UNITED STATES DEPARTMENT OF AGRICULTURE 

 BULLETIN No. 530 



Contribution from the Office of Markets and Rural Organization 

 CHARLES J. BRAND, Chief 



Washington, D. C. 



May 8, 1917 



THE ORGANIZATION AND MANAGE- 

 MENT OF A FARMERS' MUTUAL FIRE 

 INSURANCE COMPANY 



By 



V. N. VALOREM, Investigator in Agricultural Insurance 



CONTENTS 



Introduction 1 



Purpose of the Company 2 



Business Territory ' 3 



Membership and Voting Privilege ... 3 



Board of Directors 5 



Officers and Committees 6 



Applications for Insurance 8 



Inspection of Risks 10 



Form and Term of Policy 10 



Limiting the Size of Individual Risks . . 11 



Evils of Blanket Insurance 12 



Page 

 Liability of the Company and of the In- 

 sured 13 



Reduction and Cancellation of Insurance 14 



. Fees and Assessments 15 



Classification of Risks 16 



Settlement of Losses 17 



Reserve IS 



Amendment of By-laws and Articles of 



Incorporation 18 



Suggestive Organization and Business 



Forms 19 



WASHINGTON 



GOVERNMENT PRINTING OFFICE 



1917 



