Official Report of the Proceedings of the National Insurance Convention of ...

Cover Official Report of the Proceedings of the National Insurance Convention of ...
Official Report of the Proceedings of the National Insurance Convention of ...
National Insurance Convention of the United States
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If we should put into execution the proposition which I just spoke of, and which was in our legislature last winter, that if any representative of a company, especially a general agent, promises to pay anything which is not published in the literature of the company, then you reach your reduction of rates, as well as other dangerous practices.
Maj. ^Merrill. That is exactly, Mr. President, what you cover ^ith the anti-rebate law. The company publishes a list of rates. It is not a question of wh
...at the agent shall do with the money after it be- comes his. It is a question of what he shall promise to do as an induce- ment to the insured. It is a promise that the agent makes that he will do something for one man that the company has not promised to do, and the company does not publish in their list they will do, because they publish an absolute list of rates. The agent promised to do some- thing else, precisely what Mr. Harvey says ought to be suppresed.
Mr. Hurd. Mr. Harvey, I would like to ask one question ; does the agent that you refer to come out and sign that proposition himself?


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