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Auto Insurance Company 

 Hangs up New Records 



WITH two outstanding speakers, 

 Earl C. Smith, president, and 

 Hon. John Gutknecht, Judge of 

 the Municipal Court, Chicago, on hand 

 to lend color to the proceedings, the 

 annual meeting of Illinois Agricultural 

 Mutual Insurance Company, in the 

 Armory, Decatur. Jan. 29, was ex- 

 ceptionally well attended and no one 

 went away disappointed in what they 

 heard or saw. The meeting was one of 

 the highlights of the three day con- 

 vention. 



The meeting opened with the annual 

 report of Mr. Smith in which he pointed 

 out the strides made by the company 

 during the year. "The year 1935 was 

 one of far greater activity than any 

 past year," he said. "E^rly in the year 



your board of directors, after careful 

 study and advice from counsel, actuary 

 and manager, determined to offer pol- 

 icyholders who renewed on and after 

 April 1 a new contract called the 'Cash 

 Premium Policy' which contained the 

 broadest provisions of coverage ever 

 offered to the public in this state. . . . 

 The machinery was set up for re-writ- 

 ing nearly 40,000 policies. Beginning 

 on April 1 as each policyholder re- 

 newed his insurance there was re- 

 turned to him the non-assessable new 

 'Cash Premium Policy' with a guar- 

 anteed rate." 



Tlie report further revealed that the 

 company will have completed its ninth 

 vear on March 31, 1936. On December 

 31, 1935 the company had 46,816 policies 



AT THE ANNUAL MEETING OF ILUNOli 

 Agricultural Mutual, Jan. 29. Left to right: 

 President Earl C. Smith, Judge John Gutknecht 

 -tf the Chicago Municipal Court, C. E. Bam- 

 borough, secretary, A. E. Richardson, manager. 



in force of which 45,056 were on auto- 

 mobiles and trucks, 1,720 employers' 

 liability and 40 on 4-H Club calves. 

 During 1935 the company wrote the 

 greatest number of policies in its his- 

 tory. The number of automobile pol- 

 icies written was 11.164, employers' 

 liability policies 456 and 40 4-H Calf 

 Club policies covering 1,210 calves. 

 Thirty-two master policies covering 

 1,412 calves were also written. Pre- 

 miums totaled $992,205.50 of which 

 $658,445.45 was earned. 



Increased frequency of accidents was 

 pointed out by A. E. Richardson, who 

 gave the manager's report. It was 

 shown that in 1933, 18.8 per cent of 

 Illinois Agricultural Mutual policy- 

 holders were involved in accidents. In 



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I. A. A. RECORD 



