The Ward County independent. [volume] (Minot, Ward County, N.D.) 1902-1965, 1917-05-24

ABSTRACT OF STATEMENT.
For the Year Ending December 81
4. ID. 1916.
OF the condition and affairs OF
North River Insurance Company.
New York, organized under the la
Commissioner Of Insurance Of the st
of North Dakota. in pursuance OF
laws Of said State.
President. Frederick H. Crum.
Vice Presidents, John A. Forster.
Lester Parsons. r; @ Hanbold.
Secretary. David C. Wnkeman.
Principal ONCE. s5 William st. n
York City.
Attorney for Service of Process
the State Of North Dakota:
Name, Commissioner Of Insuran
Location, Bismarck, n. D.
Organized or Incorporated, Febru;
6. 1922.
Commenced business. March 8, 49,
CAPITAL
Amount of Capital Stock
paid up in full. ....3 100000
Loans on Bonds. Mort
cages and Collateral
Security ........... 214.15c
Stocks and Bonds 49,. 2.726.445
Cash on hand and in
Bank ............. 1,192
Premiums in course Of
collection and trans
mission .............. 1885,
Unadmitted Assets 49,. 1920
Total Assets .... : 3,939,47l
LIABILITIES
Gross cl ms
for Los SEES
un djusted,
adjusted and
unpaid 49,. .$552,533.01
Losses resisted
by the Com
pany ...... 3l.S63.o0
Total gross amount OF
claims for Losses 80. : 5S4.39e
Deduct Reinsurance and
salvage claims thereon 49,S0s
Net amount of unpaid
Losses .............. s34.5s7
Amount OF unearned Pre-
miums on all outstand-
Ing risks ........... 1,S14,561
Due for unpaid Divi-
den s. Commissions
and Brokerage ...... 201
Estimated amount here
after payable for fed
eral. state and other
taxes ................ $4,000
Salaries, rents, expenses,
bills. accounts, fees,
etc, due or accrued. 1000
5 2,184,34(
All other Liabilities 80. l.755.13,
Total Liabilities ..$ 3,939,47i
RECEIPTS
Premiums received dur
ing the year in Cash. : S,3O0,66,
Interest, Rents and Divi-
dends received during
!
| Amount received from all
| other sources ........ 7648
Total Receipts : s.61s.b6;
Losses paid during the
Dividends, Commission
and Brokerage paid
| during the year 800. 83s.45
Paid for Salaries, Fees.
| Taxes and o h er
Amount of all other DIS
| bursements .......... 31,52
Total Disbursements. 1.975,l9
| NORTH DAKOTA BUSINESS
Total risks taken during
the year ........:..: 5 1.454.11
| Total Premiums received
during the year ... 1890
Total Losses incurred
during the year ...... 79S
| Total amount Of Losses
paid during the year. TIP
| STATE OF NORTH DAKOTA.
| Oftlc. OF Commissioner Of Insurance
I, 8. A. Olsness. Commissioner of
surance of the State of North Oak
do hereby certify that the foregoin
true abstract Of the original st:
ment now on file in this office.
| In testimony whereof, / have h,
| unto set my hand and affixed the
of this Office at Bismarck the 1st
| (sEAL) 8. A. OLsNEs
Commissioner Of 1nsura
STATE OF NORTH DAKOTA.
| ONCE VI Commissioner of Insurance
! COMPANY'S CERTIFICATE OF
AUTHORITY.
| Whereas, The North River Insurs
der the laws of New York has
In this office sworn statement
hibting it's condition and business
the year ending December 81. !
conformable to the requirements Of
laws Of this state, regulating the b
ness of Insurance, and,
| Whereas. The said Company has I
In this office duly certified copy
| Its charter with certificate of organ
tion in compliance with the requ
ments OF the Insurance laws azores
| Now, therefore. /, 8. A. Olsness, c,
North Dakota. pursuant to the PR
sions of said laws, do hereby Ger
that the above named Company
fully empowered, through it's author
agents. to transact it's appropr
business Of Authorized Insurance
this state according 20 the laws tn,
OF, until tho 31st day Of Ma
A. D. 1913.
In testimony whereof, I have hi
unto set my hand and seal at
! marck. this LIST day of April, A. D. /
| (SEAL) S. A. OLSNES