The gold leaf. [volume] (Henderson, N.C.) 1881-1911, 1903-09-24
AGENTS INDICTED.
Commissioner Young After Insurance
Men Illegally Doing Business in the
State-Companies B!aCkiisted.
Col. OIds in Charlotte Observer.

Col. OIds in Charlotte Observer.
Insurance Commissioner Young has
lust returned to the city from a visit on
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. Ill. l..
Humphrey indicted to the Superior
Court for issuing policies for a company
not licensed to do business in the State.
Mr.. Humphrey represented the CONNER
cial Registry Company, of st Louis, Mo-,
and for them issued accident policies of
the Union Casualty & Surety Company,
also of ST. Louis Under the law the
Registry company is required to be ad-
mitted by the insurance department, and
pay an annual license of 500, while the
Union Casualty & Surety Ompany as an
accident company cannot do business in
| this State without being licensed by the
| insurance department and paying the
| annual license OF 5000. Neither OF these
companies had been licensed to do bust
ness in this State, nor had Mr.. Humphrey
| been licensed as their agent. 1t will be
understood that under the present insu-
| rance laws no company can operate IN
| the State without being licensed, and no
| agent can represent any Company, wheth-
er licensed or not. without obtaining q
license from the insurance department:
| Mr.. Humphrey is a young man who
| stands well in the community, and bear
| ing a good character, and in consequence
of this the court at the request of the
| commissioner, allowed him to plead
guilty and suspended judgment upon his
paying the costs and taking up all the
| hot hoH nv
| returning the money paid by the citi-
| sens Mr. Young states that he will
| blacklist both the Commercial Registry
| Company and the Union Casualty &
| Surety Company
| Mr.. Young also visited TarbOrO, and
while there got up evidence and had the
grand Jury to indict Mr. j. W. Forbes,
an insurance agent of that place, for is
suing policy in the Citizens Insurance
| Company, of Chicago. This company
has already been blacklisted and pub
| lished by the insurance department. The
indictment 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 that he got this poll
cy without knowing that the company
was not licensed to do business in this
State. Mr. Forbes is the representative
OF the Security Mutual Life Insurance
Company. licensed to do business in this
State and also of several fire companies.
OF course his actions in representing
these companies isl no way affected by
the above indictments. The offense was
committed last year. Ii 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
licenses as agent for all the companies
that he represented a law to this effect
having been passed by the last Legisla-
| ture.
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 due her by
| every company operating in the State