Salt Lake Telegram | 1923-08-21 | Page 5 | Insurance Curb Plan Proposed at Convention

INSURANCE CURB PLAN PROPOSED AT CONVENTION MINKKAPOUa, Vfnn. Aug. 11 (By A. P.) A plan to curb unauthorised unau-thorised tneuranoe was advanced by Harry Ia Conn, eupertntendent of Insurance In Ohio, before tha fifty, fourth annual national convention of atate tneuranoe eommleaioners here today. Mr. Conn urged a uniform atate law to make It Illegal for domestic or kindred Insurance eompanlea to write a policy on property eltuated In a atate or territory In which the company la not admitted, or. In the caaa of life or accident eompanlea upon a realdent of a atate In which It le not licensed. THe proposed law. Mr. Conn aald. If effective, must carry with It certain penalties for Ita violation, revocation of the company's charter In Ita home atate and the automatic revocation In other atatea; flnea and Imprleotj-ment. Imprleotj-ment. Other opeakere Included H. O. riehback of Olympla, Wash, preel-dent.