The Dickinson press., 1906-09-01
ABSTRACT OF sTATEMEMT FOR TIL

o-A-OI .. w. Gnnl0, noK1RteTs
ABSTRACT OF STATEMENT FOR THE
YEAR ENDING DECEMBER 81, 1905.
western Fire & Marine Insurance Company
of Grand Forks, North Dakota, organized
under the laws of the state of North Dakota,
made to the commissioner of insurance {: the
laws Of said state.
President, c. F. Sims.
Vice presidents, Alvin Robertson and w.
Secretary, Otto O.. Tollefson.
Principal business Office, Minneapolis,
Home office, Clifford building, Grand
Attorney for service in the state of North
Dakota:
Name, Commissioner Of Insurance.
Location, Bismarck. N. D..
Organized or incorporated, May 2, 1899.
Commenced business, May 2, 1899.
CAPITAL.
Amount of capital stock paid
up in full ................ 200, 100000
ASSETS.
Value of real estate owned by
the company ............. 25, 900. 90
Loans on bonds and mortgages 3O5, AIS. "a
Cash on hand and in bank. 1873 500. 70
Interest due and accrued 80. S,S21.4 3
Premiums in course of collec-
ton and transmission ..... 20, 5ss. 90
Rents due and accrued ...... 90 90
Unidentified assets ......... $3.50. 65
Total assets :.:...:..:.. $ 4e7, 225.1s
Gross claims for losses ad-
justed and unpaid ........ LISA. 97
Gross claims for losses upon
which no action has been
taken .......... ......... 3,357.O5
Total gross amount of claims
tor losses ............... 5,140. O2
Deduct reinsurance and salv-
age claims thereon ....... $40. 90
Net amount of unpaid losses S 4,320. o.
Amount of ui1earned premiums
on all outstanding risks 81. 119, 534.1s
Total liabilities :........ $ 1913, $500
Premiums received during the
Interest and dividends received ~
during the year ............ 1s,4s1.e IS
Rents received during the year 4,370.O 3
Furniture and fixtures sold %. 246. 90
Discount loss drafts ........ 714.57
Amount received from all other
sources: Home Office agency
commissions ....... ...... . 1,6S1.3 80
l0'@' Feee' DISBURSEMENTS! S's '''''71
Losses paid during the year. 81, 767. s5
Paid for commissions and bro.
Paid for salaries, fees and ''
other charges ............. 80, 1os. 81
Pald tor taxes .....:....:.: 697.7 II
niture and fixtures, ST.
Travelling expenses. .s7,ss4.os; s'0S'''o
legal, S ,35s.20; insurance
department fees, ETC., ST.. :,
Amount Of all other .disburse. A1'
ments ........ ...."..... s,soo.s 81
Total disbursements S slo, 1es. 10
NORTH DAKOTA BUSINESS.
Total risks taken during the y a )
year .......... .....-..:.. SIS, 774, 1S3. 90
Total premiums received dur.
Total 'i losses s'' incurred during 100 4'o'74
ro shi y ymaunt of ,o:::: ~; 4o'457.so
sr sS5'Rs OF 5Fe M Yin + A,04e's7
COUNTY OF HENNEP1N.
w. A. Laidlaw, second vice president. and
Otto o. Tollefson, secretary of the North
western Fire & Marine Insurance Company,
ct Grand Forks, N. D., being duly sworn,
aepose and say, that the foregoing is a cor
that the said insurance company has a paid
up capital stock of at least Two Hundred
thousand Dollars, in available cash assets,
over and above all liabilities for claims re.
ported, expenses and taxes, and that thew are
the above described officers of said insurance
SouHPdHy.
w orro o. To15Ersos,
Second Vice President. 'A"
Subscribed and sworn to before me this
goth day of January 1905;
Notary Public, Hennepin County. MINI.
My commission expires September 10, 1911,
STATE OF NORTH DAKOTA,
OFFICE OF COMMISSIONER OF INSURANCE..
F r Coooar oo,r::.... e -.---
OF the state of North Dakota, do hereby
certify that the foregoing is a true abstract
Office. $3.50
my hand and affixed the seal Of this office at
Bismarck the LIST day of August 4. D. 1905.
[sEAL] COMMISSIONS of Insurance,
STATE OF NORTH DAKOTA, .
OFFICE or COMMISSIONERS OF INsuRANcE.)
coMpANYIS rGE1RT1E5cATE OF
Whereas, The Northwestern Fire & Marine
Insurance Company of Grand Forks, N. d.,
a corporation organized under the laws of
North Dakota. has filed in this office a sworn
statement exhibiting its condition and business
formable to the requirements of the insur-
ance laws of this state, regulating the bust
ness of insurance, and,
Whereas, The said company has filed in
this office a duly certified copy of its charter
with certificate of organization in compliance
with the requirement of the insurance laws
Now, therefore, I, E. c. Cooper, COM
Dakota: pursuant to the provisions of said
laws, do hereby certify that the above named
company is fully empowered, through its au-
business Of hail, fire and tornado insurance
in this state according. to the laws thereof,
until the s1st day of December, A. D.. 1906.
In testimony whereof. I have hereunto set
of February, A d. 1905. =
[sEAL] Commissioner of Insurance.