The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1904-08-26
OUR LOCAL
Life Insurance Men Meet and Or
game For Mutual Protection.
Their Purpose 10 to Place Life Insur-
anee on q higher Plane.
SOME OF THE LAWS STATED.

The Life Insurance agents of Colum
bla and Maury County, met Thursday
morning at the Offices of the Metropoli
tan Life In the Masonic building anC
organized the Maury County Life
Underwriters Association. electing
Mr.. Thos. l.. FoIter, JI., President,
and Mr.. Frank Fl. Smith, Secretary.
The following agents Joined the
Association
j. K. Farrell and W. Fl. Lipscomh.
of the Travellers of Hartford W. t.
Palmer. NJ. B. Young. C. Fl. Meal
pine. b. E Hurt and w. E. Bratton,
of the Metropolitan T. L. Porter.
Jr., of the Volunteer State; A. P.
Fleming, New York Life; AL G..
Hall, Mutual Life; A. o. P Nichol-
son. IT,, Equitable; Frank III. Smith,
Mutual Benefit, and Miles Doss, Mt.
Pleasant New York Life.
The purpose of this organization
is to place the business of lite in
suIance on higher plane. and
to protect the insuring pull
lie from fraudulent transactions.
and misrepresentation by irresponsi-
BILE agents. MI. Reau L. Folk. State
Insurance Commissioner at Nashville,
his hearty cooperation. and quite
number of the Companies represented
nave assured their local agents that
they will furnish funds to prosecute
violatois of our State laws, which it is
rumored have been fiagrantly viola
ted
AS matter of public interest we
publish the more important of these
laws as found in the Code:
Section 1912. No life insurance
company doing business IN Tennessee
shall make OF per nit any distinction
or discrimination between insurants
of the same class and equal expecta
tion of life in the amount OF payment
IF premiums, or rates charged for pol |
Icies OF life or endowment insurance, or
IN the dividends or other benefits pay
able thereon, or in any other of the |
lei ms and conditions of the contracts
1t makes; nor shall any such COM
Dany, or any agent thereof, make any |
contract of insurance or agreement as
% such contract other than is plainly |
in the policy issued thereon
loI shall any such company OF agent
pay or allow. or offer to pay or allow,
Is an inducement to insurance, any
ebate of premiums payable on the poll
cy. OF any special favor or advantage
n the dividends or any other benefits
o accrue theron. or any valuable con-
liberation or inducement whatever,
lot specified in the policy contract OF
insurance.
Section 1918. ANY life insurance
ompany which shall violate any of
he provisions of Section 1912 shall be
ned in a sum not less than one hun
red dollars nor exceeding five hum
red dollars, to be recovered by ac-
ION by the insurance commissioner in
he name of the state, and the amount 6
} recovered shall be paid into the state {
-easuIy An officer or agent of any 9
lch company who shall violate any
the provisions OF SAID section shall q
Q deemed guilty OF misdemeanor.
nd. upon conviction thereof, shall be b
ned in any sum not less than one c
undred dollars nor exceeding two q
nnd1ed dollars, or Imprisonment in 8
he county Jail not exceeding thirty 8
AVS, or both, at the discretion of the 9
,urt.
By chapter 25 of the Acts of 1899. it
provided THAT the insurance COM e
issioneI may upor proper investiga- y
on and hearing of both sides, revoke o
e certificate of authority of any life $,
surance agent, who has mlsrepresen- y
d in material respects the terms, con- !
tions OF character of a life insurance O
'licy sold to citizen of this, state L
ID fol one year after the date of revo a
tion. the insurance commissioner
all issue no certificate to an agent
hose license has been revoked for
9 cause herein stated; Provided, :
'wever, That any agent affected by .
is act shall have the right to appeal Il
I'M the decision of the insurance
of the court. u
N