The pioneer express., 1912-05-24
\ ABSTRACT or srATEMENr IS
23r the Year Ending December s

. i
ABSTRACT or STATEMENT 35..
81 the Year Ending December 81.
A. q. 1911. 5ss
OF the condition of affairs Of the Mutual
Rcneflt Life Insurance Co. Of Newark.
State of New Jersey, made to the Conn
missioner of Insurance Of the State Of
North Dakota, In pursuance of the laws
of said state.
President t-Frederlck Frelinghuysen.
Secrtary--J. VIM. Johnson.
Vice President Edward f. Rhodes, Vice
Pres't and Mathematician Edward L. Dob
bins
Principal Ofice-75O Broad ST., Newark.
Attorney for Service Of Process in the
State of North Dakota:
Name, Commissioner OF Insurance.; loca.
don. bismarck, n. u.
Organized or Incorporated January 31st.s
1915.
Commenced business April, 1S45.
Value of Real Estate owned
by Company. ..............$ 2,S77, ,S19O3
I.onns secured by Deeds Of
Trust or Mortgages on Real
Loans % secured by coiatera1s. 225S,ScSoo
Premium Notes and I.oans... 5,S62, O0
United States Stocks and
State. City. County and other
Railroad Bonds ............. "a, 445, $50 50
Loans on Policies in fOrrc... 1886, 15l. ~
Cash on hand and In Bank.... 1.452, SOi -
Interest due and accrued. *. 2,9S9, ,62O.2f
Agents Balances. 14,O1j.52
Net amount of Deferred and
outstanding PremiumS.. 1,S43,OO1 III
1871, ,3o4 .o5
Agent debit bal
balances ......$ 1S,9G.46
Total Unadmtted Assets.. 1s.997. .48
Total Assets s....... $147 a}2 :3O7 10
LIABILITIES
Matured Endow
mentS due and
unpaid .....;.$ 44.?sG0o
Policy claims in
process of ad
jnStment, or
adjusted and
not due.... 191.S73Go
Claims for death
losses. no
proofs received
estimated 4OO,O0O.O0
Policy claims re-
sisted by the
company 21,OOO,OO
Total Policy claims. .......S 657 S59.G3
Net present value of all out
standing policics-American
BIZ per cent, American 3
per cent and McClntock ;
per cent. t................... !. 1873, ,:o4 43G 90
Dividends due and unpaid... 441324.335
Taxes hereafter payable on
the business of the year $4,000 90
Present value of amounts not
vet due on supplementary
contracts not involving life
contingencies ............. 1.s333s 775.15
Dividends payable in 1912... a723 2O6. o1
Contingency Reserve Funds
Suspended Mortality Fund.
S2.G4i. i.12s.OO: Divi dend
Equalization Fund $S4S.-
sO7,47: Security Fluctuation
and Real Estate Deprecia-
tion Fund, So. .S15 3OS .M'. 63OS, ,243. 20
Amount of all other Liabilities 2e7, ,4e2 So
Total Liabilities .S147. o922 3O7. 40
New Premiums $ 3,os4. .1as.ss
miunls 1900. 17.sso,145.1a
Total ....... $50, 923s o7o.o1
Total Premium Income s oo!l23 pa. OF
Interest and dividends rcceiv-
ed ................... G2G6 3aG. .:26
Rents received 9I,749.44
Consideration for supplement-
airy contracts not Involving
life contingencies. ........ 41s.74ao7
Income from all other sources 1GO,1S1.J9
ENP'EiNniiiTU;RREss '''''-''0'
Paid for Losses and Addi-
Paid for Maturcd Endow. dow. '''''''''''''
mcnts and Additions. 500. 1.4sO n37. CT
Paid to Annntan1S. ......... 165.OAi.33
Paid for surrendered Policies 2S5942911
Cash surrendered values ap-
Piled in payment Of Pre-
Dividends paid to Polcyhold-
crs :.:.............. 3,2o5, ,G5s.0a
Paid for claims on Supple
mentary contracts not in
volving life contingencies. 21OS4S 90
Cash paid during the year for
Commissions and Salaries o72S O21 80
Rents paid during the year. Go.S12l4
IaNcs paid during the year. j3S, ,3SO.24
Cash paid for Advertising
Printing and Postage 1Ni11o94
Cash paid for committing com-
missions. so: rpa! estnte OK
penscs. S'1.no1 O4: legal ex-
,penses. s5G.o14G CA .......... 919G5. .0s
Mortgage Loan expenses. $40
Io1 -: medical expenses.
S1G1 232.Gs: miscellaneous
Office expenses. $50. 1SA.37 25oooO1o
Amount of all other cash OK.
r"nditnres. expense nr OK
animation hy Now Jersey
Insurance Department 80. L.. 5.4Go. .oo5
froht ANA Loss. ............ 271.91O.7O
Total Expenditures. s. Is. COS 5:4. SO
MIsCELLANEoUs '>'''''''
Paid for business issued i'm
North Dakota during the
year GA DnlcieSl. ........$ 1o5 &C., 90
Tota! Premiums received ,l,1:.-
ing the year in North d.
~ 80 .............. :O337j CT
STATE OF NORTH DAF-OTA,
Offc" of Commissioner Of Insurance.
l. W. C. Taylor. Commissioner of Insur-
ance of tine State Of North Dakota, do
hereby certify that the foregoing is true
abstract OF tho original statement now on
file in this Office
In testimony whereof. have hereunto
set my hand and affixed the seal of this
ottlce Mt bismarck the 1st day of April.
A. D. 1912.
(SEAL) w. C. TAYLOR
Commissioner Of Insurance.
STATE OF NORTH DAKOTA.
Office Of Commissioner of Insurance
COMPANY'S CERTIFICATE or AL.
THORITY
Whereas The Mutual Benefit Life Iusur.
nnce Company. corporation organized nm.
der the laws Of New Jersey. has ;i,ed
IN this Office sworn statement cy.
hibiting its conditions and business for
the year ending December 81, 1911, con-