the
Union Casualty-and Sureyt Company, also
OF St. Louis.
Under the law the registry company Is re-
quired to be admitted to do business by
the Insurance Department and pay an
annual license of 500, while the Union
Casualty and Surety Company as an accl-
dent company cannot do business III this
State without being licensed by the II
surance Department and paying an an
nual license of $500. Neither of these
companies had been licenserd to do bust
ness in this State nor had Mr.. Humphrey
been licensed as their agent. 1t VIII be
understood that under the present lnsur-
ance laws no company can operate IN the
State without being licensed and no agent
can represent any company whether IL
censed or not, without obtaining IL
cense from the Insurance Department.
Mr.. Humphrey is young man who
stood we'll in the community, bearing
a good character, and in consequence o!
this the court, at the request of the Com
and suspended Judgment upon his paying
the costs and taking up all the pol cjcs
that had been issued by him and return
ing the money paid by the citizens. Mr..
Young states that he will black list both
the Commercial Registry Company and
the Union Casualty and Surety Company.
Mr. Young also visited Tarboro and
while there got up evidence and had the
grand jury to indict Mr.. j. W. Forbes, all
insurance agent of that place for issuing
a policy in the Citizens INSURANCE Com
pany. of Chicago This company has al
ready been black listed and published by
the Insurance department. The lndlct-
ment was not tried because the court was
crowded with business and could not
reach it, but it will be tried at the next
term of the Superior court. Mr.. Forbes
CLAIMS tnaI ne got JIlS pOllCy NltHouI
knowing that the company was not Ia
censed to do business in this State
Mr. FORREST is the representative of the
Security Mutual Life Insurance ompany
licensed to do business in this State, and
also of several fire companies.
OF course his action III representing
these companies is in no way affected by
the above indictment. The offensc was
committed last year. If it had been com
mitted during the present year, since the
adjournment of the Legislature. then the
Insurance Commissioner would have been
required to have cancelled Mr. Forbes IL
censes as agent for all the companies that
he represented. law to this effect Raw
ing been passed by the last Legislature.
The Insurance Commissioner states that
he has several memoranda OF violations
in different parts of the State and that
he is determined to see that the citizens
of the State are no longer imposed upon
by worthless policies. and the State
cheated out of the revenue dCc her by
every company operating in the State.