The sun. [volume] (New York [N.Y.]) 1833-1916, 1879-06-03
nov 1IlE INsrHINcr rlorRrsnEs.
The Enormous SINUS OF Money that are Han.
died by New York CompnuIes.

ALBANY, Juno 2.-Thc annual report Of
the Superintendent Of tho Insurance Depart
mcnt gives the assets Of life insurance compa-
MES doing business In this State on tho 3lst 90
December last. II shows that the gross assets
amount To siu4 O79.lll75 an increase OF a. .G5s.-
5j3.96 compared with the amount reported In
1877. or this gross amount ~ assets, home
companies possess 1906 $50 .G3O.Si; other State
companies. 1927 j26jl3.9l. The item OF pre-
MUM notes ana loans has decreased since
January. 1873. s3.790.j32l5. Deferred ana
uncoilcctcd premiums have also dmin-
ished siO23lG.6l In the yeAr. II CAPT
tai stock be- excepted. the liabilities az
greSato 1899 jsj GIG 80. The increase in
the year WINS 81. 100 1873. The liabilities Of New
liabilities II other States, ilGi.7g2 2s7 81 total
surplus ~ regards policy holders. S6i i9j jlS.iJ.
Of New York companies the surplus amounts 10
s3l $50 2g2 II surplus II other s,ntos s92.73i.-
2263A In" aggregate an CUNT 20 income WAS
$50 i62 999.3i. nging. g. GJ9Iil ~ lessthnu was
received IA 1871. ~ which S17 SuG 97G.ig was
returned rs cash and ~ $50 122ss as prom um
notes and loans. The total eNcns- Of income
companies expended g. $500 81 over their In
come, To" total eNpeud lures are plnced 10 -
OF this amount. $50 % 22j.s0 WIS paid for
losses and claims: fl1 ugi H14.ll TOR policies
dends 10 siockhodsrs; sli.63l4ig.32 for diNi-
dends 10 policy holders; s3.OGs 3s1.i2 FOR COM
mlssions t2.9j23i35 To oiiinr: and med
teal examiners; leaving $i97l 3299S 10 Dee
accounted for IN other ways The To-
tai cash expenditures were SGdA72 5iG.75,
We're Is 655 52So5 Tho New &"rK s Irfs
companies issued 3lIlO policies, iusuring
ss' '02s's32, " 4,4e, .tl'US polcrs terminated.
issued s535O policies, insuring .i6947l297.
while 4G4i4 policies terminated. insuring
a. 90 policies issued during the year inSnrine
tloG,5OO. l2Y. and si242 policies Terminated, in
Surfing .2jl ,2gl ,ols. 1t appears from THIS that
the companies dia less new business than "a the
preceding year. there being 1854 less policies
ana s330s4 6d2 less insurance l"rmnuted Com
antncrease' Of i'SiG Tolicies. while % presDnt
II decrease Of 81 SIS policies; company
shows an Increase ia the amount oi outsiand-
ing policies u S2l6,O73. while 33 return a d.
crease Of t750G7 462 thus giving y net do
crease OF 2ole2 policies, amt S74790 is0 in
amount Of claims by death in 1873 was less than
that of 1876 by Ia Ia number aud 1924 SIS IN
number, but was S16),63l greater IN amount.
Twenty companies SHOW less number and 10
q less amount OF claims as compared with
1876, while II companies SHOW less num-
Dor aud ~ less amount ns com
the companies doing business in this State had
outstanding Gl2si3 policies, insuring 81 49,
92l 1923: Of these, iI9O7J, lusurinK Sl.2ls.OSl-
463. were whole life ll477j insurng t2lO.53O-
$4,000 D4l, represented all other kinds OF poll
ci"s. Including short term and irregular. The
bl- ness l0llf III New I nTk. NN ffnt1Iiel. SiNMS
l2O.759 policies iusurlng 1929 $50 1856. were in
force on the 3lst day Of December, 1878. Dur
ing the year preceding LAG policies. covering
}2I4l3OUJ OF Insurance, were issued, 81 .72l-
4lO.G9 were received in premiums. s5 100 rs
were paid for losses. and So ,29i .296 represented
the losses incurred.
Tho report also gives a complete list OF the
life and casualty insurance companies author
ICED to transact business in this State Dec
and In tho case Of companies from other
States the name and address OF the nttor-
nry upOn whom process may be served. IL
also gives the ratios obtained 10y compari-
son with each other IN various WAYS OF the net
assets reinsurance reserve, risks In force,
premium notes and loans, and deferred and
uncOllected premiums. and tho amount Of
ture and amount OF tho securities on de-
post in the department, not only on
life companies. but OF every company
required 10y existing laws" to make n. deposit
for the benefit Of lis policy holders also list ot
the various life cumpHults at this State which
ceased doing bus ness from 1883 10 Fob. !. 1879.
and also a list Oi llte companies Of other States
business in this state during the same period.
and gives the receipts and expenditures Of the
Insurance Department for the fiscal year end
ing sept. 80. 1873. which Were NJ follows: Total
receipts Of tho department. {S3.s70.S9; total eX-
pendlturcs $75.33G.2S
The following tables arc also given:
GloHG MUruAL-Mhoe number OF policies issued
3,la5.
Whole amount of insurance .... .......sll OBS SIS
Number oi policies M iufcr Az
Amount OF insurance IN iufce. ,...,,...s... li2A4,6
neposlt $40 %
MKrRoroLlrAN Whole number OF policies issued 4nl
Whole amount ol insurance - ,bfs 100