The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-08-22
NEWS OF THE INSURANCE WORLD

| a few months before his death Perea
took out Il policy for s11. 900 in the de-
fendant company, which resisted pay
ment. alleging that the deceased evaded
answer TO certain questions. failing to
state that he consulted q physician for
Indigestion He died a few months later
OF hemorrhage of the stomach. caused
that Perea failed TO pay a note given the
agent for a large part of the first year s
premium. The lower court found In favor
OF Mrs. Perea, which Ia now affirmed by
| the supreme court. II is said that the
case will be taken to the United States
supreme court,
Did Not Pay to Win.
That it does not always pay to win a
Austrian insurance company. A man
agreed to take out a policy of life In
surance and when IT was presented he
repudiated his bargain, alleging that It's
| agents representations. The company
sued for the premium, but while the trial
was pending the man died, and the com
being declared valid. The amount In
sured. less the premium has to be paid
TO the heirs. who will doubtless become
| firm believers in the efficacy and value
| of life insurance.
Policy Against Assassination.
A young man named Russell F. Hop
kins of st, Louis has evidenced a firm
| belief in insurance In addition to the
carrying OF life, accident, health, fire
Insurance, he recently took out $4,000
| policy against assassination. OF which
| $1,000 goes to the first informant and
| $1,000 each to the three others who may
he obtained the assassination policy
is not stated, but 1t Is presumed that
he got II from the weather bureau clerk.
representing Lloyds OF London, Eng
land.
His License Revoked.
William a. Mcdowell, an agent for the
Prudential at Lafayette, Ind, had his
license revoked the other day. for hav-
ing made certain derogatory remarks
concerning the business and financial
standing OF the Modern Life Of South
Bend. His excuse that he only repeated
what he had heard someone else say did
not go with State Auditor John c. Bill
hein1er. who Is ex-officio insurance COM
missioner.
Judges Favor Corporate Surety.
The appellate division judges of New
York. at their annual convention at AL
bany. made several important amend
ments to the rules OF court practice,
among which was one for the protection
of the funds of infants under 21 years
OF age.
Under the new rule 1t is Iequired that
when real property owned by an 1nfant
porate surety bond for twice the amount
OF property sold.
Personal security will no longer be ac-
cepted on tho bond This action is In
line with the advanced judicial proce-
dure OF the courts everywhere, and the
Judges have been brought to make this
rule by the many failures TO collect Sc
curity given by personal guarantees.
In no department of judicial procedure
is absolute safety OF funds so requisite
as In the custody of property belonging
to minors, and every possible safeguard
is needed that guardians shall admins
ter their sacred trust efficiently, We nave
no doubt the judicaries OF other states
which have not declared for corporate
surety will fall in line with this new rule
adopted by the justices of the Empire
state.
Consumption Continues to Lead.
According 10 report just issued by
the New York Life. consumption contin-
ues TO he the leading cause OF death
among It's policy-holdcrs. or 661 deaths
In July, consumption claimed "a; the sec
ond highest number. 20. was caused by
heart disease. the third, 90. by Bright's
disease There were IS accidental deaths.
IS from pneumonia and 10 from typhoid
fever.
Insurance Notes.
A. D. r. Reynolds. former agent for
the New York Life In Salt Lake city
and who for the past eighteen months
Francisco. has been appointed agency
supervisor for the Reliance Life OF Pitts
burg. Pa. with headquarters In this
city,
Tho supreme tribunal Of the knights
of Pythias has rendered decision hold
Ing that u saloon keeper should be clasSi-
he'd as a hazardous risk Judgment was
rendered upon the protest OF one OF the
members, who objected to the classit-
cation.
The new Walnut street theater in
Louisville. Ky, just completed at cost
of $4,000. is believed to have the low
So cents on building and Sl.o3 on con-
tents. Expert fire insurance men de-
clare the building to be the most up-to-
date and safest construction in the world
The Seattle chamber of commerce has
installed boycott against fire insurance
companies maintaining general agencies
IN San Francisco by excluding their
names from the regular published list
The action has called for a vigorous pro-
test from the san Francisco board.
Fire starting in wooden ouspidor In
the Century building at Indianapolis
caused number Of sprinkler heads 10
open. The sprInklers controlled the fire.
but the alarms failed to work, with the
result that the watchman did not dis
cover the fire until about an hour after
wards The fire damage was very slight.
but the water damage was estimated al
SIS, 000.
For the first time in several years past
Utah will not he represented In the Ma
tional Convention of Lite Enderwriters.
which cOnyenes In Detroit Mich. on
September Z. This decision was reached |
at n meeting of the executive committee |
of the state association held on the 18th |
inst. after canvass of the delegates and |
to the great distance that would have to
be travelled and the time consumed II |
was deemed advisable not to send a rep |
rcSentntiNe.