The Hope pioneer. [volume] (Hope, N.D.) 1882-1964, 1918-06-20
ABSTRACT OF STATEMENT.
For the Year Ending December 81.
A. .. 1917,

Tor tne year Ending December ST.
A. o. 1917.
OF the condition and affairs of the
Old Colony Insurance Co. of Boston, or.
ggantzed under the laws Of the State Of
Of Insurance. Of the State of North Da-
kota. In pursuance Of the laws of saio
state.
President. William r. Hedge.
Vice President, T.. Winchester.
Secretary, John P. Morgan.
Principal office. 81 Kilby Street.
Attorney for Service Of Process in the
6tate of North Dakota:
Name. COMMISSIONS of Insurance.
Location, Bismarck, n. D..
Organized or Incorporated June 9. 1906.
commenced business, June I, 1905.
CAPITAL.
Amount of Capital Stock
paid up in full .........$ 900, 10000
Loans on Bonds, Mortgages
and Collateral Security -. 1RoOo.00
Stocks and Bonds ......... 1857. 767.33
Cash On hand and in bank :. 229. 1853. 54'
Interest due and accrued -. 1882. 3S
premiums In course of col
election and transmission /. .1S7,847.23
Bills receivable, not matured,
taken for risks. Marine -. 1,5Se.s1
Company ............... 1o.6o6.3o
s2,414,s5s.o4
Unidentified Assets ........ 1O5.3Os.od
Total Assets ............. s., 3O9, 55o.2s
LIABILITIES.
Gross claims for
Losses unadjuSt-
and adjusted and
unpaid ......... $34S. C74.16
Losses resisted by
the Company -. 7,0o1.9o
Total 6 o
amount OF
claims for Los,
ns sfs Rein: 1855 ss'.11
salvage claims
thereon 1900. S7.1G3.91
Net amount Of unpaid LOSSES 267. see. Il
Amount Of unearned Prem
risks .......:..............s 74o,aao.se
Commissions and brokerage 3.OOG.55
All other liabilities ....,,,. 15,SOO.o 90
Total liabilities ...........S 1907. o2sa.,s
Surplus to policyholders -. 1852. 26O.73
s.. 800, 550.22S
RECEIPTS.
Premiums received during
the year in cash ........S 1.214.1l2.l1,
Interest. Rents and Dividends ;,
received during the year. 69,GS1.7S
Amount received from all
other sources ............. 900. OO6.s5
Total receipts ........,S 4 ss,soo.74
DISBURSEMENTS.
Losses paid during the years GIG. 2231.sa
Dividends. Commissions and
brokerage paid during the
ps SSdr for Salaries, taxes. S'''ils'20
Fees and other charges 80. 95, 103. "a
Amount of all other Dis
bursements ............... 11o.sso.M
Total Disbursements ......s LA. 343.s
NORTH DAKOTA BUSINESS.
Total risks taken curing the
Total Premiums received
during the year ........ 1.214. 11o. IL
Total Losses incurred dur
Ing the year ............. 639. 1922
Total amount OF Losses paid
during the year .......... G10231.63
sTATE OF NORTH DAKOTA, D..
I. S. A. olsness, Commissioner Of In
do hereby. certify that the foregoing is
ment now on file in this office.
unto set set'' mS hand %n 'ard arixe aIy the n seai
Of this Office at Bismarck. the 1st day
(sI5AL) S. A. oLsNEss.
Commissioner Of Insurance,
oIA1E OF NOltIH DAhOIA,
Office Of Commissioner Of Insurance.:
coMPANY's CERTIFICATE OF
AUTHORITY.
Whereas. The Old Colony ms. Co.. a
corporation organized under the laws OF
Massachusetts. has filed in this office Il
sworn statement exhibiting its condition
and business for the year ending December
81. 1917. conformable tn the requirements
Of the laws of this state. regulating the
business Of Insurance, and.
r Whereas Tho said COmn1nV has filed
in this office q duly certified copy. Of
its charter with certificate of organiza-
ton in compliance with the require
ments Of the Insurance laws aforesaid.
f. Now. therefore, I. s. A. Olsness. Com
missioner of INSURANCE Of the State OF
North Dakota, pursuant to the provi-.
sions of said laws. do hereby certify
that the above named Company is fully
empowered. through it's authorized
agents, to transact It's appropriate
business of Authorized Insurance in this
state according to the laws thereof. un.
til the S1st day Of March. A. D.. 1919.
< In testimony whereof, I have hereunto
set my hand and seal at Bismarck. this
1st day of April. A. D.. 1918.
(SEAL) 8. A. OLSNESS.
- Commissioner Of Insurance..