PROCEEDINGS IOWA STATE FAIR MANAGERS ASSN. 61 



Twenty-four-hour protection is the best procurable now, but rate is pro- 

 hibitive." 



Marshall County: "I estimate that if we had carried rain insurance 

 for the past 17 years, the time our fair has been in operation, the cost 

 of the insurance for this period of years based on the rate quoted in 



1921 and 1922, we would have been out at least $7,500. For a period 

 of years I think it is a losing game for the fairs, otherwise the insur- 

 ance companies would not be so anxious for the business." 



Worth County: "Nine fairs have been held under our present man- 

 agement and out of this number only one has in any way been affected 

 on account of rain, and this was the only year that did not show a profit. 

 This is likely the reason why we have not been more interested in rain 

 insurance. We believe, however, that it is only a matter of time until 

 rates on this class of insurance will be established so that we can all 

 take out a reasonable amount. I am in favor of rain insurance." 



Kossuth County: "Our experience with rain insurance has been very 

 satisfactory. Last year the policy cost us about $800 and we collected 

 $1,450. This year on September 7th we had .24 of an inch rain early 

 in the morning which did not spoil our day, but in fact benefited us, 

 nevertheless we collected the $3,000 insurance carried that day because 

 of the form of the policy we took out." 



Sac County: "I think it is the only thing for fairs and other outdoor 

 attractions. If you get rained out the insurance comes in mighty handy, 

 and if you have good weather the premium does not amount to much. 

 Our insurance this year called for .20 of an inch of rain within a certain 

 period. We got .21 of an inch and were able to collect." 



In summing up the comments on rain insurance it is evident that the 

 secretaries are about equally divided for and against insurance. Ac- 

 cording to these reports the average rate on all insurance written in 



1922 was 11.5 per cent and the average rate for 1921 was 8.3 per cent. 

 The replies would also indicate that the change in the forms of policies 

 written this year resulted in decreasing the liabilities of the insurance 

 companies, and for that reason the fairs did not receive the protection 

 and benfit they did under the policies written in 1921. 



For the information of this organization I am attaching hereto a de- 

 tailed statement showing the amount of insurance carried, cost and the 

 amount collected by the 42 fairs that carried insurance this year. 



