Implement Dealers Mutual Fire Insurance Company Records, 1902-1990

Implement Dealers Mutual Fire Insurance Company Records

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Collection Overview

Title: Implement Dealers Mutual Fire Insurance Company Records, 1902-1990

ID: OGLMC1240

Extent: 15.75 Linear Feet

Date Acquired: 11/18/1991. More info below under Accruals.

Subjects: Business and Industry

Languages: English

Abstract

North Dakota and Northwest Minnesota, 1903-1986; continued as America West Insurance Company, 1986-

Scope and Contents of the Materials

The Implement Dealers Mutual Fire Insurance Company Records date from 1902-1990. The collection contains business records related to the Implement Dealers Mutual Fire Insurance Company (IDMFC), the Implement Dealers Mutual Insurance Company (IDMIC), the American West Insurance Company, and the Commercial Mutual Fire Insurance Company. The records include annual statements, correspondence, meeting minutes, yearbooks and financial records.

Collection Historical Note

The Implement Dealers Mutual Fire Insurance Company was organized by the Retail Implement Dealers Association of North Dakota and Northwestern Minnesota. It was authorized to commence writing policies on May 15, 1903. The first officers were D.W. Luke, president, G.E. Duis, secretary and P.S. Houghton, treasurer. By December 31, 1903 the company showed a surplus to policyholders of $9817.

In 1949, the company's name was changed to Implement Dealers Mutual Insurance Company. By this time the company was also providing insurance for different natural disasters, inland navigation and transportation, and sprinkler leakage. Within the next ten years it added earthquake coverage, different forms of liability, theft and glass. Other forms of coverage were added but later dropped, such as accident, health and workmen's compensation insurance.

In 1969 the company affiliated with the Statesman Group. It ceded all of its premiums to the Statesman Group Pool and assumed premiums on the basis of its surplus. By 1985 this affiliation was terminated and the company purchased reinsurance through a broker, E.W. Blanch Company. In 1986 the Implement Dealers Mutual Insurance Company was demutualized and the American West Company commenced business.

By 1954 the company operated in 34 states and the District of Columbia. North Dakota continued to have the highest premiums for each year but different states competed with Minnesota for second or third place such as Mississippi, North Carolina, Florida, Montana and Texas. The company's surplus was $291,909 in 1936, $600,150 in 1945 and $1,343,586 in 1955. After 1956 this surplus began to decline rapidly and more states were dropped every year. By 1964 the surplus had decreased to $460,349, less than in 1943.

In 1966, when the surplus began to increase, the company operated in 9 states, decreasing to 5 states (North Dakota, Minnesota, South Dakota, Wisconsin and Montana) by 1989. 1955's record amount was surpassed in 1976. Before the company demutualized it had a peak year in 1983 of a $2,381,342 surplus. After the American West Insurance Company was formed, the surplus reached $4,069,984 in 1988.

Presidents of the company have been D.W. Luke who served a short time at the beginning, G.E. Duis from near the beginning till around 1936, A.W. Nygaard from around 1936-1962, R.L. Brenna, 1962-1969, M.L. Welch, 1969-1974, H.L. Reifschneider, 1974-1984 and R.H. Paulson, 1984 to the present. Other officers were P.S. Houghton, D.G. McIntosh, J.E. Sheehy, Henry Brenna, J.W. Falkanger, Henry Holt, C.E. Day, I.K. Everson, John Tupa, W.O. Folendorf, R.E. Eichhorst, W.L. Pederson and D.H. Sander.

The collection also contains the 1902 annual statement of the Commercial Mutual Fire Insurance Company. In 1930 the Implement Dealers Mutual Fire Insurance Company reinsured their liabilities. Commercial Mutual decided that due to the extreme rate cuts, it would have been unwise to continue.

The 1911-1934 records of the Retail Merchants Association Mutual Fire Insurance Company are also included. In 1931 the name was changed to Interstate Commercial Mutual Insurance Company. This company maintained the same address, phone number and many of the same officers as the Implement Dealers Mutual Fire Insurance Company. The 1942 Grand Forks City Directory is the last directory to list the Interstate Commercial Mutual Insurance Company.

Subject/Index Terms

Business and Industry

Administrative Information

Repository: Elwyn B. Robinson Department of Special Collections

Accruals: Additional material was donated by Karen Luessenheide, American West Insurance Company, on July 8, 1992 (Acc.#92-1828).

Access Restrictions: Open for inspection under the rules and regulations of the Elwyn B. Robinson Department of Special Collections.

Acquisition Source: Karen Luessenheide, American West Insurance Company

Acquisition Method: Donation; Acc.#91-1792

Preferred Citation: (Description of Item). Implement Dealers Mutual Fire Insurance Company Records. OGLMC 1240, Box #, Folder #. Elwyn B. Robinson Department of Special Collections, Chester Fritz Library, University of North Dakota, Grand Forks.

