Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1914-08-03
TAYLOR
GIVES WARNING
ADVISES PEOPLE AGAINST
INSURANCE. THAT DOES
NOT INSURE.
POINTS our EXAMPLE
States instances IN which farmers
who tried Ia; cash in on hail
loss got no satisfaction.
POINTS our EXAMPLE

That the people Of North Dakota
every year pay, in the aggregate,
large sums OF money for insurance
that does not insure was the opin.
ion expressed by Insurance Commits
sioner w. c. Taylor. Attention was
called to efforts which the Depart.
ment is constantly making to protect
the residents of this state from i'm
posters who seek to exploit fake in.
surance schemes herein.
Glaring Example.
According to Commits sioner Taylor,
a glaring example Of this sort of
skulduggery is afforded by the activ-
tiles of the American Registry Co. of
Erie, Pa. This concern is running
an advertisement in quite a number
of newspapers in North Dakota un-
der the caption, $4,000 Death Bene-
fits" and the number of injuries
coming to the Department prove that
sit pays (the company to adver-
tise.' For the modest sum of six
dollars per year the American Regis
try 20. promises q death benefit of
$4,000; a benefit Of $1,000 for loss of
limb or eyesight; SIS weekly benefit
in case of accident or sickness. etc.
The cOncern advertises itself as a
reliable insurance company, with
$500, 900 state deposits for the pro-
lection of policy holders and to guar
antee the payment. of claims"
Now, what are the facts? Commits
sioner Taylor states that the Ameri-
can Registry Co. is not authorized In
North Dakota and that it is not even
listed in any of the various insur-
ance publications coming to his Of
ice. A letter of inquiry addressed
to the Insurance Commissioner of
Pennsylvania brought the following
reply:
Harrisburg, Pa, July IS, 1914.
Hon. w. C. Taylor, Comr. ms,
Bismarck, N. Oak. 1T.
Dear Sir: / am in receipt of yours
of the 18th inst. ing reference to the
American Registry Co. of Erie, and
in reply beg to say that this is not
an insurance company at all, but pur-
ports to be an agency run by a man
by the name of Werner. Neither
Werner nor the American Registry
Co. are authorized to transact bust
ness in Pennsylvania, and do not, SO
far as we have been able to find out,
issue any policies in this state. But
he does transact business through
out the country, principally through
the mails.
Very truly yours,
4 C!.-. NEs.N HTr nj ,JScy V0HnNYC0Ny o..
Insurance Comr.
Commissioner Taylor ventures the
the opinion that "it is a hundred-to-
one shot that any man who sends six
dollars to the American Registry Co.
will get a neatly printed policy that
isn't worth six cents. In this con-
nection, however, it is gratifying 10
record the fact that no less than a
score of publishers submitted the ad-
vertising proposition to this Depart
ment, and upon the strength of our
advices turned it down cold. Many
other publishers doubtless sensed
the dubious character of the propo-
sition and consigned 1t to the waste
paper basket.
Another One.
Another concern that should be
given a wide berth is the St. Paul
Mutual Hail and Cyclone Insurance
Company, of St. Paul, MINI. The
company id not licensed in North
Dakota, and LAS fact alone is evil
dence that it is not to be trusted.
Advices just receiv- from Bowman
are to the effect that the company