| Show I ARNING J TO LIFE UFE If AGENTS Salt Lake March 20 Willard Done acting commissioner of o Insurance ance ante has sent Bent the following letter to Insurance companies and agents of oC the state slate The certificates of authority for forr tho life insurance companies operating operatIng ing log in Utah Utahn and their agents regu regularly regularly appointed have been oen issued from Crom the insurance department for Cor Corthe forthe the tho Insurance year ear ending February 28 19 1 The Tb commissioner of oC insurance insurance InsuranCe ance desires it understood and aud he hereby informs the thc officers of or theco the co companies e and ld thoi oit s nr to the 1 companies c tp and nd their agents and accepted by hr on the condition that by b accepting these li 11 licenses 1 censes tenses they bind themselves to observe ob observe serve strictly the tho insurance laws of Utah as a interpreted by h the he commis commissioner This has special lal reference to certain matters which are arc particularly pointed out in n the sections of the statute referring re rc erring to life insurance companies and their representatives Special attention Is Ig called to re rebating rebating bating misrepresentation twisting and other fraudulent practices which occasionally creep Into life lire Insurance work Not only ani must the companies and their agents pledge themselves thorn solves to observe the law In this matter matteI as it itis ItIs ItIs is interpreted by b the commissioner but notice Is IB hereby served that the th commissioner reserves tho the right to re revoke voke the tho license of any an agent upon receiving indisputable evidence that he be has committed any an of or these theRo of offenses offenses and to suspend the license of any an company coman that refuses to take talco summary action against a agents proved guilty built of unlawful practices Full I uil warrant for such auch procedure IR is found In subdivision 3 section 22 of the tho insurance law lawI If any an r officer or agent is In doubt doub as to the interpretation placed by IJ tho rho r commissioner on any an of these the ie offenses of offenses offe fe he will bo be fully full informed I f upon 1 applying to the department t |
