Bismarck weekly tribune. [volume] (Bismarck, Dakota [N.D.]) 1884-1943, 1891-01-09

insurance a statement OF its conditions
and business for the year ending IN the
preceding thirty-tirst day of December.
which shall be rendered on the first day Of
January in each year, or within one |
month thereafter" ETC.; and section 4100
Revised Laws of 1887 says "All
kinds of insurance are subject to the
provisions of this chapter" The older and
more reliable life insurance companies
prefer to enter the state under the general
imposed upon them, thel eby receiving the
projection of the insurance department,
while the less reliable companies are con-
stantly seeking to evade the law. Particu-
larly is this true uf the small assessment
companies, which without standing or re.
liability are working in every conceivable
manner to get into the state without COM
plying with the laws. Immediate and
stringent laws should be enacted govern.
ing such companies, in Justice to the relia
Bile companies which pay for state protec-
ton and the privilege of transacti,ig a
legitimate business, which no state can
dispense with.
In order to keep pace with other states,
a new form of annual statement should be
adopted for fire and marine insurance COM
panieS, also a special form forthe report to
This department Of companies doing a life
business. The forms both for fire and life
companies adopted by the national cOnven-
ton of insurance commissioners are rec
commended. This is particularly desirable
for life companies. as the form we AVE
now is very unsatisfactory, being an old
form and only adapted to the use OF fire in
surancc companies.
COMPANIES EXAMINED.
The following named fire companies
have been officially examined by the de-
partnent:
Burlington.. Burlington, Iowa
Minneapolis Mutual Fire. 100. minneapolis, Mini
st. raul Fire aud Ma'ine........St. Paul, Mimi
st. Paul German...............St. Paul, Mimi
Syndicate MInneapoIis
Traders Chicago, Ill
western sioux Clty, Iowa
TAXES.
The law provides that every insurance
company doing business in North Dakota,
except companies organized under the
laws Of the state, Shall pay to the state
treasurer as taxes two and Il half per pent.
of the gross amount OF premiums received
in the state. South Dakota companies
were exempt from paying this tax in
1890, for the reason that prior to
the division VI the territory of Da-
kota into the states of North and South
Dakota, these companies were home CON-
panies and were assessed and paid taxes
under the general revenue law. They will
however in the future be subject to the
same tax as all foreign companies.
The total amount of tax paid by the
various insurance companies for the year
1889 paid in lS90) was $40, 946 81.
ANT OF DEPARTMENT.
The business of the insurance depart
ment is extensive and important, and re-
quires a great amount of ca eful work.
1t is increasing very rapidly and will, in
my opinion, before the end Of another year,
have materially increased the clerical and
other duties of the Office. The %appropri-
alton for clerical work should be increased
at least 81 1000 per annum. The office
should be provided with a fire proof vault,
for the filing and safe keeping of insurance
documents which are Of great Importance
to the state.
The commissioner concludes: Il would
respectfully call particular attention to
these recommendations"
RECEIPTS OF TIE OFFICE.
Total tax on premiums for 1889
paid in 1890. ......... =. SO ,Q46 81
Fees on books Nov. l, $780,. GALS 10
Tax collected ............. .S10.948 81
Fees collected Nov. l, $780,. 5000 90
Balance, Nov. 1, 1SGO........... AS 10
Total. :. II. S91 81 II, 39l 81