Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1908-06-25

s YEAR ENDING DECEMBER 81, 1907,
VI the condition and affairs Of the Mchi-
gan commercial Insurance Company of Lans-
ing. organized under the laws Of the state
OF Michigan, made to the commissioner of
insurance of the state of North Dakota, in
pursuance of the laws of said state.
President. Frank A. Hooker b
Vice President, Robert Henkel.
Secretary. a. D. Baker.
Pr!ncipal Office, lis Ottawa street, w.
Lansing, Mich.
Attorney for service in the state Of North
Dakota:
Name, Commissioner of Insurance.
Location, Bismarck, N. d.
Organized or incorporated December, 1907.
commenced business January 1, 1905.
Amount Of capital stock paid
= ASSETS s0o'ooO'OO
Value of real estate owned by
the company ............ 10. 100 90
Loans on bonds and mortgages 423, 532. 65
United States stocks and bonds 10, 337 so
bonds .......... 2ea, 7sa. %
Loans on collateral security TAO. 90
Cash on hand and in bank 97,276. 10
Interest due and accrued -. IL O4O. so
Premiums in course of collec- s
ton and transmission $500. 1Sl, 327. 81
onadmitted assets ........&.. 912.21
LIABILITIES i'0ti . q
Gross claims for losses ad-
justed and unpaid ......$ 2o.sIO. 3s'
Gross claims for losses upon
which no action has been
Losses resisted BY the company 800. 90
Total gross amount of claims
"a. TOT losses $500. S 90. 100. IA
Deduct reinsurance and salvage
claims thereon ............ 2e,o52.5s
Net amount of unpaid losses s u. o47. 81
Amount of unearned premiums
on all outstanding risks 49,. 554, 46s. 05
Due for commissions and bro
8erage ......... .......... 4, sos. "a
RECEIPTS 20 *''o
Premiums received during the
year in cash .............. s4S, 1927, OF
Interest and dividends received MI
during the year 2,1s2. "a
Amount received from all other
sources .......y.r. ......... 1880
DTsBURsEMENIs ''e''''.si
Losses paid during the year - s4e, 701. 16
Paid for commissions and bro.
:, kerage ..:......, 1873. s45. 80
Paid for salaries, fees and
other charges ............. 3.496. So
rad Tor taxes .............. 27,548. OF
Amount of all other disburse-
ments ......... .......... so, 1888. OF
Total disbursements e7s, 52s. OF
NORTH DAKOTA BUSINESS
Total risks taken during the
= year ......... ($3, 150, 1886. 90
Total premiums received during
Total losses incurred during ~
:, the year .....:.. .......: 10, e45. 80
Total amount of losses paid
during the year ........... s,44S. IL
STATE OF NORTH DAKOTA,
OFFICE OF COMMISSIONER OF INSURANCE.
/, E. c. Cooper, commissioner of insurance
of the state of North Dakota, do hereby
certify that the foregoing is true abstract
OF the original statement now on file in this
In testimony whereof, have hereunto set
my hand and affixed the seal of this Office at
Bismarck, the LIST day of May, A. D. 1908.
SsEAL) Commissioner of Insurance
STATE OF NORTH DAKOTA,
OFFICE OF COMMISSIONERS OF INSURANCE.
,,,S GoMPANgs CERTIFICATE OF AUTHORITY.
Whereas, The Michigan Commercial Fire In.
surance Company of Lansing, Mich, cor
poration organized under the laws of Michi-
gam has filed in this Office sworn state
nent exhibiting its condition and business for
me tl year ending December 81, 1907, conform
state, regulating the business of insurance,
Whereas, The said company has fled in
tuis ONCE uuly certlned copy OF dts charter
with certificate of organization in compliance
with the requirements of the insurance laws
aforesaid; ,',
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-
fhonlzed agents, to transact its appropriate
business of fire insurance In this state ac-
cording to the laws thereof, until tine s1st day
OF December ~ A. D. 1908 s5s5
In testimony whereof, / have fereunto set
my hand and seal at Bismarck this gath day
Q. February, A. D. 1908.
E. C. COOPER,
(sEAL) Commissioner of Insurance.