Idaho Free Press from Nampa, Idaho on March 6, 1976 · Page 28
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Idaho Free Press from Nampa, Idaho · Page 28

Nampa, Idaho
Issue Date:
Saturday, March 6, 1976
Page 28
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lews-Tribune, Saturday, March 6,197S-A-1J Nevada official testifies against Life Co. CARSON CITY. NeMUPD- A stale insurance official testified Ihis week he ordered the Sierra Life Insurance Co of Twin Falls, Ida., lo stop conducting business in Nevada in July 1975because the company's f i n a n c i a l condition was "severely impaired. Vernon E. Leverty, chief deputy insurance commissioner for Nevada, told a hearing officer, "They (Sierra Life) were in a negative position as far as assets were concerned -- minus liabilities." I.everly was the first witness at the hearing lo decide if the state insurance division had enough evidence lo tell Sierra Life Insurance lo "cease and desist" business last July. Officials of the Sierra Life said Ihey will prove the firm was financially solven! then. Fred Frazier, president of the company, [old a newsman ilhad $1.5 million in c a p i t a l and surplus funols, well above Ihe H50.000 required by the state insurance division. Sierra Life, according to Frazier, had 18,000 to 20,000 policy holders last July, of which 365 were in Nevada. Since being told to slop operating in Nevada, Ihe company has sold its policies in (his state. It operales in Idaho. M o n t a n a . Wyoming. Utah. New Mexico and Oklahoma. The firm is contesting in court an order by the Wyoming Insurance Division, revoking its license. A f t e r Ihe state i n s u r a n c e division completes its case before Nevada Commerce Di- rector Mike Melner, Ihen Ihe company will have a chance to study the testimony and present its evidence at a later date. Loverly testified t h a t he examined the financial statement of Ihe firm and found that the mortgages of Sierra Life Insurance were "considerably over Ihe two per cent" of total assels set by Nevada law. "The company was severely impaired, even excluding everything over the two per cenl," he said Joseph Imhoff, Jr., of Boise, Ida., and A. Bob Jordan, Oklahoma Cily. Okla., both attorneys for Sierra Life, said the notice last July revoking the license never provided any facts why Ihe action was being taken and no opportunity for a hearing before the "cease and desist order" was issued. Tlie notice only said Sierra Life was insolvent and Ihcre were no facts on which Ihe company could defend itself, according lo Jordan. "We had no idea more than a bail of hay what it must defend itself against," said Jordan. He said the order was clearly unlawful. However James Wadhams, chief counsel for the Nevada Insurance Division, argued the nolice was sufficient. He said Ihe company was afforded a hearing bu! it "procrastinated" for nearly seven months. Hearing Officer Melner said (he testimony Ihis week would give Sierra Life the necessary details on which lo base its case at a lalcr date. KarcherMall for Owy/iec Co. residents Garden school details reported MAflSING - The spring garden school for Owyhce County will be held in two locations -- one March 10 in the Homedale National Guard Armory and March 11 in the Bruneau American Legion Hall. The school is sponsored by Ihe Marsing Extension Office. Both meetings will include a politick meal at noon. Programs for bolh Homedale and Bruneau evenls are the same: - 10 a.m. A look at garden insects and w h a t to do aboul them by Craig Baird, extension entomologist. -- I t Vegetable garden varieties by Tony Horn, extension horticulturist. -- 12 Everyone b r i n g ; covered dish and your own labli service. -- 12:45 p.m. Landscaping home grounds by Tony Horn. -- 1:30 p.m. Disease problems of the home garden and their control by Art Waltz, area potato specialist. -- 2:30 p.m. Weed control in home gardens by Glenn L Bodily, extension agricultural agent and Leon J. Church, ex tension agricultural agent. -- 3 p.m. Closing remarks. Everyone is invited lo attend Hints from Heioise Acetone lifts polish Dear Gang: Know what I did? I got a blop of red fingernail polish on my brand new jeans. What a bummer... With the price of blue jeans today, I was about to have a cat! I did what I always do when I mess something up. I called my mother. That really isn't unusual, but my mother is Hcloise. I have never thought much of it before, but I really am lucky. If something goes wrong, I just pick up the 'phone and ask Mom. It's kinda like "Dia!