Show I MUTUAL FIRE Bill TO AMENO STATUTE Extension of th the law In providing pro for mutual fire insurance companies in the tho rural communities of tho the state otAte i is proposed pro posed PO in an amendment to tho the law pa passed ed in tn 1909 1009 submitted to the tho senate today by Senator Willard S. S Hansen lInnen father of t the tho o original measure and founder of ot the tho mutual fire Insurance system in this state The only mutual fire insurance com corn paul now operating in the states state is the Briny Dear Bear ear River Valley Mutual Iut Firo Fire Incur ance company of which Senator Hanson is founder and president This company com corn party pany was or organized in A August U 1909 1900 shortly after tho the law aw providing Pro for such euch concerns went into effect t. t Us its success hn has been remarkable and at tho the last annual meeting on January 1 of this year it ha had policies in ju force aggregating ing Before tho next meeting it is believed the tho amount will ill almost almos reach tho the million mark Senator Hanson Hans explain that under existing conditions ono county in some parts of the state could not raise a sufficient amount of capital or write a n sufficient amount of in insurance to incorporate under tho the present statutes ls By Bv making it possible for two to four con contiguous contiguous cot ti ous counties to combine combino on an organization organization or or- this feature can an bo be overt over come and all parts of tb the state can an have ba mutual fire insurance Senator r hansen says farmers in several southern south south- ern era counties will take ad advantage advantage- of the amendment if it made and organize companies tom com panics at once |