Finding Aid Revision History: Finding aid migrated to Archon in September 2014.

Box and Folder Listing

Browse by Box:

[Box 1],
[Box 2],
[Box 3],
[Box 4],
[Box 5],
[Box 6],
[Box 7],
[Box 8],
[Box 9],
[Box 10],
[Box 11],
[Box 12],
[All]

Box 1

Item 1: Annual Statements, Commercial Mutual Fire Insurance Company, 1902.
Item 2: Annual Statements, Implement Dealers Mutual Fire Insurance Company (IDMFIC), 1903, 1935-39, 1941- 48.
Item 3: Annual Statements, Implement Dealers Mutual Insurance Company (IDMIC), 1949-60.

Box 2

Item 1: Annual Statements, IDMIC, 1961-76.

Box 3

Item 1: Annual Statements, IDMIC, 1977-85.
Item 2: Annual Statements, American West Insurance Company, 1986-90.

Box 4

Item 1: Policies Paid and Expense Account, IDMFIC, May 19, 1903-January 12, 1906.
Item 2: Minutes of IDMFIC meetings of Policy Holders and Board of Directors, 1919-33.
Item 3: Book containing bound and unbound documents of the IDMFIC, 1903-23.
Item 4: Correspondence, 1903-23.
Item 5: Minutes of Board of Directors Meetings, 1903-19.
Item 6: Minutes of Stockholders Meetings, 1903-05.
Item 7: Financial Reports, 1903-19.
Item 8: Auditing Committee Reports, 1903-15.c
Item 9: Miscellaneous documents, 1905-18.

Box 5

Item 1: Retail Merchants Association Mutual Fire Insurance Company Records, 1911-34.
Item 2: Articles of Incorporation, April 22, 1911.
Item 3: By-Laws.
Item 4: Financial Records, 1912-21.
Item 5: Minutes of Annual Meetings, 1912-34.
Item 6: Minutes of Board of Directors Meetings, 1912-34.
Folder 1: IDMIC Telegram and Telephone Records, 1955-57.
Folder 2: IDMIC Telegram and Telephone Records, 1958-60.
Folder 3: IDMIC Telegram and Telephone Records, 1961-63.
Folder 4: IDMFIC Yearbook, 1935.
Folder 5: IDMFIC Yearbook, 1936.
Folder 6: IDMFIC Yearbook, 1937.
Folder 7: IDMFIC Yearbook, 1938.
Folder 8: IDMFIC Yearbook, 1939.
Folder 9: IDMFIC Yearbook, 1940.
Folder 10: IDMFIC Yearbook, 1941.
Folder 11: IDMFIC Yearbook, 1942.

Box 6

Folder 1: IDMFIC Yearbook, 1943.
Folder 2: IDMFIC Yearbook, 1944.
Folder 3: IDMFIC Yearbook, 1945.
Folder 4: IDMFIC Yearbook, 1946.
Folder 5: IDMFIC Yearbook, 1947.
Folder 6: IDMFIC Yearbook, 1948.
Folder 7: IDMIC Yearbook, 1949.
Folder 8: IDMIC Yearbook, 1950.
Folder 9: IDMIC Yearbook, 1951.
Folder 10: IDMIC Yearbook, 1952.
Folder 11: IDMIC Yearbook, 1953.
Folder 12: IDMIC Yearbook, 1954.
Folder 13: IDMIC Yearbook, 1955.
Folder 14: IDMIC Yearbook, 1956.
Folder 15: IDMIC Yearbook, 1957.
Folder 16: IDMIC Yearbook, 1958.
Folder 17: IDMIC Yearbook, 1959.
Folder 18: IDMIC Yearbook, 1960.
Folder 19: IDMIC Yearbook, 1961.
Folder 20: IDMIC Yearbook, 1962.
Folder 21: IDMIC Yearbook, 1964.
Folder 22: IDMIC Yearbook, 1965.
Folder 23: IDMIC Yearbook, 1966.
Folder 24: IDMIC Yearbook, 1967.
Folder 25: IDMIC Yearbook, 1968.
Folder 26: IDMIC Yearbook, 1969.
Folder 27: IDMIC Yearbook, 1970.

