1950_LIFE_INSURANCE_COMPANIES_ORDINANCE — Page 17

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 deduc-

tion of reassurance pre- miums) 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.

}