Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-03-11
EMPLOYMENT WANTS.
~-~~N~~,~--
AGENTS WANTED FOR THE
MARYLAND LIFE-INSURANCE COMPANY,
will be made for Counties


| Appointments will be made for Counties
or Districts.
Assets ISL, S62, S42 n Surplus. ... S5oz' los
The company has no general agents 10
control a whole State, but the Local OF
District Agent receives the full commits
sions and renewal commissions usually
paid to a State agent This company mas
been transacting business in virginia
for more than thirty years; For the IN
formation of its policy holders, ana or
those who desire to become agents OF the
company the comments of the Baltimore
Underwater on the last annual statement
are published below. ...
Contracts will be made with persons
who can devote a portion OF their tlne
to the business. Address the HOME
OFFICE, 10 South street. Baltimore
Q'rom the Baltimore Underwater Fep-
ruary q, 1881
The statement of the Maryland Lie
Insurance Company of Baltimore, pup
lished in another column, merits the care
full attention of every one interested III
the history and development of life lnsu-
ran,e in this country, because II SHOWS
what genuine success can be attained Dy
a small company. when managed on pru.
dent ana conservative lines. ROUNDED
thirty-three years ago, a generation mas
passed since it began to do business, ana
during that period IL has experienced an
the vicissitudes which have come to the
financial world, encouaterlng among OtneI
things two notable panics whlch snip,
wrecked many other corporations ana
commercial: ventures; and yet during all
these years it has continued TO increase
its assets and maintain at the same time
a large surplus as additional security TO
its policyholders. As Will be seen from
its statement the bonds and stocks held
by the Maryland, which form large part
of its assets, have market value or over
per cent. in excess Of their par value.
The total amount loaned on mortgage Is
being "A
property valued in the aggregate by the
companys own appraisers at more tnan
three times the face of the loans. 1t is
interesting here to note that out of more
gether, the company has only been
obliged to acquire under foreclosure eight
pieces of property valued at $500 and
five of these are now under rental.
The total amount Of assets so far eX-
ceeds the liabilities with a reserve fund
reckoned on the American Experience
Table of Mortality and AZ per cent. inte-
rest-the legal standard in Maryland-as
to provide surplus to policyholders OF
"A per cent. or In other words. for every
dollar OF Indebtedness by this standard
the company has $l24 of assets. But while
~ per cent. is the legal rate, the Mary
land has for its own purposes always
maintained a more rigid standard, and
calculated and kept its reserve on a 4
per cent. basis. With such a reserve, the
surplus Is nearly Is per cent. of the total
liabilities, or, put in another form, the
company has $llS in assets for every
dollar of liability. Still further to demon
strate it's soundness, the calculation has
also been made this year for the purposes
of comparison, on the yet more rigid
standard Of 312 per cent. interest. and
even then. the Maryland can show more
than fill in assets for every dollar of
liability. percentage Of surplus that |
not a few companies do not exceed on the |
4 per cent. standard.
The results thus outlined have been at |
tanned by prudent management. the deter |
TO do no business. save that |
which can be obtained within a reason |
able limit of expense, by careful selection |
Of risks, and by cOnservatively restrict |
ing its insurance TO $4,000 on any one |
life Yet with all it's conservatism the |
Maryland has been liberal i'm the best /
sense, as is shown by the striking fact |
that, although in one form or another il |
mas paid 2,@0OOO TO its policyholders, IT |
has never yet had to maintain a single |
suit in court over q death claim NH 1927 |