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Town mutual completes assessment to restore surplus
Alden and Black Brook Town Mutual Insurance Co based in Polk County completed an assessment of its 925 policyholders across Polk Barron Dunn and St Croix counties to raise about 135000 to restore its surplus to a satisfactory level. Policyholders paid roughly 65 percent of their annual premium, with some balking at payment. The state will review 1980 figures filed around January 1981 and all other town mutuals faces scrutiny when their statements arrive.
MENTIONED IN THIS ARTICLE
Alden and Black Brook Town Mutual Insurance Co
Polk County
Polk, Barron, Dunn
St. Croix
Susan Mitchell
Alden and
Black Brook
Martell Town Mutual
Mitchell
Audrey DeKar
Alden
DeKar
Rice Lake Area
State Insurance Commissioner’s Office
Town Mutuals
Wisconsin
Charles Kennedy
The
Wisconsin Town Mutual’s Association