| Show Sail Ikc CI City Aug 8 1908 e eva 10 it time the artcle artIcle tinder lAte Je insurance dated at LOI Logan Jul July 20 2 und antI In the Nuns of lust last But wi flY mitt that It Is almost indict hollet nn any ono tnt to 11 itt III tIme the pu public In tho of should 10 SC tint 10 so much est eMt Ono of tIme the lrI I We 0 mire told of the n association l itt to I ut lt of a tIne tho dissatisfy dissatisfying tInt tho eVIls ot ald nOd In ing of policy holders COl contract tract th they have with solvent old the tho should cx peet bul homiest un an uH formed for such n a laudable yet et It seems tine only II lit twisting con tim In n a policy which Is carried 11 in le of the tite big tin d t lint the mug of oC thc hue 11 cm ian a ltd lh tile or of theIr poley policy holders Is tt II virtue rth rath rathen en el than lhnn n n crime I fun 11 till agent or of ono one of the tho smaller m nty lel residence II iii time tho state I have hao never toll told nn any one who wh is III a policy In 11 any legal reserve that tim the company in h unsafe tumId would consider I It n an act of oC I if I 1 were to do doso so po nl I 8 say thud no of ci this as has event ono ot of m uny tole builders that Ito ho huts hILS Itoh said Sti id that 1 may is 13 years old thereby that the tho to carry out a contract itt Is n a virtue belonging to older ohler thol thil this I nn any company fortunate to 10 hll have e been orl oer 13 years or of 10 age ali thu tho whIch are now older hao hae hd hod some chIldhood sll sluiCe e It ItIs Is only In that spring pring into Inlo exIstence full armed and li liCul Cul full grown The whIch arc old lust ha k kept pt thell humus their youth or 01 they could muot now he be old An ny in tel I igon t honet II In 1111 moan will Il say n a legal re reserve serve seve compan n at t th the ngo ae or of 13 Is just justas JUSlus us as OhIo ablo to care to or Il lit obligations lS us it II woe ue 50 I If this Is not mutt true truo then tIle tho science of oC h legal al reserve In Insurance ur ance I is n a If the agents of the larg old cnn cn make the thue lie such non onlie then 11 new companies could ter eer be e formed Ind and such paragons of virtue 7 as S Gov Hughes exposed time tho itt In wi will ho ba Ilven I a monopoly of the tue busIness of tints this state te teIl It Il Is no Ito to 10 read of In iii nito been rebuked rebuke for their slits but I cannot recall an In Instance stance time d one later cried front the tho loV I 1 mitt am holer holier than thou man alto answered this InquIry knows that the tho compan r no CenNI to mt In tha letter Is not wilting advIsory board contracts amid has In ever WI way wih with the tho laws of oC thIs state slate and tile the or of the Insurance ance le He Knos also some ole of the large whIch now 11 Cry out the hearth oard contract were the ones to use first lund aud wrote millIons or of bu business Oi this plant The rite writer dOU doubts tM If II a certain policy which we ne Is actually correct I It seems that tha t l a man who has no ito knowledge of the blue actuarial science of Ins Insurance rance than has hns a lack black blackbird bird presume ta his opinion Tho ho presIdent of I company Wa was for Cor a number of years the or of orthe the tho department qt luis his state and the of the company Is a registered actuary whose ability Is reI roe by the actuarial society this policy lc Is registered itt In the tite department of aC I a n r of stae el which have actuarIes nn and none or them have ever eer of questioning It hut Iut It scorns UI t their knowledge should be dIsregarded and the wisdom ot of tills this presumptuous upstart should be considered mu In Issuing policies In the future however tho will take the Judgment of Is Its actuary and not supplement It wih with the opinion of this Individual Under expense or of management ho ha r rs fers to bIte tho fact that t 42 per cent or of the Income lat last year was U lt for or that but ut watt was not nal honest enough to say that of the tho insurance In force was new bust busi business ness Written HIen during the tho year and since the ex etc must como Come out of these premiums the tho ratio of was high but bitt not perhaps as as his company shows mimmy year eur It wrote the same proportion of H to old Ho He knows tIle tho ratio of expense to does not nol tie note when the volume of now business to Q Is lurge but In order ordel to knock a worth worthy he withholds th facts Ho He slates that carries currie the tho fIrst years insurance ce tin as 11 term lerm which Is true but bitt hit he WItS not enough to I say ay that no company compan naves enough from the first premium to maintain the ful full reserve resene time the first year and I It can on only bl be donut dona b iy taking toot the stir of that tho compan which tp to policy holden If titiS Is 11 nut right then evor every hums been guit guIlty of the tho same offense during the tho carll earlier years earR of its his history tor torT T I would tIle the man fifth who vImo the tho to 10 ho placed Ir I a time the en ml rt ment lt of school a of insurance he II is tu to enable him blot blotto to gIve tIn the IntellIgent lon thin on tho first of mince and that In no muo case cuso should lie ho to Ott on fl a policy Ili nut to nr It not It Is IH actuarially cur cor correct meet Ye Very trul truly FOi FOlt |
