The Sunday telegram. [volume] (Clarksburg, W. Va.) 1914-1927, 1915-09-26
Auditor Fayors Contingent
Commissions for Agents 81 :
Fire Companies.

~
oSIHRBY. CAT, sept ON
Z ting nt aonmissicnS for hFe insurance
agents as q means toward reducing
the enormous IRE waste OF the ma
lions inform laws to permit tHsas
ance contracts ID s;embraebs all ha1s
Atds; less discrimifla ton by insuf
ance c0mpAnte among the several
states tn the eStmetst OF the fnna
law tor the dependet its 81 policy
and adequate protection under the
8 holders. were advocated at the twen-
tyrsixth annual meeting IL the Ma
t1onal Convention Of sdnsurs Com
MIS- toners by Presid eNt John 8 I3aEht
% West Virginia. in his annual adj
dress raa F;
Courts Investigator vi
IN his address, President Uarst,
+ rho - the Commissioners from West
Vtrginta, discussed questions arising
In the insurance world witch 10 de
clared involved ideas and principles
more or.sless evolutionary, courtea
deliberation and inveatig Of the
subjects, but counsellei against Sufls
NECESSARY delay II nlaturedg IDEAS .wera
to- be translated into practices:
President Darst In q discussion al
life insurance lapses declared that ii
was subject IN which the policy
holders We're interested; inasmuch .as
fleir dividends were reduced as d srcs
suit OF these Tremendous losses, and
advised his hearers that the enormous
Astage from lapsed policies co,1ttl he
materially reduced.
AS an example. he cited that In West
Virginia during the year 1914 sa2.-
s:VVgs0g0 IN new business was! WIZ en-
and pc 900, 900, OF which only one
Z ana one-fonrtt millions was hecause
death, ceased stating that HE. great
sbnlk Of lapses was at the first. or sec
onf renewal, many Companies operat-
Y IN the state showing net loss in
= tns business in force. This condition
9es ascribed to the policy Of making
9 mad rush for new business and nay.
Ing but little attention to that already
on the books,
Bright Future, 81
The West Virginia Commissioner
also predicted a bright future Tor fra
te1nalism. ".rhe whole fraternal sys-
TEN Is being subjected to the seyerast
Z ordeal Of its history f,sssaids ..Fach
component part must stand q separate
fest with It's own dress as fuel for the
names. This class Of insurance, with
us attractive social features, plays a
very important part in the lives of
many OF our people, especially In the
srural districts and smaller cities. II
Z can not be replaced; the demand VIII
continue and when the fogs Of ipnor-
ai1ce and the clouds Of sdistrust have
pean rolled away by the sun 81 ado
qgate rates, it will be a lappv .day
colntry.''' -. - ou l'
President Darst referred Ia tha
many attempts Of the convention ~ n
solve lhe question Of reducing the ma
tienal tire loss. declaring that many
sofs the suggestions had been helpfnI
nut none had proved sufficient, and
me resulting decrease n rates nan
pean almost negligible. Contingent
commissions for fire insurance agents
me president declared. in his opinion.
was the proper remedy. "a 81
81 firmly believe that a system such
aaawe are trying to work out here4-a
contingent basis Of compensation
VIII; do more to reduce fire losses AM,
nre insurance rate than all the other
agenciesfyet adopted or suggested. rs
transform every local agent into an
active inspector, cooperating with
and sharing the fortunes of the un-
derwriting department of his compan.
les, is most desirable, y Z