Der Sonntagsbote. (Milwaukee, Wis.) 1906-1912, 1909-07-11

ditional charge or expense to Il. make one
additional valuation Of such policies. accord
ing 20 such standard. as II shall specify.
ANY valuation made by HIN shall. upon
request. be certified TO the commissioner Of
Insurance or like officer Of any other state
or country
5. Al valuations made by the state
shall be tabulated and preserved as a part
of the records OF the Department Of Insur-
ance. Each valuation shall be accompanied
BY a statement OF the tables Of mortality
used the rates OF interest assumed. and
the method OF computation employed.
Section ls5Oa. There shall be paid by
every life Insurance company organized ia
this state snd 10y every life Insurance com
ether state or foreign country. Il no certi-
he'd valuation has been furnished
as herein provided. by way of compensation
for the valuation OF It's policies
one cent on every one thousand dollars in
sured by IL, which shall be paid by the
commissioner OF Insurance into the state
treasury
section t950b. whenever any life in
surance company. organized under the laws
Of any foreign country, shall have been ad-
mitted. Il shall also be the duty OF the com
n ssioncr Of insurance 70 annually and sep
arately value all policies written. In. or on.
tte lives Of residents OF this state. and Il
shall be the duty OF such company, as one
Of the conditions Of renewal Of license. TO
invest. and at all times keep invested. the
aggregate net value Of such policies. in
such securities as provided for under the
laws Of this state. and deposit such aggre-
gate amount IN such securities at their
book value, with the state treasurer. every
such company depositing such securities
shan have the right TO receive the income
thereof. and to exchange the same from
time 20 time for like securities OF like value.
and may withdraw such deposit when the
commissioner or Insurance shall certify that
al liability arising under all policies or
contracts issued In or on the lives OF resi-
dents or this state has been satisfied, and
that there is no further necessity fer such
deposit
Section 1880. =. The table Of mortality
adopted, II ctaer than the American FNne-
rlence, the Actuariee, or the American Ex-
perience Select. Ton the basis that the rate
81 mortality during the first dive Years after
the date of Insurance shall be calculated ac-
cordlng TO the following percentages OF the
rate shown by the American Experience
Table OF Mortality. to-wit First year OF
insurance nifty per centum thereof, second
year OF Insurance sixty-hve per cpntum
thereof. third year OF insurance seventy-fiNa
per centum thereof, fourth year Of insur.
ance eighty five per centum thereof. afth
wear OF Insurance ninety five per centum
thereon. and for each year thereafter one
hundred per centum thereof shall not eN-
hibit at any age q lower death rate than
thar shown at the corresponding age and
duration by the British Ofices Select q
iMl Mortality Table.
? The rate OF interest assumed n com.
putting premiums and reserves shall not be
less than three, nor more than four per
centum per annum.
Section .. This act shall take effect and
ee IN force on and after the FIRST day OF
January, 1910, after it's passage and pub
Approved May AZ. 1909.