-a- hint." Once when I was in college, I even called home long-distance to ask how to get wax out of the carpet. (Now I know how.) It does work both ways, too. Many times I have had to try something, or found out later that ( was an experiment for some hint SHE was trying! Back to the original problem. Called Mom and said, "Help!" "Never fear, your mother is here." The answer was simple and cost me nil. Acetone! You can buy it at a drug store. [ paid fl.35 for a pint. You sponge the stain with acetone and the nailpolisb will come out. Now listen and listen well. Use »tnyl acetate, also found in drugstores, on acetate, Arnel, Dyne] and Verel fabrics, and use acetone on others. Be sure to test these solutions on a hidden spot of your garment to be certain it won't harm the fibric. Maybe you aren't as careless ia I am sometimes, but this are is good to know. I did this once before and eniidn't get hold of my mother Mi took the pants to the n«yetargedme»1.00toUke OK ifeto wit Not Uut I wasn't tat now I can do it myself for a few pennies. When you get your can of acetone, read the label well, and be sure to follow all instructions for its use and safety. Hope this will help you some time, but if you aren't a dummy like I WES and are careful, maybe you will never have lo use Ihis hint. Heioise II Dear Heioise: Don't throw away any old suitcase -- no matter how battered. l use mine to store Christmas decorations. Helen Dear Heioise: I purchased a soft cigarette ease thai has two compartments -- a long one designed to carry a package of cigarettes and a shorter one for matches or a lighter. In the long compartment I placed a pair of sun glasses and in the shorter one I placed a neatly folded rain bonnet. I am now prepared for the bright sunshine or a sudden rain shower. H.M.Angyal · * · OUR MAILMAN "I'm dragging so today, even Ihe ants are rushing by me.. " Dear Heioise: If anyone has a foam-backed chair or sofa throw that u beyond use, wash it and peel off the foam. Tne foam is ideal to use when stuffing Jittle toys. P.J. And you can't beat the price, either... . Hetoise The U.S. "Department of Agriculture estimates Florida citrus growers will produce 172 million boxes of oranges in Ihe 1975-76 season. toscanny crystal your choice Reg. 13.00 lead crystal servers and accessories reduced over 50%. Choose sugar and creamer, candy dish, ashtray candle holders, handled vase, tea bells more! goose feather pillow 2/12.99 Fluffy crushed goose feathers in blue/white print ticking. Queen size 2/16.99 King size 2/21.99 leonard table top treasures grape salt and pepper 450 ' · \J\J Reg. 7.00 Silverplated cryslal and silver salt and pepper set in grape c l u s t e r design. lotus jam bowl \JmlU Reg.10.0 Crystol liner on base of silverplale pelals forms graceful flower shape. cranberry server set Reg. 9.00 Silverplated oval tray and server holds one con of relish perfectly. 3 pc. salad set U.vJv/ Reg. 12.00 Serving bowl, fork and spoon of elegant cut crystal and silverplale. heritage bedspreads "I £ Twin size | ^ Throw style bedsoreads in a fine seleclion of solids and prints. Luxurious quilled slyles; many are machine washable. Just charge it! save save on kenneth curtains raffled prrecillas "Gemstone' in machine washable Beiae. 8 0 x 4 5 Reg. 11.00 9.49 8 0 x 5 4 Reg. 12.00 10.49 160 x 54 Reg. 25.00 21.00 224 x 54 Reg. 35.00 30.00 80 x8l(?eg. 16.00 13.49 1 2 0 x 8 1 Reg. 24.00 20.00 160x81 Reg. 30.00 25.49 224 x 81 Reg. 45.00 40.00 288 x 81 Reg. 55 00 50.00 eyelel embroidered "Valarie" in While or Beige. Machine washable, permanent press. Valance Reg. 5.00 4.QO 24 in. tier Reg. 7.00 6.00 30 in. lierReg.7.50 6.50 36 in. lier Reg. 8.00 7.QQ Swog Reg. 11.00 9.50 '0 made to measure draperies sheers by drapery fashion industry with roc-Ion lining Over 200 styles and colors lo choose from ot tremendous savings! Beautifully slyled in bold new fabrics with insulated Roe-Ion linings (hat lei in lighl, but stop sun fading. Controlled shrinkage for easy care! For example, luxurious antique satin draperies wilh lining, 144 x 90 regularly 182.40, now just 145.92. Shop and save! custom made woven wood shades Entire slock woven wooden shades in 72 yarns and cobfs Charge il! Limited time only! i wm^^m^m rfk

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