The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1908-12-29
OKLAHOMA
INSURANCE
n REPORT

doing business in Oklahoma In 1907,
accorling to the annual report of
State Insurance Commissioner Me.
Comb, issued policies totaling Sl3..
l34,90G collected in premiums ST.
S2S 2442S and paid claims amount
ing tc $375.506 within the state. Fire
insurance companies wrote IN Okla
homa during 1907. risks agg~egating
S2,393,335 and paid losses amounting
ito Sl,0sl 1856. Miscellaneous com
panies received premiums of s224.-
lS6 ans paid losses of S75,1i2. Fra
terni orders collected assessments
of s906,369 arl paid claims cf s515605
The total amount of fraternal insur-
ance in force December 81, 1907, was
S101.042 .226
There were forty-two Insurance
companies doing business in Okla
homa in 1907. The total assets Of
the g companies were s., ,460, 0,916,15S;
surplus, S9O,9S2.727; income. S50S. 493,-
92S expenditures, S33S. .25S1I0; capi.
tai S9.3S624S.
The total amount of lie insurance
In force IN Oklahoma including fra
ternal and OIL line on December 81.
1907 was $150.751.g20. of which s49.-
f09.69I was carried by the old line
companies and $l0i, ,042.226 by the
fraternal companies. The ira insur-
ence companies doing business ir Ok.
lahoma in 1907 wrote gross risks
emcunting to S217252.672. receive
net premiums of s2,393.355. paid net
losses Of 81 09l 1856 and hal in force
insurance agEl 'egating s2i6,659,912
IN 1907 there we're ninety-two fire in
urance companies doing business in
Oklahoma
Df She miscellaneous ccrQn1ies
licensed in Oklah ma 20 July /, 1908.
there were four fidelity and surety
companies the American Surety
Company c mmerce Trust Company.
National Surety Company and the
United States Fidelity and Guar
autee Company. aud twenty
Indemnity and catisualty companies
The number of frnternal beneficiary
associations licensed in Oklah ma tc
Iuly l. 1908. is thirty.one. In 1907
tIere were nine assessment associa
iions.ilcensed IN oklahoma
There We're seven farmers mntua'
Insurance companies in Oklahoma In
'uring losses against fire, lightning
tornadoes and hail damage TO grain
aud cotton
Under the head Of domestic com
oanies Insurance Commissioner Nc
comb also gives the names SIX
Oklahoma stock fire insurance com
panies. and five Oklahoma life and
nieoel lneous companies.
The reports shows raat from Jan
nary /, 1907 to November l6 r the
same year. the German Mutual Insur
lnce company OF Oklahoma City and
,he Farmers Mutual Insurance com
1any of Oklahoma City were placed II
The hands Of receivers. The Natlona
Mutual Fire Insurance company wa
placed ia the hands of receiver fol
loaing an examinatA II of the Nebrask;
department on December A. 1907 The
Proyfdent Savings Assurance Soclet,
{ New York was ordered to ceasf
writing new business after Decembel
2. 1907.
Mr. MUConb states in his report tina
2 sent a representative to examine
he affairs CT tine Great Western Life
Insurance company Of Kansas City, bu
that the q mpany would not permit AZ
examination
After taking charge OF his office Tr
surlnce Commissioner McConb not
led iAe Home Relief Association and
the Mutual Benefit Association, botf
1f Ok,al ma City. to cease writing
business at tfe rate Ct assessment the,
we're then charging. The insurance
'rntmissione- Notified the following
companies 10 discontinue doing bus
ness in Oklahoma: Tee Bankers I.ifc
AssOciation and the Nat nal life As
sociailon. both Of Des Moines, Ia, and
the Merchants Life Association OF
Burlington, la.
The state insurance commisslonel
sjatcs in his report that Life lnsur-
ance business particularly has been in
fectcd with what are termed special
r advisory board contracts and stock
iohhing deals where stock is either
sahl o. given away With insurance, and
various agency schemes. which are de
ceptive, misleading fraudulent and dis
appointing TO the public The com
missioner has therefore prepared a
form of agreement which all companies
doing business in the state must sign
agreeing not to engage in these prac-
tees as a condition precedent 10
license.
Generally debilitated for years. Had
sick bpadnqhne larlfpd ambiffOn was