Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1908-06-21
ABSTRACT OF STATEMENT FOR THE
I YEAR ENDING DECEMBER 81. 1907,

ABSTRACT OF STATEMENT FOR THE
YEAR ENDING DECEMBER 81. 1907,
Of the condition and affairs Of the Proyi-
dence Washington Insurance Company, of
Providence, organized under the laws of the
state of Rhode Island, made to- the commits
sioner of insurance of the state of North
Dakota, IN pursuance of the laws of said
state.
President, J. B. Branch.
Vice President, c. d. Dunlop.
Secretary, a. G. Beals
Principal Office, Providence, r. l.
Attorney for service in the state of North
Dakota;
Name, Commissioner of Insurance.
Location, Bismarck, N. d.
Organized or Incorporated, 1893.
Commenced business 1909.
Amount Of capital stock paid
up IN tull ................ S 500, 900. 90
ASSETS
United States stocks and bonds S AZ, 800. 90
Railroad bonds and stocks -. 7S4, 66S. 90
State, city, county and other
bonds ...... ........,,.... SOP, 9s2. 90
Sank stocks ............ 49,. 343, 900. 90
Other corporation stocks ..... 453, TAT. 90
Cash on hand and in bank. 1919, sl3. 80
Interest due and accrued ~. 10, l92. 90
Premiums in course of collec
ton and transmission .s..... 33T,354. 40
Bills receivable, not matured, s5sa
4 taken tor risks ............ 20, 00S. go
Unidentified assets ........... 341. rs
Total assets ......... 80. So 1888, 40s. O5
LIABILITIES
Gross claims for losses adj e
justed and unpaid ......... "a, 442. Sc
Gross claims for losses upon
which no action has been
taken ....s...5..7a....... as5, ISL. 7s
Losses resisted by the company IL, sss. 81
Total gross amount of claims
for losses ............... 372, sos. 10
Deduct reinsurance and salvage
claims thereon ....,.i....... 1853, 461. 6s
Net amount of unpaid losses S 2l4, l46 20
Amount of unearned premiums
on all outstanding risks .... / ,697, 4ss. Al
Total liabilities .......... 81, Oil 1874. 81
RECEIPTS
Premiums received during the
year in cash 4. ...........l.3. So ,340, AGA, IA
Interest and dividends received
during the year $50. ~. ss,250.75
i0'Ai rees'R pisBURsEMEiN1s ~ 7issss
Losses paid during the year *. 81, $50, 142. "a
Paid for commissions and bro
kerage ......... ........ 446, S79. 3S
Paid for salaries, fees and
other charges ............. It's, $50. Sc
Paid for taxes .............. 81, $685. SO
Amount Of all other disburse-
ments ......... .......... 147 ,ae7. 90
Total disbursement 50, os4, 1883. II
NORTH DAKOTA BUSINESS
Total risks taken during the
year ............ 81, 096, 545. 90
Total premiums received during
Total losses incurred during i''ts0.t'
!. the year 2e,47o.2 20
Total amount of losses paid
during the year e,s5s. SO
STATE OF NORTH DAKOTA,
OFFICE OF COMMISSIONERS OF IHsURANcE.J
/, L. =. Cooper, commissioner Of insurance
of the state of North Dakota. do hereby
certify that the foregoing i. true abstract
OF the original statement now on file in this
Office.
In testimony whereof, I have hereunto set
my hand and affixed the seal Of this Office
at bismarck the 1st day of May, A. D. 1908.
E (sEAL) Commissioner of Insurance.
STATE OF NORTH DAKOTA,
OFFICE OF COMMISSIONER OF INSURANCE.
coMPANYss CERTIFICATE OF AUTHORITY.
Whereas, The Providence Washington In
corporation organized under the laws Of
Rhode Island, has filed in this office sworn
statement exhibiting its condition and bust
ness for the year ending December 81, 1907,
conforfnable to the requirements of the laws
Of this state, regulating the business of in
surance, 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 requirements of the insurance laws
aforesaid;
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 uncovered, through its au-
thorized agents, to transact its arrropriate
business of FIRE insurance in this state &C.
cording to the laws thereof, until the 3lst
day Of December, a.. D. 1908,
In testimony whereof, I have hereunto set
my hand and seal at Bismarck, this gath day
of February, A. d. 1908.
E. C. COOPER,
(sEAL) Commissioner of Insurance.