The Dickinson press., 1911-04-29

insurance fund. and the state treasurer
shall pay out of said fund only upon
warrant issued and signed by the COM
missioner of hail insurance, as provided
BY section IL of this act.
Section II. When the several county
auditors of the state shall have made
complete returns. showing the number
of acres insured for that year. the com-
missioner IF hail insurance shall sum
up the total hail insurance fund for
that year and when he shall have re-
ceived a complete return from all hail
losses in the state as adjusted and
allowed. he shall sum up the total of
such amounts for that year. He shall
then sum up the expenses of his office
as follows.
First. The total amount allowed for
adjusting losses.
Second. The total amount estimated
necessary for deputies and clerk hire
in the hail insurance department fore
said year.
Third. The amount estimated neces-
sary for books, blanks. stationery. post
age and together expenses incident to
the running and operation of the said
hail insurance department for said year.
The total sum of such expense account
shall be first deducted from the total
amount Of the hail insurance receipts
for that year and paid, and if the bal
c remaining is sufficient. all hail
losses shall be paid in full as allowed
by the adjusters. but if the expenses
and hail losses shall exceed the amount
of hail insurance receipts for that year,
hen the expenses shall be paid first
and the losses shall be paid pro rata.
However, should there in any one year,
after all expenses and losses have been
paid, still be a surplus, then such sur
plus shall remain in hail insurance
fund to be drawn upon in such future
years as there might be a deficiency.
Section II. When the commissioner
Of hail insurance has figured up the
whole years business. as indicated in
section ii, he shall draw his warrants
on the state treasurer, to be paid out
of the hail insurance fund in such sums
as the records of his Office shows the
several parties entitled thereto, and he
shall forward the same to the county
:reasurers of the respective counties.
1t shall be the duty of the county
treasurers to forward warrants for the
amounts due to the persons in their
counties who have sustained losses and
are entitled to receive warrants under
the provisions of this act.
Section Is. The commissioner of hail
insurance shall, on or about the first
day of January in each year. issue and
publish in four newspapers of general
circulation within the state a concise
statement of the work and condition of
the hail insurance department during
the preceding year.
He shall also make a biennial rep0t
to the legislature.
Section A., The commissioner. of hail
insurance shall execute an official bond
to the state of North Dakota in the sum
of ten thousand dollars oslo, 00O) to be
/ approved by the governor and filed in
the Office of the secretary of state.
Section IS. All acts and parts of
acts in conflict with provisions of this
act are hereby repealed.
Section is. Emergency.) Whereas,
it is deemed advisable that this ac,
take effect in time for insurance of crops
of 1911, therefore an emergency is herby
declared to exist, and this act shall
take effect and be in force from and
after its passage and approval.