Records, [ca.1954]-1972.

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Records, [ca.1954]-1972.

http://www.worldcat.org/oclc/729363298

Typed report, ca. 1954, citing allegations of improper business activities filed by state insurance commissioners of S.C. against Lester L. Bates Sr. as president of Capital Life and Health Insurance Company; 2 newspaper articles, published 20 Apr 1972, about the indictments of Lester L. Bates Sr. and Lester L. Bates Jr. on charges of filing false annual business statements for New South Life Insurance Co.; promotional leaflet, 1970, gives history of the company and location of the home office.

4 items.

University of South Carolina, System Library Service, University Libraries

Information

SNAC Resource ID: 8098887

University of South Carolina, System Library Service, University Libraries

Related Entities

There are 3 Entities related to this resource.

New South Life Insurance Company (Columbia, S.C. : 1955-2003)

http://n2t.net/ark:/99166/w6qc89tn (corporateBody)

In 1955, Lester L. Bates Sr. (1905-1988) founded New South Life Insurance Company in Columbia, S.C.; his son, Lester Bates, Jr. (1931-2009), also worked closely with him in the company. In 1972, New South Life Insurance Company ran into financial difficulties when it self-reported a nine million dollar deficiency in the state-required reserve, apparently due to miscalculations by the firm's actuary. Bates and his son eventually lost the company. The company was purchased by the GMAC Insura...

Bates, Lester L., c.1931-2009

http://n2t.net/ark:/99166/w6pz7p4d (person)

Bates, Lester L., 1905-

http://n2t.net/ark:/99166/w6g16714 (person)