Jasper County Democrat, Volume 11, Number 51, Rensselaer, Jasper County, 28 November 1908 — OUT OF .INDIANA [ARTICLE]

OUT OF .INDIANA

The Ohio German Is Ordered By the State Auditor. Indianapolis, Ind., Nov. 24. — John C. Blllheimer, State Auditor, today wired the President of the Ohio German Fire Insurance Company, Toledo, as follows: "Have this day revoked the license of your company to do business in Indiana. Notify all your agents in this state to write no new business.”

The action of the Insurance Department results from a report received today from the Insurance Department of State in which the Ohio German Insurance Company is declared to be insolvent. The company, It is stated, lacks 40 per cent of having the required proportion of Its capital stock paid up. The company has 74 agents in Indiana and collected $25,000 in premiums last year, paying- out $|5,000 for losses.