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SAFEGUARD INSURANCE COMPANY, New York, N. Y. Organized 1879; reorganized 1915; capital, $200,000. A. G. McIlwaine, Jr., president; Edward E. Pearce, vice-president; Henry W. Gray, Jr., secretary.

SAFETY FUND LAW. This law, which permitted the accumulation by a fire insurance company, from its profits, of a fund, onehalf of which may be deposited with the insurance department to be held for the protection of the unearned premiums of the company and to serve as a second capital in said case its capital and assets are swept away by a great conflagration, the other half to be retained by the company for the payment of losses, was enacted by the state legislature in its session of 1874 (passed April 16th) on the suggestion of Insurance Superintendent Chapman. The legislature in 1915 passed a law providing that no company should establish such funds after June 1, 1915, and providing further for the discontinuance of the special reserve and guaranty surplus funds already created under the law.

Surplus fund laws are in force in five other states, the provisions thereof being similar to those of the law of New York, which was the first to enact legislation of this character. The states and their laws are:

Minnesota, Chapter 18, laws of 1876, re-enacted by Section 98 of the general law of 1895, and Chapter 437, laws of 1900 and Chapter 263, laws of 1911.

Rhode Island, Sections 26 to 32, inclusive, of Chapter 156 of the Public Laws.

utes.

Wisconsin, Sections 1909 to 1913, inclusive, of the Revised Stat

New Jersey in 1908 enacted a somewhat similar law. [Chapter 258, laws of 1908].

New Hampshire, Chapter 28, laws of 1911.

Nebraska, Paragraph 3252, section 116, from revised statutes of 1913.]

SALAMANDRA

INSURANCE COMPANY of Petrograd, Russia. Organized 1846. Meinel & Wemple, Inc., United States manager, New York City.

Salem,

SALEM MUTUAL FIRE INSURANCE COMPANY, Mass. Organized 1838. S. Herbert Wilkins, president; Arthur Derby, secretary.

SALVAGE CORPS. [See Fire Patrols and Salvage Corps in the United States.]

SAN FRANCISCO, MANAGERS OF PACIFIC COAST DEPARTMENTS AT. The Pacific coast department managers of companies at San Francisco at the time this volume was ready for the press were:

Automobile, Hartford, A. T. Von Ettinger.

Arizona,

Boston,

Citizens',

J. F. D. Curtis.

Marsh & McLennan.

Caledonian American, A. C. Olds.

Camden,

Com. Union. N. Y.,
Commonwealth, Tex.,
Concordia,
Connecticut Fire,
City of New York,
Columbian National,
Commonw'th, N. Y.,
Continental,
County Fire,
Colonial F. U. Ag'cy,
Delaware Underwr's,

Dubuque F. & M.,
Detroit F. & M..
Detroit National,
Equitable F. & M.,
Eastern Und. Agency,
Fidelity-Phenix,

Firem's Und. Ag'cy,
Firemen's, Newark,
Fire Assoc'n. Phila.,
Franklin Fire.
First National Fire,
German Alliance,
German-American,
German of Peoria,
Ger.-Amer.. Pitts..
Girard F & M.,
Glens Falls,
Globe & Rutgers,
German All. Ins. Asn.,
Globe Und'rs Agency,
Germania Fire,
Germania Und'rs.,
Hamilton Fire,
Hanover, New York,

Geo. O. Hoadley.
E. T. Niebling.
T. Edwards.
Selbach & Deans.
Benj. J. Smith.
Watson & Taylor.
J. F. Magee.
W. S. Berdan.

Companies.
Hartford Fire,
Home, New York,
Home, Salt Lake,
Humboldt Fire.
Ins. Co. of N. Am.,
Ins. Co. of State of Pa.,
International Fire,
Imperial Assurance,
Liverpool and London
and Globe,

Managers.
Dixwell Hewitt.
Roff & Sheahan.
H. R. Mann.
J. F. Cobb & Co.
James C. Johnston.
Seeley & Co.
J. H. Ankele.
W. Irving.
R. P. Fabj.

Mechanics & Traders', Wayman & Henry.

Mercantile. N. Y.
Merchants Fire,
Merchants F., Denver,
Michigan F. & M.,
Michigan Commercial,
Millers National,
Minneapolis F. & M.,
National, Conn.,
National Union,
New Brunswick,
N. Y. Underw'rs Ag.,
North British,
North River,
Niagara.

