Before Monopoly Committee. Washington, D.C., Feb. 16. Charles D. Hilles, Director of the New York Life Insurance Company, and also Resident Agent for the Employer Liability Assurance Corp., today explained to the Monopoly Committee investigating insurance setups the relations between the two companies. When questioned Hilles admitted that business had increased materially for the Assurance Corp., since he became a member of the New York Life board. He told the committee that nearly 5000 pieces of New York Life property are covered by the assurance company, 2-16-39