Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1913-01-29
SAYS CITY HAS
RECOURSE IN
FIRE RATES
LETTER FROM Mr.. McCRORY
Cites Law Relative to In
SuranCe Rates

Mr. c. R. McCrory, of Ellaville, has
written letter to The Times-Re-
corder relative to the excessive fire
insurance rates here, in which he cites
law which, he claims, covers the case
in essence. The letter sent by Mc.
McCrory to The Times Recorder is as
follows:
Some time ago you published that
two young men claiming to be sent by
the Underwriters association had rails
ed the fire insurance rates on most ev-
/ cry business house in Americus.
you also suggested that some law
ought to be passed prohibiting the
pooling of companies as to rates,
The Code of 1911, Sec. 2466, covers
the proposition, if some one would take
the matter up The section is as fol-
lows:
Unlawful for companies to make
contracts affecting competition
1t shall be unlawful for any insur-
ance company, or companies, author
lied to do business in this state, Or
the agent or the agents thereof, to
make, maintain or enter into any con-
tract, agreement, pool, or other ar
rangement with any other insurance
company or companies licensed to do
business in this state, or the agent or
agents thereof, for the purpose of, or
that may have the tendency or effect
of, preventing or lessening competition
in the business of insurance transacted
! in this state. And when it shall be
made to appear to the commissioner of
insurance that any company or COM
panies, agent, or agents, have entered
into any such contract, agreement,
| pool, or other arrangement, said COM
missioner shall revoke the license is
cuod +o c,,ob co7,,D.r,, ar ooy,1opiac
and the same shall not be re-issue1
until the president or chief officer Of
such company, or companies, shall file
an affidavit with said commissioner,
stating that such contracts, agree
ments, pools or other arrangements,
have been annulled and made void.
Provided, that nothing in this article
shall be so construed as to prevent
any insurance company legally author
lied to transact business in this state
from separately surveying, inspecting
or examining the premises to be insur-
ed, by and with the consent of the
owner, for the purpose of bringing
about improvements in fire protection,
so as to lessen the cost of insurance
by reducing rates
The next section provides a remedy
by any person whose rates of insur-
ance have been increased making oath
that to the best of his knowledge and
belief that the company or companies
with whom he did have insurance had
violated the preceding section and
filing the same with the insurance
conn ssioner, that if after hearing the
test nony, If the insurance. ommis-
sioner was satisfied that such company
or companies had violated the proceed
ing section, that he revoke the license
of such company or companies to do
business in Georgia The only ques-
ton is have you any citizen who is
willing to ask for the dissolution Of
this trust which is taxing every citi-
zen in this state who insures not only
unjustly, but in the interest sof the
companies to keep up this Board of
Underwriters, as they call themselves.
1t was formerly called, and rightly so,
the Southeastern Tariff Association.
Very truly yours,
&C. R. M'CRoRY."