• ' '■"■'": "' D 8 BRITISH COLUMBIA The name of the Progressive Insurance Company of Canada was changed to London and Midland General Insurance Company; Regal Insurance Company Limited to Global General Insurance Company; The Hanover Fire Insurance Company to The Hanover Insurance Company; Fire Association of Philadelphia to Reliance Insurance Company; and Essex and Suffolk Equitable Insurance Society Limited to Essex and Suffolk Insurance Company Limited. A complete list of insurers will be found on pages 9 to 36. A similar list, made up to December 31st, 1958, was published in The British Columbia Gazette. For the purposes of convenience the present list is made up to June 30th, 1959, so that it includes insurers licensed since December 31st, 1958, and shows the classes of insurance for which all insurers are now licensed. On analysis the list shows that 52 companies (exclusive of fraternal societies) were licensed for life insurance, 247 for fire insurance, 229 for automobile insurance, and 109 for marine insurance. These figures cover only the major classes of insurance, and it should be understood that the same company may be licensed, for example, for fire, automobile, and marine insurance. The annual statements of the companies holding Provincial licences only are set forth at length on pages 37 to 48. There were three underwriters' agencies licensed under the Act, and the list appears on page 36. The taxes collected on unlicensed insurance amounted to $7,949.46. The number of insurance agents' and salesmen's licences issued for the year 1958 is given below, together with a comparative table for the previous four years:— Licences Issued to— 1958 1957 1956 1955 1954 2,068 1,604 919 64 135 1,904 1,570 929 57 130 1,722 1,571 1,006 52 98 1,644 1,617 903 48 70 1,611 1,576 908 49 71 4,790 4,590 4,449 4,282 4,215 The number of real-estate agents' and salesmen's licences issued under the " Real Estate Act" for the year 1958/59 in comparison with the previous four years is as follows:— Licences Issued to— 1958/59 1957/58 1956/57 1955/56 1954/55 1,032 3,809 1,032 3,476 1,009 3,035 990 2,932 997 2,593 Totals . . 4,841 4,508 4,044 3,922 3,590 Respectfully submitted. E. T. CANTELL, Superintendent of Insurance. D 20 BRITISH COLUMBIA 3 •3 s o CJ H O < 01 CJ Pi 3 to Z 01 a H Pi 01 a z P a 01 tn Z w CJ CO "So 3 0 fl m O ft tt 0 p* 0 o aa£. .2 2 B . a 9 .2 qj a a . 9 « ' '" a >■ rt i S* u '. 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(Hoi m, HoU Fire an rnia, Sa fl fl Ih 3 cn 3 §Za g2 a 9 tt E o o o a a S a TJ jj O CJ < 0 TJ o U tt Ih O H ci fl O a U REPORT OF THE SUPERINTENDENT OF INSURANCE, 1958 D 27 & .9 cj- ts o oo .a ' E o fl a rt qj a-g IS .a « b 3 ' «g..g. rrt m tt tH ft ft rt o X ft if J fl tt S-^fl fl u O rt co U Ih ft fl ft o -fl •h .-h "P tt tt rt rt j-; ilia - cj a — o fi a . I ■§_?_- ill lis D TJ ft rt tj . tt >. §'S'9rt .2 9 a If*. I ^ rt in o O tt I III rt to cj ^ a a qj c 9 fi a fl U ^ *** s? i fl ^ rt tt " tt C A 00 l-i „. III! 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QJ -I 'f ° J o a qj j s g a 3 -9 qj tj H * 11 jfi 9'S 3 u rt (u J fl TJ rt 2 „ tn ** ■• tt tt VH - OO p1 O 3 rt g 2^ ? & n rt „.a 5 «> cofi h cj O 1 rt 73 O < cj .2 _ jaia rt -a a n H fi > CJ _. rt *0 ? ft 3? C j co 3 3 - &ba - 1 rt CJ 1 ft S ■ a a 3 1 0 .5 0 ft - °»-3 QJ «* 9 s ?j a 3 cj »s tt S9 R (J fl ( -» ft P ; ^E 1 qj e cj ft rt ■£ rt a" £ 0 's a 3 o 00 cj a* a.gfi S ■Sa 9 o 3 rt3 g 3 - o SiOu Slsa ■9 3 S " _a 13.