LIFE REBATES ARE ATTACKED IN FOUR SUITS
A secret investigation of alleged insurance premium rebating, involving hundreds of thousands of dollars annually and directed against practically every mutual like insurance company in Chicago, came to light yesterday afternoon with the filing of four suits in the Municipal Court by State's Attorney Wayman. The legal actions are to recover "fines" of from $500 to $1000, assessed under the law for rebating on life insurance premiums. One suit is directed against the Illinois Life Insurance Company and P. J. Kane, an agent, and three are directed against the Hartford Life Insurance Company, and H. P. Johnson, manager in Chicago, and L. P. Hazen, an agent. It is charged that agents of the two companies gave 25 per cent rebates on policies sold by them [source #1]
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