The Charles Mix new era. (Wagner, Charles Mix County, S.D.) 1???-1911, 1911-01-06
N a
The Premiums Last Year Amounted to
Over Four Million Dollars

tttG tGsttAsstS .ASt ear AmOuHtG0 "
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
1903 business in the state. as shown
by the 1910 report, indicate that the
people of the state paid in insurance
premiums, exclusive of the business
of fraternal and assessment COM
panies, the sum OF I, 1870, 325.77 for
the year.
Ths 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, SIC. 80; premiums received on
this business, $13, 345, 312. SO; losses in
CURED in that time, SIS, 1874 602 Is;
losses paid. S 5~,774,1S4.41. This is a
total of 1871, 128 AZ paid in excess
of the amount returned to the sta'e
in the way of losses by fire for that
period.
The foreign life companies for the
same period wrote risks to the amount
of $139, 776, 523 "a, on which they re-
ceived as premiums $l4 229. SAP "a. and
paid losses to the Mount of $2S92,-
262. 40. These figures from and in
GLIDING the year 1889.
The 1909 business Of the foreign fire
companies operating in the state went
to a higher point than for any formtr
year, with risks written to the amount
of $110, 290, 1902 on which they re-
ceived premiums Of $1.723. 621 03; a
balance Of 81, ISL, $3.50 over the losses
paid.
The foreign life companies for their
1909 business wrote risks amounting
to S.. 965 SIG 80. receiving premiums OF
81. 462, 221 Sc. out of which to Jay their
losses of $215, 921 and to keep up re-
serves and other expenses of this class
of companies.
The one stock fire company in the
state wrote risks of 81. 1926. 6S1, and re-
ceived premiums of $34 957.5 So out Of
which to pay losses of $14 231 Is.
1uc 0OulH bdhOtd MUTUAL utc CoIh-
panies wrote risks for SIS 279, LOT "a,
on which they received premiums Of
1895 .073 As, and paid losses of $119,-
1892. These comranies Were carry
ing risks amounting to $21, 500, s63.33
on 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 ness
for 1909 showed risks written of So
313, 0 on which they received p en-
iums of $1S2, 342.7O, and paid losses
Of SIS, $500.
The foreign accident companies do
ing business in the state for the year
1909 wrote risks amounting to $3.50
040, on which they received premiums
of $40, 230.11. and paid losses of s37-
328.41; and the South Dakota accident
companies. for the same year, re-
ceived premiums of ST. ,949.2 20, and
paid losses OF $4,S36.22.
The foreign miscellaneous COM
panies for the year received premiums
Of $133, 930.17. on all the different
classes of business in which they we're
engaged, and paid losses for the year
Of $50, 521.20.
The foreign miscellaneous com-
nal companies showed they had South
Dakota business in force December 81.
1908, of $50, 01S. 532, and on December
81, 1909 had increased 1t to $6S,267.-
797. Their receipts for the rear were
$500. 363. ~, and their losses for the
veal sss5, 452.12, and their expenses
SAG, 6S1. I.
The South akota fraternal and as
sessment comranies had in force De-
cember 81. 1908. $27. 354, 500 in policies
and on December 81, 1909. they had
shown a slight decrease, with policies
in force amounting to $24 379 800.
Their receipts for the year were $780,
667. SO. and their losses $256 036 IS.
Their expenses OF operation for the
year were $29, 722S Sc.
The state insurance DEPARTMENT has
had a great deal OF trouble with
agents who write risks for unlicensed
comranies and cut into the legitimate
business of the comranies which pay
the required fees and license for oper-
ating in the state. Several agents
who have been caught In the act"
hovn hnou fined