Page 4
THE BATTALION
TUESDAY, OCTOBER 4, 1977
Deposit insurance questioned roy makers hustle
United Press International
AUSTIN — Proponents of deposit
life insurance said Monday agents
who want it banned are considering
their own commissions and not con
sumers.
The Texas Association of Life
Underwriters and Pennsylvania's
former insurance commissioner,
however, urged the State Insurance
Board to ban sales of modified pre
mium whole life policies as decep
tive.
The agent group said buyers are
misled about the extra first year
premium or “deposit” required on
such policies and are not adequately
warned the money will be forfeited
if they fail to keep their insurance in
force for 10 years.
Tricky sales pitches, the agents
said, induce many consumers to
drop old policies at a loss.
“The marketing of deposit term
life insurance is the number one
problem confronting the insurance
buying public in the state of Texas,
said Stephen A. Casey of Dallas,
spokesman for the Dallas Associa
tion of Life Underwriters.
“The insurance buyer puts up a
substantial deposit which he forfeits
if he discontinues the plan for any
reason prior to the 10th year,
Casey said. T strongly urge the
State Board oflnsuranee to take the
necessary action to protect the in
surance'buying public by outlawing
this product."
Hector De Leon, former State In
surance Board general counsel, de
fended the policies for insurance
companies that emphasize the
modified premium or "deposit ap
proach .
“We’re not talking here about the
bad guys versus the good guys, De
Leon said. “The underlying issue is
competition. What you have here is
an attempt to ask this board to eng
age in an act that would limit com
petition and restrain trade.' in the in
surance industry.
Herbert S. Denenberg of Wyli
ne w'ood, Pa., said he banned such
policies in Pennsylvania when he
w’as the state s insurance commis
sioner and thinks deposit plans
should be outlawed everywhere.
sity insurance professor and author
of “Life Insurance: A Consumer s
Handbook,” said the sales pitches
used with such policies are decep
tive.
“In the sale of this type of policy,
emphasis is placed on the fact that
the policyholder will get back twice
the amount of his deposit if he keeps
up the policy for 10 full years,
Belth said. “This return is described
as a*7.2 per cent rate of return on
the deposit. In my opinion, the use
of this method of presentation eon-
stitues a deceptive sales practice.
Frank McCormick of San Rafael,
Calif., vice president of Firemen’s
Fund American, said his company
developed its modified premium
plan to provide higher value prod
ucts to consumers and combat infla
tion.
“The policy by its structure. re
quires an extraordinary penalty for
buyers who discontinue their
policies, Denenberg said.
Joseph M. Belth, Indiana Univer-
MeCormiek said his firm has had
no substantive complaints about
such policies except that “an agent
may not make as much commission
as with our traditional life insurance
policies.
"We cannot sit idly by and allow'
an interest group to decide how and
what consumers may buy, ’
McCormick said.
Moebius-Makers Needed
Moebius literary magazine needs people to help
put it together. This includes a prose editor, a
poetry editor and staff for: prose, poetry, arts, busi
ness and layout.
Interested?
Go by Room 216 of the MSC and apply at the
secretaries’ desk.
We need you.
— Sponsored by the Arts Committee
EC®
SEARCH
111 ^
CCILILIEeilAYlE
TAIL IE NT
THE TAMU
TALENT
SHOW
DO YOU HAVE
YOUR TICKETS
YET?
Wed. Oct. 5 8:00 Rudder Theater $1
Another MSC Sponsored Event
Now Better Than Ever. You Will Be Pleased With
These Carefully Prepared and Taste Tempting Foods.
Each Daily Special Only $1.59 Plus Tax.
“Open Daily’’
Dining: 11 A.M. to 1:30 P.M. — 4:00 P.M. to 7:00 P.M.
