Author : North Dakota. Dept. Of Insurance
Release : 2013-09
Genre :
Kind : eBook
Book Rating : 039/5 ( reviews)

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Book Synopsis Annual Insurance Report of the Biennial Period by the Commissioner of Insurance of the State of North Dakota by : North Dakota. Dept. Of Insurance

Download or read book Annual Insurance Report of the Biennial Period by the Commissioner of Insurance of the State of North Dakota written by North Dakota. Dept. Of Insurance. This book was released on 2013-09. Available in PDF, EPUB and Kindle. Book excerpt: This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1904 edition. Excerpt: ... $129,479.39; de-postied in banks (not on interest), $4, -264,944.46 4,394,423.85 Total ledger assets, as per balance.. $344,298,648.59 NON-LEDGER ASSETS. Interest due, $28,319.30, and accrued, $146,699.69, on mortgages $ 175,018.99 Interest accrued on bonds 1,714,342.83 Interest accrued on collateral loans 66,166.66 Interest accrued on premium notes, policy loans or liens 163,990.00 Interest accrued on other assets 30,654.00 Rents due, $18,370.07, and accrued, $17, 129.45, on company.s property or lease.. 35,499.52 Total interest and rents due or ac-crued 2,185,672.00 New Business. Renewals. Gross premiums due and unreported on policies in force December 31. 1903 $ $ 3,308,322.39 Gross deferred premiums on policies in force December 31, 1903 691,750.00 3,958,285.00 Totals $ 691,750.00 $ 7,266,607.39 Deduct loading, 22y2 per cent 155,643.75 1,634,986.66 Net amount of uncol-lected and deferred premiums $ 536,106.25 $ 5,631,620.73 6,167,726.93 V. LIABILITIES. Net present value of all the outstanding policies paid for, in force on the 31st day of December, 1903, as computed by the insurance department of the state of New York on the Actuaries' and American tables of mortality, with 3 and 4 per cent interest, as follows: Policies known as the company's 3 per cent policies, and all policies issued since December 31, 1900, being valued as per the American Ex-perience Table of Mortality with 3 per cent interest, and all other policies being valued as per the Combined Experience Table of Mortality with 4 per cent inter-est $281,227,489.00 Same for reversionary additions 3,374,092.00 Same for annuities (including those in re-duction of premiums) 15,760,186.00 Total $300,361,767.00 Deduct net value of risks of this company reinsured in other solvent...