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REPORT OF THE COMMISSIONER OF INSURANCE.


LUMBERMENS UNDERWRITING ALLIANCE
Location of Exchange, Long Building, Kansas City, Mo.
The Lumbermens Underwriting Alliance is an inter-insurers,
association transacting business upon the reciprocal plan. It
accepts risks upon the plants of the manufacturers of lumber.
It was organized in February, 1908, and has had a successful
career from that time to the present. On May 31, 191.3, the
number of risks in force was four hundred, the amount of in-
surance in force $27,919,713.55, and the deposit premiums
$61,0,101.50. The attorney-in-fact is U. S. Epperson & Com-
pany.
METHOD OF TRANSACTING BUSINESS
Each subscriber is required to make a cash deposit equal to
the premium at the time he becomes a member, and there is
eharged against this deposit premium a pro rata share of the
losses and expenses of the exchange. Each underwriter also
agrees that in case of excess losses to levy an assessment equal
to the premium deposit., If the subscriber fails to pay his
assessment, his insurance is cancelled and he forfeits whatever
benefits there may be standing to his credit. As a further pro-
tection to the subscribers, the attorney sets aside an amount
from the accumulated savings, a sum equal to twice the amount
of the current annual deposit premiums of subscribers. After
this emergency fund has been accumulated, there is returned to
change, as follows:
ADVISORY COMMITTEE
The advisory committee consists of seven members of the ex-
change, as follows:
R. A. Long, Long-Bell Lumber Co., Kansas City, Mo.; C. W.
Gates, Crossett Lumber Company, Pasadena, California; R. H.
Downman, Bowie Lumber Company, Ltd., New Orleans, Laa.;
J. H. Himmelberger, Himmelberger-Harrison Lumber Co.,
Morehouse, Mo.; Chas. S. Keith, Central Coal & Coke Company,