MONDAY EVENING
SPECIAL
Salisbury Steak
with
Mushroom Gravy
Whipped Potatoes
Your Choice of
One Vegetable
Roll or Corn Bread and Butter
Coffee or Tea
TUESDAY EVENING
SPECIAL
Mexican Fiesta
Dinner
Two Cheese and
Onion Enchiladas
w/chili
Mexican Rice
Patio Style Pinto Beans
Tostadas
Coffee or Tea
One Corn Bread and Butter
WEDNESDAY
EVENING SPECIAL
Chicken Fried Beef
Steak w/cream
Gravy
Whipped Potatoes and
Choice of one other
Vegetable
Roll or Corn Bread and Butter
Coffee or Tea
THURSDAY EVENING SPECIAL
Italian Candle Light Spaghetti Dinner
SERVED WITH SPICED MEAT BALLS AND SAUCE
Parmesan Cheese - Tossed Green Salad
Choice of Salad Dressing - Hot Garlic Bread
Tea or Coffee
FRIDAY EVENING
SPECIAL
BREADED FISH
FILET w/TARTAR
SAUCE
Cole Slaw
Hush Puppies
Choice of one
vegetable
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NOON and EVENING
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“Yankee Pot Roast
Texas Style”
Tossed Salad
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Futuristic craze
United Press International
DALLAS — The craze for the
futuristic, caused by the popularity
of the movie “Star Wars,” caught
toy makers off guard and the strug
gle to produce related toys by
Christmas may separate the winners
from the losers in a very competitive
business.
“Star Wars” came too late for toy
makers’ normal Christmas prepa
rations. But, a large part of the new
toys displayed at the fall Toy Show
at Market Center are taken from the
“Star Wars” theme. Toy makers are
having to hustle production to
capitalize on the movie’s popularity.
It is the spring toy show, held in
March, that provides toys for
Christmas. The fall show usually
displays toys for the coming spring
and summer.
Yet in booth after booth, “Star
Wars’-style toys were on display.
Many were being promised for de
livery for the Christmas market de
spite what most manufacturers said
was at least a six- to eight-month
period between a toy’s conception
and its appearance on retail shelves.
The acceleration of manufacturing
schedules, however, did not arise
from a leap into the future but a re
turn to the past.
Many of the “new’ space toys
were simply revamped toys from
earlier seasons.
Woman says son
taught hy television^
Kenner, which won the use of the
“Star Wars name, will have puz
zles, board games and a space-age
toothbrush ready for Christmas de
livery. But their action figures will
not make it in time.
Maxtron representatives said they
were “hopelessly” oversold on their
sonieally controlled “Starship that
changes direction at the clap of a
hand.
Eseo Imports of Texas offered a
series of wind-up robots, complete
with ray gun sparklers, and Craft
Master had produced a eolor-your-
own “Star Wars’ poster.
Earlier “Star Trek -based toys
were expected to cash in on the
space craze, several representatives
said, as was Mattel s new “Shogun
Warrior,” a futuristic plastic figure
that hurls space-age swords.
United Press International
MIAMI — Ronny Zamora s
mother says television taught her
son how to speak English. Ronny s
lawyer says it taught him how to kill.
Yolanda Zamora took the stand in
her 15-year-old son’s murder trial
Monday and said the boy spoke only
Spanish when he came to America
10 years ago.
“He learned English watching
TV,” said Mrs. Zamora, who con
tinues her testimony today, from
the time he got up in the morning
until the time we went to sleep.
Zamora is charged with killing a
neighbor, Elinor Haggart, 82, dur
ing a robbery June 4. His attorney,
Ellis Rubin, contends the youth was
a victim of “TV intoxication” and
could not distinguish between the
fantasy of television violence and
the reality of his actions at the time
of the shooting.
The trial itself is being televised
DiRri ro
CT0RYF
semeste
'after no
infers. Dire
under a year-long experiment
the Florida Supreme Court.
Mrs. Zamora said, before startii
school, her son stayed home
watched television while she ai
her husband worked. His favoril
program when he was younger
Superman.
"He was just crazy about Supeil lieacademil
man,” she said. "He draped a towi
around his neck and asked my hi
band to open the window so
could jump out. I tried to tell him
was not true.”
He graduated to “Kojak,” whicl
Mrs. Zamora said he never missi
and liked it so much he wanted
stepfather to shave his head I
actor Telly Savalas. Rubin sail
Savalas, subpoenaed by the
fense, is scheduled to appear W
nesday.
Mrs. Zamora also said her
would mimic the way actors hel
their pistols.
AGC.IKLU
■book fees
iemester in
ter no ref
■ders. Yearl
academic
Texas A&M University
Airline still uses Love)
hopes 6-year fight ovei
Opera & Performing Arts Society
Tickets
Available
MSC Box Office
845-2916
Zone 1
Regular
A&M
Student
Zone 2
Regular
A&M
Student
Regular
A&M
Student
Zone 3
Tuesday, October
18, 1977 8:15 p.m.