Northwestern Nat..
& Nat'l., Ben Franklin,
Nevada,

A. G. Nason & Co.
A. T. Bailey.
Wayman & Henry.
Bertheau, Selbach
Bertheau.
Clarence de Veuve.
Edwin Parrish.
J. F. Magee.
Geo. H. Tyson.
E. E. Potter.
A. G. Nason & Co.
Miller, Henley & Scott.
E. E. Potter.
Frank M. Avery.
Roff & Sheahan.
Edw. Brown & Sons.
Geo. H. Tyson.
Geo. H. Tyson.
J. H. Richards.
Selbach & Deans.
Ed. E. Potter.
Ed. E. Potter.
Edw. Brown & Sons.
Geo. H. Tyson.
Edw. Brown & Sons.
Chapman & Nauman.
Chapman & Nauman.
Edw. Brown & Sons.
Selbach & Deans.

Newark Fire.
New Hampshire Fire,
New Haven Und'rs,
New Jersey Fire.
Niagara-Detroit Un's,
Northern, N. Y..
N'rthwestern F. & M.,
Old Colony,
Orient.

Occidental Fire,
Pacific.
Pennsylvania,
Phoenix,

Providence-Wash'n,
Phila. Underwriters,
Protector Underw'rs,
People's National,
Queen, New York,
Reliance.
Rhode Island,
Republic Underw'rs,
Rochester Ger. Und's,
Safeguard,
Security,

W. S. Berdan.
W. W. Alverson.
C. D. Hall.
Wayman & Henry.
Geo. W. Brooks.
J. H. Richards.
J. F. Magee.
Wayman & Henry.
Dixwell Davenport.
W. W. Alverson.
H. R. Mann.
W. S. Berdan.
W. W. Alverson.
Edwin Parrish.
D. W. Clark.
J. F. Cobb & Co.
Robert Carlson.
Geo. W. Dornin.
A. T. Bailey.
Edw. E. Potter.
W. W. Alverson.
Edwin Parrish.
McClure Kelley.
Marsh & McLennan.
J. F. D. Curtis.
Sam B. Stoy.
J. H. Ankele.
Seeley & Co.
R. W. Osborn.
Geo. H. Tyson.
J. F. D. Curtis.
Frank M. Avery.
Geo. H. Tyson.
Selbach & Deans.
Rolla V. Watt.
Marsh & McLennan.
John Hougaard.
T. Edwards.
Geo. O Hoadley.
Marsh & McLennan.
Edw. E. Potter.

SAN FRANCISCO UNDERWRITER'S FIRE INSURANCE PATROL. [See Underwriters' Fire Patrol of San Francisco.]

SCOTTISH UNION AND NATIONAL INSURANCE COMPANY, Edinburgh, Scotland, was chartered in 1824. J. A. Cook is its manager at the Edinburgh office, and J. Gunn, secretary. It commenced business in 1880 in the United States, with headquarters in Hartford, and does here a fire and tornado insurance business exclusively. In Great Britain it also insures lives, grants annuities, and does a general business including all classes, including marine. The United States trustees are Messrs. Morgan G. Bulkeley, Meigs H. Whaples, and Morgan B. Brainard, Hartford. The American representatives of the company are: James H. Brewster, manager; Henry J. Houge and B. M. Culver, assistant secretaries. United States branch assets, December 31, 1915, $6,760,670; liabilities, $2,876,507.

SEA INSURANCE COMPANY, Limited, Liverpool, England. Chubb & Son, New York, general agents for the United States.

SECOND RUSSIAN INSURANCE COMPANY, Petrograd, Russia. Organized 1835. Meinel & Wemple, Inc., United States manager, New York, N. Y.

SECURITY FIRE INSURANCE COMPANY, Cincinnati, O. Organized 1881; capital, $150,000. F. A. Rothier, president; A. Benus, secretary; F. C. Barton, assistant secretary.

SECURITY FIRE INSURANCE COMPANY, Davenport, Ia. Organized 1883; capital, $200,000. James W. Bollinger, president; M. C. Hinsch, secretary.

SECURITY INSURANCE COMPANY, New Haven, Conn. E. G. S. Stoddard, vice-president; Victor Roth, secretary; Willis Parker, assistant secretary.

SENECA FIRE INSURANCE COMPANY, Buffalo, N. Y. Organized 1912; cash capital, $200,000. William F. Kasting, president; H. H. Tracy, Jr., secretary.

SHORT RATE TABLE - Is a table for computing the earned premium on policies of fire insurance in the event of cancellation, or the premium to be charged where a policy is written for a shorter period than a year. When a company cancels a policy it returns the pro rata premium. When the policyholder cancels the pro rata premium less the expense of getting the business is returned, and the table below is used in computing the earned premium, or the premium to be retained. The table is the one adopted by the National Board of Fire Underwriters, and is in use pretty generally throughout the country. In computing the premium take the percentage indicated on scale opposite the number of days risk is to run, on the premium for one year at given rate, and the result will be the premium earned in case of cancellation, or to be charged in case of short time risks. Fractional parts of a month for term policies are counted as a whole month.

WRITTEN WRITTEN

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