Hail Insurance Fund in North Dakota, South Dakota, Montana, Oklahoma, Colorado, Nebraska, as well as to compensate for the loss of subscribers tillable surface as a result of hail storms. However, only North Dakota, Montana, Colorado and the operational plans for some time. The oldest of these funds is the heart of North Dakota, founded in 1911.

Act fund some changes since then, provides an interesting and safe. The Fund, under the leadership of Commissioner of state Insurance, and was appointed manager. Insurance is an active, the tax area. In addition, the hearing was to accept applications from 1 July and 15 June.


The amount of insurance for each applicant is $ 5.00 and $ 8.00 per hectare, while that insurance. Prizes will be in the form of taxes for the next period after the tax loss. The amount of tax depends on the losses and expenses during the reporting period. The maximum tax is usually limited to 10%, although it may be more than one area to another.

At the beginning of the plan surplus fund was a special tax on all arable land to ensure its solvency. Loss of adjustments have been manipulated by officials of the fund, as well as the loss of payments for contracts based on the Treasury. This should be obvious that the cost of the fund was low, which is less safe than before.

Fund affordable life insurance and fully controlled by the State of Wisconsin was named in honor of the state legislature in 1911 approved the Insurance Commissioner is the theme of life insurancefor residents of the state. The State assumes no liability, except for the Fund.

This policy was first introduced in October 1913. Administration of the State of Wisconsin in the hands of the state treasurer Fund. The conduct of the company was referred to the Commissioner of Insurance. State Board of Health for medical choices. The state treasurer was treasurer of the fund. Secretary of State audit of the accounts, the Audit Committee, and all other members of whom were officers.

The Fund has no staff and no kind of advertising from the Savings Bank of the Council on behalf of low-cost life insurance savings. There were no charges or management of the profession, only a few technical errors salaries. Applications were approved by the state, county and city officials and state banks, based on the police.

At least partly as a result of the subsidies from the state (as the fees to be paid, and the occupation of other funds), the funds rate is usually lower than in the old industrial companies involved. Despite the generally favorable prices, the progress of funds was light, apparently because of a lack of work, whether for sale or advertisements (which is only one form of sales expenses).