Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1905-10-08
THE STATE REVENUE BOARD.
II Meets Yesterday and Considers the
Complaints Against the Indiana
Companv.

yesterday the State Board had an
other meeting to take up. the COM
plants against the Indiana State Life.
Controller Davis submitted letters
which he had received from residents
of Lovelocks relative to the CON-
panies doing business there.
The agents were charged with hav-
ins N.aoe Misrepresentation to the
policy holders to secure business Al
SO that they were issuing what was
called an Advisory Board policy to
some people and plain policies to
others.
Commissioner Davis said he hal
seen one of the Advisory Board poll
cies. These policies showed on their
face that they were issued to fav-
ored few in the State while those
not belonging to the SCALED Advisory
Board got plain policies. The Board
policies enabled the holder to get
certain dividend for each 81 900 worth
of business written in the State.
These dividends came out of the
pockets of the ordinary policy holders.
He was asked by the Governor if
he had been able also to see one of
the ordinary policies.
He replied that he had not and that
he had been unable to secure eviden-
ce in the matter as it involved travel
ing expenses and there was no fund
to draw from as the usual fund foc
the enforcement of revenue laws no
longer existed, the Ways and Means
Committee of the last legislature, hav-
ing for some reason or another.
stricken it from the appropriation bill.
There was considerable sum of
money due the State from delinquent
companies but the collection of these
penalties involved considerable ex-
pense and his hands were tied by the
lack of money appropriated for su n
purposes. If the legislature did not
give the board tools they could not
expect the work
Attorney General Sweeney examin-
ed the Insurance laws and held that
the Insurance Commissioner could draw
money for his legitimate expenses
from the General Fund and the Board
was willing to back his work with a
reasonable amount Of money for such
expenses.
Regarding the charge that the insur
ance agents of the Indiana company
had misled policy holders, the com
pany could not be held for the un
authorized acts Of the agents and il
man signed contract with the
company the face of the document
would be better evidence than the
verbal promises of agents.
If the agents had secured none,
under false pretenses it was a cas-.
for criminal prosecution and the Dis
trict Attorney of the county where tn.
alleged offenses were committed, wa:
the proper party to prosecute
An insurance company was bount
in this state by all the laws in fore;
in the state where it is incorporated
| The board instructed it's secretary t,
write to the Insurance Commissions
r of Indiana for copy of the Insuranc
laws of hat State
: airy policy holders of the Indiana Stat
2 Life in the state, who has been pa;
e ing money, part of which goes to tn
Advisory Board policy holders, tn
= Controller would like very much t
n hear from them and action will 3
taken to see that one policy holde
In the company in this state gets an
more favorable terms form tn e con
pany than other policy holders
7 the company is playing favorites
will be compelled to stop that form
of business in this state.
The following dispatch was receive
yesterday:
II NEW YORK. N. Y. Oct,
State Auditor Davis, Carson City Ne
The Company very much appreciate
the decision of the State Board
Revenue to await the report of til
legislative committee of this State G
the business of the New York COZ
pany. Our Nevada agents are und,
obligations to you and the board +,
the permission granted to transa
business without objections.
New York Life Insurance Company
| By John A. Mccall. Presider
Yesterday the Governor received
dispatch from Thomas Lawson inv
ing him to serve as one of the col
fnittee to investigate life insurane
The Governor replied that he won
not have the time to serve and &C
sidered that If he had, it should be {