Show Ir Ir- Warning To Life f Insurance Holders J. J 0 G. G state of Insurance has his Issued a warning to the t public against taking insurance buur- buur insurance ance with companies or associations that have not been admitted to do business In hi Utah under the Utah laws covering Insurance as asserts asserts u- u thAt there Is no form Corm of property prop pro erty or Investment Im that should be so carefully hedged about at that of in insurance insurance in- in We have before us at the prel present en said the commissioner two tan claims which Illustrate the uncertainty uncertain uncertain- ty of indemnity being paid In one Instance at the time the Insured passed he had three policies two with withold withold withold old line companies and one purporting to pay with a non-admitted non as assessment assessment assessment as- as association The companies paid their claims The assessment association association as as- refused to pay They had no process attorney in this state upon whom service could be made Suit wa wu filed tiled in California and a Judgment se se cured but the association it now appears appears appears ap ap- pears has no funds and It claims claim that no response came from its member member mem mem- ber bel when assessment was levied We We have also another case where a man was carrying a policy which was supposed to pay his beneficiary In the event ent of his death At first this claim was contested on a The association afterwards afterwards afterwards after after- wards admitted liability and prom- prom sed Led to levy an assessment I have before be before before be- be fore me a letter addressed to the beneficiary beneficiary ben ben- under date of November 11 11 In which he L Is informed that assessment assess assess- as assessment es ment notices were sent out but there was vas no response therefore no pay ment meet would be made and the association association association tion was essentially out of existence and no effort would be made to vC re It S. it S L L. Tribune |