New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-10-06

dsnosed Of s saoo o97 rom which are 10 De deducted
loans s4,553 deferred rrrmms $500; leaving naiaIce
death claims SOL o2i There also Two claims ior
compensation under accident clause In policies; very
little OF which business was done IN the carry ear a.,
total OF marred policy claims OF all Sorts good BAD ana
Indifferent dedueting Offsets above, is as follows:
bssiG caa, 3ofS25
Accident CliuIs az
sl-59is
With q view TO a moro complete exposition OF the
CONDITION OF the company " with respect to It's liability
untcr these matlrei pal cam, I. ae'u-'y p'''o''
the following analysis 0f rnfr character;
ANALYSIS OF MArUgED POLICY CLAIMS.
F'rsi-The cn lowmrnt claims seem to be- admitted
withoat question ~ tie expressed upon their
face from which are be deducted the oans leaving
the la ance already stated. S50ls2.
sec9nd-Death claims appear to have been examined
approved and date OF payment fixed by the company AZ
follows:
Face o. poicc. .- ..'''''.-'''----s' tii siO9 els
pyi end addition loo
Less lo,ns 972- 1892
D.,,u.o from, n,.c,,. .................. 800 5e6
TIird-Death claims not disputed, but awaiting COM
pieiion Of formal proofs, % $50. o ..a,ou no,,.
cies mared by deceae Of the insured prior 10 that dae
and winch the acuary finds no sufficient srounu iU vi
questioning Zone OF these, noWey' -h0aiu DC Teuc
amount correct error. admitte by the proofs III
statement OF age: 1900
Amount f''"'V
LES Los. SaHT rr uranium. So 49s
claim. ,o,-tn cl,,, ....... sI7OJ7
Fi1h-These are death claims in course OF litgalon;
ard concerning which the only safe course Is 10 feSd
them AZ liability for the full amount elaine whch WI
be augmented by costs interest ana expes1 ne
Judgment shall be obtained against the company tne
amount these which the actuary haa> fouhu Is ou'
Siff5CThese are mass OF old claims concerning most
OF which notice given to the company several years
AGO They we're promptly refused upon grounds FOR the
%ost mart winch he COOKS OF the company amply
to Justify aud they have not been renewed anu ordl
proofs under them have not been made The whole
amount OF these old claims II $4,000 nut the actnrY
finds the facs submitted and IN the nrgirct lop' ls
claims IN proof ample ground Tor rejecting from as ~ Il
,eate nf Inability %3I OOD OF them. THE sum OF 10000
seems To rest upon different footing proofs na'lhg
been made and contingent liability Is therefore "u-
Serel,HEIhese are a few claims of more recent date
which the c0,pany refused to admit nut enhce!nihs
which rts dement's are not 80 clear a. OF tn3So
last considered. But one for the sum OF oniy go,
certainly and absolutely invalid a. To Juss
the actuary IN excluding u from ms summary. ine
amount Of claims under tuIs head thereby reduced 10
*'ElgfA-Thcse are few cases which NAV be called
memorandum claims being supported Only ny n,et ne
Tndum upon the policy register seeming 70 aaun t
maturity Of rhese policies by death II amtte a, ~ ~
of the Investigation me actdary thnAs tn's
should be-. the amOunJ W d b. I'll, lf3. - 49,.
Ninth-A crdent @ dtms-These do not, even upon tAc
facts stated los the claimants themselves, come "Ih
the provision of the policies under which they are aue
and arr. therefore, rXciuied , .
Revising summary Of maturef policy claims, 10
correspond with the foregoing estimate OF their ch1rde
r. derive the following net result in the form OF an
admit ed or proba L. Inability
Mitured endowment. .---.........,...--.- s10l52
Total matured policy liability. s225l94
Plsslng now 10 che q -tributon % this lianltv Of
S-25i 9f between registered and non-regscfed o"eies
wc have ihc following:
Under registered policies there ia dine: ,oo
Fro gndq SI, ........ fii,75i sl2so1
Under non.rcr..ier policies there 8 due: ,so
Frltue ~ 1o--rE
From dra.h claims .-----...------ Oo'-'I tiV lao
Bu .his does not properly express the amount to be
lorue pectv.Y by the registered ana nOnreg--lcd
that b. Inc special mud gen raj funds. 10 iqudltiug
If
were prosecuted, oven 90 the cXtrut oi con lhS
premiums on a poitirs and dscaaIsns nituL. d am
iulur. maturing c.ia- tie Daturt ord or procedure
would be for those ODD gtlou8 first "a be paid AMI III
CHARGED from gene 40 IN d Ins gen ra Ind or tAe
c1G lny or receiver its behalf would then demand
ana entitled to receive from ne sp h or reg stored
fund, tlr amuun advanced nom inc .eurrn 'a ON 20
account THIS Woud De- te amount ~ tne present Fdlie
of t4 registered pol, oes paid and DISCHARGED as the
same would appear u9oh t.e DooA' Oh IN. l"s'ltanoSt
value" ~ these m4tuled ices. Tue pres ut N'ue o.,
thrss naturrd registered lcrs' ~ the same j. uhd
np tho records OF the insurance Department. Ia As
follows:
REGISTERED value NJ endowment o39
20 stored Oh lclr4cs A't''
ro,, r,,ne Of ra,ured no
We have then arising out OF these maturcd policy
claims, sum u S5uj2I n lien or cua = upon the
spcrid or REGISTERED fUud deposit IN toe Insurance
dcpartmn and be deducted from 70 the business
ol he company to Doc carried in both r. sccrd aud
nop-le a,rcd tcuarimeuts. How The conditions VI our
problem and ihe amount of this len Or charge upon
The Special fund Will be tered, 90 the event 90 SEP r
ton 0i the registered rom me nOn-regstered business
and n an tcmut 10 carry on the former without tAc
latter will be made 70 appear hereafter III lts appIo-
pirate connection.
MISCELLANEOUS LIABILITIES.
Miscellaneous Liabilcs-These, far NJ the actuary
is advised, may be reduced 70 the following:
Frs-A judgment against the company Tor services as
age.t amounting with costs To S6l1.
Second-A claim. upon what pretext Is unknown for
return Of premiums paid upon policy. II the acuary,
knew more conccmin' the cha acter ground OF this
claim lie might md hllsef Justified in throwing il ont
IL ahsrlrc or surd know edge ne taxes the SAFER
e, 1lrse " extending n in iuii at %f9O.
Ihud-ClaiH OF N.co'l Co., agents AT Bombay, Tor
cor pany, purchase Of policies for Its account
$50.
Fourfh-Balance due the attorney OF the company, In
the stale of p unsylyana beyond h his hands,
for the pay OF taxes adudgcd TO be due from tue
contrary IN that siate and amounting to SOB. Ide
amount these miscellaneous claims, which may be re-
ciried as liability ;ur the iu amount " their ace, u
II 9s4. Bringing together and summing up all tue o4e-
| gong, nave the following:
liabilities.
Present value Of Policies in Force; 1900.
REGISTERED. t.-ahl
Non X, llstered --.-.-.--.---- -,flt,-oJ
s2,ge0G51
Matnred End0wnieuts; 900
d. c.-tsrri Naiue.....-.....-..--..---- tllu"J
NOn-heg istered- -...''.-----...---- o5'l4S
s5ols2
Death Claims; 1900