The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-07-18
News of the Insurance World

| sion was based on the theory that Sallie
| Grimes had a right to take out insur-
| ance on her life, ard 10 make the same
matter whether the beneficiary had an
lnsurable interest or not. The policy was
valid as long as the insured desired II
| TO remain In force; but when she volun
| tarily decided TO drop 1t, the beneficiary
ronld sIdn not & continue % i In force. for the
xoive speculation on the part OF the bene
ficiary. and would, in effect be the same
as cy II o she had 1{Yd originaly taken out pol
surable interest such as would rela-
tive or member of family,
Life Underwriters Meet Tonight.
The Utah Association of Life Under
| writers held a business meeting at the
ing, the 12th: and took an adjournment
until this (Monday) evening, at which
Ilme three delegates and three alternates
| vention of life underwriters at Detroit
| Mich September. Z. and next.
w 6, rax9n. vice president Of the Act
tained by members Of the executive com
mittee Monday and Tuesday and shown
the sights of the; city: which included a
ernacle given by Prof. j. ]. Mcclellan.
Both Mr.. and Mrs. Faxon were delighted
| with their visit here and predicted a
great future for Salt Lake. 1t was ex-
pected that Mr.. Faxon would address the
| members OF the association al Tuesday
uiSiiN meeting, DuI tnoSe present had to
forego the pleasure OF hearing him owing
| to the fact that business requirements
called him east. He left Salt Lake on
| Tuesday afternoons Overland limited
| President Meltzer and Secretary Smith
| nave sent out notices to all the membert
Urging their presence at tonight's meet.
| ing, which is scheduled to commencs
| promptly at 7So o'clock.
Insurance Notes.
The Montana insurance department is
out with a warning against the Conduc-
tors Indemnity Exchange. which Is writ
ing accident policies in that state with
as an inter-insurance company" repre-
sented by an agent named o. 2. Capen
George D. Alder. general manager for
the lntermountain country of the Ma
visit to his companys home office He
expects to return to Salt Lake about
August I.
The late Mark Twain was one OF the
directors Of the Hartford Accident In
surance company.
cies for the Philadelphia Life Insurance
company, formerly OF New York City
has l,.5 taken up his residence in Salt Lake,
company. which has Just been admitted
TO do business in Utah.
II is stated upon pretty reliable
authority that Former President Theo-
d9re Roosevelt will be named as trustee
n.
succeed the late Grover Cleveland
Under the laws of Missouri. accident
and lie companies cannot plead suicide
as defense against claims, The insur-
ance commissioner, in Il message to the
governor OF the state. has spoken in con-
demnation of the law claiming that II
impairs not only the contract Itself but
strongly urges repeal OF the law.
The New York Life offices at Phoenix,
Ariz., were all destroyed by fire recently
but, strange to say, the records. which
were Kept in safety vault, were not
damaged at all.
ca engaged in the business OF soliciting
life insurance. and their number is in
creaSing each year
W. H Ellison, secretary OF the Ander-
son Insurance agency OF this city has
lust returned from a two-weeks' trip 10
San francisco and the northwest. He
reports business especially good in the
places visited.
The local fire insurance board will
hold no further meetings until the first
Saturday in September.
d. r. Machum, general manager of the |
Manutacturers Life Insurance company
OF Ontario Canada. accompanied by his |
Lake for few days last week Messrs |
Joseph Meltzer, j. D. Spencer and ]. " |
Smith. representing the Utah associa- |
ton of Life Underwriters. did the hon |
ors by taking them around the city TO
the various places of interest Mr. Ma
ehum is also president OF the Canadian |
l.ife Underwriters association, and |
though nor actively associated with the |
American association. he is honorary |
third vice president of the National asso- |
clation In the United States.