SYRACUSE Life UnderwRITERS' ASSOCIATION

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Stewart; executive committee, Henry W. Marshall, A. C. Arnold, Philip B. Shillito, Homer B. McKee.

SURETY UNDERWRITERS ASSOCIATION OF MILWAUKEE. The present officers, elected in 1915, are: President, A. A. Miller, Maryland Casualty; vice-president, William F. Wolff, Fidelity and Deposit; secretary, H. W. L. Niemeyer, Ætna; treasurer, Jacob Kramer, Royal Indemnity.

SURETY UNDERWRITERS ASSOCIATION OF THE CITY OF NEW YORK. Organized 1909. The present officers, elected in October, 1915, are: President, Alonzo Gore Oakley, United States Fidelity and Guaranty; vice-president, Edward C. Lunt, Fidelity and Casualty; secretary and treasurer, Lester S. Moore, American Surety; executive committee, William H. Conroy, Massachusetts Bonding; Fred C. Williams, Globe Indemnity; W. C. Armitage, National Surety; and H. T. E. Beardsley, Southern Surety.

SYRACUSE LIFE UNDERWRITERS' ASSOCIATION was organized at a meeting held in November, 1904, and the following officers were elected: President, Pancoast Kidder, Mutual Life; first vice-president, Charles F. Whitney, Provident Savings Life; second vice-president, C. H. Tennant, Prudential; secretary and treasurer, Arthur C. Boshart, Mutual Life. The present officers elected at the annual meeting in January, 1915, are: President, Henry Phillips, Northwestern Mutual; vice-presidents, H. P. Wicks and George Burnap, Prudential; secretary, William G. Marot, Equitable Life.

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TACOMA LIFE UNDERWRITERS' ASSOCIATION, Tacoma, Wash. This association was organized in November, 1912. Officers were elected as follows: President, J. C. Reid; vice-presidents, Ralph C. Angell and C. F. Widdmann; secretary, G. H. Jackman; treasurer, J. E. Horton. The present officers, elected in December, 1914, are: President, Carl F. Widmann, Equitable Life; vice-president, H. L. Pelletier, Travelers; second vice-president, Arthur Finley, Penn Mutual; secretary, George Jacobs, First National Life; treasurer, C. H. Nelson, Reliance.

TALBOT, WALTER LE MAR, president of the Fidelity Mutual Life Insurance Company of Philadelphia, was born in Philadelphia, Pa., August 23, 1870. He attended the public schools of Philadelphia and later completed his education under a private tutor. He began his insurance career when eleven years of age as office boy with the Fidelity Mutual, passing through various stages of promotion in office and field to the position of president. He is a member of the vestry and rector's warden of the Protestant Episcopal Church of the Annunciation of Philadelphia, member of Art Club of Philadelphia, the Manufacturers' Club, the City Club, the Economic Club of Philadelphia, a director of the Third National Bank of Philadelphia, and a director Juvenile Association of Philadelphia.

TAXATION OF PREMIUM RECEIPTS. The following is a statement of the taxes and fees imposed on insurance companies of all classes by states (corrected to September 1, 1915.)

Alabama-11⁄2 per cent. on gross premiums, less return premiums and reinsurance in authorized companies; also one-fifth of 1 per cent. for fire marshal; also municipal tax, not to exceed 4 per cent., fire and marine companies; life and miscellaneous companies, 2 per cent. gross premiums return premiums and reinsurance in authorized companies; mutual aid associations, I per cent. Fees: Company's license, $101; agent's license (each member of firm), $3.50; permit, secretary of state, $10.

Alaska 1 per cent of amount of all premiums, all companies. Fees: Filing certificate of qualification, $5; filing power of attorney, $5. Arizona- All companies, 2 per cent. on gross premiums less return premiums and reinsurance in admitted companies. Fees: Filing articles of incorporation, $25; amendments thereto, $10; certificate of authority, $50; renewal of certificate, $30; filing annual statement. $25; copies of papers, per folio, 20 cents; filing other miscellaneous papers (each), $1; each agent's license, $2; filing power of attorney, service of process, $5.

Arkansas - Fire companies, 11⁄2 per cent. on gross premiums less return premiums and reinsurance in authorized companies; life and casualty companies, 11⁄2 per cent, gross premiums. Fees: Filing copy of charter, $15; annual statement, $10; agent's license, $2; certificate of authority, company, $2; copy of charter, $15; annual statement, $10; certificate of authority. $2; agent's license (each member of firm), $2. Foreign incorporated concerns must pay a fee of $500 to do business. Copy of records, 20 cents per folio and $1 for seal.

