The Birmingham age-herald., 1923-11-17
JULIAN SAYS CASH
 BASIS IS GUIDE
(Continued from Page One.)

! | the suspension or revocation of license, in addition to the penalties provided by law.
 Use of printed slips or stickers rec commended: Where credit IS extended by any agent, in order to give full information to the policyholders of this ruling, it Is suggested that print ed slips or stickers be used on the outside fold of policies, invoices and statements by all agents, the wording of said printed clip or sticker to be as follows:
 tendent of insurance of the state of Alabama, the premium on this policy must be paid on or before the fif- teenth day of ........, l92..... FIX tension of credit beyond this date without interest constitutes relating on the part of the agent and Is in violation of the laws of Alabama, and the agent will be punished for such revocation of hisser her license"
 It is further suggested that all agents give publicity to this ruling | through their local newspapers. | This the 18th day of October, 1SzS. FRANK N. JULIAN,
 Superintendent of Insurance.
 The provisions of the ruling apply ! to all business written or renewed, effective on and after December l.
 Where the fifteenth day of the month falls on Sunday or on legal holiday. the sixteenth day of the same month shall be considered as the day of the last day of the credit period.
 As an example, to explain the ope- ration of the ruling, the premiums on policy written or renewed, effective during the month of December, must be paid either in cash or by interest bearing note on or before the fif- teenth day of February.
 It Is not intended that anything contained in the ruling be construed as allowing the policyholders In all cases to take advantage of the full credit period, nor to prevent com ganieS agents, or local board of as- sociations of agents from exacting terms of settlement less liberal than herein required.
 Distribute New Ruling.
 Members of the Birmingham Fire and Casualty Insurance Exchange, of which Ed S. Moore is president, and in which Charles l.. Candy is a very active worker. are making plans to widely distribute the new law. an excerpt of which Is given here. and will distribute 1t to insurers and in- sured as rapidly as 1t can be for warded. The folder which has been printed, also contains an explanatory letter from MT. Moore. the official communication from the state bureau, Legislation of a very favorable nature enacted, unfavorable legislation de- feated and a resume of tile agency qualification law.
 MT. Julian and MT. Candy escort ed F. M. Spearman of Philadelphia, Pa, on a number of visits to offices of interest in Birmingham. MT. Spear man Is consulting actuary of the Alabama bureau of insuranc.
 The state superintendent of insur- ance was very much upset when he | visited the court of misdemeanors, and found that Judge H. B. Aber- nethy was not present.
 Only time in his life he was ever off that bench" was MT. Julian's comment. and chances are he will never be again"
 Failing to see Judge Alb. in action, MT. Julian and MT. Candy, as a sec ondary entertainment, took the vis- iting Philadelphian on a tour of the city. They left for Montgomery on 1 the afternoon train.