The Devils Lake world and inter-ocean. (Devils Lake, N.D.) 1915-1920, 1918-07-17
THE DEVILS LAKE. yl ooRLD.1NrER.ocEAN
ABSTRACT OF STATEMENT.
For the Year Ending December 81,

ABSTRACT OF STATEMENT.
For the Year Ending December 81,
A. D. 1917.
OF the conditions and affairs of the Mer-
chants Life Ins. Co. Of Des Moines, Ia, or
ganized under the laws Of the state of
Iowa, made to the Commissioner Of lnsur-
ance of the State Of North Dakota, In pur.
suance of the laws OF said State.
President. w. A. Watts.
Vice President, j. A.. Mcclellan.
Secretary. Il. $. Wilson,.
Principal Office. Dcs Moines. Ia.
Attorney for Service of Process in the
State of North Dakota:
Name. Insurance Commissioner
Location. Bismarck.
Organized or Incorporated. April 4, 1894.
Commenced business. June IA, 1894.
CAPITAL
Amount Of capital paid up
IN caSn ................. 4UV,OOO.VV
ASSETS.
Loans secured by deeds Of
trust or mortgages on real
Premium notes and loans.... 75,ss4.71
Stocks and bonds Ill, 1OS. "a.
Cash on hand and in bank... 1870. S72.03
Interest due and accrued d. 60, 77S.96
Net amount of deferred and
outstanding premiums .... g ,65S.29
Unidentified Assets: \
Agents balances. $40. 49S. 80
Bills receivable g.. 1855. 80
Furniture, Fixtures
n, p!sns ;;:;:::: g s .s;9;aS a.. =.
assets ...........s SIS, o5e.s4 ss,o5s.e4
Total assets .........:.... 81, 7eo, 1886
LIABILITIES.
Policy claims In
process OF adjust
ment. or adjusted
and not due..... $37,
Total policy claims.. 1, 10000
Net present value Of all out
standing policies-"Actuar-
ies." 4 per cent .......... 1,4O3. 69S. 90
Dividends due and unpaid. 3,081.0O
Taxes due and unpaid...... IL, 433.SO
| Amount Of all other liabllt-
| ties lSo,400.-O
Total liabilities ......... $o,o43. 1863. 95
INCOME.
New Premiums ...S142 421.12
Renewal premiums SSG.i1t.0S
4.J56.0S
Total .........S1 .033. 640.88
Deduct premiums .
paid for REIN
Surance ....... 2,OUI.1V
Total premium income. 80. $1,O31, 6SS3. 70
Interest and dividends re-
Income from all other sources 500. 6S1.6S
Total income .......... s1,6ss, 9o3.35
EXPENDITURES.
Paid for losses and additions 463,O2l.94
Paid for surrendered policies 12,213.92
Dividends paid to policyhold-
Cash paid during the year for
commissions and salaries. 170.414.14
Taxes paid during the year.. 16,359.9 80
Cash paid for advertising.... 2.0SO.35
Amount Of all other cash ex.
penditures ................ 2II,UU3.O1
Total expenditures ....... 5 946.23S.21
NORTH DAKOTA BUSINESS.
Whole number Of
IN h North Dakota
during the year,
Total risks taken during the
year in North DAkota...... 133 50o.O %
Total premiums received dur
ing the year In North Da- 5000
Total lesses paid during the
year in North Dakota. none
Total losses Incurred during
the year ................. houe
STATE OF NORTH DAKOTA,
Office of Commissioner Of Insurance,
l, s.. A. OLSNESS, Commissioner OF In
~surance Of the State Of North Dakota. do
hereby certify that the foregoing is a true y
file in this office.
In testimony whereof, 1 have hereunto
set my hand and affixed the seal Of this
Office at Bismarck the first day of April,
A. d. 1918.
(seaD S A. oLsNEss.
Commissioner Of Insurance.
STATE OF NORTH DAKOTA,
Office of Commissioner Of Insurance,
coMPANY's CERTIFICATE OF 40.
THORITY.
Whereas, The Merchants Life Insurance
Company, q corporation organized under
a sworn statement exhibiting its condition
and business for the year ending Deem
Der 81, 1917, confermable to the require
meAts Of the laws Of this state. regulating
the. business Of Insurance, and,
this Office a duly certified copy OF its
charter with certificate Of organization in
compliance with the requirements Of the
insurance laws aforesaid.
missioner Of Insurance Of the State Of
North Dakota, pursuant to the provisions
Of said laws, do hereby certify that the
above named company Is fully empowered.
its appropriate business Of authorized In
surance in this state according to the laws
1915 issi1sse' 'D' : '-'' -
set my hand and seal at Bismarck, this
At fsst day Of April A. 2. 1919;
g. Commissioner Of Insurance.
NOTICE TO CREDITORS
In the Matter of the Estate of
Albert Leonard Soherp Deceased