Legislative Documents Submitted to the General Assembly of the State of Iowa Volume 4

Legislative Documents Submitted to the General Assembly of the State of Iowa Volume 4

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1907 edition. Excerpt: ... office at the close of business December 31st? Answer--Yes. ls there a loading or margin for expenses on all policies over the net' premium according to the state standard? Answer--Yes. ls any surrender value promised in excess of the reserve as legally computed? lf so, what amount therefor has been included in the liabilities and where? Answer--Yes; and full pure endowment; reserve therefor is added to ths liabilities. ls the business of the company conducted upon the mutual, mixed or strictly proprietary plan? Answer--Mixed. What proportion of the profits of the company may be paid to the stockholders for use of real or guaranteed capital? Answer--No limit. Does any officer, director or trustee receive any commission on the business of the company? Answer--No. Has the book value of any asset been increased during the year except to bring bonds towards par?. Answer--No. What proportion of premiums on policies issued by the company may be taken in notes, or other form of lien, on the policies? Answer--None. Business in iowa During 1806 Greatest amount insured on any one life, $5,000.00. Premiums collected or secured in cash and notes or credits without any deduction for losses, dividends, commissions or other expenses, 33,472.40. Note--The Gain and 1, oss Exhibit of the Cedar Rapids Life insurance Company as first reported by it was incorrect, and being unable to secure a corrected exhibit from the company before placing a copy thereof in the hands of the printer. l have omitted the exhibit from the printed report. AUDlTOR OF STATE. ANNUAL STATEMENT For the year ending December 31, 1906, of the condition and affairs of the CENTRAL LlFE ASSURANCE SOClETY OF THE UNlTED STATES, Organized under the laws of the State of lowa, made to the...show more

Product details

  • Paperback | 456 pages
  • 189 x 246 x 23mm | 807g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 123679205X
  • 9781236792051