The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-02-17
AAH III IN Il FRED C. SAMMIS, Manager
a4HE@n% e
I'd Bull
INSURANCE REAL 1 &2$&$@ 4,,e< ,,,..

This company will pay over a hun
bred thousand dollars in the Baltf-
more fire and still have Il net surplus
of over six hundred thousand.
BRITISH AMERICA ASSURANCE COMPANY.
menced business in the United States, 1s74.)
How. Geo. A. Cox, president; P. H: Sims, secre-
tary Attorney to accept service in Minnesota:
Insurance Commissioner. Deposit capital, $780,
900.
Premiums other than perpetuals.. S1,510, 3s86 S
Rents and interest ............. 37,S5S16
Total income .............. s1,547 1864
Amount paid for losses ...:..... ss71 ,o45.7s
Returned to home office 7O924. AZ
Commissions and brokerage $3.50. 27S 645.17
agents and employees ......... e4,7so.41
Taxes, fees and rents ........... 42,1S1 %
All other disbursements Ill, O3S.31
Total disbursements ........ s1,4ss, 1916. s5
Excess Of income over disburse-
menus ASSETS DEC. 81, 1903 A'9' A4A'4'
Bonds and stocks owned ....'.... 1,o4o, e1e.1e
Cash in office and in bank 169,720.7l
Accrued interest and rents ..... II, S33. 20
Premiums in course of collection. 2o4, 1874. 10
Total admitted assets ...... 81, 427, 3O4 SO
LIABILITIES DEC 81, 1903.
Unpaid losses and claims $500. 500, 1856. ID
Reinsurance reserve ............. $40, 771.77
Total liabilities including
capital .................... $3.50, ss7. 81
RISKS AND PREMIUMs, 1903 BUSINESS $50
year .................. .s122, sos, se5. 90
Premiums received thereon ~ l. 653 294 90
Marine and inland risks written
during the year ............... IS, 500, o72. 90
Premiums received thereon $3.50. 800, 75S. 90
Net amount in force at end of
the year 1873, 7o7, ses 90
BUSINESS IN MINNESOTA IN 1903
Fire risks written ............. 81, $50, 919. 90
Fire premiums received ......... 81. 331 90
Fire losses paid ................. IL. $3.50. 90
Fire losses incurred ............ 1313SOO
Amount at risk, fire ........... 1872 O7O. 90
Inland risks written ............ 1,6l4, 544 90
Inland premiums received 10 63S 90
Inland losses paid .............. 5025OO
Inland losses incurred .......... 5O25.OO
Aggregate risks written S471 463 90
| Aggregate premiums received -. $4,000 90
Aggregate losses paid ..~s.....,.. 164140
| Aggregate losses incurred ....... 1S163OO
Aggregate amount at risk ....... 2,972,O7O. 90
! STATE OF MINNESOTA
| Department of Insurance
| Where the British America Assurance Com
| pany, a corporation organized under the laws of
Canada has fully complied with the provisions
of the laws of this state relative to the admis.
sion and authorization of insurance companies of
| It's class.
! Now, therefore, I, the undersigned, Insurance
| Commissioners, do hereby empower and authorize
| the said aboye-named company to transact it's
appropriate business of fire and marine insur-
ance IN the State OF Minnesota, according to the
| laws thereof, until the 31st day of January A.
D. 1905 unless said authority be revoked or
| otherwise legally terminated prior thereto
In testimony whereof, I have hereunto set my
hand and affixed my official seal at st. Paul
this Both day of January, A. d. 1904.
| ELMER H. DEARTH,
| insurance Commissioners.