The Ontario Scrapbook Hansard

Ontario Scrapbook Hansard, 8 Mar 1929, p. 4

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t - 4/ Ar"rre/1v/-wo1e/-o1-"-- of"; l A VI A f "'"'""-'r------.------, . BOOTLEGGING CURB . , I I i t _ c. __ ..-- 7 e___l . Amendment to Act Will Check Sale of Insurance . U li . m n teensed Companies . . . by Mail Outside Ontario . . T and in United States -----_----- 2 POWER TO EXAMINE 3 i BOOKS, RECORDS Admirer. or "Minion insurance" to tNrse classes of Insurance for which an insurer may be licensed: a regulation tending to curl: the 'buuiiegging imm- MCC" cvil: the definite acumptior, by Ute department of 1."ilJrt'G.", p liver to ex- L'mine boom and records of insurance agents and brok "rs; and the making of it an tr'sictv.cst for any Otiturio illNUi'nnt": company lo Carry on hilhlliQ'E in a tut-- sign Jur'uzditxiuti Without P. li( 'l'rt' until we las., 1sf ixlt'h human Jurisdictt'c'c, are feature: of the act to amt-nu tine limirance Art much Atioriwy-Gt'11rrr'st Wuhan H. Price lax-might drain to the Leguslature yesterday. The art min» tutliryrsh the department oi the nec-silty oi making an annual inspection oi ntururtr b'nei'it S'ttif'iiis with lec, than three hundred m. inbtrs. It amends. too, the standard of valu- ation of lifr: insurunro rewrn-s to make optional the use of tl.e American Men Ultimatr Table at Mortality tor with ation of contracts issued on and after Jen. L 1929. Curb "Bootlegging." In connection with the matter (it "bootleg" human"). the aVpartmrur' under H. ll'ightun Fast/'1', Supernatur- dent, has had nut-iv cunniluhns (11 late that brokerage otiitrers war opt-rating in Toyorsto, :vlling JiPcu'AttH" in un- licensed compariics by mail outside the Province and in the United States. The amendment which the department has introduced will cffrctit.ely curb this "evil." The department paint; nut that, a loilr there has been lit: complaint of Ontario companies selling; iinuutimriyv'i inur- ancc in the United State". all Status and Provinces ham. however, remna- mended the enactment of a {ereign jur- lsdiction licenrc. On ni'm: than one occasion in thr' part Ontaric has been nooded with literature of American companu-S. and has been puttirltm to act against them. If all Jurisdictions Were to enact the provision the Prov- ince has now introduced, tnmuthcrizcd insuranm solicitation. the department reels. would b? imlvossilole. The above features: are purNy "life insurance" features of the amendmmtS. Under the head ti' "fire insurance." an amendment liar. been brought in to g over the decision in Crop" v. Toronto Casualty Fit": ~nri Marin" Insurancv' Company. which caused m much dis- cussion in thr press last April with re- spect to vacant-3:. This amendment, Mr. Foster points out. i, being unit'urml'f adopted by all Province; this semian. and is designed to prevent a recurrenc: of such a decision. Motor Car Section. ! Of the automobrlc insurance features,' apparently the must far-reaching in significance is that which provides for "fair treatment" of purchasers of cars on the instalment plan.

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