Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1892-07-07
VT. INSURANCE COMMISSIONERS.
Their Annual Report to the Governor
The Endowment Craze.

The Endowment Craze.
The insurance commissioners have sub
mitted the following report to Governor
Page;
To His E,ccclteucM the Gorernor of the
State of Vermont
The secretary of State and State treas
urer, acting MS insurance commissioners
have the honor 10 present herewith, as re-
qured by law, a report in detail, showing
the condition OF the several insurance COM
panies organized under the laws Of this
State, and those of other States and coun-
tries authorized to do business in Vermont
for the year ending Dec II, 1891.
The commissioners have personally visit
ed all of the Vermont companies during the
year ending March 81, 1892, and found their
financial condition as stated in the annual
statements of companies.
The number of Vermont companies or
ganizcd and doing business is FIVE two life
and three fire, the Atlas Guarantee COM
pany, chartered by the State, maintaining
its organization, but not transacting any
business in the State.
The insurance companies organized under
the laws Of other States and countries Ii
censed 70 do business in Vermont tor the in
surance year ending March 81, 1892 num-
hered 81, divided as follows: Fire com
panies 81; life, %; assessment life, G, and
miscellaneous, Ii.
ne to'oNins s.'o .n'u' e IoHpa', 49,
nave "i'uNi "a :" " - o'I 'Ne '''ato uu'
IeAi, va, ue ma, HSI ~ ~
DIX, inc l+'per'y Vi .'G" o'N 'u'
tune ire anu .lniiHe "a Dosyoh IT -H''s Wv. WV
eop'e - i Th fu w.
queen Vi p'p-' - " =.
rei"sureu us i.."' III 'He i4oo ~
oIA "uu 'ne @,eP'uuo n 90 IA ID
foFiuon " usu'nS'on u .1 ~
~ WINE ie'nS VI me- u 81 ,-'oNU I'A. ~
tne herman ALleiIcnn, iToP'o anu V iooi
mas oeen eIec1eu NANNY 'li 0'Sn 'n0 io0''
aBeucies III otue' coiA p"n.e''
lne 'oi'o"'ns 'o'i4 o"T ~
n'irteu W lue H'"'o 9inop - VIZ, t.n
fFe COM Pauies "e !" u 11a'
cues'e!' s'"uH Ia! '"S ''1 D
- amen 'o' 49, q. i.,' - a. W.
iano' gu Pan1 u ,N''i04 ' ". n
ci'yi 'ue Ani"e wa ~ W.
Mass' anu ."v D'i'iSn Aiiie' ic"n a.
company Oh toronto Nauuua' Vue sims in9-
SION oi 'ne '"o insv '"o O0INt'' ~ N"''
from AprH i !0oI' ,,
L,le coin n' -u''NA'''AN u AVG"
YORK CITY,
some A'u assoc'aI'oii VI Cnioueo, Ia
MisceAaneou2-4H e -'e" i"te
6iass insurance company ol Ne" 9TH
III 'ne sPr'ng Oh io'4 'uS sooaleu eli,
uo"ineht anu pohu cra%e' eoneeiFeu anu
| existing ia Tue auJaVeh' "'a.e' VI -'e"
halnpsn"e anu Al"sSaeu uso''' unu''
statutes Authorizing Tue ia,iuclous business,
hau crossed 'ue DoruerS Oh lhese 1'a'es anu
several representatives, OIL It's ue!usNe prlh
ciples were ASKING lor admission w oui
state beileVing tnat Ine sunehes oi 'He9'
coinpan'es "ere ihorA"y WINS auu iIHVn-
elnaticalIy iHPossio'e "a eAeeu'ion' "' Vu'
recent co"apoe Oh over ~ III -iAssacnusotl'
mas clearly uelhonstra'eu, anu W secure tnS
proteouon Oh the class Oh innaDlVanus Oh tHt
state from "hom tney were eSpeciniiy
seeking patronage ana supper" tue com
mlssionerS reached the conclusion IhaO our
insurance laws auuli''eu oi sucn eon'
structlon as 10 prIhB 1uoh uhuer Vn'
same regulations ana restriotions 40 govern
the admission and business OK the olu-hne
NE, ana assessment Iite inpanles' lneI
therefore ISSUED Aprii u 1851 o'rcu'a'
from when Tue iollo"lhs Is an eA'rao''
III VIII DC observed 'u"v 'ne language Oh
the statute brings every company aSso'
citation OF society under eho oohtroi an'
supervision OF TINS department. anu th
commissioners desire heFeoy 10 give houc