DURING BIRMINGHAM’S FIS
( CAL YEAR OF 1923 BUILDING
PERMITS WERE ISSUED
TOTALING $9,717,520.
BIRMINGHAM AGE-HERALD
FORECAST FOR ALABAMA: I
FAIR SATURDAY AND SUN- >1
DAY; NO CHANGE IN THE |
TEMPERATURE.
VOL. LI 11 —NO. 196
BIRMINGHAM, ALABAMA, SATURDAY MORNING, NOVEMBER 17, 1923
20 PAGES
PRICE 5 CENTS
COAL PROFITS ARE EXORBITANT SA YS PINCHOT
No More Long Credits Are To Be Allowed On Fire Insurance Premiums
Annual Premiums Must Be
Fully Paid By 15th Of Sec
ond Month After Policy
Is Issued Or Renewed
WILL REVOKE LICENSE OF
AGENTS VIOLATING RULE
Extension Of Credit Without
Interest Will Be Considered
Rebating And In Violation Of
Alabama’s Insurance Laws
On all insurance written In Ala
bama,-safe life, annual premiums
must be fully paid by the 15th of the
.second month following the day Che
policy or its renewal becomes effec
tive.
This ruling goes into effect Decem
ber 1, 1923, and thereafter.
Penalties for violation constitute
revocation of licenses to do business.
Frank X. Julian, insurance com
missioner for the slate of Alabama,
explained this to insurance men in
Birmingham Friday morning. He
met with a group of officials of the
Birmingham Fire Insurance exchange
Thursday evening, where the matter
was discussed at length.
Since the la^t meeting of the Ala
bama legislature Mr. Julian's official
title has been changed to “Superin
tendent of Insurance.”
Friday morning the new ruling re
garding payment of fire insurance
purchases was the one topic in insur
ance and real estate circles. Mr.
Julian was called c7n for short talks
;»nd explanations even as he walked
along the street.
o o o
Third Big Question.
