The sun. [volume] (New York [N.Y.]) 1833-1916, 1892-01-28

Making total saving to our members by redncton OF
premiums Of more than thirty millions OF dollars.
LAPsis6
The number and mode Of termination OF membership
in the Mutual Reserve Fund Life Association for the
past twelve months hsrmonxes with the experience OF
the various old system life insurance companies OF
America showing that tho law Of Examinations by
death scarcely rigid certain than the law Of
examinations from other There always will be
certain percentage Of tho insured who will fail to
continue their insurance through The hrst There
will be another percentage to whom tho object Of life
Insurance viii no longer exist. and another percentage
they desired This 10 illustrated by the fact that tho
cid system companies issued In 1890 $3.50 II 2s3 OF
insurance yet their increase in tho volume Of business
In force At tie end OF the year but S437 82s o)o
showing . disappearance from their books of an
amount equal To than half the Insurance written
for the year. nearly Will. their death
claims for the same period but fraction greater
than 10 per cent OF their termnxons and the bushes,
OF the management Of large life insurance company
Is largely occupied in supplying freshly examined
applicants to take tho place OF those OF the
older members who shall have terminated their
membership for the various other causes than
by death. but should be stated that such termn
lions are not an unmixsd evil for these older mem.
bers pass on the books OF the company the new mem
bers freshly from the hands OF tho medical exAn,n err
take their places. and thus constant change 10
ring which doubt explains the fact that the orta
age scarcely greater than tho mortality Of tho same
company in tho tenh fifteenth year OF Its exs
For instance the mortality OF the New York life in Its
seventh and tenth year Of its existence so pei
cent greater than was tho mortality Of tho Same com
psny In the forty.eiyhth year OF its existence.
OFFICIAL xxAAMAroSs
Outside and beyond the six examinations made by
the Auditors OF the Association during the pas,
twelve months. the results thereof having been fur
nished to the members with their bmonthy Nortusry
Calls pleased In being abba report that early In
the OF 1891 Hon. 4. l.. Carey. Commissioner OF
Insurance OF the State OF North Dakota. and Hon
william @. Hayden Aotuary OF that department ap
peared at the once OF the Association and notified the
President Of their intention 70 proceed with ooia
examination Of the Affairs Of the Mutual Reserve Fuut
Life Association. Being clothed with the authority
law the books were ut once placed At their disposal
and the heals OF the various departments were mad
subject to their orders After thorough Investigation
Of the various departments Of the Association. In
GLIDING the Death Claim. Investment. and Medical De
psrments and upon the completion Of their work the!
handed to the President and ocers Of the Association
. report OF tho results Of their hndings.
The Commissioner report concludes - follows snt
In these words embodied the views of both officers
Asa whole wish to state that the business OF you
paying every honest death claim, and slmply. quot
heartily endorse ths, the Accounts Of tse sssociatio
saS!her thorough that
| am wsi satisfied with the honesty and ability o
!hs management and excellent nnsnSi.l condition Q
III: !; t:isEs 81
| "'s"'' Commissioner Of insursncs,