Bismarck weekly tribune. [volume] (Bismarck, Dakota [N.D.]) 1884-1943, 1900-03-09
INSURANCE FIGURES.
Insurance Commissioner Harrison Pays
Over $4,000 in Fees and Taxes
to the State.
Figures from the Preliminary Report Of
the Commissioner, Showing 1899
Business.

xxuIIlSOA
has turned into the state treasury the
sum of $40, OOO. fees and taxes collected
from insurance companies in the past
year. The receipts OF tax from tile
Insurance companies is u considerable
figure Of the states receipts and the
sum goes to increase the general fund
OF the state to an extent which. with
the tax collections from counties, puts
it on financial easy street.
The insurance commissioner has also
filed a preliminary report of the bus
mess done by the insurance COM
panies in the state during the year
1899. The report shows that there
have been collected by the various fire,
life, accident and other companies
doing business in the state the sum Of
$1,;3O2. 8 30 in premiums alone. on
which the state receives through the
insurance commissioners office $3322,-
o69.G3 in taxes, the state law providing
for a taxi Of . per cent on gross prem
iums in the state.
Several years ago, after the big fire
at Fargo, Z number of the larger COM
panies' withdrew from the state. These
companies have all returned, finding
business in the state profitable, and in
addition Il number OF new companies
have entered the state for the trans
action of business. The business of
The office under the present insurance
commissioner has been well and care
fully conducted and the state reaps
the benefit from the administration
OF the insurance affairs.
The following abstract of the bus
mess done in the insurance line in the
state is taken from the preliminary
report OF the commissioner:
The business done by North Dakota
mutual fire ana hail insurance COM
plnies is as follows:
Total risks written during
5 s ........ ....... 81 ,j222,G13 90
Losses incurred ........ 105, 749. $50
Losses palu ............ 6l.SlO.G5
: The mutual companies suffered Sc
verely from the destructive hail storms
tnat swept the state last summer, and
two of them. the Western Mutual Of
Fessen ell and the Red River Valley
Mutual Of Wahpeton have been closed
up by the commissioner and receivers
appointed for them.
The following is the business done
by the miscellaneous companies in the
state, casualty, plate glass, etc.
Total risks written in
1889 ....... ........ $5,O1S, 742 3
Premiums reported .... 3 ia. 3S
Losses incurred ....... 1O,412. 81
Losses paid ............ 9,14S. 46
The following is an abstract OF the
business OF the fixed permium life in
surance companies:
Total policies and amount
in force Dec. 81, 1898. ST., 8 III so
Total policies issued dur
lnS. lS0o ...... ...... ~, 90
Total ceasing to be in
force, 1850 .......... ,326,247. 90
Life insurance in force
Dec. 81, 1899 ........ 1923, 1863. 80
Premiums reported, 1899. . 8 %
Losses incurred ....... 56.35S. 90
Losses paid .......... 74,711. 81
The assessment life companies re-
port the following business:
Total policies in force
Dec. 81, 1898 ........ 1885, 500. 90
Total issued in $780,. Dos, 500. 90
Total ceasing to be in
force ........ ....... 1900. 90
Total i'll force Dec. ii,
1899 ........ ........ 1887, BOO. 90
Premiums reported 80. 1896. 90
Losses incurred ....... $4,000. 60
Losses paid .......... 25.00O. 90
Following is the summary of the
fire insurance business in the state:
Total risks written in
1883 ........ ...... $50 SAG, 800. So
Total premiums reported 753,492 so
Losses incurred ....... 569,437.9 81
Losses paid ........... 571.6SO. Sc
The following new insurance COM
panieS have entered the state during
the year: Providence Washington OF
Rhode Island, North American Life
Assurance of Toronto, Sun Insurance
Company of London, Liverpool, Lon
don and Globe of New York. Boston
Insurance Company, Minnesota Mu-
tual Casualty of st. Paul and the
Ocean Accident of London.