The Devils Lake world and inter-ocean. (Devils Lake, N.D.) 1915-1920, 1915-05-27
TTT NO. 81. *u~s'
ABSTRACT OF STATEMENT

T- NO. 81. ~u~g
ABSTRACT OF STATEMENT
For the Year Ending December 81.
A. D. 1914,
the condition and affairs Of the New
terk Life Insurance Co. Of New York, or
Lew York, made to the commissioner of
ksurance Of the state of North Dakota,
- Pursnanes Of the laws Of said state.
Eresident-Darwin p. Kingsley.
Rufus ". Weeks. ~
P Fsff1etipsYY-e ofSes%54a N. R Bo1lsEa; Nav
Attorney for service of process in the
state Of North Dakota:
Name, Commissions Of insurance.; loca-
don, Bismarck, N. D.
Organized Or Incorporated 1s41.
commenced business 1S45.
ASSETS.
Value Of real estate owned by
Loans p1 Secured BY deeds Of s'sz0'n4z'o'
trust or mortgages on real
Lean. secured by coliaterais: l'0' 15e'ooo.oo
tts s%' and Pi ssae sn deans loans: :as5, s si5, 79s:s4
@ e.: !: e.; g.: ~ ~; ;i :i: ;;;;i:s = s: g & ::}E5:E;
Net amount Of deferred and
outstanding premiums 49,. 1881, 4sG.79
BILLS receivable, 81, 4 so;
branch office debit balances,
4 4s;1; n sst' 81 sies s ssfa.si ss2, els.. 900. ae7 At
Vnadmitted assets
pills receivable -............. 1,649.5O
Book value of ledger assets
over market value, viz. on
bonds and stocks :........ 2e, ee3, o51.47
Branch Office debit balances. 681,234.7S
Total unadmitted assets. i. .s27, 525, es5.7o
Total admitted assets 80. $500, 935, 395.6 81
LIABILITIES.
Policy claims In process of
Policy claims which have been
reported and no proofs re-
Claims for total and perna. ~'o00'0''''0
nent disability benefits 80. 15,355.O OF
company, s4 1861 &c. 1a ~ i re
serve for net death losses
inquired but unreported ST.
100000 1918, eeo.1
Total policy claims .......$ 6,752, AS. s.
Net present value Of all out
standing policies ......... .651, $3.50, 465. 90
Dividends due and unpaid.... 1,114,343. "a
Dividends left with the COM
pany to accumulate Mt in
tcrest and accrued Interest
Dividends apportioned payable 7
to policy. holders during
Premiums paid in advance in '''i'f'A'''00
Guiding surrender values SO
Amounts set apart, apportlon-
ed. Professionally ascertain
ed. calculated, declared or
held awaiting apportlon-
ment upon deferred divi-
dend policies ............. 8 $4,000, 1O4.OO
Reserve, special or surplus
funds not otherwise includ-
ed In liabilities:
8ecurity fuctuation and gen.
eral contingency fund, Sill
1871 ,135.25; annual dividend
equalization funds, $1,623,-
Reserve for future expenses
on paldup annual dividend
Am re Q Of all other liabilities 10, 81 S71,9 1910
Total liabilities ..........$ 790, 935 ,395.61
INCOME.
New premiums, Including pre-
NUNS for disability bene-
, pd fits SS2' 9 92o9 ;nc;nd;ns SILL 6e' 2o9'29
benefits (s125,s10 .......... 79,2s7. 1908
Total 500, $50, oso.ss
Insurance .............. &c. 61.s9
Apltl plCul1ulu . t.''D
Interest received ............ 34,245,43O.05
Rents received .............. 693,?69.50
Income from all other sources S59,997.1O
Total income s12e, 2ee, STAG
EXPENDITURES.
Paid for losses and additionss26, 23o, 2Gs.21
Paid for mntured endow-
ments and additions ....... ~, 101, 694.33
For total and permanent dis
ability claims .............. 3h,4SS.oD
Paid to annuitants ......... 1,5O7,S 70.02
Paid government Of Italy on
account Of policies transfer
red to government ......... 7.93G.26
Paid for surrendered policies: 1885, SS.21
Cash surrender values applied
in payment Of renewal pre-
Premiums waived on account
of total and permanent dis
Dividends paid to policyhold. '''
ers ....................... II, 100, a2o.34
mentary contracts not in
volving life contingencies. 317, 172.2G
Expense Of investigation and
inei"dins s4S ] SIS for legal
Cash apI paid during the year for '''
commissions, salaries and
branch Office expenses ..... 10, lis, $751; So
tracts 7o7,9 1918
Rents paid during the year.. SIS, 615. 16
Taxes. licenses and fees paid
during the year ............ 1,3O9, 40
Cash paid for advertising.... 81, O7O.92
Medical examiners fees, $780,
sol. DOL is ........."..... 44o,a34.17
Of ledger assets .......... e21, $500
Gross decrease in book value
Of ledger assets ........... 1,704, $685. g
Doubtful debts marked off,. 7.946.66
All other expenditures ....... 1873, 694.3
Total expenditures ...... $50, 27s, ese.ss
NORTH DAKOTA BUSINESS.
Whole number of policies
written in North Dakota
during the year $40.
Total risks taken during the
year In North Dakota ......S 1,541, $4,000
Total premiums received dur