The Hickman courier. [volume] (Hickman, Ky.) 1859-current, 1879-06-06
insurance ia Aea9uciy and
Surrender values.


Insurance Commissioner of Kentack V
SHOWS that At the close of the yea
1913 there were eighty two fire auC
nfe and marine insurance 'eompauie.
cong business in the State. agains
niaHiy niue a. the close OF 1877. Oi
tnese, nine are State companies, fifty.
uihe belonging 10 other States, and
I'asieen are foreign. Oae State com
pauy ceased to do business during the
year. and the number of foreign COM
paiies remained the same Two com
paNies OF other Safes we're admitted
ustog the year, ard the authority of
pios'eeo &c. 90 business expired with the
year 1877, or during 1878 The pre-
mum receipts Of all the companies
Amounted to 81 ,035 o22 47. and the
i2sses paid, to $500, 897, I3. The
Aeuiaeky companies received sl92
- % and paid losses amounting to
80 - 30 Three mutunl companies
iff aot included in the statements.
EsifisssInsurauce. according TO the com
: - -,saaer--is profitable iu Kentaek 3
4boye the average Il Is estimated by
( fire underwriters that, taking the
Cuited States as whole go per cent
of the premiums receipts are consumed
In paving losses. The tables covering
5ht period OF the exi~tence of tue
kaotucks Bureau show that. IN Ken
iucky, tEe fire companies have done II
pes cent better than that.
OuIy nine lille insurance companies
are now doing business Ia Kentucky
one chartered Icy the State, The re-
maiuder by other States They
are oil old, SQUAD aud -ucce-sfuI The
amount insured by them on lives of
citizens Of Kentucky Dec, 81 1873
was SO. 2S3. 23j. and the reserve on
policies held by Kenuckiaus at the
a ra,e required by law was 50 2G5.
194 The following remarks BY the
commissioner viii meet the approval
of nearly all hold r. of life policies;
'.The >oireGcy Of the iiie Insurance
compania doiok business 10 keutucky
J.. uuqle~fiaued they are believed
10 be fully up TO The standard required
by me most rigid Interpretation Of the
lass. That which ,hol.i give concern
To those who bold policies in them, IS
.'s d'-pJ'''i'u 'H'' snali be made 10
' -'''' o' - '''t Is e~..'l the reserve or
any Que Of the policies, should the
holder, from iuauciaI inability. or
iiom his own choice, fau 10 pay pre-
'u.ums. Very icw of the policies.
''' ''". i'1'lr p'oVIae lot matte
l"' % i"i' reserve 10 De lsed 10
d '.t ''-1 iAtt"'Se OF PAID u ,
me e@'H pahit- contend
-'.' '"e ot''e' iiVes "iiHdFa" aud
'"1 we Sef ones 10 receive the
"i insurance ana thtt The
ne Is mus lH1ielsei oej Ju4 Tie
-''.-I Apee'1iion- 'r 'uIs reason
III A4t i'hiia"inS members .
'7 ea''sei iheFlI percentage
i'''!'l 10 pfoFlie for lhl9 extra
-'''" Hp'p the resources OF the CONS
no. '"' i0"d- 'hu= retained were
-. 49, .I' we P1I poe alleged there
.-,.,.i J" ne '"eoty
o1t "" 'ne 'ac'H oecohe iui~ 4
Ai''" " i' wiz De found that this /
ull e0o'-se''ed from 'he reserves o. re
ming MeHbeFa has been Used more 10
increase the dividends oI persistent
% Ia 0efs than 10 pay extra death los
-e> occasioued by the healthy lives
Intelligent business
men wi. begin 90 doubt he benc hcent
esu'ts oi me insurance when they
iad ihdt ihe expenses OF infringement (
b these INSTITUTIONS maintained for
he benefit Of widows aud orphans are
q amount equal 70 fity per ceut. o.!
he funds distributed among these des
Itute beuehrIaTiee. They viii seri
'usiy doubt The correctness OF the
ess0uiug by which the companies
Justify the heavy charges for surren-
Icing policies, when they learn that
Turing he past niue years the divi-
leuds paid to living policy holders by
be eadiDg companies are but frac-
iou less than the death losses aud
aims PAID by the same companies
1riD= that time Ihey VIII also sc
iou-iy DOUBT 'he ProP"ety oi pacing :
1e'F inu'9 10 an ''l9'i'u'loo' '''o man !
= 'i''p' - "'''''' 'es ~ N97 1'u
P ''e p'uS ,
u hou' dp .,S; si's - '''e ~ 81 . . 7
''''71 .t l.l'' -i' p'3
'e"' "a ~ p'''
Uc'o '.,' - ~ ;"'ou r IS { u
10" ~ -. :" = e 0uog
''i'1 .1 80 - -. - - PJ''O'': "'''
I sun i.1, ''e" i -
now" '''.,, 49, r;af - b ~ ,'o' com i
q a. ''s I9'-'0 - r.,,. -. s'IS',5 5
- -. .scdJ;,-,' -, ~ ~
'i"S - - - it''e9' - - 4'' 10 t
'J' po ~ 80 - 'soet'e'' pup 5
them me gains 20 be expected IRON n
pSed ud surrendered policies. Lite
lsuranee, conducted on principles Of a
j - ~ a'' 10 nie'ii I5!' iG1.S' may COM q
vi the present mode Of t1eatiod snr a
,uder values and the manner of dis j