Hardware merchandising January-March 1911 . had been submit-ted by a firm of insurance brokers, tohandle the insurance of the associationi] a profit-sharing plan. The report was summed up by pre-senting for the consideration of theassociation, the following: First: An arrangement with a stockeo apany doing a business through localagents) seems impossible. Second: A mutual insurance organiz-ation is not possible under, existing laws,and it is for you to determine whetheryou deem it of sufficient importance andof sufficient advantage to warrant ourapplying for an amendment to the pres-ent statut
Hardware merchandising January-March 1911 . had been submit-ted by a firm of insurance brokers, tohandle the insurance of the associationi] a profit-sharing plan. The report was summed up by pre-senting for the consideration of theassociation, the following: First: An arrangement with a stockeo apany doing a business through localagents) seems impossible. Second: A mutual insurance organiz-ation is not possible under, existing laws,and it is for you to determine whetheryou deem it of sufficient importance andof sufficient advantage to warrant ourapplying for an amendment to the pres-ent statutes. Third: Shall your committee continuenegotiations with the firm of brokers re-ferred to, and, providing we are assured of their financial responsibility, wouldthe members agree to place their insur-ance on the basis mentioned? At the Hamilton Convention. When the association convened atHamilton, in 1909, the Mutual Insurancecommittee reported that they had in-vestigated the brokers proposition men-tioned at the previous convention, and. The Convention Badge. Presented by Gillette Safety Razor were not favorably impressed with had also received an offer fromthe Wisconsin Retail Hardware MutualFire Insurance Co., that the secretarjof the association act as their agent inOntario, insurance to be accepted atregular tariff rates, and a rebate offrom 40 to 50 per cent, of the premium42 to be paid each insurer through the sec-retary. However, legal advice had beentaken, and it was found to be illegalfor anyone to act as agent for, or in any-way assist a foreign Mutual Fire Insur-ance Co. It was recommended that the execu-tive should ask G. C. Wilson, ,Dundas, to introduce an amendment tothe Ontario Insurance Act, in the On-tario Legislature, making it possible forthe association to organize a MutualFire Insurance Co., along the same linesas the successful hardware mutual com-panies in the Ignited Fully at London the London
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