The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1913-01-01
BULLETIN No. 81
Of GREAT Value
THE DECEMBER REPORT OF THE
STATE INSURANCE coMMls-
SIoNER w. c. TAYLOR Is OF
STATEWIDE INTEREsT-LEGIs.
LATIoN RECOMMENDED.

November 5, 1912, the present in
cumbent of this office was given a
certificate of character" and author
lzed to continue, during the coming
biennial period, the work Of super
vtsing the insurance business of this
state. BY way Of attesting his ap-
probation of the public confidence
thus reposed in him, the Commission
er earnestly desires to enhance the
efficiency of this department to make
1t OF the greatest possible service and
benefit to the people of the state.
In striving toward this goal. we
count as u right bower and chief
support the newspapers Of North Da-
kota, because publicity is the main
factor in the scheme. In this con-
nection we wish to acknowledge u
Indebtedness to the press for the many
courtestes and evidences Of good will
which it has shown this department,
and especially for the generous amount
of space which the newspapers gen.
orally gave in reproducing the con-
tents of Insurance Bulletin No. 49,
The writer is becoming more and
more impressed with the Vastness of
the insurance business and of the
tremendously important and intimate
relation which it bears to the well be-
ing of the community. To assist in
fostering that which. is best in insur-
ance. to correct the abuses that OBJ
tain, and to give the widest pub.
licity to information which the peo-
pie require is the programme to which
this Department is committed.
Legislation Recommends.
Copies of the annual report of this
Department, showing the. financial
standing on December 81, 1911, and
transactions for the year of all In
III nPn comma Ninc rnnInffAa r-l ~
sociations authorized to do business
in North Dakota, are being distributed.
In the matter Of legislation to be pro-
posed in the forthcoming assembly,
the Department recommends the en-
.actment of the following: The So
called Mobile BILL" the purpose of
which is to secure a standard of
solvency for fraternal benefit societies;
an act for the regulation and control
of assessment life insurance associa-
tons; a Fire Marshal law; an act
giving the insurance department
authority to supervise insurance pro-
motions, along the lines indicated by
the famous blue sky law Of Kan
sas; standard provisions governing
health and accident insurance COM
panies; an act prohibiting rebating,
discrimination, twisting and embez-
element.
Sh0tN0I1 TlTO EOitSys
The attention of the department
has recently been called to the fact
that very few of the fire insurance
companies doing business in this state
issue policies which conform in every
particular to the standard form which
was established by legislative enact
ment. Section 6057 of the Revised
Codes, provides that mo fire insur-
ance company, corporation or asso-
citation, their officers OIL agents, shall
make, issue, use or deliver for use,
any fire insurance policy or renewal
of any fire policy on property in this
state other than such as shall. con
form in all particulars as to blanks,
size of type, context, provisions,
agreements and conditions, with the.
printed form of contract or policy
heretofore filed in the office of Com
missioner of Insurance as a standard
policy for this state, and no other or
different provisions, agreement, condf-
ton or clause, shall in any names
be made a part Of such contract or
policy or be endorsed thereon Or de-
livered herewith Then follows a
number of exceptions, but these re-
late in no manner to the contract per
Sc. The department has had printed,
in typewriter form, copies of the
standard form of policy. A copy will
be sent to each of the fire insur-
ance companies authorized in North
Dakota with advice that this form,
and no other, may be issued in this
state after January 1. 1913.
Transferring Licenses.
Requests for the transfer. of agents
licenses are becoming so frequent, that
1t is deemed advisable to announce a
definite ruling thereon. For various
reasons-one of the most common of
which is the failure of the agent to
get busy'--the company finds that its
interests will be best subserved by
having the original license cancelled,
and another issued to a newly APP
pointed agent. In order to avoid
payment of an additional license fee,
the company requests the depart
ment to transfer" the license. While
we desire to extend every reasonable
courtesy to the insurance companies
authorized in this state, yet it is OBJ
vious that there must be. some limita-
ton upon the practice OF transferring
licenses both on account of the compti-
cations arising in the bookkeeping de-
partment and that the state may not
be deprived of it's fees. The depart
ment has ruled, therefore, that no
license will be transferred after sixty
days from original license date, and
in no case. when the agent to whom
the license vas Originally issued has
written any business hereunder.
UNAUTHORIZED Companies.
In consideration of inquiries which
have been addressed to this depart
ment; attention is called to the fact
that the German Commercial Accident
Company, Cf Philadelphia, Pa, the
Inter Insurers of America, of Wash
ington. ID. c., the Masonic Protective
Association, of Worcester, Mass, and
the Marine Insurance Co, Ltd, Of
London, are not authorized in North
Dakota. We cannot too strongly urge
upon the people Of his state the inn
portance of placing insurance only
with those companies or associations.
of whatever kind or character, which
been licensed to do business
1t is safe to assume that In
surance concerns which refuse or neg
lect to comply with the legal require
and conditions precedent to adj
are unWorthyrof confidence.