Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1913-08-29

ward from the hrst valuation hereunder against any
member FIR any pas share Of losses exceeding the
contributions and credit
share Of losses fer any exceeds his credit IN
Guiding the contribution for the year the eonribu
ton shall be increased his share Of the losses
lei Any such excess share Of losses chargeable to
any member may be paid out Of fund or contrlou-
Hons especially created or required for sueh pur-
t2l Any member may transfer to any plan adopted
~ the society with net rates on which tabular re-
series are maintained and such transfer shall be
entitled 10 make such Application OF his cedlt as
provided in the laws Of the society.
go Certificates Issued. rcrated or readjusted on a
basis providing fer adequate rates with adequate
reserves 10 such certificates upon assumptions
fer mortality and interest recognized by The law 81
this state shall be valued such basis herein desg-
mated the Tabular BASIS provided tia If on the
first valuation under this section a deficiency IN
reserve shall be shown FOR any such certificate the
anne shall be valued the accumulation basis
ca ta) Whenever In any society having members
UPON the tabular basis and upon the accumulation
asls the total Of al Of insurance provided for
my year shall be nSufiiient to meet the actual death
aud disability losses for the gear the deficiency Shall
met for the from the available funds after
citing aside all credits In the reserve or from IN
Teased rbutions by Increase In the number
II assessments. apple to the society as whole or
10 classes of members. as may be specified IN us
laws
% Savings from lower amount of death losses
may be returned In like manner as may be specinea
In its laws.
81 II the laws of the society provide the assets
representing the reserves Of any separate class o.
members be carried separately lOI buth Nieoo
as If In an independent socley and the required
reserve accumulation of such class set apart sha
not thereafter be mingled with the assets OF other
classes Of the society.
80 table showing the credits to individual
members for each age year Of entry and showing
opposite each credit he tabular reserve required on
the whole life other plan OF insurance specified In
the contract. according 10 assumptions Tor mortany
and Interest recognized by the laws Of this state and
adopted by the society sha be filed by he society
with each annual report and also be furnished 10
each member before July LIST Of each year.
"a In lieu Of the aforesaid statement there may
re furnished TO each member within the same time
statement giving the credit for such member and
giving the tabular and level rate required for
transfer carrying the plan Of insurance specified
IN the contract No table or statement need be made
r furnished where the are maintained on the
tabular basis.
49, Fer this purpose individual bookkeeping ae-
counts for each member shall net be required and all
calculations may be made by actuarial methods
(g} Nothing herein contained shall ta) prevent the
maintenance Of such surplus ogcr and above the
credits the accumulation basis and the reserves on
the tabular basis the society may provide by or
pursuan. to its laws; 10 be construed as giving
the indifidua member any right or claim Il any
such credit other Than IN Mariner rs ex-
pressed IN the contract and It's laws; (c) nor as
making any such credits liability IN de-
tcrninlng the legal solveney Of the society.
Section 2 This act shall lake eject and be IN
force from and after its passage ant publication.
Approved May -, 1913.