INSUEANCE SOCIETIES 149 



meeting, the highest authority of the society, consists of repre- 

 sentatives, one for each of the twenty divisions into which the 

 country is divided for the purpose of administration. Members 

 are grouped around the dairies in their district ; meetings of 

 all members of the insurance society living in the various dairy 

 districts are held at the dairies every third year, immediately 

 after the annual general meetings of the co-operative dairy 

 societies. At these meetings representatives are elected for 

 the dairy districts, one for each ; these representatives, together 

 with delegates from each of the dairies, meet every three years 

 within each of the twenty divisions, and elect the representatives 

 to the general meeting, one for each division. The general 

 meeting elects the board of management, consisting of five 

 members. The board appoints a managing director. 



In 1916 compensations were paid to the total amount of 

 £30,000. In 1917 the society w^as authorised by the Minister 

 of the Interior to cover risks under the Law of 6th July, 

 1916, consolidating previous enactments relating to accident 

 insurance. 



There is one Co-operative Life Insurance Society, called 

 " Tryg " (i.e. secure), formed in 1904. 



In 1899 the co-operative bacon factories formed a mutual 

 employers' liability insurance against accidents ; in 1914 a 

 mutual marine insurance and a mutual war risk insurance. 



