The daily morning journal and courier., 1900-03-09
ANNUAL INSURANCE REPORT.
Issued Yesterday by Commissions
 Schofield.

l GCHOllSlQ.
 The thirty7fifth annual report of the
 insurance commissioner, part ?, was is-
 sued yesterday. This is about twenty
 days earlier than usual. That part of | the report which is now issued deals
 with life, accident, casualty, fidelity
 and surety companies In the course of the report Commissioner E. l.. Scho- field says:
 "The business of life insurance for | the year 1899 evidences a degree of prosperity gratifying to the insurer and the insured.
 Assessment insurance has not been
 altogether devoid of useful purpose,
 It has brought home, through its low
 otherwise probably would not have been reached, the needs and necessities of insurance; has impressed upon this
 class an appreciation of the duties which they owe to their families, and through it's instrumentalities has dis tributed many millions of dollars to
 beneficiaries
 Many complaints have reached the
 department, now that assessment com
 panies are failing to obtain the requi- site amount of new business necessary to maintain an even mortality rate, that the number and amount of assess ments are increasing. To such com plaints it may be said that they should bear in mind they have not been called upon to pay the assessments without an adequate return, because during the life of their policy they have had pro- lection at less than it's normal annual cost. do not wish to be understood as including within this species of insur- ance assessmentism as the same obtains in secret and fraternal societies, where the element of insurance is an Incident merely to the object and purposes of the organizations.
 The constantly increasing amount of insurance reported as wristen at the close of the year, for which credit is taken as an asset under uncollected premiums not more than three months due, considerable percentage of which is subsequently returned as not taken business, gives rise to the inquiry whether companies should not be re- quired to report only such business as exists by virtue of a consummate con- tract; that is to say, one which has be- come operative against the company through payment of the first premium.
 Tt has become apparent to me dur ing my incumbency of the office that the insurance laws of this state are de- fective, contradictory and in such cons dition as to call for thorough and systematic revision.
 is n, x,. r,,,rrnsa it, tta ,,cyt report to make recommendations with a view to harnonizing the statutes and making them applicable to all kinds and species of insurance not now pro- vided for" la
 Then follows detailed statements of the various companies.
 The business done in Connecticut by all companies during the past year is as follows: Connecticut companies, number of policies. 1925 amount, s29.- 402512. Other states-Numbcr of poli- cies, 35,407; amount, $6S, 25S,3s9 Indus trial ompanies--Number of policies, 22S 43S amount. s390S6,411.
 The insurance outstanding of com panies of other states increased in 1889 $5, ,574,316 The Connecticut companies, HOWtNtip lpst SDlilt BTuuIlu III 1obS, llfe increase being s1,000,479, as against the increase of s1,209, 123 in 1898. The indus trial companies gained $S,767, 705, a net gain in 1899 over 1898 of S3,5446, ,772. I Connecticut companies in 1899 paid pol icy claims to the amount of $59S, ,50S.22; other states, S1 ,103997.S2 Industrial companies s52e ,011.67,
 The total admitted assets of all com panies are $1,462, ,664, 410.Ts, The liabili- ties on policy holders accounts is $1,- 2S4 336, 951 09. The capital stock paid up is s4465, 800. Gross divisible surplus, $173, ,SS1, 959.6
 The commissioner states that there were no withdrawals of companies business on the legal re- serve plan during the year, Nor was any association transacting the assess ment life insurance class of business admitted to operation in the state dur ing the year Of the latter class seven have ceased the transaction of business in Connecticut, two by one by revocation of li- cense, and four by passing into the Its Np