The weekly true Democrat. (Tallahassee, Fla.) 1905-1912, 1909-07-02
Continued from Let Pace
state Senator FIOurnOY's Speed on
TIE Fire Insurance BIZ.

made. ought Do fairness ana justice De
am not taking about individual acts or
individual insurance companies ~ the
State " Florida, OF elsewhere. am not
acfuates them N securing this premium
a. about the effects 81 ~ n the COM
pany takes money and does not return
u and says he ig not entitled 10 this
policy because be was not the solo and
unconditional owner 81 the property,
under the conditions above cited such
condition ~ only leRalized false pretense.
A.. the same time the company says, We
are not obliged 10 return YOU the money,
though We have accepted u under false
ureienBea, and without consideration. A
d not 10 be protected under this BIN.
Such act would be at once fraudulent and
under the by Wtlates the policy. They
have accepted your money and given you
n D0iicg Wiihqut questions OF representa-
lions, WitlE5as fraud or deceit. and have
weld u hn0 now set % defense like that
IN q Court OF Justice. Nothing could be
siEhSay robbery. Not only that. but also
4 IL y brsach u confidence reasonably
imposed ~ the party seeking indemnity
] say. nothing 10 my mind could be more
vicious or greater IN n lack Of harmony
With equity. Justice and good conscience
than such action BY the insurer or 10 fall
one worS sa T NJ 9'T PT Sss9 E' RE
gentleman from the lith, Senator John
son, has carefully and well pointed out
Nlft NNtA u NfNNuiN INN Aih NtAOf WNA per-
NIT me Just briefly 10 refer 10 that mes
sage and she stated reasons given for a.
flieads) 1T Will be observed that in the
s5ssnce Of tTaud stei, on the part o. ths
shall BE- held % pay such policy 90 and
~ the interest of parties might be at
TIE time Of the issuing Of the policy
Many persons borrow money on improved
property, having the policy endorsed as
security n this blll became an act. no
one lending money having such policy as
hrst security would IN many cases have
an opportunity Of knowing who we're the
parties having interest at the time of the
day, hr President only the Insurance
Company has Interest. n deed has been
made which was recorded, OF II there
were two chains Of title 20 the property
y would IN some cases be- difficult "a de-
teFmine 20 whom the Insurance. would
De- paid IN case Of y loss" Mr. President.
how lll0Eicai7 Mr.. President II there h
any senator on the floor who can ~
cord or the bli, / shall be- very much ds- |
lghted tg have him explain Il or analyge
~ and I ! am WRONG, I will cheerfnliy |
ana Give Kin nv T'S Vote n1B si 1q I PS..i
Gent, they say = would be diflout Ia de-
!ermlne whom that policy should DO paid
~ II 10 bocame a law. What does the Law /
aaEf suppose. there II an unrecOrded deed. |
What does the law sayf That you must /
pay ! 20 tie party entitled 20 n. Bup-
pose, Mr.. President, there ia n question |
AZ IN the Wales claim, between the /
parties. There IA always IN the courts |
Whist ia known az the proceeding by In |
Would So, o1 ls,sr 5fr s s9a,sn sEs
the question on both gidog7 Was there
any reason why this should not become
aT because some parties interested IN
over that fund7 AHsuradly not.
Now with all due difference 90 the Gov
efnOf, and his position, ! say that 20 my
mind there u nothing not IN the slight
eat, % give any reason OF foundation for
any such suggestion az contained IN the
Governors message, on tho other hand,
act tho very language az the act, IL for
lhe purpose ~ definitely stating aud def
lniiely arranging both for the borrower,
the lnaureF and The Insured, who II en-.
allied 90 that fund and % defeat the right
~ the Insurance company 10 set I'D such
sinister provisions IN that contract which
TINE o. IRE Of securing his Indemnity. be-
cause there ~ a lack of one witness, or
bond for title on n like condition, under
sn, T' you, niea n'h Slause an ag Sontsn-
ste, that the Insured has not the aoln
hnd unconditional ownership
READS veto mesauge) AS 20 personal
property, there are many times silent
partners IN mercantile firms and IN the
uWnernhip Of personal property II would
be- difficult for any one lending money on
such policy 10 determine 90 whom the
loss would be paid. A. 10 the insurance
% personal property some think. tIl
wopder, Mr. President. what the noy-
blll would operate az . premium on ais.
honest Insurers. In this event, n would
opeTnte ~ a menaoe 90 property stu
ated ~ close proximity % property In
Now, Mr. President, In 1898, the Leg.
lglaGire Dasseu an act which precluded
that the buildings insured we're not worth
che amount stated IN the policy 90 be the
value. That was 9 WhJles0me provision,
The Insurance Companies Threatened
then 90 leave the State u that became a
law, but u DID become g law, and was
great protection, and they stu remaln
AZ they SFs permltVsd , u conduct 4 thsr
business with all the chances IN their
favor. Here n a party with building In
epred for so, 900 CO. Under the old law,
take that premium year AFTER year and
When tho properly burned they could
and would and dld come "a with aTchl-
lecie and carpenters 20 prove that the
The time 60 settle the question Of vuiue
d when they take the money, They then,
before the passage Of the law OF 1898
would Issue the policy Tor any amount
isssa S o. New w Yor T saiusisr s's Sb2 car
Dentura endeayOr 60 defeat the purpose
81 iho insured by proving the 6uIlding
yslaels N. 10 5e 90 ard Y sSsgTs fair.
enaaIy, % course the companies op-
liability nsed by che value stated IN the
policy ana upon which they receive
from sieallng from The people hundreds
~ thousands Of dollars Heaidea upon
such condition they could and ala force
eomptgmlses similar qnd 20 less vicious
condition aoueht 10 b avoided by shisI
hiii, VIA % prevent che tnkina of prem