The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1922-07-14
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atfonofF the Insurance Department
Sms the state auditors office. in
erstoSgiye the auditor an Soppor-
tunity fficientl serve his state
Wilt Observation-Disclosures by Audi
tor Johns .EBond at the next ses-
fston ;of the Legislature, If present
p1ans are carried out.
MajorsBonds has comp1e tenta-
Hive p1anssof his proposal to divorce
the inlssuTances department. from his rs
sofMee. aftershay1ng made public h ll''
Sr1tentIonss several days ago at a
Aseting OF insurance agents at
aanf1Egfon. He hopes to enlist the
kfdsoEGovernor NJ organ in his pro-
,noaaTst o ."create a more efflc1ent
~
yaH1sssfnsurance department is but
nswof a dozen separate and DIS
s or bureaus OF my
Ioffice.s asserted Auditor Bond,
eands most of them deal with ques-
h Hons sinIno way related. 1t is, there
bra.8necessary that leave the de-
|faf IsStoH su Dor dinates and give per-
(sona $attention only to the larger
|dnesfions and matters of policy.
any Bills Pending.
came into office with a bill
lending in the Legislature to take
beinsurance department away
fpni the auditors office and set It
IipgaEsa Separate department. Per-
sonslSrominenti IN the insurance or.
cations were back of that
GdVsment. Though the commit
ofsagents had every opportunity
Eo@doS SO, they did not consult my
wishes. yet became insurance
sompissioner within two months.
@beli eved then. and I believe
&ow.sthat the auditor. has too many
bther important things demanding
~ attention to BE insurance COM
missioner and I will recommend IN
my biennial report to the governor
ZSnfsSyear that my office be relieved
~ this work.
e9EargeIy due to limited appro-
iaIions, the West Virginia insur-
ncsIdepartment is one of record
Hfhers than one of regulation. Thei
department. in this state is compar
fWelyEnew, and the auditor has lt al 3
RaysShad many other lines along
ghich Etosswork off his surplus en-
=IAAS 5SANee~A~~
nent has run smoothly.
sphere is a disposition among
.empanies and agents to make few,
fSany changes in the insurance e.,
Avs. ID I am in hearty accord with
his .notA only as to the insurance
Ssiness but as to all other lines.
laws are cumbersome,
II Ft6o frequent chances are
SO. n =
sEsoweVer, some minor changes
nthess Insurance laws could bel
nadeNto advantage We need an
Ectuary and examiner and a couple
fSfieIdSmen, but these can be pro-
5idedEif theEappropriations are suf-
{icienf hope to work this out In
[Sart il stheEcoming fiscal year. The,
$ScesionSsmay arise when we viii
&lA@greater8 powers of supervi-
Mailman our laws now give.
B1t i 3doSnot want iaw.s which
4lSinteffere with the insurance
hsness properly conducted. do
6fWant the Insurance companies
5run the insurance business in
VestssVirginia. nor do M e wan the
gents to run it. want8an insur-
need apartment with just suff'-
tent power and authority TO bring
bout that happy medium undeT
Nhich all safe companies will want
oSdosbusiness in the state. and so
hat they will make sufficient
GEof it under which the insured
bubl will get insurance which is
afeE beyond question and will pay
reasonable price for it.
sssThe law governing rate making
hay haYeSto be strengthened. We
Sfant the department a rate