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State of Colorado,
Office of Auditor of State,

Denver, April 27, 1904.

To His Excellency,
JAMES H. PEABODY,

Governor of Colorado:

Sir-Pursuant to law, I have the honor to transmit herewith the twenty-second annual report of the Insurance Department of this State, showing the business transacted by all insurance companies authorized to do business in Colorado during the year 1903.

I respectfully call your attention to the amendments of our present insurance laws, suggested by Mr. Frank S. Tesch, Deputy Superintendent of Insurance, in his report

to me.

JOHN A. HOLMBERG,

Auditor of State,

Ex-officio Superintendent of Insurance.

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