STATE HAIL INSURANCE IN NORTH DAKOTA 43 



person as adjuster and the official adjuster shall appoint another, and the 

 two shall elect a third, and the three shall then proceed to adjust the loss 

 in the manner above described, the judgement of the majoritj^ to be binding 

 upon both parties as the final determination of said loss. 



As compensation for their services the official adjusters receive five 

 dollars a day and actual expenses while engaged in the performance of their 

 duties, and all persons called to assist them in adjusting losses shall receive 

 $2 a day while so engaged. 



The Commissioner of Hail Insurance, on receiving from the county 

 auditors the complete returns showing the number of acres insured for 

 the year, shall sum up the total hail insurance fund available for that year ; 

 when he shall have received a complete return from all of the hail losses 

 in the State as adjusted and allowed he shall sum up the total of such 

 amounts for that year, and he shall sum up the expenses of his office in 

 accordance with rvdes prescribed in the Act. The total of such expense ac- 

 count shall first be deducted from the total amount of the hail insurance 

 receipts for that year and paid, and if the balance remaining is sufficient 

 all hail losses shall be paid in full as allowed by the adjusters, but if the 

 expenses and hail losses shall exceed the amount of hail insurance receipts 

 for that year, the expenses shall be paid first and the losses shall be paid 

 pro rata. Should there be a surplus after paying expenses and losses, such 

 surplus shall remain in the State treasury in the hail insurance fund to be 

 drawn upon in future years in which there may be a deficienc}^ 



When the Commissioner of Hail Insurance has figured up the whole 

 year's business as indicated above, he shall prepare and furnish to the State 

 auditor a certified list of the losses arranged by counties, with the names 

 and addresses of persons who have suffered loss and are entitled to com- 

 pensation, the appraised losses, and the amount to be paid to each person. 

 The State auditor shall then draw warrants for these amounts upon the 

 State treasurer, to be charged to the hail insurance fund, and such war- 

 rants shall be mailed forthwith to the persons entitled thereto. 



§ 2. The act in operation. 



Hail Commissioner W. C. Galbreath in drawing up the first biennial 

 report dealing with the years 1911-1912 remarks : 



« The fact that the State had entered the insurance field subjected 

 the law and its methods to criticism, and its low rate was made the target of 

 ridicule by those who were opposed to the measure. During the year igii 

 there were 1,011 policies written and % 26,109,144 collected in premiums. 

 When the expenses of conducting the affairs of this company, including 

 books, .stationery, salaries and fees for adjustment of losses, which amounted 

 to S 3,421,63, leaving a balance of S 1,129.33 for future contingencies, 

 were deducted, there was distributed among the policy holders the sum 

 of $ 21.188,03, or seventy cents on the dollar for the losses sustained «. 



