The herald-advance. (Milbank, S.D.) 1890-1922, 1903-04-03
ANIMAL STATEMENT
For the Year Ending December 81, A. y.
1902, of the Condition and Affairs of the
Central Lie Assurance Society.
y. S., Of DcS Moincs.


U. S., OF Dcs Moines.
Organized under the laws of Iowa. made
TO the COMMISSIONS Of Insurance OF
the State of South Dakota, in pursuance
Geo. B.: Peak. Vice President, w. l..
Shepard. Secretary, H. G. Everett.
PPrlncipal office, Observatory building.
Des Moines, Iowa. Attorney for service
OF process in the State of South Dakota.
Incorporated Feb. is, 1855. o Commence ea
business Feb. %. 1896.
CAPITAL.
Amount of capital stock. ....... 500. 900. 90
amount of capital subscribed
put unpaid .,............... lOO.OOO.OO
ASSETS OF THE COMPANY.
Mortgage loans or real estate. Sis. 200. 90
Loans made to policyholders on
this company's policies as
signed as collateral. ........ %, ISL SO
premium notes on policies in
force .............. ............ 5.OS9.9 90
Cash In company's oftiCe........ 5,12O 60
Bills receivable ............. 7.O7l.9T
Uncollected and deferred pre-
miums net.................. TO- s9.64
Amount of interest due and ac-
crued 2,472.14
Furniture. fixtures. supplies,
etc .."........................ 100000
Aggregate ledger and other
assets SITS, 1857
Deduct assets not admitted and
for depreciation:
Furniture, fixtures and Safes. 10000
Agents debit balance. 6T4.4G
Supplies, printed matter and
stationery 10000
Total $3,174.46
Total assets STA 61. 81
LIABILITIES.
Net reserve .S119, 1914 o.
Premium notes or loans on
policies and other obligations
in excess of the net value of
Inplr DOlGlpS WI kV
Claims for death losses which
have been reported and no
proofs received 1000 90
Amount of all other existing
claims against the company. .......
account ,;;....~..:.........s 1922, 7e4.e4
capital stock paid up.......... so, 1857
Total STA 61. 81
INCOME DURING THE YEAR.
Amount of cash premiums re-
ceived on new policies, no ex-
pense deductions ............. Sal, 566. o
Amount of cash premiums re-
ceiVed on renewals, no ex-
pense DEDUCTIONS ............. sc. 3O4.s 81
Amount of surrender values re-
ceived applied to purchase of
paid-up insurance and annui-
ties 97.55
All her receipts from policy
hoiueis ........
From interest upon mortgage
loans 3.564.6s
F'roIa interest on premium
notes. loans or liens 1.S46.9O
$113, 3sO.41
Deduct amount of premiums
paid to other companies for
reinsurance on policies in this
company 214.73
Total income .S113, 1856 S
EXPENDITURES DURING THE YEAR
paid for death claims
an1 additions ............... $40, 10000
paid for matured en-
values paid in cash. eo7.os
values applied by
poiicyholders to purchase
peid-up insurance and annui-
Amount to Stockholders ...
Amount of commissions and
salaries paid to agents.......
Amount paid to officers for SAL
aries and other perquisites. -. ........
paid for taxes, rents.
advertising and department
1ses ............. ......-... ........
Amount of all other payments
and expenditures ............. @........
Total expenditures ..........: 81. 404. 81
STATEMENT OF BUSI-
NESS TRANSACTED IN THE STATE
OF SOUTH DAKOTA DURING THE
YEAR.
Whole amount of premiums re-
ceived in or from the State of
South Dakota during the year. 50, 1854
Amount paid for losses in South
Dakota during year......... None
LIFED
Sian OF / VA, COuN rY OF POLK
Gao, B.. Peak. President. and H.. G.
Everett, Secretary, of the Central Life
Society of the United States,
being duly sworn, each for himself de-
poses and says that they are the above
officers of the said COMPANY.
and that on the thirty-first day of De-
2ember last all the above described Assets
were the absolute property of the said
COMPANY, free and clear from any liens
ana claims thereon. except as above
stated, and that the foregoing Statement.
the Schedules and explanations here
n obtained, annexed, or referred to, are
l full and correct Exhibit of all fhe AS
less. Liabilities, Income and Disburse-
# the said Company on the said thirtvs
irst Say of December last, and for the
ear ending on that day, according to the
'est OF their Information, knowledge and
GEO b. PEAK. President.
g EVERETT, Secretary.
Subscribed and sworn to before me, this
7th day, Of February. A. d. 1903.
SNotariaD O. G. MILLER.
! seal } Notary Public.
'TAIE OF SOUTH DAKOTA.
Insurance Department.
l. II. c. Shober. COMMISSIONS Of Insur-
nee of the State of South Dakota. do
hereby certify that the above is a true
opy Of the original Statement now ON
lie at this Office.
In Witness Whereof, 1 have hereunto
ct my hand and affixed the seal of this
moe ct Pierre, this Dist day of Febru-
ny, 1908. H.. c. SHOBER,
tSeaD Commissioner of Insurance.
HE FATE OF SOUTH DAKOTA.
Department Of Insurance..
Sompanys Certificate Of Authority.
Whereas, The Central Life Assurance
'ociety OF the United States, a corpora
ion organized under the laws Of iowa.
las MED In this office q sworn statement
IT'S condition and business for
he year ending December 81, 1900. con-
ormasle to the requirements of the laws
this State regulating the business OF
insurance; and.
whereas. The said Company has filed in
ms once a duly certified copy of its
.narter, with certificate of organization,
n compliance with the requirements OF
he insurance law aforesaid:
NOW, Therefore, l, II. C. Shober, Com
of insurance of the State Of
'outh Dakota, pursuant to the provisions