New Britain Herald Newspaper, August 30, 1927, Page 4

WNEW BRITAIN.DAILY HERALD, TUESDAY, AUGUST 30, 1927. e IR st fettsbrieishEsl b S S leeRNP e T T e 7 |/ f I [Z 4 9 | nelpless) against insolvency or un- | meddlesome powers to an extent not |the action of the licensing authori- | surers on both sides of the border. |Just practices of insurers impairing | justified by the public interests. Tt is |ties is not arbitrary and unjustificd, | The more familiar any one is With | the protection for which the insured land is not a violation of the con-|the jealousies and hostilities which STATE BARS HIGH |have paid. This ¥ appeals to us | with especial force in the case of {insurance for w yremiums have [been paid for many years at t lerifice of otherwise obtainable Tosurance Laws Protct Comn. (o, 10 et on Residents, Dunham Says Quebec, Aug 30—Declaring the safeguarding of the interests of the public to be the especial duty of state insurance department, Colone Howard P. Dunham, insurance com- missioner of Connccticut, told the fnsurance superintendents of the Provinces of Canada, at their tenth annual conference at Chateau Fron- tenac, today, that the insurance laws and licensing system of Connecticut practical ake it impossible 1o carry on any irregular or wildcat form of insurance in that state. Speaking on “The Licensing Agents, Commissioner Dunhan pointed out the desirability of hav- ing uniformity of practice in the regulation of insurance. “Any unnc- cessary trouble or expense which we cause to insurers by differences in practices will inevitably increase cost of insurance to the i whose interests it is our especia duty to safeguard,” he said While expressing himself opposed to overregulation of privat business by the s Dunham said that “Cor other states recognize of providing for some gover supervision of the insurance ness which is affected by a public ™ interest."” Opposes Overregulation | “Moreover, since the parties to contracts of insurance often meet on very unequal terms (a f porations standi hundreds of thousands of inexp ienced and badly infermed individ- [uals), it is also generally recognized in North America that the state s or misled fons or by manif actices of any sort to guard rence with pri- on such juate pro- terest with a vernment meddling pplicd con- tically and r to all who scek to be hoped that in conventions we inswrance commissioners and super- intendents may by friendly informal conferences, if not by public criti- cisms, helg one another to resist the autocratie tendencies to which bu- reavcratic human nature is said by our candid friends to be especially prone, Licensing of Insurance Agents been asked to discuss the licensing of insuranc first place, it must be ad- I mitted that any limitation on the | any individuals to en legitimate busi serutinized by Am some licensing laws have been lared unconstitutiontl. No li- sing system for insu zents | Will be sustained by American courts which goes beyond the genuine | « of the public welfare “In the second place, any law which permits arbitrary restrictions on the rights of citizens to e igents in insurance husiness would unquestionably be contrary to "the Constitution of the United { But the business of insurance is complicated one, and ordinary peo- ple are very misled with re- gard to it. Our theory in Conneeticut | is that licensing of insurance agents i itutionally permissable and 1, if it is strictly limited to 'r purposes | “The first purpose is to sccure by | | can isiness. In the | ndards in log- \tion no one that Commisioner Dunham's specch | follows: “All the traditions of necti- cut man are opposed 10 overregu tion of private business by the stat But Connecticut. like other states recognzes the wisdom of provid for some governmental supervision of the business of insurance. In one | Any or another form, this business af- | vising ot v to yield saf- er and andard than the | individual e of superntend- |ents or ivzisl | o1t is ce ther d be uniformity of prac- in 1 tion of insurance. ceessary trouble or expense which we cause to insurers by dif- fects the interest of a large propor- | ferences in practices will inevitably tion of pur people. Its benefits acru often to persons in trouble or dis tress, whose interests appeal right-thinking men for special sy pathy and protection. It is generally recognized among us to be @ proj function of the state to safeguard such persons (many of wh cost of insurance to the interests it is our es- feguard. ne say also that philosophical Is that all experience > of u tendency on the part strative officials to assort | increase num of knowles { and conditions of the kind of insur- | nee business which he proposes to in, in order thus to provide | wainst ignorant misrepresentations m to members of the insuring ! he second and more important | purpose 1s to hold over all insurance {igents the threat that their licenses, jannually granted, may be refused enewal or cancelled, if they them- lves are guilty of practices which e illegal, unfair or otherwise inst the public interest. reasonable examination of any | stitutional requirement of due pro- {cess of law, any licensing law should | provide that a license may be can- {celled only after a notice and a | hearing before the insurance de- partment, and that any person ag- | grieved by the refusal or cancella- {tion of a license may appeal to the courts for relief. “Wildcatters” Shut Out “In the third place, a licensing aw, such as we have in Connecticut. | aids substantially in shutting out of | the state some irregular kinds of in- surance husiness, which ure based essentially on a misleading of the public. Non-resident insurers except | 1ife insurance companies can not i sue a policy in Connecticut, unless it is countersigned by a resident li- censed agent, and no one can solicit or procure insurance except on his own person or property from any in- surer not admitted to do business in the state, or can aid in the doing of insuran s in the state by K Since an insurance licensed to do busin in behalf of specific insurers, and | since an unauthorized insurer can I not have an agent in the s and since no contract of insurance, other than for life insurance, effected in | Conneeticut is valid without being | countersigned by a resident licensed agent, it is practically impossible to carry on any irregular or wildcat orm of insurance business in Con- necticut. “It is so manifestly desirable that . companivs shall not 1 cted to inconvenicnce and ex- by unnecessary differences in states in the methods of regulation of their business, that 1 am glad to submit our system of licensing in- surance agents for your consider- | | ation. | I conclusion let me say that I | esteem highly the privilege of ex- pressing my views a mecting {made pleasant by the hospitality of | Canadian hosts. It s a fine thing that an international boundary should not interrupt attempts at | imified methods of regulation of the In order to make it certain that |business done by much the same in- jof their long hair. separate the peoples of Europe, the more gratifying it Is that we can of interests between us as Canadians and as, citizens of the United States. We are two great democracies with similar principals and ideals. I think my colleagnes from the United States would join me in affirming that we could not feel more at home in the mental atmosphere of any of our own cities. May it always and in- | creasingly be that we shall set the world an example of neighborliness | between adjacent and independent | peoples.” | {Month to Be Wettest ! August in History Boston, Aug. 29 (UP)—With 16| days of rain and showers predicted | |for tomorrow ,the present month | i may become the wettest August in | | New England history. i |” The weather bureau today report- | led a total fall of 6.74 inches thus Ifar this month. Normal is 4. {inche | Aside from being abnormally wet, this month has another claim to dis- |tinction, It has been the coldest | August in 24 years. ! Aimee Plans to Ignore meet with no sense of any division | Los Angeles, Cal, Aug. 30 (P— | Aimee Semple McPherson, evange- | ue the policy of silence toward the 100,000 libel suit filed yesterday in |Chicago by Bert Kelley, cabaret famation of character by the Ange Temple pastor when she was Chicago last June, She said she would make no | answer to the charges and employed no attorney and did not intend to do | Holstein, ate tn northern| | Germany, said to be not a ! bobbed head among the native wom- | en. 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