New-York tribune., 1899-12-03
INSURANCE REQUIREMENTS.
CRITICAL AND EXACTING RULEs-Corf
FILED AT ALBANY.


Herewith and received license, has nled WIN
Superintendent Payn copy of the rules goVerhhs
It's admission after the favorable reports on NS
examination by the Prussian Companies had Deeh
filed. They follows:
l. or each and every change Of the bylaws notice
nession' and before they can be put Into execution
they must be approved by the Prussian state uo'-
2 The concession must be made public IN , tne
official papers. and In the official organs Oi pnpends
ton OF those districts where the company intei'u'
TO do business and at the Company @ enpe nf ono
The Company must establish st ieaSL b,,sh,oenf
with business office and General HepresenStdd,eS 49,
to remit to the President OF that Royal DiStrsct
Goyer1ment under whose }9r,sdcft9Pn f 9PnoIine-within
the first six months OF every business year Ill ,i 1a
port of the Company as required .p,,ssjan pr Slate
with the regula issued by the faussIs. % ~
Authorities and voucher for the fuhImens OF ,r he
conditions stated under paragraph NO; o sen me
Companys assets in Prussia are 70 De rs basnpo
aratey from the remaining assets Inc paanrv r,
sheet the closing Of the ACCOUNTS apo must be- made
public every year I'm the German feicns- q % -
and the Ppussan The enc1a Represen ave must
be answerable for the correctness or the paa,Ce % %
s6sn, s6sG ana r6 ae and oss Sccoun as for
the books kept by him and II necesSsdy Hnr in
security in "gSr gesses Hl az ocy so requested
must give every information In regard 70 me MAJ az
1.omnany or the installation of .he Company In
Prussia; further. present for perusa an ooS I'M W.
accounts,
All contracts of the Company are to be made S
General Representative and from his nn M
domice. The Company must as deiehda'ts sni,ess Ut
count of all obligations arising from lts pusihess
dealings with the inhabitants OF the country, at the
option Of the insured residing in the country cs ac
ep PenTesen,atiye or at that OF the agent who
acted as Intermediary for the insurance anH % nus @
exnressIv state this obligation in every poHSy Is
sued 10 a resident Of the country If the dlheT amer
ences be settled by arbitratOn t,as.ns e % Of
.ha
the Prussan State. .,- .,. .,o cornanv In
All announcements made by the e G0mRSmyd DThshcd in
the Germal "Reichs-Anzeger" and the rruSSi'''
3 The company must invest one-half OF the
yearly premiums devolying upon the IN p1ussan Con-
sured besides the interest Thereof TN IN m hs PrHs-
sian state Debt Register, and must cause the 6eht
dton entered into the PruSsan M anove can
not be disposed Of by the Company wlthout Jne "p
proval Of the Prussian Minister OF the as' poc,es
with participation In the prohts ohly W." NJ arst
nua distribution Of the gT0nis o 90 the st second in
surance year Tontine policies or policies WIN WIN ue %
ferred participation in profits cannot be issued oy
3 The Company must combine all policies with
rate division and keep special profit and loss ac,
count for this division submit this to the Prusstdn
Oficials of supervisl lon and publish II III 'h'
q Tho company must effect the distribution OK
the general expenses which devolve upon the POI POI
icies with annual participation In such a way
that these expenses are divided into two classes
namely (a) In regard TO the first years premiums,
the new business; b) in regard to the renewsil ',si
policies, the old business. on policies with anhuS,
Of ali the expenses of the hrst class will cor
rssPOnd to the st of he pos I'm in
ton to the first years premiums or the totai o1s Isl
total expenses OF the second class as the premiums
OF the following years with annual participa'i0s s III
the profits bear to the total business OF the COM
10 The Company must embody the regulations
to In the policies and prospectuses. and ceerH
ing the share Of each policy from the the t2ta, na
dividends on the basis Of the INC issued
with annual participation In the profits are "a, ascer GER
T AZ Ss ss ed IS ds Df oay
OF the policies issued with annual participation ~
The Rs TH %hc s 6 S a as s
annual participation in the pronts IN TINS caTp po
SHn tots amount Of the expenses is divided into two
classes namely (a) those expenses which concern
those expenses which concern the premiums of the
following years; policies with annual participation
tonate share OF the total amount of the first class
results from the proportion between the pre- pre-
a st vear on the total business of the Company
In the same way they will be charged with such a
proportonate share OF the total amount of the ex-
portion between the following years premiums on
the policies with annual participation In the profits
business Of the Company After tho profits of the
year have been ascertaned, In so Far as they con-
pros snS By MEANS OF his the companys
Board OF Managers may apportion certain sums, to
serves (as, for instance reserve fund for military
risks, for mortality fuctuatons) on tho condi-
ton that the total amount OF these sums In the
OF the does not surpass one-fourth part
OF the St % int ea 9e hs Ine nevs1 b e
than three-quarters Of the total prohts) Is then
with annual participation in the profits on the ami
versa-y OF such policies IN the following year The
Of the dividends to be distributed is as follows
Policies of one years standing participate in pro-
years standing participate in proportion to tho
yearly premium increased by one-sxth; policies OF
the yearly premium Increased by twosixths, and
so on. Qne-sixth more for, every additional year
during the continuance OF the policies.
The Limited Payment Life Policies OF which tho
esoPne Pae not H @ aoe a IN m 9e
In proportion to the yearly premium, calculated in
and the the Insured at the time s the pocy
issued and The policies ,, Of this same class which
in proportion to the twentieth part Of the single
premium for life insurance, as stated In the printed
age OF the Insured at the end OF the business year
II: The Company must pay as cash surrender
existence e5 per cent OF the reserve after the
fourth year OF It's existence e7tz per cent and so
serve after the seventeenth year The surrender r
values must be clearly shown in the prospectuses
and policies. The Company must grant the corre-
spending surrender value Of a policy less per
cent as n loan at per cent interest, and
embody I'm the policy table sho wing the amount
OF these loans every year
IL. The Company calculates the premiums accord
ing to the American Table OF Mortality The pre-
MUM reserves on the policies issued since 1893 are
calculated at the rate Of per cent policies with
annual participation In the profits at the rate OF
~ per cent, all other policies at tho rate OF per
cent. The called Zilmer method or any similar
cannot be used In the calculation Of the re-
serves. Any change relating to the Prussian busi-
in regard to the basis OF calculation OF the
premiums and reserves, as for instance, the Table
of Mortality, rate OF interest. additions made the
AZ m
are TO be submitted TO the Prussan Supervising
Authority for approval before they can be intro
duced.
13. All changes made by the Company in the In
surance conditions. TO he used in Prussia must he
submitted to the Prussian Supervising Authority
for approval before introduction.
IL. The Company must assume the war risks OF
ordinary cltzens insured In lts Cnmnanx viii hnrt