Jamestown weekly alert. [volume] (Jamestown, Stutsman County, D.T. [N.D.]) 1882-1925, 1921-05-05
CHANGES IN N. D.
HAIL INSURANCE
LAW EXPLAINED
More Prompt Payment Of
Losses in the Fall Object Of
Changes Permanent Re-
volving Hail Fund 7 ssided
For-Other Provisions.

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The Hail Insurance department
for the information of land owners
and farmers has prepared a copy
of the new hail insurance law show
ing some of the most important
changes. The amended bill passed
the legislature ofsA921 almost .un-
animously. eAgaslature has at
tempted to provids7nr more prompt
payment of losse in sthe fall This
was the 1nostesarious objection to
the old law. Tie new law provides
for a permanent revolving hail fund
During 1921, ,22, i.,23.4and '25 the
cent flat tax, which amounts to
approximately $S30,000 per year,
will be set aside and in the course
of five years will accumulate a fund
Of over S4,O00,OO0. Since this fund
IS revolving, it will make possible
The payment of losses in the fall to
the extent OF $8O0,0O0 after the first
wear Of its operation, $1,G00,00O al
ter the second year and so on until
after the fifth year all losses can be
paid in the fall. This feature, be-
sides enabling prompt pavement, will
effect a saving in interest OH war
rants Of from $4,000 to $150,000
YEARLY.
An increase in the amount of pro-
lection is permitted under the new
law and crops can be insured to the
amount. Of seven or I TEN sH(lUifars per-
acre. Any farmer before the 1st Of
July may apply to the State Hail IN
surance Department thru the County
Auditor, for an additional $500 per
acre insurance. This means that the
State will furnish $500 or $1,000
protection. per acre:-the indemnity
tax to be in proportion to the pro-
lection, the maximum remaining so
cents per acre for $500 protection
end II cents per acre for $1,000
protection.
1t is compulsory to list all lands
N the State for Hail Tax purposes,
and the new law provides that no
Indemnity can be paid on land that
was not listed for insurance. It is
he duty of the Assessor to list all
cropped land or land intended to be
cropped, as well as all tillable lands.
If the Assessor fail to do so, the
owner or tenant may list the land
prior to June 10th of any year with
he County Auditor. Where the
owner or tenant fail or neglect to
list the land, no indemnity for hail
loss will be allowed. 1t is not only
+he assessors duty to list the land.
hut also the duty of the owner and
+enant to see that the land is listed.
Withdrawal Date Advanced
In some sections of the State, it
was found that by the 14th of June
(the last day on which withdrawal
could be made) it was often diff
cult for a farmer to, determine wheth-
er he was going to have any crop
worth insuring. Very often rain
IN the following two weeks would be
the determining factor. To satisfy
the demand for later withdrawal
date, the new law provides that
where SO desired, farmer can ap-
My prior to June 14th of any year
for an extension Of time for with
drawal up to July first. If no with
drawal is made July first. the crop
is automatically insured, If proper
ly listed. If extension of withdraw
al time has been applied for the
crop is not insured up to July first
unless the insurance is reinstated by
notifying the County Auditor or Hail
to cancel the application
for extension Of withdrawal.
Homestead and Indian Lands
Homestead lands not patented and
Indian lands may be insured by ap-
plying for such insurance direct to
the Hail Insurance Department
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