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Show ,$600,000 each, one for $900,000 and 'one for $1,500,000. Agents' commissions amounting' in most cases to 25 per cent of the fire insurance premium are included in-cluded in the premium paid by the State. During the five-year period per-iod ending August 1, 1951, this commission has totaled about $42,-000. $42,-000. If an insurance purchase of $36 million is made for the next five-year period, the premium will be $285,000 and the total of the agents' commissions will be $71,-000. million. If these estimates prove to . be correct, state fire insurance coverage cov-erage will be increased to about $36 million in August. The various state agencies and institutions are now in the process of making a valuation for the 1951 insurance purchase. In 1941, the total valuation valu-ation of state buildings and contents con-tents was $10.9 million, and in 1946 it was $16.3 million. The Department of Finance purchases pur-chases all, fire insurance for the State. Purchases are usually made in small policies written for $50,-000 $50,-000 to $300,000 each. Only a few policies are for more than $300,-000 $300,-000 each. At the present time there are 14 policies for $400,000 to State Carries More Than 200 Fire Insurance Policies The State of Utah now carries more than 200 fire insurance policies pol-icies having a total coverage of $32.3 million to protect state-Vide owned buildings and their contents, con-tents, it was reported in a Utah Foundation study released today. Policies amounting to $19 million were reported in August, 1946. Coverage was increased to $19.4 million in 1947, to $25.3 million in 1948, and to the present $32.3 million in 1950, according to the Foundation study. These policies all expire August 1, 1951. Aggregate Aggre-gate premium on the policies purchased pur-chased during the five-year period amounted to $169,000. The 1951 valuations of state-owned state-owned buildings and contents are estimated in the study at $35.9 |