The Montgomery advertiser., 1908-08-18
EXTENDS THE TIME LIMIT Mutual Reserve Policy
 Holders Advised. SAVES A DEAL OF TROUBLE Result of Federal Courts Order in
 Gotham. Effect is to Postpone Making rndi- viduaI Claims to Receivers OF
 to Avoid the Trouble Alto-
 sether-PremIums stop.

speaking for the Alabama Depart mens sien or I1suranee. Deputy Commits statement in which he advised the policy holders of the defunct Mutual Heserye Life Insurance Company. of
 about Sans po ndvdSs dG 9a0s eas ts ts. receivers. The advice Is given be- cause Of recent decision of the Unit sd,tSasss ga states Circuit Court for the has iurisdiction of the receivership. hundreds of poiicyholders of this coIn- both the assessment and dfaa0ia ttie iesai re. e serve classes. It saves a lot of trou- ole tncident to preparing the data and affidavit and also the fees of q ,5srrlisfiyS; the :. oEess ;. of @ the Federal pointment of a special master. to take the Mutual Reserve Life with view oi aseertaininH the, .equitable amount que to the policyholders of each class sets of the company. Notice of the size. of each policyholders' claim will be sent to him or her and within thirty days protest against the adjust ment may be filed by dissatisfied policyholders.
 The effect of the new order of the court is also to continue the time for filling individual claims until Deeem- Der 31, 1908, before which time the mas ter's report will have been filed and notices sent to the policyholders.
 Review of Court Order.
 The statement of Deuty Sexton is as follows
 The Insurance Department wishes to announce to the policyhlders of the Mutual Reserve Life Insurance Com pany of New York. which said com pany has been in the hands of receiv- CTS since February 18th. 1908. and which said company announced re- gently that all claims against the com pany should be filed with the receiv- CTS on or before August 1bth has, by authority of an order Issued by the United States Circuit Court. of the Southern District of New York, ex- tended the time for filing claims to December 3lst. 1908.
 "A special master has been appoint ed to examine into the report. upon the respondent shall be distributed among it's poiieyhoiders and members of all classes when said estate is ready to be distributed. and as to what preference and prioity may exrst between the said creditors, policy hold CTS and members therein. The receiv- CTS are ordered to fill in court de- IHti statement OL EHe HdHiES oA GAA policyhoiders and members as shown by the books and records of the con- pany, made up and classified in accord ance with the principles which shall be established by the court upon the said masters report.
 ''Such detail statement So to be filed by the receivers shall. as to the claim of any policy holder or member de- scribed therein, have the same eftect as verified statement of such claim dulypresented by the policy holder or member, and that policy holders and members need not file their claims at present. The receivers will notify each policy holder and membsr of the manner in which his claim has been stated in such report so to be filed by the receivers.
 "within thirty days from the time such notifications to the policy holders and members are mailed by the re- ceivers, any policy holder or member, may. if. dissatisfied with the report made as to his individual claim. con test the report so made by said rs" ceivers as to such independent claim by flilS: a claim before the master for the amount which said policy hold CT or member considers himself ens titled to.
 @The Insurance Department will be glad to continue to render any ser- vice that 1t can to policy holders ana members of the defunct company In this State and will cheerfully and promptly. answer all inquiries that may be directed to it. 1t Is impos- sibie to State at this time what policy holders will receive. but as soon as the masters report. above referred to. can be made up and submitted. 1t ts possible that some approximate amount may be suggested. The policy holders are advised not to make any more payments to the receivers or to any one else on account of policies held in the Mutual Reserve"