The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1920-03-18
HAIL INSURANCE
ON GRADY CROPS
UNDER NE W LAW
County Clerk Gets Data Concerning
Provisions Made by Last Leeisla-
ture for State Protection to
Farmers.
FORMS EXPECTED TO BE
RECEIVED NEAR FUTURE
Gives Grady Rating Of $t.2o an Acre
On Certain Crops, Banks to BE
Appointed AS Agents 70 Re-
ceiVe Applications.


The state hail insurance law Of
Oklahoma which was passed by the
last regular session of the state leg
islature is soon 10 be in force accord
ing to a statement Of X. s. Cox,
county clerk todya. Mr., Cox has re-
ceived letter from A. l.. WEIGH
state insurance commissioner stat
ing that blanks necessary to the op-
Grafton Of the law have been mailed
to the county clerks office here and
the arrival of the forms is expected
at any time. The county clerk will
be in position to take applications
for insurance as soon as the blanks
arrive.
Grady Premium $t.2o Acre.
For the purpose of the insurance
law the state is divided into districts
and the premiums charged for hail
insurance is the percentage of the
amount of insurance provided for in
the policy based upon rates varying
from 8 to per cent with an addi-
tional IL per cent to be charged
for barley, rye, corn leaves or cot
ton. Grady county is named in the
per cent class which is pointed out
to mean that the premium per acre
for the maximum amount for which
crops may be insured, which is $50.
wuold be $120. While the act is
broad in its scope with reference to
what crops may be insured against
hail It specifically states that in no
case shall hay crops, beans, peas,
beets, or garden truck of any kind
be insured under the provisions Of
the measure.
Agents Receive Application.
The act specifies that it is the
duty of each county clerk in the
state to appoint each and every bank
in his county as agent for taking ap-
plication for hail insurance, collect
ing and renting the premiums
therefor, and delivering the policies
OF insurance. In case no bank or Of
ficer thereof viii sorve as agent it Is
explained, the county clerk may ap-
point some other reliable person i'll
such community to serve as agent,
the person appointed to be required
to make bond in the sum of one
thousand dollars. 1t is also pointed
out that the county clerk is not only
authorized to appoint agents to re-
ceive applications for insurance but
it is his duty to receive them him
self. No agents have as yet been
appointed, the county clerk stated
today
Insurance Effective When Filed.
1t is further provided that the in
snrance shall be in force and effect
from the time of filing the applica-
ton in the Office Of the country
clerk and shall be considered eX-
PRED upon the adjustment of any
loss thereon, or when the crop is
cut picked or gathered; provided
that no insurance shall continue in
effect after the thirtieth day OF Sep
tember in any year and with the fur
ther provision that no insurance on
small grain shall take effect before
the first day of May, nor on corn,
kaffir corn. feterita, milomaize, cane
or similar grains, nor on cotton be-
/ fore the fifteenth day Of June in any
year. Policies will be issued to ap-
plicants Immediately after applica-
tions are filed, it is brought cut
Losses Paid at End of Year.
To quote section IL Of the act.
payment of losses will be made as
follows
when the several county clerks
of this state shall have made COM
plete returns showing the number
of acres insured for that year, the
commissioner of hail insurance shall
sum up the total hail insurance fund
for that year; when he shall have
received a complete return from all
of the hail losses in the state as ad
iusted and allowed, he shall sum VI
the total of such amounts for thai
year He shall sum up the expenses
of his office as follows: first, the to
4 Continued on page 50