Pierre weekly free press. (Pierre, S.D.) 1889-19??, 1911-01-05
INSURANCE IN STATE
The Premiums Last Year Amounted to
Over Four Million Dollars

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 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 the
people of the state paid in insurance
premiums, exclusive Of the business
of fraternal and assessment COM
panies, the sum of $a.970,32577 for
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,
sS02,6S0, 5000; premiums received on
this business, s13.345. 312 SO: losses in
Cured in that time. $5,894, 6O215;
losses paid. $5,774lS4.41. This is a
total of $7,571 ,12S.4S paid in excess
of the amount returned TO the stale
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 S4, on which they re-
ceiyed as premiums $l4 229.642 GA and
paid losses to the amount of $780,
900 An frn,,o in
Guiding the year 1889.
The 1909 business of the foreign fire
companies operating in the state went
to a higher point than for any former
year, with risks written to the amount
of $110, 29O ,S3025. on which they re-
ceived premiums of s1723. 621 03: d
balance OF $1,157 ,S6506 over the losses
paid.
The foreign life companies for their
1903 business wrote risks amounting
to $S.965 SIG so. receiving premiums of
ST. 462, 221.56. out of which to pay their
losses of s215,921 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 s1,926.6s1. and re-
ceived premiums of s34 95755 out of
which to pay losses of ISABELLE.
The South Dakota mutual fire COM
panies wrote risks for SIS 279 ,l07 "a,
on which they received premiums of
1896 07345, and paid losses of S119,-
1912 These comranies were carry
ing risks amounting to S21,S66,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
$4,000, on which they received p en-
iums of $1S2, 342.70, and paid losses
of s15,500.
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 s s79 2339911 and paid losses of say
32s.41; and the South Dakota accident
companies, for the same year, re-
ceived premiums of s17,949.20, and
paid losses OF $4,S3622.
The foreign miscellaneous COM
panies for the year received premiums
of s133,930.17. on all the different
classes of business in which they were
engaged, and paid losses for the year
of sS6,521.2O.
The foreign miscellaneous COM
nal companies showed they had South
Dakota business in force December 81,
1908, of $6001S.532, and on December
81, 1909 had increased it to $6s,967.-
TOT. Their receipts for the year We're
1892, 36349, and their losses for the
year s365,452.12, and their expenses
$46,6S1.21.
The South akota fraterna, and as
sessment oomranies had in force De-
cember 81. 1868. ss7,s54 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,
66752, and their losses 1885 036 rs.
Their expenses Of operation for the
year were $29,722.s6.
The state insurance DEPARTMENT has
had a great deal OF trenhle with
agents who write risks for unlicensed
companies 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"
have been fined.
Shepherd Dog Saves Master
ror+or-An incident which occnrrad