Box 7

Folder 1: Certificates of Authority - AL, 1936-60; AZ, 1949- 60; CA, 1948-50, 1952-55, 1957-58.
Folder 2: Certificates of Authority - CO, 1935-60; DE, 1947- 58; DC, 1956-59.
Folder 3: Certificates of Authority - FL, 1948-51, 1953-60; GA, 1935-41, 1948-60.
Folder 4: Certificates of Authority - IL, 1930-59.
Folder 5: Certificates of Authority - IN, 1936-60.
Folder 6: Certificates of Authority - IA, 1928-50, 1956-60.
Folder 7: Certificates of Authority - KS, 1935-41, 1950-60; KY, 1936-37.
Folder 8: Certificates of Authority - LA, 1945-60; ME, 1936; MD, 1937, 1948-60.
Folder 9: Certificates of Authority - MA, 1935-40; MI, 1929- 59.
Folder 10: Certificates of Authority - MN, 1929-60, 1967-80.
Folder 11: Certificates of Authority - MS, 1943-60.
Folder 12: Certificates of Authority - MO, 1934-60; MT, 1944- 60.
Folder 13: Certificates of Authority - NE, 1930-60, 1967-80.
Folder 14: Certificates of Authority - NM, 1951-60, 1967-78; NC, 1937-41, 1945-58.
Folder 15: Certificates of Authority - ND, 1929-60, 1967-80.
Folder 16: Certificates of Authority - OH, 1929-36, 1939-41, 1944-45, 1947-49.
Folder 17: Certificates of Authority - OK, 1947-60, 1967-80.
Folder 18: Certificates of Authority - OR, 1953-60; PA, 1928- 60; SC, 1936-41, 1949-57.
Folder 19: Certificates of Authority - SD, 1930-59.
Folder 20: Certificates of Authority - TN, 1936-60.
Folder 21: Certificates of Authority - TX, 1935-58.
Folder 22: Certificates of Authority - VT, 1936-37; VA, 1945- 59.
Folder 23: Certificates of Authority - WA, 1953-58; WV, 1929- 60, 1966.
Folder 24: Certificates of Authority - WI, 1929-60, 1967-72; WY, 1953-61.
Folder 25: Bank Account Books - GF Building & Loan, 1948-58; EGF Federal Savings, 1955-57, 1958-64.
Folder 26: Bank Account Books - 1st Federal S & L, 1938-58, 1958-63; GF Federal S & L, 1958-63.
Folder 27: Bank Account Books, Valley Bank, 1956, 1960-72.
Folder 28: Bank Account Books, Red River National, 1961-68, 1968-72.
Folder 29: Bank Account Books, Red River National, 1944-60, 1955-61.
Folder 30: Bank Account Books, 1st National, 1965-72, 1968- 72.
Folder 31: Bank Account Books, 1st National, 1963-65, 1965- 68.
Folder 32: Bank Account Books, 1st National, 1955-59, 1959- 62.
Folder 33: Bank Account Books, 1st National, 1951-55, 1955- 65.
Folder 34: Bank Account Books, 1st National, 1913-23, 1948- 70.
Folder 35: Personal Notebook of Bank Accounts, 1957-75.

Box 8

Folder 1: Correspondence, 1907, 1914, 1919.
Folder 2: Correspondence, 1921-24.
Folder 3: Correspondence, 1926-27, 1932-34, 1936.
Folder 4: Correspondence, 1940, 1942-44.
Folder 5: Correspondence, 1945.
Folder 6: Correspondence, 1946.
Folder 7: Correspondence, 1947.
Folder 8: Correspondence, 1948.
Folder 9: Correspondence, 1949.
Folder 10: Correspondence, 1950.
Folder 11: Correspondence, 1963-67.
Folder 12: Correspondence, 1968-71.
Folder 13: Periodic Financial Statements, 1920-24, 1930, 1938-39.
Folder 14: Periodic Financial Statements, 1944-45, 1948-49, 1970.
Folder 15: Certificates of Authority, 1924-26, 1928.
Folder 16: Fire Insurance Companies Authorized in ND, 1923-24, 1926-31, 1934.
Folder 17: Fire Insurance Companies Authorized in ND, 1936, 1938, 1942-46.
Folder 18: Bills and Receipts, 1924, 1926-28, 1932.
Folder 19: Bills and Receipts, 1944-50.
Folder 20: Bills and Receipts, 1963-69.
Folder 21: Government Issued Information and Forms, circa 1920-71.
Folder 22: Miscellaneous Documents, circa 1938-50.

Box 9

Item 1: Annual Statement, Retail Merchants Association Mutual Fire Insurance Company, 1911.
Item 2: Annual Statements, Implement Dealers Mutual Fire Insurance Company (IDMFIC), 1904-31, 1933-34.

Box 10

Item 1: Annual Statements, IDMFIC, 1935-41.

Box 11

Item 1: Annual Statements, IDMFIC, 1942-48.
Item 2: Annual Statements, Implement Dealers Mutual Insurance Company (IDMIC), 1949-58.

Box 12

Item 1: Annual Statements, IDMIC, 1959-71.

Browse by Box:

[Box 1],
[Box 2],
[Box 3],
[Box 4],
[Box 5],
[Box 6],
[Box 7],
[Box 8],
[Box 9],
[Box 10],
[Box 11],
[Box 12],
[All]

Department of Special Collections
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