Bismarck weekly tribune. [volume] (Bismarck, Dakota [N.D.]) 1884-1943, 1891-01-09
Totals. s2l, el5, 54G 81 s2B2 1852 06

~ IL 1SoulIo vi liz
table for the year 1889 as compared with
the amount of business done for a like pc
ROO III the territory as a whole would in.
dictate that the business done has more
than come up to the standard in the
amount of insurance business done in that
part OF the territory now known as North
Dakota.
COMPANIES AUTHORIZED TO DO BUSINESS
IN X DAKOTA SINCE THE FIRST OF
JANUARY, 1890.
During the year there have been 100
companies authorized to do business in
North Dakota, classified as follows: Fifty
nine foreign fire insurance companies. of
which fifty seven have a paid up capital,
and two mutual companies; one
North Dakota fire company; four North
Dakota hail companies; two foreign hail
companies; one plate glass and one steam
boiler company.
There has been but one failure of a com
nan,y doing business in this state. the Mu-
tual Fire of Chicago. which withdrew
from the state on being notified that the
insurance department of North Dakota
wished to make an examination of the
company. LsGer in the year they made an
assignment.
TOTAL BUSINESS OF ALL COMPANIES AU-
r-' THoRlZED TO DO BUSINESS IN NORTH
DAKOTA.
The total admitted assets of fire lnsur-
~" ~ kot ~ Nv Wv "a v
ment December 81, 1889, is S133 1926, 1872. IA;
total liabilities, S62,bl4. 534 IL. Total in
Come - premiums. $67 1858, 759.4 40: other
sources, $5.527.1 97 .16. Total expenditures
losses, $52. 1923, 578 As; commissions, $12,-
63S 4233.Q 2; salaries. 81 1924, 776 49,; dividends,
$$S,762,OS9; other expenditures, vt, 526, 1866 26.
NORTH AKoTA FIRE.
Total assets, Sloo,29O.2l; total liabilities,
$l5O. Total incOme-prtmiums, 1904; other
onInr0nG n - 800. &,..~
$$S46.84; other expenditures, $138.56.
oRT DAKOTA HAIL COMPANIES.
Total assets. 81, 1853 81; total liabilities,
other sources, Sl.502.77. Expenditures
losses, $579.69; commissions, $1.22o. 70; sal
aries, SlOO; other expenses, $6l3 TO.
SOUTH DAKOTA HAIL COMPANIES.
Total assets. $68,587 IL; total liabilities.
$l8,67l.l6. Total income-premiumS, $685.
S25.98; other sources, %. 5S8 81. Total eX-
pendltureS-lOSSeS. $50, 355. "a; commissions,
$22,2S4.47; salaries, $3.50; dividends, S.
22O.SS: other expenses, $17,853.26.
LIFE COMPANIES.
Total assets, $685. 85 .74 OF; total liabili-
ties, $485, 062, 1000. neutrality-suspicious.,
$ll5,6l2.2l5; other sources, 1888, 148, 755. so.
Total OBSERVATION-DISCLOSURES, $4S,0S4.46b. 81;
commissions, 1851 ,739. IS; salaries, 49,
622,490.51; dividends, Sl3,579 1889; other
expenditures, $16 1872, 1894.
STEAM OIL INSPECTION AND 1NsUR-
4. ANCE COMPANY.
~ Total assets, 81 ,343, 9O5. 50; total liabili-
kies, $778367.lS; total income-premiums,
kS568 $780, 8; other sources, $66. O84 .66; total
Rexpenditure-l0sses, SAL, 909.05: commits
sions, Sl48, 780.27; salaries, 1924, 4O2 81; divi-
dends, $4,000. co.; other expenditures, $297,-
$685. 9
PLATE GLASS INSURANCE COMPANY.
Total assets, $402, 642. O5; total liabilities,
S2lO ,294.06; total income-prrmiums, $780,
1880; other sources. $9,7S1 %; total ex-
sions. $$74.S67 Is; salaries, $50, 1858 divi-
dends.' $12,OOO.0O; other expenses, &c..
$7O7.4
ORGANIZATION OF COMPANIES.
North Dakota has but one fire insurance
Company, the Phoenix insurance company
of North Dakota. organized with a paid
up capital of 100000. During the year
that l have had charge Of the insurance
department several applications have been
made for the organization of fire companies.
/ have been very careful in the matter of
organization of new companies to insist
upon a full compliance with the laws of the
statte, and as a consequence have not or.
ggss@z4lized any fire companies.
E#EwO hail companies have been organized
fSEIn6 FARMERS MUTUAL Protective aSSOci.
&GiOn OF Grand Forks, organized under sec.
/ ton 8, chapter SO, laws OF 1889, and the
Northwestern Scandinavian Farmers Mu.
tual Fire and Hail Insurance company, OF
Grand Forks, organized under chapter ~
laws of 1887, as amended in chapter n
1890. This company is authorized to do q
fire and hail business in the counties of
Grand Forks, Pembina, Walsh, Trail and
Cass. There are but few comfy mutual
companies that do not under the law re-
port to the insurance department.
LEGISLATION.
The commissions particularly recon.
mends a revision of the hail insurance law
AS the law now stands the proper adjust.
" ment and payment of claims depends
entirely upon the integrity OF the associa.
ton. He recommends the adoption OF
suitable Insurance laws governing life and
assessment companies. There is now nc
law directly governing life and assessment
u companies. The legislature of 1889 amend
ed the insurance laws, making them more
general. z
section 3O53 Compiled Laws says sEyery
insurance company doing business in this
s state must transmit to the commissioner Of
EfLAH ~ OBSERVATION-DISCLOSURES