NBC Evening News for Friday, Apr 22, 1977
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(Studio) Colorado insurance company goes broke. Wants policy holders to pay its bills.
REPORTER: John Chancellor
(Denver, Colorado) Mfrs. and Wsler's. Indemnity Exchange Company used to be located in Denver, Colorado. [Ins. commissioner J. Richard BARNES - explains why company went broke.] Clause in policies makes policy holder liable for company's debts. [Floyd WILLIAMS - says assessment will set him back 3 mos. in his earnings.] Clause in fine print blamed.
REPORTER: Eric Burns
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