Life Insurance Companies.
profits, and also the net liabilities and assets of the company, with the amount of surplus or deficiency. (These returns should be made in the forms annexed.)
8. The time during which a policy must be in force, in order to entitle it to share in the profits.
9. The results of the valuation, showing-
(a) the total amount of profit made by the company; (b) the amount of profit divided among the policy holders, and the number and amount of the policies which participated; (c) the amount of profit brought forward from the previous valuation, the profits allotted to whole life assurances and endowment assurances respectively, and also the profits divided amongst the shareholders;
(d) specimens of bonuses allotted to policies for 1,000 dollars effected at the respective ages of 20, 30, 40 and 50, and having been respectively in force for 5 years, 10 years, and upwards at intervals of 5 years respectively, together with the amounts apportioned under the various modes in which the bonus might be received.
[CAP. 36
(Form referred to under heading 6 in the Fifth Schedule.)
Consolidated revenue account of the
for
commencing
and ending
$ c.
Claims - > the beginning years, Amount of funds on 19 of Premiums (after deduction of reassurance premiums) Consideration for annuities granted Interest and dividends Other receipts (accounts to be specified) under policies (after deduction of sums reassured) Surrenders Annuities Commission Expenses of management Dividends and bonuses to shareholders Other payments (accounts to be specified) Amount of funds on 19 the end of the period, as per First (or Third) Schedule $ 303 $ c.