Show MEN ASK fAIR DEAL Would Compel Foreign Com Corn Companies Companies to Be Treated Same S me meas as Home Concerns UP lip TO STATE SECRETARY REQUEST HIM TO REQUIRE SAT SATISFACTORY SATISFACTORY SATISFACTORy SHOWING A square deal and an even break all allaround allaround allaround around is what the standard Insurance companies want At a meeting of the local board of fire underwriters yester yesterday yesterday yesterday day it was decided to address a com corn communication communication to the secretary of state sug suggesting suggesting gesting that he impose on foreign ance companies the same restrictions and limitations that l apply to home compa nies flies The idea in offering this suggestion is to reduce the number of wildcat in urance companies doing in business In lit itah tan tah under character organizations in other states The laws aws of Utah require that a local company compan shall have a tain tam capitalization and a certain amount In assets It is the request of the rep of standard Insurance com corn that all foreign companies be re required reQUired required to come within the terms of the l 1 tali tah law before they are given ghena a li tl t t cense Conse The annual reports of the various in insurance companies doing business In Utah are now before the secretary of ot state It Is tho the suggestion that he scrutinize these reports and refuse a license unless the showing Is la such as would be required of oi oia ofa ofa a company It is manifestly unfair say sa the insurance Insurance insurance ance men to permit a foreign company with assets a ets of questionable value to come Into this state write a lot of insurance e and then get out again while the local loca capitalist who engages in the insurance business must come up to the letter and the spirit of or the law It is the hope of the people who are doing a bona fide in insurance Insurance insurance business that the secretary of state st te will act a t the suggestion made yesterday by the board |