*Reciprocal or retaliatory law in force.

+Franchise tax is imposed on amount of authorized capital as follows: Less than $500,000, $100; over $500,000, $200; mutual companies, $50; penalty of 25 per cent. if not paid by August 10.

TAXATION OF PREMIUM RECEIPTS

513 California* - All companies, 14 per cent. gross premiums less return premiums and reinsurance in authorized companies. Fees: Filing certified copy of charter or articles of incorporation and certificate of organization, $55; annual statement, $20; amendment to articles of incorporation, $10; appointment of general agent and stipulation for service of process, $5; filing bond, $5; annual certificate of authority, $10; agent's license, $1; certificate of deposit (foreign companies), $5: issuing certificate of deposit, $5; certified copies of papers, $1; registering each policy, $1; attaching seal to papers, $1; issuing any other certificate, $1; furnishing copies of papers, per folio, 20 cents. Colorado*- 2 per cent. on gross premiums, less net reinsurance premiums in authorized companies and return premiums on risks cancelled other than reinsurance risks, Fees: Filing certified copy of articles of incorporation (on organization of company), $50; power of attorney and statement preliminary to admission, $50; filing copy of charter and examination thereof, $30; annual statement, $50; certificate of authority, $5; copy of certificate for agents and solicitors (each member of a firm), $2; affixing seal of office and certifying any paper, $1; each copy of paper filed, per folio, 20 cents. Connecticut - 2 per cent. on gross premiums by companies of foreign countries; United States companies reciprocal provisions. There is also a franchise tax on domestic stock and mutual companies (enacted in 1915). Fees: Filing copy of charter (surety companies only), $10; preliminary statements. $10; annual statement. $10; any additional paper required by law, 25 cents; license to company, annual, $10; agent's certificate of authority issued to a corporation only, $4; non-resident broker's license, $10. Foreign companies - filing copy cf charter, $30; preliminary of annual statement, $20; license to company, annual, $50; agent's certificate of authority, $2. Delaware* Fire and miscellaneous companies, 12 per cent. on gross premiums, less return premiums on cancelled policies and reinsurance premiums received from companies authorized and which pay taxes on original premiums; also franchise tax of three-fourths of 1 per cent. on fire premiums; life companies, 2 per cent. gross premiums. Fees: Filing certified copy of charter, $10; annual statement thereafter, $10; publication of abstract of annual statement (estimated). $5; certificate of authority to company, $27; agent's certificate of authority, $2; state license, $5.50. The first three charges above also apply to fraternal societies. District of Columbia --Fire companies, 11⁄2 per cent. on gross premiums, less reinsurance and return premiums, except mutual companies. Life and miscellaneous companies, I per cent. Fees: Filing certified copy of charter, appointment of attorney and annual license, $10; policy writing agent's license, $50; broker's license, $50; solicitor's license, individual, $5; industrial solicitor's, $2; annual license, fraternal societies, $5.

Florida 2 per cent. on gross premiums received in the state except local companies. Fees: Filing annual statement, $10; annual state license, $200; annual license for plate glass insurance companies, $50; agent's license, each member of firm, $5; license for traveling agent or solicitor, $25; license for each adjuster, $10; license for each rate agent, $25. Counties, cities, and towns may require a license fee for traveling agents or solicitors of $5 for each county in which business is done, and for each agent not to exceed $2.50. Sick and funeral benefit companies pay the agents' license fees, and $100 for state license, and $5 for filing annual statement. Georgia* All companies, 1 per cent. on gross premiums. Fire companies deduct return premiums. Local agents' occupation tax (fire and life companies), $10; state agents' occupation tax (fire and life companies), $50. Fees: Fire insurance companies in lieu of all other fees, $200; filing annual statement, all other companies, $20; copy of charter or certificate of no change in charter since last filing $20; agent's license (one to a firm), $3; beneficiary order's license (no other fees or taxes), $40; state agents, assessment companies, $25. Hawaii -Fire and miscellaneous companies, 2 per cent. on gross premiums, less return and reinsurance premiums in authorized companies when placed through local agents. Life companies, 2 per cent. on gross premiums, less return premiums and reinsurance premiums, and actual operating and business expenses. Fees: Filing copy of articles of incorporation, $25; annual statement, $10; annual statement of business in territory, $10; power of attorney, $1; and stamp duty for same, $1; any other paper, $1; certificate of authority, $10; and stamp duty, 50 cents; agent's license, $2; and stamp duty for same, 50 cents; copy of records, 25 cents per folio; and for seal, $1.

