Jasper County Democrat, Volume 16, Number 80, Rensselaer, Jasper County, 7 January 1914 — Farmers’ Mutual Insurance Company [ARTICLE]

Farmers’ Mutual Insurance Company

The 17th annual meeting of the Farmers’ Mutual Insurance Association of Benton, Jasper and White Counties will be held in Remington, January 10th, 1914. This association has had a most prosperous year in point of increase of new insurance and the losses were about normal. The Secretary’s report will show $.220,000 net new business has been written which Same, same 33.75 brings the total amount of insurance in force January Ist, 1914, to $2.600,000. The 1913-14 assessment has been made which will be 10 cents per SIOO to pay present indebtedness,

and-19 cents for future losses, or 20 cents in all on the SIOO.OO on the face of policies. The rule of the Board of Directors is to make but one assessment per each year. Of course the assesments have varied for different years from 0 to 33 cents. The rate has never gone above -5 cents butt? twice, one year 29 cents, once 33 cents. The yearly average cost per the SIOO.OO being about 22 cents, which is certainly cheap protection against loss by fire and lighting as compared to 50 cents for SIOO.OO in old line companies. The assessments are paid at the end of the year, instead of in advance as in old lines which makes the saving of interest on premiums quite an item. The success of this association has proved the wisdom of the co-operative efforts, this Company giving as safe, as fair and as cheap protection for its members as can be written. It’s dealings have always been on the square and it has met its losses promptly. Hence it s popularity with the progressive farmers in it’s chosen field of useI illness.-—Advertisement.