Emergency Aid Insurance Company.

In 1935, W.M. Brunson, Dr. E.G. Bragg, J.R. Clark, T.T. Rhodes, W.W. Sanders, Lallie Harper, and Dr. E.T. Brunson organized the Emergency Aid Life Association with three thousand dollars.

During the late thirties and early forties the company grew and expanded until in 1944 the Emergency Aid Insurance Company was converted into a capital stock company with a $25,000 stock issue. At the death of the firm's first president, W.M. Brunson, in 1947, the Company's capital stock had been increased to one-hundred-thousand dollars and its Articles of Incorporation amended to authorized operation as an Old Line Legal Reserve Company. In the same year, with the agency force spread from Southeast Alabama to cover the entire state, the first North Alabama supervisor, James E. Folsom, took office as Governor.

In 1949 Feb. with J.R. Clark as president and Lallie Harper as secretary-treasurer, the Company moved its principal offices from the Elba Exchange Bank Building into a new home office. In 1955, the Emergency Aid Insurance had assets valued at approximately two million dollars and operated with a capital stock of two-hundred-thousand dollars.

In an effort to stengthen the Company and assure a continued and prosperous future, the company associated itself with the Pan Coastal Life Insurance Company of Mobile.

From the description of Records, 1949-1963. (Unknown). WorldCat record id: 122498436