348 BOARi) OF AORICtTLTUKE. 



Mr. Collier:- It does. Our company charges an expense account 

 against every policy evei-y year. 



Mr. Kirkman: If no loss occurs during the time a special policy is in 

 force we charge twenty-live cents for talving it out and two and one-half 

 cents on each liundred dollars to pay annual expenses. Every policy car- 

 ried pays five cents a year on each one hundred dollars, for expenses. 



Mr. Collier: The parties that carry the best lines of insurance are 

 the ones who look most carefully after their short term policies. These 

 are the men who come in and say they want to take additional insurance. 

 Of course short term policies can only be taken by members. 



We write the personal property of tenant farmers. Suppose a man 

 lives on Mr. Smith's farm this year and next year he moves to Mr. Jones' 

 farm, we must know where he is going. We make an endorsement on 

 his policy allowing him to be insiwed in his new location. There is but 

 one place in which the goods are insured. When the goods are moved the 

 insurance holds good in the new location. 



We give notice of cancellation. I believe the officers of a company 

 should have jurisdiction enough over the business so that if they believe 

 a risk is inimical they shall have the privilege of canceling the policy 

 after due notice. Again, in the event tlie provisions of the policy have not 

 been complied with, or if the assessment has not been paid, the company 

 must make itself safe by mailing an otiicial notice of cancellation to the 

 holder of the policy. It is not enough to say on the policy that unless the 

 assessment is paid within a certain time the insurance will cease. When- 

 ever you notify a man that his policy is canceled for non-payment of 

 assessment and dues you are safe. Our notice says the policy may be 

 reinstatt d wilhin a certain time. If I am very particular I register this 

 notice. 



REPORT OF A LOSS. 



WILLIAM WATLINGTON, MADISON. 



Mr. rresident and Gentlemen of the Insurance Companies' Union — On 

 receiving notice from our Secretary assigning to me the topic "Report of 

 a Loss," it was in accepting the same that my thoughts were along the. 

 line on which our company makes these reports — which are made in con- 

 nection with the adjuster's report — but on receiving the printed program, 

 I found the "adjuster's report" and "report, of a loss" were separate divi- 

 sions of this general subject, a "Model Mutual Insurance Company." 



So in ti-eating this subject along the line which I have concluded was 

 intended by the program I fear 1 will not able to give, or even suggest, an 

 outline for an ideal "report of a loss" by the insured. 



