The Hope pioneer. [volume] (Hope, N.D.) 1882-1964, 1906-08-30
ABSTRACT OF STATEMENT

ABSTRACT OF STATEMENT
For the Year Ending December 81. 1905,
OF the condition and affairs of the North
western Fire and Marine Insurance Com
pany of Grand Forks, North Dakota, or
ganized under the laws of the State Of
Of Insurance of the State of North Da-
kota, in pursuance of the laws of said
state.
President, c. F. Sims.
Vice Presidents, Alvin Robertson and
A.. w. Laidlaw.
Secretary, Otto O.. Tollefson.
Principal business office, Minneapolis,
Home Office. Grand Forks, N. D., Cliff
ford building.
Attorney for service in the State Of
North Dakota: Name, Commissioner Of
Insurance; location, Bismarck, N. D.
Organized or incorporated, May End,
Commenced business, May End, 1899.
CAPITAL.
Amount of capital paid up
ASSETS.
| Value of real estate owned
| by the company. .......... $25,OOO.OO
Loans on bonds and mort
| Cash on hand and in bank. 1860. 70
Interest due and accrued.... S,S2l.43
ton and transmission. 49,. 2o,53s.92
Rents due and accrued. ...... 1000
Unadmitted assets ........ $780, IS
Total assets ............... $4e7, 225.1s
LIABILITIES.
Gross claims for
losses adjusted and
e rnpa'd claims for ''S2'9'
losses upon which
no action has been
taken .............. 3,3o7.Oo
Total gross amount
of claims for
Deduct reinsura n C e
and salvage claims
thereon ............ oIo.VO
Net amount of I'M
paid losses ....... $4,32O.V1
Amount Of unearned pre-
miums on all outstanding
ClSkS 11o,oo1Ao
Total liabilities ............ $123, $500
RECEIPTS.
Premiums received during
the year in cash. ........... $2SS,O2z.V7
ceived during the year.. 1s,4s1.65
f year .e.o 4,37o.os
Furniture and fixtures sold. 246.OO
Discount loss drafts........ 7l4.57
Amount received from all
other sources, home office
agency commissions ....... 1,6S1.39
Total receipts ............ $s1s,515.71
DISBURSEMENTS.
Losses paid during the year. s91,7e7.s5
Paid for commissions and
I'll ro charges :... so,1os.s1
Paid for taxes. 697.77
Rent, $2,s9o.oo; printing and
advertising. $5,196.O3; fur
niture and fixtures, ST.
1872; travelling expenses,
$7,384.O8; legal, $1,35S.2O: in
s.. 294. so 2o,o7e.e3
bursements ...... s,3Oo.s7
Total disbursements ..... $21o, 1870
NORTH DAKOTA BUSINESS.
Total risks taken during the
year 9o,iIf'Aoo'VV
Total premiums received dur
Total losses incurred during
Total te y amount Of losses paid ~
during the year............ 4l,o4o.oI
STATE OF MINNESOTA,
County Of Hennepin-ss.
w, A. LaidlaW, Second Vice President,
and Otto o. Tollefson, Secretary of the
Northwestern Fire and Marine Insurance
Company, at Grand Forks, North Da-
kota, being duly sworn We T uepo snd ae corr satt
statement Of the affairs of said company.
thai the said Insurance Company mas a
paid up capital stock of at least Two
Hundred Thousand Dollars in available
cash assets, inclusive of stockholoers oD-
legations and over and above all liabll1tles
and that they are the above described
officers Of said Insurance Company.
w. A.. LAIDLAW,
Second Vice President.
Secretary.
Subscribed and swor 1ao to before me this
Seai.5 B.. w. CARPENTER,
nv commission expires Sept. 10. 1911.
STATE OF NORTH DAKOTA,
Ofice of Commissioners Of Insurance.)
I. E. c.. Cooper, Commissioner Of In
DO hereby certify that the foregoing is 2
true abstract Of the original statement
now on file in this office,
set my hand and affixed the seal of this
office at Bismarck the 1st day of August
A.; rl p; 1906. r. g COOPER.
Commissioner of Insurance.
STATE OF NORTH DAKOTA,
| Office of Commissioner Of Insurance.
Company's Certificate Of Authority.
Whereas, The Northwestern Fire and
Marine Insurance Company of Grand
pnder the N laws Tvs Of Z S SorR0l paRota. of has f1ed
in this office a sworn statement exhibit
ing its condition and business for the year
the requirements of the laws of this state
regulating the business of Insurance. and,
Whereas, The said company has fle1
charter, with certificate of organization.
In compliance with the requirement of the
Insurance laws aforesaid;
Now, therefore, /, E. G. Cooper, COM
missioner Of Insurance Of the State of
North Dakota, pursuant to the provisions
Of said laws. do hereby certify that the
cred, through it's authorized agents. to
transact its appropriate business of Hail,
Fire and Tornado Insurance in this state,
according to laws thereof, until the 31st
day of December, A.. d. 1908.
In testimony whereof, I have here
unto set my hand and seal at Bismarck,
this 14th day Of February, A. D. 1905.
(Seal.) E.. G. COOPER,