The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1916-11-27
.PROMDENT BUSINESS
NOW EXCEEDS $700,00Q
New Life Insurance Company
Makes Excellent Record
Since July 1

With its state agency force we'll or
ganized, and with $700,000.0O worth
of actual business on its books. the
Provident Insurance Co. of Bismarck,
the youngest of North Dakota's "Old
Line" life companies, may be said to
have fallen into it's stride.
The Proyident now has j.olicy-hold-
ers in practically every ls1nty in the
state. It's bdsi4ess' IL 'cfF "a b9 tieffed
class, written mostly through banker
agents, who are also stockholders,
and who comprise the greater part Of
the sales force.
Chartered June IL, last, the Provi-
dent has written up to October 81,
when the last statement was issued,
$649,500 in approved and accepted
risks. Since the first of November
more than 100000 new business has
been added, and each months record
is SURPRISING the former. When the
Provident received it's charter it had
no sales organization. Its present
field force, one of the most efficient
boasted of by any life insurance COM
pany operating in North Dakota, has
been built up since July l. AS prac-
tically every agent is also a stock
holder, there is a double incentive not
only to write insurance but to write
risks which will bear the closest ex-
animation. In many instances the ex-
aminer as we'll as tn agent is a stock
holder. -
The funds, of the Provident Insur-
ance Co! are being invested in first
mortgage farm loans within the state.
The security is gilt edge and the in
terest return altogether satisfactory.
AS generally as is practicable, the sur
plus is being reinvested in the terri
tory which originates the business,
and this is tending to popularize the
company in territory where farm
loans are much in demand. S..
All of the companys policies are
selling we'll. Probably the one most
in demand is the Savings accumula-
tion" policy, which offers the pur-
chaser the combined advantage of Sc
curity and saving.
To date the Provident has confined
It's operations to North Dakota. Now
we'll established here, it is planning
January 1 to enter the state of South
Dakota. Later the company will in
wade other states.
While the company is new, its Of
ficers are old in the insurance busi-
ness. w. c. Taylor, the president, is
insurance commissioner Of North Da-
kota. O.. S. Basford, the vice presi-
dent, formerly was insurance COM
missionr for South Dakota; F. l..
Conklin, the secretary, has grown up
in the general insurance business, and
is head of one of the largest agencies
in central North Dakota; H. B. Beach,
actuary and assistant secretary, earn-
ed her insurance experience in Him
Ois, where she was connected with
some of the largest companies; N.
3. Fitch, state director of agents, has
spent more than quarter OF a CEN
tury in similar capacities with sub
stantial eastern companies. DR.. w.
H. Bodenstab is medical examiner.
The directors of the Provident are
all men of established standing in
their several communities. j. L. Bell
is vice president of the First National
bank of Bismarck; H. H. Dahl is vice
president of the State Bank of Norma;
w. L. Richards, president of the Mer-
chants National bank OF Dickinson;
H. B. Alien is a prominent merchant
of Jamestown; H. H. Steele is a mem
ber of the North Dakota tax commits
sion and president of the First Ma
tional bank of Mohall; w. H. Mann of
New Salem, merchant, banker and
a member OF the state railroad COM
mission; DR.. L. S. Platou, we'll
known physician and farmer, is may
or Valley City; John Knauf is a we'll
established attorney of jamestown;
John E. Reuter- is vice president of
the First State bank of Underwood.
These men with Messrs: B0denstab,
Basford, Conklin and Taylor, compose
the directorate.