-a hh as 9 ° 11*8 I rt rt to -A 60 . X ,S2§ rt .■H tt «,- u ^ 2 ft W rt JH tt QJ qj rt rt 'O rt 00 a a I 9 ■fi « it S ftg.o. 3«-S a rt§Sg fl w tt rt I ££ tt 0 rt rt £ ■_ ° & «H tt 3 „ ° ■"P TJ tt >. O TJ M U fl rt rt fl rt E tt <b .S 1 ft § -'a rt O "° H trt fl rt *j tj rt fl tt l-if *P cu fl >' cd P TJ l-H 0 fl rt CJ. O jj CO -■355 -S3 a 2 < ft 2 m QJ 1 *! tt ; 0 s; rt h_T a 9 < CJ 3 ft* 5 ti a > , o 3 1 v, o 5? O cj 0 tt s a — ^J -H ^H tt T3 W cj? O -HH . CJ'ftg cj & & O 2 CO Soffi P rt 22 rt 1-1 a.a 12 © a -a __C a a g » 1-1 » a B C -A co rt .2 s<> fl Z^ . ^ _■ e . QJ ■> QJ 3 00 3 ' a .2CHZ5 •g ft .&" s >. z z a 2 o 1 u U tt u fl . rt QJ to ^ " 3 Ifl rt rt n jju|» a .a a M J5'3 o -.2 83 rt cj_<; „ *- 00^- 3 a a a ^<grti o o o u p 00 |H 9^^? if a»„ ."» 3 R B «rt) CJ £ . 99o z 0 bau u ta> o o rt O Coast ce Co Inden g U . (J 5>^ tt „: cfl W O C tt ■Hz rt rt rt rt Ch Ph ftl ft o 3 REPORT OF THE SUPERINTENDENT OF INSURANCE, 1958 D 37 Annual Statements of Provincial Licensees B.C.F.G. MUTUAL HAIL INSURANCE COMPANY Head Office—Kelowna, B.C. E. M. Tait. C. W. Husband. E. A. Titchmarsh. Directors J. Luthy. J. B. M. Clarke. E. A. Titchmarsh, President. C. M. Nettleton. D. P. Fraser. N. R. C. Pooley. Statement for the Year Ended December 31st, 1958 Assets Bonds (book value) Cash on hand and in banks Interest due and accrued Premiums uncollected prior to October 1st, 1958 Stocks (book value) $38,508.75 30,112.94 270.00 1,203.75 50.00 $70,145.44 Deduct assets not admitted— Premiums uncollected prior to October 1st, 1958 $1,203.75 Investment—Stocks unauthorized 50.00 1,253.75 $68,891.69 Liabilities Reinsurance premiums $1,388.69 Guarantee stock— Authorized $50,000.00 Subscribed 18,730.00 Paid up $18,730.00 Reserve Fund 48,773.00 Surplus 67,503.00 $68,891.69 Profit and Loss Account Premiums earned (net) $ 140,430.09 Claims incurred (net) $115,532.52 Adjustment expenses 5,310.00 Operating fee to Fruit Growers Mutual Insurance Company 23,147.82 143,990.34 Underwriting loss $3,560.25 Other revenue—Interest earned . 1,399.09 Net loss $2,161.16 Returns for British Columbia (See page 61.) Statements of Provincial companies are checked and are amended, if necessary, and are published in this Report subject to inspection. D 52 BRITISH COLUMBIA TABLE IV.—FIRE INSURANCE PREMIUMS AND LOSSES FOR 1958 (Figures shown in nearest dollar.) Name of Insurer Net Premiums Written Net Premiums Earned Net Losses Incurred Ratio of (3)to (2) (1) $197,111 37,633 284 125,282 113,745 64,547 63,973 18,382 53,099 2,990 25,505 6,114 115,141 —896 11,892 55,317 106,938 86,245 14,916 4,449 31,954 185,588 34,952 7,000 7,802 12,427 20,797 62,213 20,939 48,728 22,978 38,027 133,334 8,348 12,762 (2) $168,202 56,707 142 160,738 136,084 9,098 44,103 22,509 42,059 4,958 27,569 12,053 93,540 9,745 52,922 105,860 96,841 27,556 19,636 26,698 122,518 —2,741 13,554 27,655 70,189 16,103 142,318 41,630 90,322 (3) $86,177 22,290 Per Cent 51.23 39.31 99,668 70,886 2,418 16,576 8,377 29,479 2,532 7,071 6,050 46,898 8,164 6,193 24,899 48,891 45,903 9,988 12,044 —3,155 93,197 