The weekly times-record. (Valley City, N.D.) 1912-1922, 1915-05-27
ApsTpAcT OE STATEMENT

ABSTRACT OF STATEMENT
For the Year Ending December 81, A. u. 1914
Of the condition and affairs Of the North
Dakota Mutual Fire Insurance Co., of Valley
of the State Of North Dakota, made to the
Commissioner Of Insurance of the State Of
North Dakota, in pursuance of the laws OF
said State.
yiee = President Pre-, T w ! } 7; Farley
Principal Office, Valley City, North Dakota.
Attorney for Service of Process in the
State of North Dakota:
Name, Commissioner of Insurance; Location,
Organized or incorporated March 10th, 1908.
Commenced business October 9Th, 1908.
i l. BALANCE SHEET
Amount of Net or Invested AS.
sets December 31st, of previous
Si IA. iiNi;c:ot;MiE; DURiNG YEAR 1914
Gross amount due and
L unpaid at close OF
previous year shown
1 by last report .-.....$lO,934.97
Deduct amount of same
not collected ....... 34O.26
Net collected 80: ;s1o,5e47l
Gross amount received
during the year from
business written in
= 1914, including notes
: and cash .$o5,9l4I3
Total 9oo,ooo'O1
Deduct gross amount
of premiums in course
I of collection at this
date ................$ 6,299.92
Entire premiums collect
ed during the year. .$60,2OS
Deduct reinsurance, re,
bate, abatement and
return premiume l3,9l6.ll
Net amount actually re-
ceived for premiums .$46,s9Ssl
Interest on Real Es-
tate Mortgage Loans. s essoo
Interest Certificate OF
From all other sources. 1911
Total ...............s l,645.1l
From all other sources,
viz: Qtcmized Proht
and Loss account)
Commissions ........S 4,loV.9'
&c. io'ai ne, r"'o"e ~ $52,11s.so
ro.o, foo+;,o se4,ss4.so
III HGtal ESTABLISHMENTS }IS13dg DURING THE
YEAR
Gross amount paid for
losses Gnclu di ng
$426O.85 occurring IN |
previous years. :S4l,oSS.oS |
Deduct amount received
for Savages o,ooS.o1
Net amount paid dur
ing the year for losses. SS4 '4el.oo
Paid Policy.holders. for
interest or dividends,
$10,O62.22, for dis
count Of profits, uoo,e
$1676.54 .......... 1l''oo.'o
Total paid Policy hold
ers during the year,
not including amount
paid for losses .S4o'SlS'o4
Commission or broker
age to Agents ...... S'e edo 90
interest paid ........: 4oS.o'
salaries, Fees and all
other charges, Ofhcers'
1ss,24s.1O); Clerks,
(S1,72s.5O); other En-
ployes, ($S,356.5o...: s,S33.lo
Taxes on Premiums, adj
justing expenses. ..... 272.o7
ms. Dept Fees and
Agents Licenses 493.l9
S \dSss &, +: Printing and
Stationery, SSO262;
$2,ese:i5; Postage,
s2799l; Miscellaneous,
$1,142.O7; Deprecia-
ton, $223.66....... 5,l14.41
Total Disbursements.
During the Year $6S,95S.o9
0"'a ": NoN:iNVESTED ASSETS
interest Accrued, .....$ 1875
47.22
Postage and Mileage $4,000
2et Reinsurance due. 1928
Total Non.1nvested
Assets ............ o29.2o
Gross Assets ........ ss1,7ll.oo !,
'' Y. LEDGER ASSETS
Mortgage Loans on Real Estate,
Schedule b. First Liens. rs 100000
Loans secured by pledge of
Bond, Stocks, or other Collater.
ais, per Schedule c, Furniture
and Fixtures ............ @,ooISo
CASH deposited in Bank, $l3,029.62
$4,000 1st Nat. Bank at Finley;
$9,32962 Bank of Valley City,. 100000
Personal accounts, $2943O;
Agents Debit Balances, $6,299.92 6,594.22
NORTH DAKOTA BUSINESS
Total risks taken during the year 50 1886 10000
Total Premiums received during
the year oo,Soo.S@
Total Losses incurred during the
year oo,oAo'ooI