Show V y J 6 T PREMIUM TAX INCOME GROWS GROINS Insurance companies s doing business business busi busi- ness ness In Utah In 1922 paid to tho the state In premium taxes tues the sum of ot compared with y in fn 1921 the tho figures being by the state Insurance f 1 John W. W Walker Valker e premium tax being 1 per pel cen cent the premiums received the to total to- to f tal tat of ot all premiums amounting t to tl 1 r The amount received ed from j agents agents' licenses In 1922 was waR find and In 1921 SO Acts OUi fees were In 1922 as A. A compared with in 1921 f tot f the premium tax Is fa In lieu t To of ot t any ny other general taxes paid b bj by byi i i Insurance companies the fees tees and andi i j the we license licence receipts amounting to f each year may Y be said to tobe tobe t. t be be charged for tor service rendered by byk k the state In operating the depart- depart fl ment ent However the tho actual expenses exi expenses ex- ex i of ot the department were Just j L Ir In 1921 Including the tho salt salV sal- sal V t wy ary paid Pad the commissioner while In 1922 the total of ot expenses was f The department therefore therel there there- i l fore tore has been operated at a net profit to the state of ot about a eo year a average arage rage for the two years I i 11 r In addition to the taxes collected collected collected col- col of or around a year ear earI i Two Utah life ute Insurance compa comps companies nies collected In premiums on Utah business In 1922 almost i- i I and paid out In losses Josses almost 1 f PREMIUMS COLLECTED I. I On all Utah life insurance busness busl- busl 1 l ness reported to the commissioner t premiums premiums- collected were i while losses Josses paid during the ther r 1 year ear were The two Utah l companies have havo an aggregate capital capI capItal cap- cap I Ital Stat c ot at In round numbers surplus of admitted asI assets as- as 1 I sets of or and Income of or These two companies Issued policies In 1922 for Cor and at the end of ot the year ear were carrying close to risks totaling Of these risks riske were classed as Utah business They aggregated 26 an Increase of ot during the year The companies of ot other states carried risks at the close of the year aggregating n an Increase In number of ot risks of ot about and In business writ writ- of close to Business of ot the two assessment ilfe wife life associations In the same period dropped from policies carrying carry carry- ing in to policies for tor But fire Insurance company com corn pang pan is now doing business In Utah the Utah Home Fire The Guardians Guardian's net business Is now reinsured reinsured reinsured re- re reI I insured with the Superior Fire of ot There are fire companies com- com panics anies in the Utah field that have h home offices s in other states tates thir thir- ty eight with homo home offices in foreign foreign for tor- eign countries five the mutual fire associations and two dounty county mu- mu which are arc the Bear River Farmers Including the Guardian the Utah fir fire companies reported capital at surplus at ad admitted admitted admitted ad- ad assets at nt and total to total to- to tal income at just und under r The Bear River RIer Mutual l reports admitted assets of ot and Income of ot The Farmers' Farmers admitted assets are and its total income The former wrote of ot fire tire business and the latter Jatter The Tho Utah Home I Fire wrote of ot fire tire insurance j ance Net lt risks written on fire r tt li M V r ri r ft O ot j 11 jJ d' d 1 t THE SALT LAKE r THE ance ante in tn Utah in tn 1922 1922 by all companies companies compa compa- nies and reporting I compa-I totaled In addition the same companies carried in round nUmbers numbers numbers num nUm- bers ocean marine 12 on motor vehicles on Inland navigation and transportation tornado and windstorm hall hail 1 sprint sprinkler ler leakage riot and explosion and all other forms torms of ot insurance r The Utah Home Fire Firo collected in n premiums on Utah business business business busi busi- ness and paid in I The Bear River company re reported reported reported re- re ported in premiums and In losses paid Ot Other er companies j received In premiums on Utah fire tire I risks an aggregate of ot Just under and paid in fire losses 1 in Utah about I II I |