Waterbury evening Democrat., 1908-04-29
LIFE INSURANCE
Interesting Report Submitted 10 inc Governor By Commis-
 si0ner Mcdonald.

Llolup lhPiil
 twenty-nine companies licensed to dc life insurance business in this state on the level premium plan, on Decem- Der 31, 1907, according to Part Il oi the forty-third annual report of the insurance commissioner, submitted to-day to Governor Woodruff by h. surance Commissioner Theodore II. Macdonald. There are no assessment life companies doing business in this state. The total premiums received show an increase of. $5,O95, 10 .26 TOT 1907 over 1906, and the total income an increase of $16,4SS;713.29. The total amount paid to policy holders in 1907 was $23,7S1,S46.1S more than in 1906, and the total disburse- ments s29,1S7,799.70 more. The net reserve on the policies in force was $2,S53, 3,914 ,023.53 in 1906 and S2,' 25S,S2014 in 1907, showing an in- crease in the latter year of $166, ,344,- 796.61.
 The Connecticut companies issued 1855 per cent of the total number oi policies and 20.7S per cent of the to- tai amount of ordinary insurance is sued in this state during 1907. The industrial policies issued in the state during the year were S6.2O per cent in number and 43.65 per cent. in amount of the total. ,- E
 There were 45 stock companies li- censed to do accident, casualty, f. delity, surety, etc, business in Con- necticut on December 31, 1907. On Connecticut business these 45 com panies received $S47,09349 in pre- miums, and paid s231,635.4S for losses during 1907. '''-'-'' ''.
 The report further says:
 The returns of the life companies penses accompanied by diminution in the volume of new business writ ten, the decrease in the amount ex- pended for first years commission be. ing very marked.
 Insurance in force showed an in- crease during the year which, il small is not unsatisfactory, taking into consideration of the general con ditions of the business. On the usua assumption that the cost of new business is ten times the cost of car ing for old business the expenses per $1,000 of new insurance issued de- .cerased in the case of the Connecti- cut companies from $36.02 in 1906 to $32.32 in 1907, and in the case oi companies of other states from $36.O7 to. .$3S.09 in 1907.
 This improvement in the expense ratio is of course mainly due to the limitations imposed by the recently enacted insurance laws of New York. I
 As was to be expected in q year containing great financial panic the volume of policy loans showed all ab- normal increase. On January 1. 1907. S.2 per cent of the total assets of the companies was invested ul loans on policies and premium notes.
 On December 31. 1907, this pro- portion had increased to 11.22 per cent The gain and loss exhibits of the companies show an apparent loss in investments during the year amounting to the gigantic sum of | s113,000. 900 and the fact that so | great a depreciation in securities | could be sustained without being | cause of embarrassment to any | company of considerable note is an evidence of the great strength of i these Corporations as a whole. In- surance departments were lenient in their valuations of securities | and although few companies took adj vantage of this leniency, 1t is never. theless a noteworthy fact that had [ 1t not been exercised this apparent would have been even greater.
 Although the figures f1c business in Connecticut showed gain of in- surance in force there was falling off in the amount of ney insurance issued as compared with 1906, which was. perhaps, not unexpected, owing to the business depression. It is a fact that on December 31. 1907. there was in soree on the lives of citizens of this state in com panies maintaining agencies therein. s220, ,000. .00O of life insurance. of which s72.00O,O00 was industrial in- sursnce.