Show INSURANCE N S U IN I UTAH TOTALS TOJAl BILLION DIlliON BILLIONS S 1 S i I Companies Do Da Thriving Business in State Report Made i Life Insurance companies doing business In Utah during the ten years 1909 to 1919 wrote risks amounting to fire insurance companies I and fraternal benefit societies The premiums received amounted to and the losses Josses paid The number number number num num- ber of companies operating in the state on November 30 was The domestic companies have deposited approved securities with the commissioner commissioner com com- missioner of insurance in compliance with law amounting to the deposits being by five companies These fi ures are arft taken from th the ho hl hi- hi HI r report p rt of of- of Rulon w S. S Wells ll state t ie Insurance commissioner and filed flied with the governor yesterday REPORT MADE The appropriation for the biennium April 1 I 1919 to March 31 1921 and the balance on hand November 30 1920 follows Appropriations by the legislature expended balance on hand for tor the remainder of the biennium ending March 31 1921 Com Commissioner Wells recommends u the enactment of a a fire tire marshal law Jaw the commissioner to be ex officio fire marshal with a salary alary for tOr the combined combined com com- office of ot per year deputy insurance commissioner at a salary of or per year that U a special special fire marshal tax ta of 1 per cent to cover cOYer the added expense to be levied on premiums collected from fire insurance insurance ance companies that a rating bureau law be enacted requiring all fire tire In Insurance Insurance insurance In- In companies to become members members members mem mem- bers and under the supervision of ot the insurance department that the uniform uniform uni uni- form torm mutual bill bilI adopted by the na national national national na- na convention of ot Insurance commissioners commissioners com com- missioners be enacted all companies other than life to be included that the amendments proposed in the eleventh eleventh elev elev- annual r report port of ot the department be enacted The adoption of these I recommendations would add over the amount expended by the of office office office of- of fice at present i SHOWS SURPLUS I During the biennIum just ended the receipts of ot De tae department amounted to and deducting the expense leaves a surplus of I Commissioner Commissioner- Wells Veils is opposed to toa toa toa a consolidation of ot the state Insurance fund with his department believing that such consolidation would not be for the best for either but that the state insurance fund be placed on the same basis as as s other insurance companies companies companies com com- and the department and it should be required to file annual statements and pay the same taxes and fees required of other insurance companies |