The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-01-21
Commissioner of Insurance Sug-
gests Number of Measures
in Interest of State.
peciaI to The Times-Dispatch-


Raleigh. N c.. January 2o.-State
Commissioner of Insurance James X
Young transmitted to Governor Craig
and the General Assembly to-day MS
recommendations as to insurance legls-
lation. which include liquidation
law similar to that in force in New
York: qualifications prescribed for IN
surance agents; supervision by the
commissioner of all insurance COM
panies being organized and promoted
in the State; recodincation of the state
insurance laws by the Acknowledgement
and the insurance commissioner, with
clerical help policy loan law approved
by the national convention of insurance
commissioners amendment OF Section
4777. revisal. regarding valuation OF
life policies so it will be brought up
to date: an anti-twisting law TO pre-
vent twisting OF policies from one
company to another: anti-m1srepre-
sentation law to prevent misrepre-
sentation of policies by agents; better
regulation of assessment associations
and societies. especially so as TO reduce
the operating expenses He points OUT
that these associations and societies
collected in this State last year $42i ~
and paid members only si77 ,30e IN losses
and paid for expenses Se4Z .oS3-
AS to the fraternal orders. the
com missioner recommends the enact
ment of the Mobile uniform bill,
making it apply in cases where societies
pay less than $500 benefits
For Safety Matches
Treating of Ere insurance companies.
he recommends that none but safety
matches be allowed in this State; that
persons taking policies in companies
unauthorized and licensed in this State
be required to reserve out of their pre-
miums the taxes that the company
should pay TO the State for the privil-
- hue IN Caro-
lima; amendment extending TO scope
of the State building law. law COW
ering inter-insuraDce business, act al
lowing 10 instead of per cent to nom
resident brokers by resident brokers
The commissioner recommends the
uniform standard provision bill. broad
er application of the anti-rebating law !;
amendment to the workman's compen-
sation act; the better regulation OF
licensing building and loan associations
and the creation of a land and loan
association system in connection with
this division for the benefit of the farm
ers in rural credits
The commissioner asks for an addi-
tional man to examine these associa-
tions and for a publicity man TO do
publicity work that Is one OF the most
important functions of the department
He shows revenue to the State through
the department of g 522 2ee. and s2s5 $40.
the receipts OF tDe ocpdf N2uShtT euc" az
a steady increase OF about $lo,VU a
year in revenue to the State
Charter Issued
A charter was issued to-day for The Harreli
Misunderstanding Co; Of High Point. eaplts,'
5000 authorized and szS. 900 su6scnoed oy ..
NJ HarreIl. HI. e Field. and r n Wheeler
for a general furniture manufacturing ousi-
ness N,
- having a great rush Of calls from all parts
OF the country for copies Of the booklet. The
Land Of Opportunity. setting out the ao-
vantaxes offered By North Carolina for home
courdeat that North Carolina Is getting more
immigration work done for less money than
any state IN the Union There arc also NJ 81
Gus calls coming In from all parts Of toe wo,ld
for copies OF the various bulletins issued oy
thr depa rtment on farming topics
Not Ftreproof-
In his recommendations 20 the General As-
sembIy. COMMISSIONS Of Insurance james X.
Young mszez she surprising assertion that the
massive stone state House OF which Nortn
Ca-olfnisns are 50 proud - anything but NJ g
proof and recommends that steps be teken
dsre~~ouS as 90 liability 90 dsmsse By FIRE
Ne wants the supreme Court builoinx re-
modelled and the beating plant fo- tue state
BUILDINGS moved from INC basement o. ms
bcsiding 20 = central heating plant. He be
T~vez Il Impossible 10 Go anything 20 the
prcsent old .g-fc uitursl building 70 mskc ~
s.fc He asks that the Legislature Sc 70 y
that the state Departments OF Insurance. -
,-on~~.v housed. aud he proposes 20 make
: arhs ror quarters in the nev freprcof build
inx Iusf being oompistcd on the site OF the old
buildine which the Insurance department
,rix<ion has planned this building for TIA
ss.t~ library on the f-rt foor. the Historical
Commission on the second and TIE supreme
cosrs room sug-sns Sos,s . s s.,, se sa ~
Attorney Gen-rsi on the bird ard fourth
floors