The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1903-12-02
ACTUAR|ES REPORT
Kansas Mutual Conditions Are
Given Complete.
ASSETS SHOW A SURPLUS
Showing Is Considered Favor
able for Policy Holders

Topeka. Kan, Dec. 1.-The actuaries ap
pointed by the court to determine tn
liabilities and apportion the assets of thu
! Kansas Mutual Life Insurance Compan,
| have completed their report. 1t cover:
15S folio pages of closely typewriter
matter. and indicates that great care wa:
| given to the consideration and treatmen
| of the various questions involved in de-
| termining the equities and rights of th'
policy holders.
The trustees final report, just com
| pleted. shows the admitted assets June
| 3Oth, 1903, as follows:
| Mortgage loans and interest due
and accrued ACKNOWLEDGEMENTS 1913, S6i. U
Loans on policies, and interest
| due and accrued ............... "a, $50. 8.
Renewal Premium Notes and in
| terest due and accrued ........ 4403;
Cash in office. 2.O3O &
Cash in Merchants National
Bank. Topeka .......... 80, 232 5;
Cash in Central National Bank,
Topeka Observation-Disclosures. 4S,s25. AZ
Cash in Bank of Topeka 1900. 7s3!
Net uncollected and deferred pre-
miumS NEUTRALITY-SUSPICIOUS.. 81, OO2
Total Net Admitted Assets. ST., 5.0l
From the foregoing assets are deducted
the following liabilities:
Death Claims ...................S L, 332. So
Guaranty Fund and Reserve on
Original Plan Policies ........ 123, 307 %
Reserve on all other policies. 504 305. 90
Additional Reserve under REIN
surance contract ................ %, 155.30
Fees and allowances of Trust
eeS Observation-Disclosures 2, 10000
Miscellaneous allowances, Includ-
ing clerk hire, printing bills,
stationery, ACKNOWLEDGEMENT. 5,069 Al
Leaving a balance of approximately
S24 9l5.35
From the foregoing IL appears that the
entire amount to be credited to and APP
portioned among the policy holders is
substantially as follows:
Total Policy Reserve and Guar
anty Fund ........s66 $685.. 612. O3
Surplus, approximately .......... 24,915.o %
Reinsurance Bonus .............. 100. 1874 Of
Total Observation-Disclosures. .s7SS, Ill %
From the above surplus must of course
be deducted the expenses and allowances
to the actuaries for their services and
the clerks fees for filing their report,
and also any legal claim against the
estate not provided for by the actuaries'
report
Among the miscellaneous claims consid-
cred by the actuaries are the claims of
Davis. Moon and Welcome under GER
tain renewal commission contracts upon
the expense portion of the premiums
These claims are upon contracts that
if allowed in full, would extend over a
period of Approximately nine years. The
actuaries. while not specifically allowing
these claims, recommend to the court
that they be allowed for the reduced sum
of s3,659.90 which is a trifie less than
the total commissions accruing under
these contracts prior to june goth. 1903,
the date of the transfer to the Illinois
Life Insurance Company The foregoing
recommendation for allowance is made
upon condition that the claimants re-
lease and discharge in full the Kansas
Mutual Life Insurance Company from a..
lui t4iSi ODli6dlioil uilhSt 0etiu ItIlc W al
contracts.
In transmitting their report, the actuar-
les address the following letter to the
court
ITO the Honorable Judge of the Circuit
Court of the United States for the Dis
trict of Kansas:
Sir: In transmitting herewith our re-
port Of the apportionment of the assets
of the Kansas Mutual Life Insurance
Company. we desire to invite your at
tention to the fact that, while the Final
Report of the Trustees shows an appar-
ent surplus of s49.SS4.e7. our report shows
an apparent surplus of S24 .915.35.
This would seem, on the face, to con-
stitute a discrepancy between the two
reports, but upon closer inspection they
will be found TO be in perfect harmony
and practical identical. the apparent diff
ference arising ~ follows:
J. Certain claims which the trustees
listed as undetermined demands. not pro-
vided for, have since been settled or al
lowed by the actuaries:
Baird Palette; suit for
SIS o00 compromised
Tor ..--...-.....-...--..s1l45 1850
Stonewal Tingle; suit
for $4,000 compro-