The Dickinson press., 1906-09-01
ABSTRACT OF STATEMENT FOR THE
YEAR ENDING DECEMBER 81. 1905.

ABSTRACT OF STATEMENT FOR THE
YEAR ENDING DECEMBER 81, 1905.
OF the condition and affairs of the Security
h Mn1aal Ne n ". ,ns olFanised c omas4 the ct laws n'n Of
the state OF New York, made to the COM
missioner of insurance of the state Of Moth
Dakota, i'll pursuance of the laws If said
state.
President, G. NJ. Turner.
Vice President. W.. G. Phelps.
Registrar. c. A. LaDue.
Principal Office, Binghamton, N. Y.
Attorney for service of process in the state
of North Dakota:
Name, Commissioner of Insurance.
Location, Bismarck.
Organized or Incorporated, November ..
Commenced businsss January 8, 1857.
Value of real estate owned by
Loans secured by deeds Of
trust or mortgages on real
estate ........ ........... 2se, 225. 90
Premium notes and loans .. 1,4ss, ga. Al
State, city, county and other
bonds 800. ............. e41, $40. 90
Railroad bonds .............. SO ,275. 90
Bank stocks ................. A, DOC. 90
Cash on hand and in bank -. 1919, 957. 20
Net amount of deferred and
outstanding premiums 800. 179 ,44S. 90
Total assets ::::.:...... So, 1897, sss. 40
49,. LIABILITIES.
roilcy claims, no proofs re-
Policy claims in process of ad.
Policy claims resisted by the 0'0'0'0O
the company ........... 5000. 90
Total policy claims ..:.....s 4o ,2oo.74
Net present value of all out
: standing policies, "Actua.
ries," 1 per cent .......... 1925, 900, 90
Amount of all other liabilities $50. 654. 90
Total liabilities ........... So, 11e, 65s. IA
New premiums ............. S 4o7, 6s1. 80
re'e"ai premiums .......... 1884, 5S1 40
Total .......... .......... 81, GAP ,263. 80
Total premium income , .. 1.642 .263 90
Interest and dividends received 1879 COS. "a
Rents received IA. 764. AZ
Income from all other sources s'es5. 90
Total income 81 7ss 6s1 .7e
ExPENDITUREs. '0' "0l'
paid for losses and additions $ 4s1, 500. 4s
lag ar TO annultants :....:.... 542. s3
rra az d lor surrendered policies: 26, S42. IS
cash surrender values applied
in payment of premiums :. 113. 3s
Cash paid during the year for
commissions and salaries >. 4es, oss. "a
Rents paid during the year >. IL 9O0. AZ
lakes paid during the year -. 1856, 20
lash paid for advertising ... 1854. 90
Amount of all other cash ex-
penditures ....... ........ 1886 ,741. 40
l0'4' eApS MfscELiXNEoiUss: 81 'sst' 0oo'7o
Whole number of policies writ d.
ten in North Dakota during
Total premiums received dur. H
ing the year in North Da-
Total osses incurred dur. '''.
sT ing the G year nru s,ooo.lSo
COUNTY OF BROOM. ~
". G.. Phelps, vice president, and.r C.. a
Insurance Company, being duly sworn, Il
pose and say, that the foregoing is a true
and correct statement of the affairs of said
company. that the said insurance company
Hundred thousand Dollars, in available cash
assets, inclusive of stockholders obligations.
and over and above all liabilities for claims
are the above described officers Of said ins,i,
ance company. .
", CHAs. A.. LADuE,
Vice President. Nesis''at
Subscribed and sworn to before me this 27tH
day of January, 1905.
z. BENNETT PHELPS,
Notary Public.
STATE OF NORTH DAKOTA, i
OFFICE OF COMMISSIONER OF INsuRANcE.}
of the state Of North Dakota, 0' do enSh heaeSS
certify that the foregoing is a true abstract
OF the original statement now on file in thi{
Office. - '"A7
In testimony whereof, I have hereunto SET
my hand and affixed the seal of this office at
bismarck the LIST day of August, a. D. 1906!
.... E. C. COOPER,
lsEALJ Commissioner of Insurance.
STATE OF NORTH DAKOTA,
OFFICE OF COMMISSIONERS OF INSURANCE.
COMPANY''S CERTIFICATE OF
AUTHORITY.
Whereas, The Security Mutual Life Insur.
ance Co. of :Bingtamton, N. Y, a corpora.
ton organized under the laws of New York.
has filed in this Office a sworn statement
exhibiting its condition and business for The
year ending December 81, 1905, conformable
to the requirements of the laws of this state.
regulating the business 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
aforesaid. avs
Now, therefore, I, E. c. Cooper, com.
missioner of insurance of the state of North
Dakota, pursuant to the provisions of said
laws, do hereby certify that the above named
company is fully empowered, through its au-
business Of life insurance in this state ae.
cording to laws thereof, until the 3lst dav
Of December. A. D. 1906.
In testimony whereof, I have hereunto set
my hand and seal at Bismarck, this goth day
OF February. A.. D. 1906.
rsr. E. c: coopER,