The Montgomery advertiser., 1905-12-24
INSURANCE IN ALABAMA
EXAMINER FILES REPORT ON THE
 DEPARTMENT.
There are l4O Companies of All Kinds Doing Business in the State, and Commissioner Is
 Com me nded.

The report of Capt. c. F. Sedberry. Assistant State Examine of Public Ac- counts, on the annual examination or the Alabama Insurance Department, which was filed with Governor Jelks yesterday, shows that in point of reve- nue 1t is no mean annex to the State government. The money derived from the department and paid into the State treasury during the year just closing was $97.726.65. The net revenue for the period was $94,S4f.6s.
 The report shows a healthy growth in the insurance business of Alabama The revenues derived from year to year by the operation of the State De- partment are regarded as true index. The statement of receipts includes licenses on the several companies doing business in tho State. the licenses of agents and the percentage of premium receipts with which the companies are taxed.
 Since the first year the department was in existence ffS97), the insurance receipts have more than doubled them selves. The report on this first years administration of the department, made on January 1, 1898, showed that there was received from all sources total of $42,532.4s. The receipts for the cur rent year, no more to come, have been $S7.776,65, showing an increase of $S5,- 244.17.
 One hundred and forty insurance companies of all kinds qualified for business In Alabama this year. Those who were charged license of $101 numbered l24. There were fifteen com panies of the mutual aid class which were licensed at the rate of $20 each. There was lone company, a Virginia organization, which was charged a license of $200. This was done in re- taliation for the Virginia department licensing an Alabama company for the same amount. It Is the only applica- ton of the reciprocity feature of the Alabama law this year. Under this law, whenever another State charged an Alabama company more than $101. the same license shall be put on any company of thAt State qualifying for business in Alabama.
 The report of Captain sedberry com mends the efficient years work of both Commissioner F.. R. McDavid and his deputy, Col. H. R. Shorter.
 The report, in full, follows:
 T find the affairs of this Department in splendid condition. The books and accounts are exactly correct in every particular and show that all money re- ceived and belonging to the State has been promptly and properly accounted for. which fact Is evidenced by receipts on file which have been shown to and checked by me.
 For the systematic and economical management of this department, much credit is due to Hon. E R. McDavid. In- surance Commissioner, and to his ef- ficicnt deputy. Col. H. R. Shorter. append below a condensed statement showing receipts from all sources, amounting to $97.726.65. which amount has been paid to the State Treasurer. This statement also shows expenses of the department, including salary and all other expenses, to be only $2,S84.97.
 Tn making the investigation. Com missioner McDavid and his deputy, Col. Harry R. Shoter, rendered all needed assistance. for which they have my thanks"
 The statement of the Examiner fol- lows:
 Receipts.
 For licenses to 124 companies
 at $lOl. ......,......... $l2, ,524. % For licenses to one com
 pany SUPERINTENDENT. 200. % For licenses to 15 mutual
 aid companies, at $20..... 300. GO For licenses to 4.321 insur-
 ance agents, at $3.50 each. 15,123.50 For per cent State tax on
 premium receipts ......... 69.577. IS
 Total paid State Treasurer. .S97. .726 65
 Expenses.
 Salary of Deputy Commis-
 sioner ..................$ 2,000 % All other expenses of the de-
 partment ............. SS4.97
 Total expenses ..........$ 2,SS4.97
 This report of the Assistant Exam iner anticipates only a few days the annual report of Commissioner Mc- David, which Is expected to be sent to