The Miller press. [volume] (Miller, S.D.) 190?-current, 1911-01-05
IN a
The Premiums Last Year Amounted to
Over Four Million Dollars

Pierre-While the report Of the
state insurance department. is al
ways that Of the business of a year
before the issuance of the report. and
does not show the business of the
year just closed. the figures show the
growth of and volume of business as
nearly as it can be kept up under the
system of receiving reports from the
different cOmtanies. The reports OF
1909 business in the state, as shown
by the 1910 report. indicate that TIE
people of the state paid in insurance
premiums, exclusive OF the business
of fraternal and assessment COM
panies. the sum of $3,970,325.77 TO-
the year.
The report gives a summary OF the
business of the foreign fire and life
companies since the organization Of
the state up to and including last year
with the fire business: Risks written.
$500. $50 ,810.99: premiums received on
this business, s13,345,G12S9: losses in
Cured in that time. 1884 COILS.
'osses paid. $5~,774,1S4.41. This is a
total of ~S7,57112S.4S paid in excess
of the auCUnr returned TO the sta Q
in the way of losses by fire for that
Der:od.
The foreign life companies for the
same period wrote risks TO the amount
Of $139. 776,523.S4, on which they re
ceived as premiums S14 229. $40 o.. and
paid losses to the amount of 81 S92 .
262.40. These figures from and in
Guiding the year 1899.
The 1909 business of the foreign fire
Companies operating in the state went
TO a higher point than for any former
wear. with risks written to the amour
OF $11O.2 $50. S30.25, on which they ro-
reived premiums of $1,723,621. 03: a
balance of $1,157, 865.06 over the losses
Paid.
The foreign life companies for their
1909 business wrote risks amounting
+ s.. 965.516.S0, receiving premiums o.
$1.462, 221.56. out Of which to pay Their
losses Of $215.921 and to keep up re-
serves and other expenses Of this class
Of companies.
TIE one stock fire company in the
state wrote risks Of s1,926,6S1, and re
ceived premiums Of S24 957.55 out Of
which TO pay losses Of ISABELLE.
The South Dakota mutual fire com
panies wrote risks for S15.279, 1O1.S4
on which they received premiums Of
$336,073 As. and paid losses Of $l19,-
1892. These c~CmDaries Were Carrv-
ing risks amounting 10 $21,S66, 1888
or December 81, 1909.
The South Dakota life companies
are beginning to make more Of a
showing. and will soon take a share
of the business which has in the past
gone out of the state. Their bus ne S
for 1909 showed risks written Of So =
$4,000. on whi-h they received p en-
iums Of $182. 342.70. and paid losses
of S15,500.
The foreign accident companies do
ing business in the state for the wear
1909 wrote risks amounting to $3.50 -
O4O. on which they received premiums
Of $"79,23011. and paid losses Of S57 -
328.41: and the South Dakota accident
ceived premiums of $17,949.20, and
paid losses Of $~4,S36.22.
The foreign miscellaneous com
Danies for the year received premium
Of ~$133.930.17 on all the different
classes of business in which they were
engaged. and paid losses for the year
Of $50, 521.2 20
The foreign miscellaneous COM
nal companies showed they had South
Dakota business in force December 81,
1908. Of sG0.O1S,532 and on December
81. 1909 had increased it to S6S,267.-
1877. Their receipts for the year were
1892, 363. 40. and their losses for the
wear s3R5,452.12. and their expenses
SAG S1.21.
The South akota fraternal and as
sessment romranies had in force De-
cember 81. 1908. s27.354,500 in policies
and on December 81. 1909 they had
shown a slight decrease, with policies
in force amounting to S24.579 800.
Their receipts for the year wee s@0',-
f67.52. and their losses 1886 036 76.
Their expenses Of operation for the
wear were S29.722.S sc.
The state insurance derartnent has
had A great deal of trouble with
agents who write risks for unlicensed
"ouranies and cut into the legitimate
business of the comnanies which paw
the required fees and license for oper-
atiug in the state. Several agent
who have been Caught in the act
have been fined.