Ladysmith news-budget. [volume] (Ladysmith, Rusk County, Wis.) 1907-1927, 1907-08-08
No. 691, Al [Published July II, 1907
CHAPTER 658, LAWS OF 1907.

CHAPTER 658, LAWS OF 1907.
AN ACT to create sections 1881, 1952g,
1952h and 1854, of the statutes, pro-
viding for the asceftainment and appor-
tionment of deferred dividend surplus
The people eHH Of hd sfafe Of Wisconsin repre-
sented in Senate and Assembly, do enact
Section /. There are added to the stat
utes three new sections to read:
Section 1926 On all policies of life
insurance heretofore hereafter issued by
any company doing business in this state,
under the conditions of which the distribL-
ton of profits, savings earnings or surplus
Is deferred for more than one year from
the date of the policy, and contingent Ing upon
living at the completion of the period for
which such distribution is deferred, the
company shall, as of the thtrty-frst day Of
December in each year, after the year 1907
(a) Ascertain and set apart as to such
policies as class the amount of profits,
sayings, earnings or +b surplus then aGfumu d
distribution agreed upon In such policy con-
tracts.
o. Ascertain upon the written request
every individual policy In such class, in
the profits, savings, earnings or surplus SO
ascertained and set apart
Section 1889 No part Of the amount
of profits, savings, earnings or surplus so
ascertained and set apart to such class of
policies under subdivision (al Of section
cretions thereto, shall be diverted for diVi-
dends, expenses or surplus on account of
any other class or classes OF policies.
Section 1952h The The company CO Ranyyn shall on
year after the year 1908, file with the com
missioner Of insurance, statement verified
by the secretary and actuary showing fully
and in detail the method of aScertainment
of such profits, savings, earnings or sur
plus, the amount ACCUMULATED at the. end
of the preceding year, the additions there
to during the year, and the sources from
which derived; the deductions II any; made
during the wear and the purposes thereof,
and the amount accumulated at the end Of
the year; and a statement showing the
number Of such policies and the amount of
insurance In force at the beginning of the
year. the number and amount respectively
Issued, revived and terminated during the
year, specifying the different modes of ter
mination, and the number and amount OF
such policies In force at the end of the
Section 1881. Every company having
in force in this state any policy mentioned
in section 1881 shall on written request
from the insured under any such policy re-
siding In this state forward by mail to such
insured at his last known postofice address,
within thirty days after receiving such re-
guest, and. If the request snail SO specify,
policy is in force prior to and including the
year of the final distribution agreed upon,
a statement of the contingent share of such
tion 1881 according to the last contingent
share ascertainment prior to the mailing OF
such statement, which statement shall give
the following items:
Annual statement OF contingent snare
of surplus for the year ending
......, 49,.
Number of policy -.
Contingent share at beginning Oh
Interest at - per centum for year
on above contingent snare. ...A... So.