Jasper County Democrat, Volume 12, Number 17, Rensselaer, Jasper County, 2 June 1909 — 1,000 AGENTS LOSE JOBS [ARTICLE]

1,000 AGENTS LOSE JOBS

Legislated Out of Insurance Places In New York. New York, June 1. —One thousand agents of the New York Life Insurance company have formally terminated their service with that corporation. According to officers of the company they were dropped because of the state law which prohibits a life Insurance company from writing more than $160,000,000 of new Insurance in a single year.