September 24, 1948
TO ALL AUTHORIZED LIFE INSURANCE COMPANIES.
Re: "Salary-Savings" or Payroll Deduction Method of Monthly Premium Payment.
For your information there is enclosed herewith copy of a Department opinion, dated September 23, 1948, regarding the writing of insurance on the so-called "Salary-Savings" or payroll deduction method of premium payment.
Very truly yours,
/s/ RAYMOND HARRIS
Deputy Superintendent and Counsel.