Idaho Fire companies, 2 per cent. on gross premiums, less return premiums. Life and all miscellaneous companies, 2 per cent., gross premiums. Fees: State license $50; filing financial statement, $50; charter, $10; power of attorney, $2; publi

* Reciprocal or retaliatory law in force.

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TAXATION OF PREMIUM RECEIPTS

cation annual statement (life only), $10; agents' certificate (all classes), $3. There is also an annual fee for state license and filing statement in addition to and the same as the above. Copy company's state license, $3; for affixing official seal and certifying any paper. $1; for receiving and forwarding copy of summons, $2; for copy of any paper filed, 20 cents per folio. Fraternal beneficiary orders pay the following fees: Filing financial statement, $25; and also $25 for filing annual statement; filing charter, $10; power of attorney. $2; permit on entry. $5; and also $5 for annual permit. A fee for filing charter on entry is also imposed according to amount of capital as follows: Mutual companies, $5; $25,000 capital, $10; $25,000 to $50,000 capital, $20; $50,000 to $100,000 capital, $40; $100,000 to $500.000 capital, $60; $500,000 to $1,000,000 capital, $100; exceeding $1,000,000 capital, $150. Illinois-lax on net receipts same as other personal property, but cities may lay not exceeding 2 per cent. on gross premiums of fire and marine companies for fire department. Illinois companies are exempt from taxes on premium receipts; also onefourth of 1 per cent., gross premiums, for fire marshal. Fees: Filing certified copy of charter, $30; annual statement, $10; agent's license (one to a firm), $2; fraternal societies, filing annual statement, $5; licenses, $10.

Indiana - 3 per cent. less losses and return premiums, all companies. Fees: Filing and examining annual statement, $25; certificate of authority, $5; agent's license. $3; two copies of annual statement for publication, $2. Assessment, life, and casualty companies, admission, $45; filing annual statement, $25; agent's license, $1; publication, all companies, per year, $48.

Iowa Fire companies, 21⁄2 per cent. gross premiums, less return premiums on cancelled policies and reinsurance premiums paid to companies licensed in the state. Life and miscellaneous companies. 2 per cent. gross premiums. Fees: Filing copy of charter or articles of incorporation, $25; annual statement. $20; certificate of authority renewed annually, $2; agent's license (one to each member of a firm), $2; two certificates of authority for publication (fire and casualty companies). $4; one certificate of authority for publication (assessment associations), $2; filing statement and issuing certificate of authority, fraternal societies (no other fees), $25.

Kansas 4 per cent. on gross premiums by foreign fire companies, less return premiums on cancelled policies. Other companies, 2 per cent. on gross premiums. Fire companies in addition pay 2 per cent. on gross premiums in cities having fire apparatus worth $1,000. Fees (on application for admission): Fraternal societies. $25; assessment life and accident companies, $115; all other companies, $156; annual license, annual statement and certificate of authority (assessment, life and accident companies), $115; filing annual statement, fraternal societies. $20; all other companies, $50; agent's license (each member of firm), $2; school fund fee. fire, life, and miscellaneous companies, $50. Kentucky* 2 per cent. on gross premiums; fire companies deduct return and reinsurance premiums; also one-third of 1 per cent. on gross premiums for the fire marshal's office; also a special tax for maintenance of state insurance board. Fees: For filing charter, $30; annual statement, $25; filing declaration of intention to form company, $30; any additional or supplemental statement, $25; license to each agent other than life, $3; life companies, $5; industrial life, $2; seal of office with certificate, $1; copies of papers on file, 20 cents per folio. Louisiana* No per cent. tax. Companies are charged specific amounts for licenses, graded according to amount of gross premiums received on Louisiana business. Fire companies deduct return and reinsurance premiums; municipalities may collect the same license as the state; also two-fifths of 1 per cent. on gross premiums for fire marshal. Fees: Certificate of authority, $10; agent's license (one to a firm), $2; annual statement, $15; seal of office with certificate, $1; filing and furnishing certified copy of attorney, $5.

Maine* 12 per cent., gross premiums, less return and reinsurance premiums; policies issued on farm property exempt; inter-insurers 2 per cent. gross premiums, less amount actually returned to policyholders. Fees: Certificate of authority on admission, $20; agent's license, $2.

Maryland* -Fire and marine companies, 2 per cent. on gross premiums received in state, less return premiums and reinsurance in authorized companies; life and casualty companies, 11⁄2 per cent. on gross premiums. Unauthorized insurance (by holder of policy), 5 per cent. and $1 on each policy for making record. Fees: Certificate of authority (life), $300; (fire), $100; casualty and surety (companies of foreign countries only), $100; fraternal societies, $25; filing charter, $25; statement, $25; general agent's license, $10; sub-agent's (fire and marine), $ro; life and casualty, $2; abstracts for publication, each, $2.