Rudder Auditorium
:T-i .P M i t iH A R M O Kl l A HUNGARlQA^i^
Conducted by ZOLTAN ROSNAY: : : : : : : : : :
Texas A&M University
Town Hall presents
SPECIAL ATTRACTION #2
jobber
Book and Lyrics by
ALFRED UHRV
room
SPARKLING! UNUSUAL! STYLISH!
FAMILY FUN!” — Clive Barnes, NY. Times
a foot-stompin’ musical!
Music by
ROBERT WALDMAN
Based upon the Novella by
EUDORAWELTY
Directed by
BARRY BOSTWICK
Tuesday, October 25, 1977
8:15 p.m. Rudder Auditorium
*
Tickets
A&M Student/
Date
General Public
Zone 1
Zone 2
Zone 3
4.75
3.50
2.25
6.00
4.75
3.50
All seats are reserved
Tickets and information:
MSC Box Office 845-2916
United Press International
DALLAS — The president of
Southwest Airlines said Monday the
Supreme Court’s decision not to
hear a dispute between his company
and other commercial airlines
should end the six-year controversy
over the airline’s use of Dallas Love
Field.
"The U.S Supreme Court action
in upholding the decision of the 5th
Circuit Court of Appeals in the sec
ond go-round of the Love Field ease
should dispose of that issue for all
time,” said M. Lamar Muse, who
heads the intrastate airline.
“The Civil Aeronautics Board
(CAB) carriers brought out their
biggest guns for this appeal to the
U.S. Supreme Court and the court
ruled against them only 15 days
alter final briefs were filed with that
court,” he said.
"This action represents the first
day in the history of Southwest Air
lines that we have been completely
out of the courthouse.”
The dispute began with a 1964
CAB order requiring Dallas and
Fort Worth to designate a single
airport for CAB-approved service in
the region.
The cities agreed to build the new
Dallas-Forth Worth Regional Air
port midway between them and
adopted an ordinance in 1968
providing for a phaseout of commer
cial passenger air service at Love
Field.
In 1970, eight air lines certified
hy the CAB signed letter agree
ments with the regional airport
board agreeing to move all their
services to the new airport.
However, in 1971 Southwest
began intrastate flights from Love
Field under a certificate issued by
the Texas Aeronautics Commission
authorizing it to provide commercial
service from any airport in the area.
The cities and the airport board
went to court, but a U.S. District
Court judge decided they could
not lawfully exclude Southwest
from using the airfield so long as it
remained open. The 5th Circuit af
firmed the decision.
Dallas then passed a criminal or
dinance levying a $200 fine for each
takeoff or landing at Love Field
an airplane of a certified airline. Bi
Southwest obtained an injunction
federal court. Ilmaturegir
In this latest suit on the issne|il of anim
CAB-certified airlines which sigm
letter agreements to move
Dallas-Fort Worth sought to bit
Southwest’s Continued service
Love Field, which is more com
nient for Dallas passengers.
The District Court grant
Southwest a preliminary injunctii
against relitigation of issues alreat
decided in earlier actions, and tl
5th Circuit Court affirmed that
■time po
lation Sei
409 V
Affi
Equal Of
Southwest charged that the lanlaranteed s
suit by the other carriers amountdp-1791 or 8
to "harassment. It said administi
tive and court decisions so farhav
cost it more than $2.5 million i«|
legal fees.
Deadline neai
for Rhodes
applicants
Ke
Ste
\cceptir
Stai
$2
Appl
1803
H
ousew
ents ni
Texas A6cM University; senior
and near-seniors have little more
than a week to apply as a Rhodes |g|p
Scholar, said Dr. Paul Van Riper
Rhodes campus representative ano
member of the political science fac
ulty.
Deadline for students to submit
their names is next Wednesday
The process is carried out by con
tacting Van Riper in room 120 o
Bolton Hall between 10 a.m. and
p.m. or by making an appointment ryan
through the political science de
partment.
Candidates must he unmarried
American citizens aged 18-24. ^
grade point ratio of 3.7 or better and
■ord of outside achievement art iqbsonsh
desirable, Van Riper said.
The two-year scholarships to Ox
ford University cover tuition, some
travel aid and a living allowance
equal to approximately $3,500 an
nuall
101 Texas
Equal 0pp<
M
NPerience
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Welcome aboard rum swizzle party
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24