New-York tribune., 1910-08-18
"ML|C' BACK TO LIFE
New York Life to Re-eStabllSh
Old Agents Organization.
PERMITTED BY A NEW LAW
President Says It Is to Relate
Only to Compensation of
Agents of Merit.

The New York Life Insurance Compan,
is going to re-establish "Eylic" which. will
It's ramihcations among the agents and th'
| directors of agents. was abolished as th'
| result OF the insurance Investigations o.
| 1905. But the president of the company
| Darwin p. Kingsley, said last night thai
| it was to relate entirely and only to the
compensation of agents of merit. and wa:
to so into effect on January I. 1911
Mr.. Kingsley said that William III. Hotch-
kiss the Superintendent of Insurance, had
approved of the re-establishment OF Nylic,
as required by the amendment to the laws
Of 1906 passed at the last session OF the
Legislature, and approved by Governor
Hughes. This amendment was the result
of conferences between Mr.. Hotchkiss and
the insurance coInpanys officers.
But no member of the old Nylic Is eli
gible for membership in what is to be called
Nylic No. 2. Every whole-time agent not so
handicapped will be eligible and must sign
an application for membership on the form
prescribed by the company and receive
certificate of membership based on that
apDlicatfou This is all according TO the
amendment to the Armstrong law Inc
cost of the new Nylic must be met out OIL
the allowance for expenses under the ia"
The new system is explained as folioWs-
AGENTS now with the company who elect
70 Uart,cipate in 'Nylic NO. Z Will nay
to change their contract IofliS W @ tiIS - M :, =,
contract form dntroducea ny riG annaru !
1af1 Their renewal commissions on DuSl-
ness issued prior to January !. l3ll, VIII ps
raid in accordance with the terms or tnell
respective contracts as they accrue IN III .lie g
future Such agents Will oecoine VI iiaS
Nylics on January 1. 1913, II they ,oen enter
Nylic and qualify during I'LL If NV MvIic: but
such agents will be given time cred. III
Nylic for the years they nave servGo Pilor piaer
to January l. 1911 as far back as the year
1866 including said year; in other "oIus.
men who have served the company uuIlniSS iSS
the years 1905. 1907, 1903. 1853 ana IslV VIII WI,
receive five years advancement IN Mshc
and under the conditions named. VIII oS
srst degree NyIics on January l. lsl. anu
will be two years advanced IN tne Ia Iu.rv
gree when they begin to draw on January
I 1919 Agents who have served TOT a iess
period than the full five years VIII pe ao
vanced in accordance with tneir ien9sn afandsr a.
years. And If they have served more tnalI
six months in the first calendar year OF
service it will count asa, as a fuf II yf fhs Tinted
s+atas and Canada can become Hemoers
of Nylic. and time credit in Nyllc VIII De
given only 70 such whole-time agehts-
There was much interest expressed In
tho davs of the investigation when IL was
learned that there was Nylic that was
nractfcal business organization within the
Insurance company. in which certain d.
r.ct,nr agents had an interest andi which
made investments an3 was a most profit
able venture But the Nyiic that has neen
reinstituted. or Will be on January 1. was
described by one of the witnesses in l%o
ss "a hody of men drawn from the ranks
of those who create the business In the
New York Life InSUrance Company 1t has
heen established in order to give perma-
nencv and character to the work of the So
uciting agenta It Is a system of compen-
sating agents IN lieu Of renewed commits
sions."
The compensation was at the rate OF IL a
year per thousand of new business written
in that year. There were hve classes, from
freshman to senior, and there was ring
ing imitation of college cry, which was
used at the annual gatherings. The men
highest in the organization were those who
got the most business. There were sup
posed to be periods of five years between
the classes but the time could be bridged
by especially brilliant work. Another ex-
panaton by an official of the company in
1905 follows:
There are first, second, third and fourth
year Nylics all over the world. There are
also 100000 Nylics and 100000 Nylics, and
the man who writes the most insurance in
the year is elected president. 1t was es-
prit de corps among the companys
agents.