2,501 11,462 7,828 8,983 7,246 — 126,903 14,095 31,763 8,012 26,127 81,103 5,965 7,312 62.00 52.09 26.58 37.58 37.22 70.10 51.07 25.65 50.19 50.14 63.55 47.05 46.18 47.40 36.25 61.34 76.07 84.57 28.30 12.80 45.00 33.86 35.17 40,349 137,554 8,564 13,711 64.75 58.96 69.65 53.33 39,946 27,616 5,081 148,034 40,032 16,512 185,152 86,684 15,671 33,168 54,484 246,934 28,000 12,796 132,850 -255 108,438 9,013 74,409 163,425 641 53,094 28,249 10,669 95,812 31,745 40,124 122,927 115,903 51,185 13,809 7,802 50,690 23,052 1,830 120,081 19,195 23,808 168,472 90,245 15,335 18,680 53,746 193,553 20,158 17,267 89,695 -467 86,033 7,132 85,113 142,210 2,534 44,990 29,790 20,355 69,078 34,690 25,396 119,225 103,984 36,607 11,526 27,655 14,946 7,988 3,661 51,420 27,108 5,914 65,603 33,043 6,667 19,298 27,440 120,835 13,090 5,334 106,750 249 54,531 2,669 39,060 43,293 167 20,078 15,628 21,617 39,535 20,099 14,951 32,082 66,082 21,337 3,994 7,828 29.49 34.65 200.05 42.82 141.22 24.84 38.94 36.61 43.47 103.31 51.05 62.42 64.94 30.89 119.02 63.38 37.42 45.89 30.44 6.59 44.63 52.46 106.20 57.23 57.94 58.87 26.91 63.55 Dominion of Canada General Insurance Co. .;, . 58.28 34.65 F.aglfl Star Tnsur!<nr« Cn. ltd, 28.30 $3,750,466 $3,590,404 $1,642,337
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Forty-eighth Annual Report of the SUPERINTENDENT OF INSURANCE 1959 (Business Transacted in 1958) British Columbia. Legislative Assembly [1960]
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Title | Forty-eighth Annual Report of the SUPERINTENDENT OF INSURANCE 1959 (Business Transacted in 1958) |
Alternate Title | REPORT OF THE SUPERINTENDENT OF INSURANCE, 1958 |
Creator |
British Columbia. Legislative Assembly |
Publisher | Victoria, BC : Government Printer |
Date Issued | [1960] |
Extent | Foldout Chart: TABLE I. - ABSTRACT OF LIFE INSURANCE RETURNS FOR 1958 -- p. D 49; Foldout Chart: TABLE VIII. - MISCELLANEOUS INSURANCE PREMIUMS AND LOSSES FOR 1958 -- p. D 61; Foldout Chart: TABLE VIII. - MISCELLANEOUS INSURANCE PREMIUMS AND LOSSES FOR 1958 - Continued -- p. D 63; Foldout Chart: TABLE VIII. - MISCELLANEOUS INSURANCE PREMIUMS AND LOSSES FOR 1958 - Continued -- p. D 65; Foldout Chart: TABLE VIII. - MISCELLANEOUS INSURANCE PREMIUMS AND LOSSES FOR 1958 - Continued -- p. D 67; Foldout Chart: TABLE VIII. - MISCELLANEOUS INSURANCE PREMIUMS AND LOSSES FOR 1958 - Continued -- p. D 69 |
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FileFormat | application/pdf |
Language | English |
Identifier | J110.L5 S7 1960_V01_07_D1_D71 |
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Sessional Papers of the Province of British Columbia |
Source | Original Format: Legislative Assembly of British Columbia. Library. Sessional Papers of the Province of British Columbia |
Date Available | 2017-08-28 |
Provider | Vancouver : University of British Columbia Library |
Rights | Images provided for research and reference use only. For permission to publish, copy or otherwise distribute these images please contact the Legislative Library of British Columbia |
CatalogueRecord | http://resolve.library.ubc.ca/cgi-bin/catsearch?bid=1198198 |
DOI | 10.14288/1.0356636 |
AggregatedSourceRepository | CONTENTdm |
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