STATE IIAir. INSURANCK IN NORTH DAKOTA 47 



Poi.rCY EXHIBIT. 



Nuiiibfr of policies issued in irjii 1,011 



Number of losses reported in 191 r 131 



Number of losses allowed in 1911 130 



Nmuber of j^oHcies effected 13T 



Total ainoiuit of losses allowed for season of 1911 .... $30,780.63 



]vx])ense ])aid for adjusting same 1,011.70 



making it cost 3.28% to adjust the losses. 



Approved adjustments were paid at 70 % of loss allowed for if)ii. 



1912. — Income. 



Cash in hands of State Treasurer December 2i.st, 1911 . . $1,499.78 



Cash received as payment of ])olicies in 1912 64,840.37 



Total amount received during the year $66,340.15 



DiSBUR.SEMENTS. 



Paid losses incurred during the year 191 1 . . $3,58.40 



Paid agents for adjusting same 47-^5 



Paid losses incurretl during the year 1912 . 57>93^^-^9 



Paid agents for adjusting same 2,447.62 



Clerk hire 2,160.00 



Postage 43-00 



Printing 103.40 



►Advertising 9.95 



Refund to Morton County 4.80 



.Sl)ecial adjuster's expenses .53-25 



Total amount of disbursements during the year 1912 63,164.26 



Balance cash on hand Jan. ist, 1913 $3-175% 



