904
THE HONGKONG GOVERNMENT GAZETTE, JULY 19, 1907.
(Form referred to under heading No. 7 in Fifth Schedule.)
Valuation Balance Sheet of
us at
19 }
Dr.
Cr.
To net liability under Assur- ance and Annuity trans- actions (as per summary statement provided in Sche- dule 5)
To surplus (if any)
By Life Assurance and An- nuity Funds (as per balance sheet under Sche- dule 2 or 4)..
By deficiency (if any)
SIXTH SCHEDULE.
STATEMENT OF THE LIFE ASSURANCE AND ANNUITY BUSINESS OF THE
ON
THE
19
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(The answers should be numbered to acgord with the numbers of the correspond- ing questions. Statements of reassurances, corresponding to the statements in respect of assurances un ler headings 2, 4, 3, and 6, are to be given)
1. The published table or tables of premiums for assurances for the whole term of life which are in use at the date above mentioned.
2. The total amount assured on lives for the whole term of life which are in existence at the date above mentioned, distinguishing the portions assured with and without profits, stating separately the total reversionary bounses, and specify- ing the sums assured for each year of life from the youngest to the oldest ages.
3. The amount of premiums receivable annually for each year of life, after deducting the abatements made by the application of houses in respect of the respective assurances mentioned under heading No. 2, distinguishing ordinary rom extra premiums.
4. The total amount assured under classes of assurance business other than for the whole term of life, distinguishing the sums assured under cach class, and stating separately the amount assured with and without profits, and the total amount of reversionary bonuses,
3. The amount of premiums receivable annually in respect of cach such special class of assurances mentioned under heading No. 4, distinguishing ordinary from extra premiums.
6. The total amount of premiums which has been received from the com- mencement upon all policies under each special class mentioned under heading No. 4, which are in force at the date above mentioned.
7. The total amount of immediate anuities ou lives, distinguishing the amounts for each year of life.
8. The amount of all unifies other than those specified under heading No. 7 distinguishing the amount of ammities payable under each class, the amount of premiuos annually receivabic, and the amount of consideration money receivable in respect of each such class, and the total amount of premiums received from the commencement upon all deferred annuities.
9. The average rate of interest at which the Life Assurance Fund of the Company was invested at the close of each year during the period since the last investigation.
10. A table of minimum values, if any, allowed for the surrender of policies for the whole term of life, and for endowments and endowment assurances, or a statement of the method pursued in calculating such surrender values, with instances of its application to policies of different standing and taken out at various interval agis, from the youngest to the oldest.
Separate statements to be furnished for business at other than European rates, together with a statement as to the manner in which policies on nahealthy lives are dealt with.
Objects and Reasons.
The object of this Bill is to secure the solvency and permanency of companies carrying on the business of Life Insurance in the Colony as is done in England by the Life Assurance Acts.
Fire Insurance Companies are to obtain from the Publie Trustee a certificate authorising the carrying on of business. Companies registered in the Colony under the Companies Ordinance 1865 which carry on the business of Life or Fire Insurance in China without having complied with the pro- visions of this Bill may be struck off the Register.