Pierre weekly free press. (Pierre, S.D.) 1889-19??, 1907-12-26
ANNUAL STATEMENT
For the Year Ending Decs.aber .s1st,
A. ID. 1905,

OF the conditions and Affairs
MUTUAL RESERVE LIFE
ANcEs COMPANY
Organized under tile laws Of the
New York: made to the InSur
partment of the State Of Soutl
pursuant to the laws thereof.
Il. 4. Secretary, Charles w.
corporated, Feb. ., 1881. Reinc,
under Chap. 115, Laws of 1SS
corporated April II, 1902 under
New YORK. Commenced busin
., 1881. Home office, 3O5-3O7 -3t
way, New York City, N. Y.
/. CAPITAL STOCK.
(a) Amount of lodged assets
(aS per balance) December
3lst of previous year. $50. 81
II. INCOME.
Total premium income. IS
Premium notes, loans or
liens restored by revival
OF policies ......
Total interest and rent.
Profit on sale or maturity
of ledger assets. .....,....
From other sources.
Total income ....,, S4
III. DISBURSEMENTS
Net amount paid for losses
and matured cndowments. 81;
For annuities involving life
contingencies .............
Premium notes, voided by K
lapse OBSERVATION-DISCLOSURES.
Surrender values ...........
Dividends to policyholders..
Paid for claims on supple
mentary contracts not in
volving life contingencies.
Commissions and bonuses to
agents.. .............,
Committing renewal commits
sions
Salaries and allowances for
agencies, mar:agers, agents
and clerks ......5...
Agency supervision, travelling
and al, other agency OK
penses ......,............
Medical examiners fees and
inspection of risks ........
Salaries and all other COM
pensation OF officers and
home office employees.
Rent, including amount for
company's own occupancy.
Advertising. legal expenses,
printing and stationery and
postage ................
Furniture, fixtures and safe.
Insurance, taxes, licenses
and department fees. .....
Taxes, repairs and expenses
on real estate. .,........,..
LOSS on sale or maturity of
ledger assets .....,.......
All other Disbursements.
Total disbursements ...... 81
~. LEDGER ASSET:
Book value OF real estate un-
incumhered ..N,...s....nS.s...
Mortgage loans on real es-
tate. first liens. $3.50.
Loatls made to policyholderes
on this company's policies
assigned as collateral.
Premium notes On policies in
BOOK value ;.ii, Of bonds and
stocks ......... .........,
Deposited in trust companies
and hanks on interest. ~.
Cash in compuny's office.
Cash IN banks .............
Deposited with collecting
banks and bonded collect
OrS ....... IS
Agents balances ............
l
Total ledger assess. 1895. s.
NON-LEDGER ASSET
Interest due, and accrued....
Rents due and, accrued.
Market value or real estate,
over book value. ...........
Net amount of unsolicited
and deferred premiums....
DEDuCT Asserts a !, NOT ADM i N
Agents debit balances. .5.l..S.,
Premium notes and loans on
policies and net premiums.
Book value OF ledger assets
over market value. .........
Total .,.5..... -.
Total admitted assets. 81
v. LIABILITIES.
. Net reserve Observation-Disclosures. "
Present value of amounts
not yet due on supplement-
airy contracts not involving
life contingencies ........
Total policy claims. .........
Due and unpaid on supple-
mentary contracts not In
volving life contingencies.
Salaries. rents. office eXpens-
ss., taxes. bills. accounts.
bonuses. commissions, med
teal and legal fees due or
accrued ................
Dividends or other profits
due policyholders .........
Dividends apportioned 1850.
Other liabilities .....,..f...,.
Unassigned funds (surplus).
Total liabilities ..........,. 81
VI. EXHIBIT OF CERTIFI
Policies on the lives Of. ctti-
zens of said state in force
December II of previous
year SVe
Policies on the lives OF citl-
zens of said state issued,
revived and increased DUR
ing the year.....
Total ACKNOWLEDGEMENTS
Deduct ceased to be in force
during the year............ 29
Policies in force Decem- !,
Der 81 Observation-Disclosures. $SU
BUSINESS in THE STATE OF
DAKOTA DURING THE YEl
Policies on the lives of citi-
! zens OF said state issued
during the year. ...........
Losses and claims incurred
during the year..
Losses and claims settled 4
during the year.
Policies In force.
Premiums collected s.;