Life Insurance Companies.
Companies
"Extra premium" in the Life Insurance Ordinance, (Chapter 36 of the Revised Edition), shall be taken to mean the charge for any risk not provided for in the minimum contract premium.
Separate schedules similar in form to the above must be furnished in respect of policies valued by different mortality tables, or at different rates of interest.
(Form referred to under heading 7 in the Fifth Schedule.)
Valuation balance sheet of
Dr.
To net liability under assurance and annuity transactions (as per summary statement provided in Fifth Schedule) To surplus
Cr.
as at 19
By life assurance and annuity funds (as per balance sheet under Second Schedule or Fourth Schedule) By deficiency
SIXTH SCHEDULE.
[s. 13.]
STATEMENT OF THE LIFE ASSURANCE AND ANNUITY BUSINESS OF THE
ON → THE 19+
(The answers should be numbered to accord with the numbers of the corresponding questions. Statements of reassurances, corresponding to the statements in respect of assurances under headings 2, 4, 6, 7 and 8 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 and the office rates of premium for endowment assurances published and in force at the date of the valuation.
2. The total amount assured on lives for the whole term of life with uniform premiums throughout life or for whole term of life with limited premiums which are in existence at the date above mentioned, distinguishing the portions assured with and without profits, stating separately the total reversionary bonuses, and specifying the sums assured for each year of life from the youngest to the oldest ages.
3. A separate statement is to be given of premiums payable for a limited number of years classified according to the number of years' payment to be made.
4. The amount of premiums receivable annually for each year of life, after deducting the abatements made by the application of bonuses in respect of the respective assurances mentioned under heading 2, distinguishing ordinary from extra premiums.
305
[CAP. 36]