Show GIVES VIEWS Insurance Department Not Nol to lo Insure Honest t Officials Syracuse N. N Y V Feb 25 State Slate State Superintendent Su Su- of Insurance Francis Francs out a state state- statement Hen Hendricks tonight gave r e ment in iii answer to the criticism of oC hi hl hIs department by hy th the Armstrong l- l gating saling committee At the tho start he IH IHs says s s 's people have overlooked the tile fac tal that thai th tIme department Is equally bound to look after all al lire lre insurance marine a assessment and fraternal associations as Ic tc t It making impossible Imposible look 1001 into all al c details tais with wih the limie time lime and help He lie le says y It Is II the duty of th the department depart depart- funds ruml nn nm ment to watch the reserve re to tn SOC see that thai policies are paid and t lr guard guart jC against Insolvency This his h 11 says S I Is the important duty intene by hr the law The department he lie says was not nol Intended to be an Oer O'er overseer ol at atthe the dally daily daly business management of or th tH has It to remove companies nor not power remo for Improper acts or 01 pu punish proper Mr MS- I Hendricks s saidI saul said saulI ll I doubt jf It I would be lie wise viso to Invest In vest et any state J with th the power te and responsibility of overseeing o an am ant n mt all al of the details of the bl business management of In Insurance urne companies a as in certain quarters It il If ii now being helnA claimed ho he should do llo Some Sommie of tt recommendations of tim the Armstrong committee and many suggestions sug u ilo now being MiK made 1 elsewhere e would make the time stall stati superintendent of insurance iii effect lect a n managing director of all al of or tho the insurance In in- companies in iii the the state Ir Ii I Ith th the the first place I do o not nol believe e bele that thaI this would b be a wise vie policy But nu it Is I the second place ilace if Ie it il was deemed tt k I I bo be wl H there must be tie an entire reorganization of the time insurance department depart depart- meat ment melt giving 1 sp special cial Increased powei arid and an an adequate supply of oC force forel am sac an I tao I Notwithstanding X all al that has beer heer said Sil it I s sm senis ems to me mao that the I ration of these details of the lie which Involve olve ordinary business honesty hon hon- I esty sty and competency mud musi ml 1 ho he hi loft left lr I t. t I tho those directly entrusted with wih the man man- of 01 In insurance rather than to a state department and that those persons directly Inter interested ested In such management 11 mi t t p euro If the they already haven't ha ent It H the power to select directors and amid who will wi give gi such honest and ef of efficient t ma management la l |