*Reciprocal or retaliatory law in force.

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Massachusetts* — Fire and marine companies, 2 per cent. on gross premiums of other state and foreign companies, with deductions for reinsurance and return premiums. Life companies, one-quarter of 1 per cent. on the net value of all policies held by Massachusetts policyholders. All other companies, 2 per cent. with above deductions. Fees: Filing copy of charter, $30; statement on admission, $20; annual statement, $20; agent's license (one to a firm), $2. Michigan-Fire and marine companies, 3 per cent. on gross premiums, less return premiums and reinsurance when the tax has been paid on the original premium; casualty companies, 2 per cent. less return and reinsurance premiums; all other companies 2 per cent. gross premiums. Assessment companies, no taxes. Fees: Governed by retaliatory law. Minnesota* - 2 per cent. on gross premiums, less return premiums; 2 per cent. additional on gross premiums of foreign companies received in cities maintaining fire patrols for the expenses of the fire patrol, and three-eighths of 1 per cent. on gross premiums less return premiums for the fire marshal's office. Fees: Filing copy of charter or articles of incorporation, $30; annual statement, $20; certificate of authority, '$2; renewal, $2; agent's license (one to each member of a firm), $2; renewal $2; valuing life policies, one cent for each $1,000 valued, except in case of assessment policies valued as yearly renewable term, when charge shall be $10 per day; three abstracts of annual statement for publication, $10; license to place insurance with unauthorized companies, $10; broker's license, $10; accepting valuations of policies of other states, $50; certified copy amendment to articles of incorporation, $10; each certificate including certified copy of certificate of authority, renewal, valuation of life policy, corporate condition or qualification, $1; receiving and forwarding a copy of summons or other process, $2; copy of records, 20 cents per folio and $1 for certifying same; certificate of authority, fraternal orders, $10. Mississippi All companies, except life, 21⁄2 per cent. on gross premiums, less return premiums; fire companies, also one-fifth of 1 per cent. for fire marshal tax; life companies, 24 per cent. of gross premiums less death claims, matured endowments and cash dividends paid in the state during the year. Fraternal orders exempt. Fees: Filing preliminary statement, $20; annual statement, $10; certified copy of same, $5; any other paper required by law, $1; certificate of authority, general agent, $3; agents', $2; certificate of compliance. $2; service on commissioner, $2; designation of commissioner for service of process, $1; copy annual statement, $5; publication of same, $9; examination in addition to per diem expenses, $25; abstract of annual statement for filing with chancery clerk, $2. Missouri 2 per cent. on gross premiums, less return premiums and reinsurance in authorized companies; 5 per cent. on excess lines by agents, and 2 per cent. on premiums placed with unauthorized companies; cities having a population of 100,000 may collect not more than $100 from each fire insurance agent only, casualty and surety companies not given credit for reinsurance. Stipulated premium companies 1 per cent. of gross premiums. Fees (on admission): Assessment life and accident companies, $50; stipulated premium companies, $25; fraternal societies, $5; all other companies, including certificate, $61. Annual fees: Filing annual statement (U. S. fire and marine companies), $30; regular life and miscellaneous companies, $30; stipulated premium companies and certificate of authority, $25; assessment life and accident, $50; fraternal societies, $5; fire, life and miscellaneous stock companies, annually. $1; all other companies. annually, $1; agent's license, stipulated premium companies, $1; all other companies, $2; agents' license, unauthorized companies, $10; broker's license, $10; filing other papers, $10.

Montana* -No premium tax is levied, but a license fee is charged, which is equivalent to 221⁄2 per cent. on $5,000 of premiums; and 2 per cent. is charged on premiums above that amount. Return premiums may be deducted in making tax returns by fire and miscellaneous companies. In addition, there is a fire marshal tax of one-fourth of 1 per cent. on gross premiums, less return premiums on all business transacted in the state. Fees: Filing charter and examination of papers on admission, $300; filing annual statement, $25; agents' license, $5; publishing certificate of authority, $9.

Nebraska* -Fire companies, the gross amount of premiums taken as an item of property and assessed at the same rate as other property. Also a tax of three-fourths of 1 per cent. for fire marshal's department. All other companies, except assessment and fraternal associations, 2 per cent. on gross premiums. Fees (on admission), fire, life, and miscellaneous companies, $50; fraternal societies, $10. Annual: Filing annual statement of fraternal orders, $10; all other corporations, $20; certificate of authority (annual), $2; agent's license (individual), $2.

*Reciprocal or retaliatory law in force.