346 BOARD OF AGRICULTUEE. 



Mr. Mendenhall: Where we make one assessment a year some of the 

 members take advantage of these special policies. 



Mr. Barrett: We do not make assessments at specific times as you 

 do. We make an assessment when the losses run up to a certain amount, 

 and the members never know when they will be made. 



We make the assessment cover the time the insurance was in force. 

 A man is assessed on a special policy of this kind for all the losses that 

 occurx'ed while the policy was in force. 



Mr. Kray: We have the same plan. We charge a fee of one dollar. 



Mr. Kirkman: We have a small slip we call a special policy of insur- 

 ance. It has to be attached to the regular policy held by the party and 

 bears the same number. It thus becomes a part of that policy so long as 

 the insured carries it. We require our applicants to sign these slips. In 

 signing them they agree that it is subject to the same rules as the regular 

 policy. We charge 25 cents for the slips. That goes to the director taking 

 the Insurance to pay for his trouble. 



Mr. Forbes: They say open confession is good for the soul, and 1 

 have one to make today. I have learned something here which I believe 

 is a very good thing for the members of our mutual companies, but not a 

 very good thing for the companies. This is the first time I have ever 

 heard of farmers carrying special insurance on grain. You would prob- 

 ably do the same thing with stock. You do not carry much insurance on 

 grain in llie regulai* poUcies where you have those specials. Whatever 

 you save to your members you save in insurance. While it is not so good 

 for the company, I believe it is a good thing, and whatever you save to 

 the members you save in the end to the company. 



Mr. Collier: What points do you consider should be in every policy? 



Mr. Barrett: I prefer a simple contract. I would have, first, a de- 

 scription of the property to be insured. I am in favor of specific policies; 

 I don't want any blanket affairs. 



Mr. Collier: Do you write the owner and tenant jointly? 



Mr. Barrett: Certainly. The tenant gets the same kind of a policy 

 on his goods that the owner of the building gets. We have joint policies, 

 and have no trouble about that. 



Mr. Clore: In this State an insurance policy is a part of a man's 

 estate. In that case the insurance belongs to that estate until it is admin- 

 istered and divided up. 



