New-York tribune., 1877-10-27
Guslnrss Aonles.
REPORT
OF THR
REPORT
OFTHR
SUPERINTENDENT OF THE INSURANCE DEPARTMENT
OF IHR STATE OF NEw-YORK.

THR
SUPERINTENDENT OF THE INSURANCE DEPARTMENT
OF The STATE OF NEw-YoRK.
EXAMINATION OF TIE NEw-YoRE LITE INSURANCE
COMPANY OF \ w-YOEK CRY.
Insurance DErAgIMENT. }
ALBANY october a, 1871
The superintendent having personally and through tno SCI,
Department commenced az complei searching examra
oa into the sars ian q eS II sso h b
pleasure being able 10 announce and make lc me graz.
tory that om he data in POSSESSION Of the D,pM tmen
The SSyePey % ay 2i INV SF ohsf CO. a @ e for many
Tbs COMPANY was organized sij end Investigation
having ZEN msde either the Department or "hc po eY
paTtmeut WAS much zine has necessarily 0eeb ~
pended t. bring the matter to eolcusion, ..r.,o
forty gentlemen oi character tanGinS
experience. have been procured wLo h@s valued a'G ai
Sna s e a' ss PSN 81 by MORTGAGES
anounns 70 the sum Of 81 81 ani 10 " % nhe 1es
s254 576 46 which se,ice' hs Gtn & intensely ut y
every piece Of these large amounts OF Iopery nave gtn
SIosels m ctier -eS1e1is amounting 10 $40.
M O45 have been carefully looked ino and evidence VI
such Investments ,emaud,d and given although many oi
ritie Of hc Company Of which the books suonns
70 s57SO129 " ar o. ~ iee mos mos, mn,
The Superintendent perso ally examined these secnllss
ana preserving record Of Inc in the DePsrt%ol' In
Instance where securities bad depi'ael III value oa
scteTnt and ali oo5ul character had been stricken
pnris @ g e conets ssati@ 5's policies premium oas
uncoeced deferred premiums Lave been made anc are
Oh tile III the De- aitment-
UABlIUEs.
Every item liability, al ami actual or contingent aS
swOrn 10 v tie Cctrs thc last Annual Report made 10 te
Iartment copy of which u hereiu enbactd hHS heen
clos In scruuzc and tho statements u said report found 10
be the letr and no other liabilities were found to
The different Depaytm, Medical Actuarial and Agency
have been reviewed with the si satisfactory resu is
renfemon competent and assiuOus haN1HS been
IL nd in charge each branch 10 whOs5 conduct and per
fcfmance Oi thsr duties much ~ ic.
AGENTS collecting funds %! tho COMPANY nj dterent points
are ld 10 a Oautab.iy Ienituces being rcquiel
m the larger poiLt tTce Is wh' al The snaos points So
Bonds are Required the handled are sufficient I"
justly . ,.. ~
stem o keeping adopted bv tie Compa y, after
~ pittithc cIecbs ny
g. aiy sion another beng cpEl e that u" WT"us ta
4, done pOLCy hoieIs false entries Of a1F M snort Ol
COLLISION among many "mpOi g. all o. whom
were and 10 exceedingly courteous and acting IN er IL
pront in furnshin information ~ % every dct H.
Judged by that could DO applied under Tie
Law aDd 2ith cvcIy doubtful eliminated from tei re
s0ures the surplus shown bv te detale1 semeLt
o ms Onp4Dy which follows. Amounts 10 >5t62SI5 ~
Tins rxli0. clearly Csabsc IN fact thaf MAcie iAf5
Jueurpce Company honesty. ably ana iIcnlY mAhsSr
fhey force showing o hCiyency By irciud
ing prospective value % Ita estate Au exc cS
OF premium payments 70 be received
tr ihe reasons gwen tho superintendent has Io
hesfaon n stating ta this great CoTatoh IS entitled -
,bc confidence and its Olcels u LIS WareSt co0menda
tion