The Oklahoma City times. [volume] (Oklahoma City, Okla.) 1908-1984, 1915-05-27
INSURANCE MEN
ADMIRE NEWlAW
BUSINESS Is MADE DISTINCTIVE

The new insurance lHw pn.srd hy the
Inst legislature will do away with Ia
suruuce ht0AerA=IhOAc Mia engage In
other lines Of Ousincs- uul rurr, fire
insurance soliciting n ,ldr line II
will place the fire Insurance husIurs.
" the state IN the huuIe Oh. buuuflde
agents and eventually Nl.. m,r the
standard OF men IN that lur
The rules adopted by llr slnrr in
surunce board nave beer printed and
win Ike distributed among lr insurance
men Of the state. The, rules cNpnln
the new law as well a. H ruu be- rA.
plGined In brief article
Under the new law those who hnyc
solicited insurance without uuy license
ns agents must quit thu IIur NJ work.
of must become rcgunl lgr'l, with
offices open where thcl .uu bee def
nltely located The agent urr divided
into three branches -spr,uI or general
agents In one class. soliciting agents
In another class aud policy writing
agents IN another class
No Splitting OF Commissions
The Insurance board len. ruled that
the new law shall BE- Construed 10
mean that the policy writing agent Is
entitled 10 the full commission collect.
I'd under the policy, whether collected
by himself or others Ans division NJ
the commission is II NIuIulIou " the
law and subjects the agent to can.
ccllntlon Of his license
This section Ia intended 10 put an
end 10 the splitting M COMMISSIONS
ance definitely In The hnuds NJ the
agents II IL said thai many men In
the real estate busInes- aud other lines
now solicit fire iDaurnunp They uro
alleged 10 split the commissions with
the agent who writes the policies In
that way the fire Insurance business
NJ the state is Distribute among many
and some who are ire, pou-iblr are en-
gagged In soliciting Insurance
There will I've n read Iusfmrut NJ the
fire Insurance buslneS, Of the state
under the new law Man, ~ the
agents did not like the INV nt first
and believed that II would be- dctrl-
mental To their busincs- They had
many sub-agencles. or helpers who
might he called sub-Hgcnt. those who
used their influence to get fire lnsur.
ance for certain agent. uud who were
paid by a division " the commission
Bound 70 Benefit Agents
Since the working NJ the law has
been explained tp them and the new
rules have been made. the agents have
come 10 a great extent To see that the
new .measure will eventually be- ~
great benefit to them They must
now employ soliciting agents instead
of having their business handed 10
them on commission basis The 80.
liclting agents must be- licensed and
they must have desk In the office
where they are employed These 80
liCitOrs come under the control NJ the
insurance department just the same
AS the general agents and the loIicy
writing agents
The borrd holds that general and
special agents come under the same
class, aud that they shall be licensed
AZ such, but they cannot be- licensed
also as policy writing agents They
may solicit business In connection with
n policy writing agent however, and
II will not he In violation Of the law
A policy writing agent cannot hold n
license at the same time MS general
or special agent
Any penOn licensed AZ u soliciting
agent must office with and he In the
sole employ of u policy writing agent
aud while In that employment will not
be licensed In either OF the other class
~ This does not apply, however, Ia
domestic mutual Insurance companies
or 10 life Insurance agents.
II IL not believed that there will he
much difficulty IN enforcing the law
after II Is once thoroughly understood
bv the agents. II win cut OF the N
vision Of premlume with those who
have been sharing In II. the members
VI the board say hut II will place M,
business In the hands " responsible,
agents who NAV I've held accountable
for the things they do.