G3I   BEST'S INSURANCE REPORTS—FIRE ANI) _MARINE.

UNION FIRE LNSURANCE COMPANY—Continued.

GENERAL REVIEW.

This company was organized in September, 1886, under
the title Farmers Union Insurance Company, with head-
quarters at Lexington, Nebraska. In February, 1889. the
company moved its headquarters to Grand Island. and in
1897 to Lincoln. amending its corporate name to the above.
It is the oldest organization of its kind incorporated in
Nebraska.

The company transacts business in the State of Nebraska
only. Its policy contracts are issued on farm property.
churches and school houses, and also on dwellings in cities
and towns, and indemnify the assured against loss of prop
erty by fire, lightning and windstorm. Since early in 1915
the company has also issued policies covering hail damage.

The policies are written upon cash, two-payment, or
annual installment plans for periods of one, three and five
years. The liability of members is an amount equal to
the premium stated in the policy. Aproximately 90% of
its business is issued upon the five-year basis.

On mercantile risks it charges tariff rates, deferriu
15% of the total premium to expiration of the policy, then
declaring it as a dividend. On town dwellings it charges
tariff rates in the principal Nebraska towns, deferring 25%
to the expiration of the policy, then declaring the balance
as a dividend. It charges a fiat rate on small town dwell
ings, hail risks and on cash farm business.

THE UNION \11"Tf"AL INS[`RAN('E COMPANY,

514-513 Rentschler Building, Hamilton, Ohio.

The company carries in its assets deposit premium notes
which represent the total amount of the premium under
either a one, three or live-year policy. The applicant is
permitted to pay his premium in annual installments, one-
third of which is clue within thirty. sixty or ninety days
after issuance of the policy, the balance of the premium
being divided into equal payments for the remainder of
the policy period. The company makes no interest charge
upon deferred payments. yet the entire face of the note is
payable to the company on demand if an emergency should
require it.

Officers.—President, Jos. Al'. Walt: secretary and treas
urer, J. S. Farrell.

Directors.—A H. Armstrong, Willard Kimball, Chas. J.
Warner, C. J. Bills, J. S. Gabel, C. E. Haynie, Jos. W. Walt
J. S. Farrell.

Income, 1919.—Gross premiums written, $613,749.53;
less reinsurance. $86.177 21; less return premiums, $46.-
502.09: total net premiums written, $481,070.23; interest,
etc., $11,409.85; other income, $97.12; total income, $492,-
577 20

Disbnrsc'eneta. 1919.- Net losses paid, $171,242.82: un
derwriting expenses, $199,801.10; dividends to policyholders,
$10,471.40; delinquent notes charged off, $8,300.34: other
disbursements, $1,774 03: total disbursements, $39d,580.69.

GENERAL REVIEW.

This company vats organized under the laws of the State
of Ohio on September 1, 1913. and began business under the
title, Ohio Mutual Automobile Fire Insurance Association.
At first it wrote automobile, tire and theft insurance under
an assessment plan, but early in 1916 it changed its title
to the present one and since that time has been operating

Ohio Casualty Insurance Company, Htimilton. Ohio, which
is a stock company organized in 1919 to write full coverage
on automobiles. Both are experienced insurance men and
under their guidance the company has made good progress.

The following are extracts from the statement of this

any as of December 31, 1919:

UNION MC1["AL FIRE INSURANCE COMPANY,

.Montpelier, Vt.