The Port Gibson reveille. [volume] (Port Gibson, Miss.) 1890-current, 1921-01-13


! This section, said Mr. Henry u,a,
never ffamd with the pIIrnoae ~ "
meeting an emergency like this. Ii
TACT, the Legislature in framing the
insurance laws, never dreamed that
such q situation would become possi.
PIE otherwise they would have guard
i Section $500 is framed to author.
re tn writing BY brokers fo rislxs
that cannot be fully written il the
state; II seeks to safeguard the in-
sured, insofar as it is possible to d.
0, and the broker. who writes fire
business IS required to pay $40 license
ana TOUR per cent on the premium,
collected. i'''ii
II is a risky business, but per-
maps better than no insurance AZ III !,
SAID Commissioner Henry. There y
probability that some unscruni,lous
men may attempt to act as brokers
and my advice to all property owners
IS that before ATTEMPTING to oet ~
surance under the emergency Statute
section 2609, that they rst consIlt
snelr local agent. | am sure that fha
ilre insurance men will do evervtl,ino
n their power to safeguard their for,
mer patrons. They are all first-class
business men, and have no desire II
see the public suffer. n
ne avoidance of wildcat ;ns,,,
ance cannot be too strongly urged
Already Mississippi Is being qoodsd
with literature from these concerns
and the policies they Offer Are nof M,
worth the paper on which tbay *, nS
written. Again, ] urge vo,, nj 49, sse
confronted with an offer from @a1gl' cos
eern q thus kind, go and consult
your ocai agent, and see what he
mas to say about it.n
CommIssioner Henry makes It
pam that ne is strongly opposed "a
tne litigation instituted by The rev
en9e agent and regards it as a state
Wlqe disaster. Il have no desire 70
erltlclse the revenue agent,D he said
am sure that he did not know
prior to the filing Of the suit the
great damage he was doing to the
state, but it certainly cannot be
claimed that he does not know of tha
damage he has wrought. No doubt
pelng human, he does not like "a
show signs Of yielding, but, as 4
matter of fact and of law he eopld
prosecute his suit just as successfulIg
and vindicate the law in equal meas
ure, BY selecting one company. al 4
dozen companies, if necessary. for
the test, and allow the remainder II
continue writing business"
Mr.. Henry said in conclusion that
ne does not believe the fire insurance
companies have violated the law.
that they have been merely doine
what the law requires Of life insur-
ance companies. Mississippi has
statutes requiring the old line life
insurance companies to follow the 4
American Experience Table, which |
is nothing more or less chan Il sug-
gested basis of rates. This Is alnos; |
equally true Of The fraternal inspr-
ance companies which operate under |
the National Fraternal Table Of Nor
tality. in 25 or 80 states Of the
Union, he added, the law makes It
compulsory for the insurance com
panies to observe uniform rates. The +
advisory rating bureaus being under
state supervision which should De /
the case in this state.
Mr. Henry said he sees no hope
whatever for d compromise of the
case, and predicted that the COM
panies win certainly quit business in
mississippi unless compromise is
made that is final and effective and
viii relieve them from all future
Of this character Jack
son Correspondent to Vicksburg Her
aid.