No. 11 of 1907.
LIFE INSURANCE COMPANIES.
FIFTH SCHEDULE.
STATEMENT respecting THE VALUATION OF THE LIABILITIES UNDER LIFE POLICIES AND ANNUITIES OF THE
TO BE MADE BY THE ACTUARY.
(The answers should be numbered to accord with the numbers of the corresponding questions.)
1. The date up to which the valuation is made,
2. The principles upon which the valuation and distribution of profits among the policy holders are made, and whether these principles were determined by the instrument constituting the company, or by its regulations or by-laws, or otherwise.
3. The table or tables of mortality used in the valuation.
4. The rate or rates of interest assumed in the calculations.
5. The proportion of the annual premium income reserved as a provision for future expenses and profit. (If none, state how this provision is made.)
6. The consolidated revenue account since the last valuation, or, in case of a company which has made no valuation, since the commencement of the business. (This return should be made in the form annexed.)
7. The liabilities of the company under life policies and annuities at the date of the valuation, showing the number of policies, the amount assured, and the amount of premiums payable annually under each class of policies, both with and without participation in 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-
(1) The total amount of profit made by the company.
(2) The amount of profit divided among the policy holders, and the number and amount of the policies which participated.
(3) 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.
(4) 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.
* As amended by No. 8 of 1909 and No. 12 of 1912.
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1718
No. 11 of 1907.
*
LIFE INSURANCE COMPANIES.
FIFTH SCHEDULE.
STATEMENT respecting THE VALUATION OF THE LIABILITIES UNDER
LIFE POLICIES AND ANNUITIES OF THE
TO BE MADE BY THE ACTUARY.
(The answers should be numbered to accord with the numbers of the corresponding questions.)
1. The date up to which the valuation is made,
2. The principles upon which the valuation and distribution of profits among the policy holders are made, and whether these principles were determined by the instrument constituting the company, or by its re- gulations or by-laws, or otherwise.
3. The table or tables of mortality used in the valuation.
4. The rate or rates of interest assumed in the calculations.
5. The proportion of the annual premium income reserved as a provision for future expenses and profit. (If none, state how this provision is made.)
6. The consolidated revenue account since the last valuation, or, in case of a company which has made no valuation, since the commence- ment of the business. (This return should be made in the form annexed.)
7. The liabilities of the company under life policies and annuities at the date of the valuation, showing the number of policies, the amount assured, and the amount of premiums payable annually under each class of policies, both with and without participation in 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-
(1) The total amount of profit made by the company.
(2) The amount of profit divided among the policy holders, and the number and amount of the policies which participated.
(3) The amount of profit brought forward from the previous valua- tion, the profits allotted to whole life assurances and endowment assurances respectively, and also the profits divided amongst the share holders.
(4) 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.
* As amended by No. 8 of 1909 and No. 12 of 1912.
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