Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1908-06-27
ABSTRACT OF STATEMENT FOR THE


YEAR ENDING DECEMBER 81, 1907.
Of the condition and affairs OF the Pioneer
Life Insurance Company Of Fargo, N. D., or
ganized under the laws of the state of North
Dakota, made to the commissioner of insur-
ance of the state of North Dakota, in pur-
President, VIM. c. Macfadden.
Vice Presidents, JAS. H. Mathews, E. Y.
sasles and R 2 !, Barron.
Principal Office, Fargo, N. d.
Attorney for services of process in the state
of North Dakota:
Name, Insurance Commissioner.
Location, Bismarck, N. d.
Organized or Incorporated, September 49,.
Commenced business September 80, 1907.
CAPITAL
Amount Of capital paid up in
Amount 81 surplus paid up in
cash ......... ............ IL, GS5. 33
Total ........ ...........s 1885,
Loans secured by deeds Of trust
or mortgages on real estate -, 900. 90
Cash on hand and in bank 16 226 16
Interest due and accrued 204. 90
Net amount of deferred and
Outstanding premiums 49,. s4ss
Amount of all other admitted
assets ......... ,491. 81
Unidentified assets:
Agents balances. So, s25.75
LIABILITIES
Net present value of all out
standing policies "Actua-
ries,' Big per cent -. ], S62. 90
Amount of all other liabilities,
including capital .......... IS, 900 .25
Total liabilities 27,2e6.25
INCOME
New premiums ...-.........s 6,165. ID
Deduct premiums paid for re-
insurance ......... ....... 15s. IS
Total premium income ..... S 6,oo6.5s
Interest and dividends received 779
income from all other sources,
including surplus .......... 12,7s5. SO
Total income ...... Is. sse IS
EXPENDITURES
Cash paid during the year for
commissions and salaries =. 1920. 27
Rents paid during the year !. $50. 90
Cash paid for advertising 49,. 573.s
Amount of all other cash ex-
pencitures ..s..... 4, 599.0S
Total expenditures .......s 14,7ss.15
MISCELLANEOUS
Whole number of policies writ
-ten in North Dakota during
the year 1875, 800. 90
Total premiums received dur
ing the year in North Dakota GIGS. IS
STATE OFs NORlHh DAkOIA,
OFFICE OF COMMISSIONER OF insurance.
I, 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
office.
In testimony whereof, have hereunto set
my hand and affixed the seal of this Office at
Bismarck the 1st day Of May d :; 2; l9es.
(sEAL) Commissioner of Insurance.
STATE OF NORTH DAKOTA,
OFFICE OF COMMISSIONER OF INSURANCE.
GoMpANy,s CERTIFICATE OF AUTHORITY.
E Whereas, The Pioneer Life Insurance Com
pany, of Fargo, N. D.. corporation or
ganized under the laws of North Dakota, has
filed in this Office sworn statement exhibit
ing its condition and business for the year
ending December 81, 1907, 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 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
Dakota, pursuant to the provisions of said
laws do hereby certify that the above named
company is fully empowered, through its au-
thorized agents, to transact its appropriate
business of life insurance in this state, ac-
cording to the laws thereof, until the Slst day
of December, "A. d. 1908.
In testimony whereof. I have hereunto set
my hand and seal at Bismarck, this 9Th day
Of April, A. D. 1905.
IS (sEALo Commissioner of Insurance.
~ 3D.