Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1899-06-16

State Superintendent of Public Schools.
To the man interested in insurance in
the way of the life and miscellaneous
business, the second section of Commits
sioner S. w. Cars report for the year
1898, is a source of much knowledge. This
second section is a condensed form giving
the standing and the business of every
company that is doing a life or miscella-
neous business in the State of Maine.
According TO the report there is one
Maine life insurance company, y other
life insurance companies, % miscellaneous
companies two Maine assessment anu
seven assessment companies Of other
states. Beside these there are four Maine
fraternal benefit companies, ana q fra
ternal benefit companies of other states.
First Of all comes the tables showing
the life and miscellaneous insurance busl-
ness transacted in Maine during the last
five years. This table shows that there
are now 80. 1873 level premium life policies
in force amounting to $56 605, S47.4l. This
is a gain of II 900 policies and $4,000, O0)
dollars in the five years. The gain IN
numbers from 1891 to 1888 was not 50 grea.
as the previous year. This also shows
that the premiums paid in this sort of In
surance during 1898 was 81, 965, 1887. Az
the same time the losses and claims paid
amounted to $Sl5, 1897 50.
OF the miscellaneous companies there
are now 81, 329, 547 worth Of policies In
force. a gain Of $500, 900 IN the past year.
The premiums paid in this class by thc
Maine people in the past year amounted
to 1874, s7S.2S. The losses and claims pai;
,;,l, a
the accident claims was $40 1888. The
premiums We're $4,000 larger, and the
losses $1,000 smaller, than in 1897
The showing made by the assessment
figures is not very good. Il shows that
in 1894 there were 4.40S policies in force,
with a face value Of S3l, 800 So. The losses
ana claims paid in that year were $3.50
l29 40 There were at the close of the
year 1895, but 1899 policies in force, with
face value Of $l1,6U9, 25l, decrease Of
nearly one-half in five years The pre-
miums received by the companies the past
wear by the assessment compahies
amounted to S1S3, 597i9, while the losses
and claims paid was liO413.7O. The busl-
ness done by the agents in securing new
policy holders during the year was prac-
ticalIy the same as that Of 1897, they Sc
curing 600 less, but with the same total
face value.
The fraternal benefit organizations IN
creased their business during 1898, though
each year finds them securing less and
less new members. In 1894 with a total or
81 l4S policy holders, they had secured dur
ing the year. $3.50 new policy holders Tina,
made the value of their policies SIG
IN thpV Maid
s3G3 Sll Is in claims and losses. The next
year was little better in the way OF
new policy holders, though enough
dropDed out to allow the tota! value to
decrease over 81, 900 900. The 1896 business
was good and they then had the creates.
number of policy holders. but for smaller
anounts 50 that the total amounted TO
bnt $40 600 900. At the same time the
losses paid rolled up little larger. me
1897 new business amounted to 3Sl5 new
policy holders amounting L" sf'llz'ioo. Al
tho same time the total number of policy
holders dropped TO $1,000 anu the totai
,.arua dropped two millions. The amount
received by the companies III that year
was s362 27gl1. The losses ana claims
maid amounted to S5il, 299.6l. In comparison
with that is the business Of 1873. 1he new
noIicv holders were 1868, amounting 10
e. 90 25O. A gain in the total number OF
nolicv holders was made so that there
yare n. l43. And there was also a gain In
liz total value of the policies making
The total $40, 2O6, l65. The premiums re-
oeived was 1884, 5SO.SS and the losses am
claims paid was s3sI.5ii22-
The summary of all the business done
- the above mentioned companies in the
nasf NE years shows interesting figures.
~ 1sa. there was a gain of 1888 policies.
amounting to $3i, 629. so. There were In
forca total of 81. 4o3 policies, amounting
- go, es5 6l7.S6. The claims paid were 81
$50, S45s4. -,-
| Compared with this is the business or
1908 In this year there were ls'O6 new
,oIicv holders added, amounting to A5,-
roo a,s "a The total number OF policy
elders was s9,O75, with total of VIA
%, os2 Al This shows more policies but
Co. smaller amounts than in 1891. The
| ~ paid to the companies IN iSsS,
p1,nrnd to 81. COS. 210SS while the claims
and losses paid by the companies 10 the
nnIicv holders, was 81, 3s3,s'9.oo.
| Tax Fees.