The Birmingham age-herald., 1910-01-27
HERE ID EXAMINE
 INSURANCE BOOKS Julian, Sex,on and Roche Will
 Do the Work JULIAN DISCUSSES PLANS congratuIates Birmingham on Number of Companies It Has and Believes They Have Fine Future Be-
 fore Them.
JULIAN DISCUSSES PLANS

Officials of the state department of insurance are in Birmingham for the purpose of going over the affairs of in- surance companies located in Birming- ham. In the party are Frank N Julian, secretary of state. and insurance con- missioner, and Capt. A. c. Sexton, dep- uty insurance commissioner, and John F. Roche, actuary. They will probably be engaged in the work for several days. MT. Julian in discussing their plans said: T am in Birmingham for the purpose
 of beginning an examination of the Great l Southern Life Insurance company, one l of your home companies, and to value | the policies of the Protective Life In- surance company, another one of your
 home concerns. The law requires the insurance commissioner to examine do- mestic companies at least once in two
 years and this examination is in accord
 ance with the law. Birmingham is to be congratulated upon having domieiled
 within her borders several very strong
 and ably managed insurance companies.
 Tt is not generally known that Bir- | mingham is fast becoming quite an im- portant insurance center. The home of fees of two legal reserve life insurance companies and one legal reserve casualty
 company are located in this city. In
 addition to these companies there are a number of mutual aid or industrial com
 panies, one of which has fully paid in capital of $25,000. The legal reserve com
 panies have capitals above s10O0O0 and
 keep on deposit with the state treasurer in securities $lOo000 and the life com
 panies also deposit with the insurance department and the state treasurer the
 reserve on each policy written.
 ."rhe domestic companies this year will show a most healthy increase in the volume of business, surplus and assets. There is absolutely no reason why Ala bamians should not make a most marked success in the insurance field and If the same energy is continued behind the companies that has already been shown | 1t is only a matter of time until Ala | bamians will be buying their insurance at home, securing their money at a | cheaper rate and making conditions bet | ter all round.
 T know of no one thing that is more
 helpful to city or town than the plant- 1 ing of offices of insurance companies within the borders of your city.
 ine ndnOudl tOuNSntiOil Ol dnCS
 commissioners has accepted an invita- ton to hold it's next convention at Mo- bile, and the dates of the convention
 have been fixed for September 27 to 30
 inclusive. I am attempting to secure the
 promise from the delegates and visitors to that convention to stop off one day on their return trip in Montgomery and Bir- 1 mingham. l am quite sure that when the officials of the insurance companies realize what fine field It offers for investments that it will be only a mat
 ter of time until Alabama securities will be eagerly sought after.
 Tt occurs to me that your commer-
 cial bodies could not do your city . greater service than to begin to inter- est the foreign insurance companies In
 Birmingham as the logical southern
 headquarters of their companies. You have magnificent office buildings. inc railroad time tables and you are located in the greatest industrial section of the south feel that when these things are brought to the attention of the exec 1 utive officers of insurance companies they will be quick in responding to the great opportunity afforded them for new bus l ines and investments" 'f