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F. A. ROTHIER, President

ADAM BENUS, Secretary

The Cincinnati Underwriters

Composed of the
Eureka Fire and Marine and Security Fire

INSURANCE COMPANIES OF CINCINNATI

121 EAST THIRD ST.,

CINCINNATI, OHIO

$250,000

184,539

Statement, January 1, 1904
Cash Capital
Reserve for Reinsurance
Unpaid Losses and Other Liabilities
Net Surplus

Total Assets

28,775

152,613 $615,927

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The Equity Fire Insurance

Company

A STOCK COMPANY.

Security to policy-holders. Capital Liable to Call,

$450,000.00 Mortgages and Debentures,

73,261.80 Cash in Banks,

22,294.55 Total Security,

$545,556.35

Advantage of a Large Subscribed Capital.

The recent Toronto fire, by which the insurance companies lost over $10,000,000.00, demonstrated the value of a large subscribed capital. In certain cases where the capital was fully paid-up, the stock was assessed or cut down to meet the deficiency. On the other hand, companies like the “ Equity," with its large subscribed capital, had only to call in the amount desired.

While the losses of the “Equity” were less than $50,000 in the Toronto fire, the directors very wisely called in $100,000 of its subscribed capital. Under the laws of Canada, fire insurance stock once subscribed for is permanently binding upon the sub scriber and can only be transferred upon the vote of the Board of Directors, to a party wholly responsible.

Notwithstanding the fact that Toronto has numerous local companies, nearly all of which were large sufferers by that fire-calling for extra cash funds—it is most gratifying to state, that in each and every case the money required was furnished by the stockholders with a degree of promptness unrivalled in the history of fire insurance.

P. B. Armstrong & Son

United States Managers,

80 and 82 William Street,

NEW YORK.

READY IN AUGUST

Fire Insurance Laws, Taxes and Fees

3 A valuable publication for the use of Fire Underwriters, containing a DIGEST OF THE STATUTORY REQUIREMENTS IN THE UNITED STATES AND CANADA, WITH MANY QUOTATIONS FROM THE STATUTES RELATING TO FIRE INSURANCE MATTERS. THIS WORK ALSO EMBRACES A COMPILATION OF THE COUNTY AND MUNICIPAL TAXES AND FEES REQUIRED IN THE VARIOUS

STATES AND TERRITORIES.

A Series of About

35 SUBJECT INDEXES aid materially in rendering this publication an exceedingly valuable 'one for quick reference. Thus, for illustration, under the heading of "Taxes" is given a list of the States levying taxes upon fire insurance companies, with a column showing the percentage, and another column stating the page of the book upon which more detailed information on this subject is presented. Following the General Index and the Subject Indexes, appear synopses of, or quotations from, the laws bearing upon the below-mentioned subjects in all the States and Territories, and in Canada, the matter relating io each State being grouped together. The topics treated are as follows:

STATE REQUIREMENTS AGENTS DEFINED

FIRE DEPARTMENT TAX PRELIMINARY DOCUMENTS AGENTS LICENSES FIRE MARSHAL

PUBLICATION
ANNUAL STATEMENTS FOREIGN COMPANIES' HOME RECIPROCAL LAW
ANTI-CO-INSURANCE

OFFICE STATEMENTS REINSURANCE
ANTI-COMPACT
GENERAL PENALTY

REINSURANCE RESERVE
ATTORNEY
IMPAIRMENT

RESIDENT AGENTS CANCELLATION OF POLICY INVESTMENTS PRESCRIBED SEMI-ANNUAL STATECAPITAL REQUIRED LICENSED BROKERS

MENTS
DEPOSIT

LIMIT ON A SINGLE RISK STANDARD POLICY
DOMESTIC COMPANIES
LLOYDS

TAXES
EXAMINATIONS
MISCELLANEOUS

TAX STATEMENTS
FEES
MUTUAL COMPANIES

VALUED POLICY
County Taxes and Fees

Municipal Taxes and Fees Under the last two titles are listed the counties and towns known to require taxes or fees to be paid by fire insurance companies or their agents, with their respective amounts or percentages.

The general plan of "Fire Insurance Laws, Taxes and Fees" contemplates digesting the laws on the above topics in cases where there is no apparent ambiguity of meaning; but to quote in extenso portions of the statutes which are deemed to be susceptible to more than one interpretation.

The codification of the system of county and municipal taxes and fees is unique, having in no other publication, we believe, been undertaken for the whole country.

FIRE INSURANCE LAWS, TAXES AND FEES is a handsome book of about 340 pages, bound in law sheep. Every officer, department manager, and special agent of a fire insurance company should possess a copy of this work, which, for general purposes, is more than a substitute for a large library of law books.

SENT, EXPRESS PREPAID, ON RECEIPT OF FIVE DOLLARS.

Fire Insurance Law Chart

This very convenient chart, issued annually in August by The Spectator Company, contains in tabular form a summary of special State Laws relating to statements required of fire insurance companies and other matters. Its purpose is to show what States have standard policy, valued policy, resident agents, anti-co-insurance and anti-compact laws, or those prohibiting reinsurance in unauthorized companies. It also states whether home-office statements are required of foreign companies; gives the final date when annual statements may be filed, and fees for filing same; when tax statements are required, and percentage of tax; the date of expiration of local agents' licenses, and license fees. The information is given regarding each of the first six subjects by a simple "yes" or "no" for each State; under the other headings the information is given complete, dates, amounts, etc., in full.

Variations are amply, covered by explanatory footnotes.

The chart is printed in two colors, the word "yes" appearing in red in every instance, and the word "no" in black. The chart is brass tipped top and bottom, and is printed on excellent bond paper, so that it may be hung up in a convenient place for ready reference.

This chart is designed to solve many vexatious questions that arise as to the requirements of the different States upon the points enumerated. In this chart the answers can be seen at a glance. The compilation has been made with great care, involving much labor and research. Having been approved by the officials of the various Insurance Departments, it is believed to be correct in all its details.

PRICES $76.00

PER HUNDRED
$10.00

PER DOZEN $40.00

PER FIFTY
1.00

PER COPY

THE SPECTATOR COMPANY

PUBLISHERS 95 WILLIAM STREET

NEW YORK

The Berkshire Life Insurance Incorporated 1851 Company

of Pittsfield, Mass.

Reasons Why It Should be Preferred by Those Desiring Insurance.

It has the benefit of over fifty years' successful experience.
Its business is conducted on the mutual plan, thus enabling members to get their insurance at cost.
It has always paid large dividends, thereby making the cost of insurance low.

It maintains a reserve for the protection of policyholders, on the Massachusetts Standard, the highest basis required by the laws of any State,

It has a large surplus over the legal reserve and all other liabilities.
Its conditions as to travel and residence are very liberal.

Its policies are protected by the non-forfeiture laws of the Commonwealth of Massachusetts, which secure greater benefits to members than those of any other State.

It has always maintained a high reputation for just and liberal treatment of its members by promptly adjusting and settling all policy claims, a proof of which is the fact that no judgment has ever been rendered against it.

JAMES W. AULL, President JAMES M. BARKER, Vice-President

THEO. L. ALLEN, Secretary J. M. LEE, Actuary

ROBERT H, DAVENPORT Ass't Sec'y Agents in all the Principal Cities and Towns

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