Valuation and Readjustment of Assessment Life Companies and Fraternal SocietiesUniversity Companyöperative Company, 1913 - 91 σελίδες |
Άλλες εκδόσεις - Προβολή όλων
Συχνά εμφανιζόμενοι όροι και φράσεις
15.00 Reserve end 7th yr 8th yr accumulation formula actuary Add prem adverse selection Age Ux k Age Ux k₁ amend AMERICAN 42 amount annual applied apportion apportionment articles of incorporation assets beneficiary benefit certificate benefits promised ciety computation constitution and laws corresponding officer CUNKI David Parks death benefits deficit disability benefits domestic society Elizur Wright Emory McClintock equitable examination expenses filed foreign society Fraternal Benefit Society FRATERNAL SOCIETIES funds furnish give hundred dollars INSTITUTE OF ACTUARIES justment Knights of Pythias less liability license membership ment merger or transfer Mobile bill mortality and interest mortality experience National Fraternal Congress ONNXX organized payment person PLEC PLECP premium rate premiums paid prospective valuation purpose Section share of losses solvency statement Superintendent of Insurance Table of Mortality tabular basis tendent of Insurance thereof tion Ux k₁ 20 Ux kx vided voluntary association Wisconsin
Δημοφιλή αποσπάσματα
Σελίδα 38 - Deferred payments or installments of claims shall be considered as fixed liabilities on the happening of the contingency upon which such payments or installments are thereafter to be paid. Such liability shall be the present value of such future payments or installments upon the rate of interest and mortality assumed by the society for valuation, and every society shall maintain a fund sufficient to meet such liability regardless of proposed future collections to meet any such liabilities.
Σελίδα 51 - ... and carrying the balance, if any, to his credit. The charge for the cost of insurance may be according to the actual experience of the society applied to a table of mortality recognized by the law of this State, and shall take into consideration the amount at risk during each year, which shall be the amount payable at death less the credit to the member.
Σελίδα 45 - Insurance, shall be deemed sufficient evidence thereof and shall be admitted in evidence with the same force and effect as the original thereof might be admitted.
Σελίδα 54 - ... of the society. He may, in his discretion, accept in lieu of such examination the examination of the Insurance Department of the State, territory, district, province or country where such society is organized. The...
Σελίδα 47 - Such report of valution shall show, as contingent liabilities, the present mid-year value of the promised benefits provided in the constitution and laws of such society under certificates then subject to valuation; and, as contingent assets, the present mid-year value of the future net contributions provided in the constitution and laws as the same are in practice actually collected. At the option of any society...
Σελίδα 38 - The proposed corporate name of the society, which shall not so closely resemble the name of any society or insurance company already transacting business in this State as to mislead the public or to lead to confusion.
Σελίδα 35 - ... contained shall be so construed as to prevent the issuing of benefit certificates for a term of years less than the whole of life which are payable upon the death or disability of the member occurring within the term for which the benefit certificate may be issued.
Σελίδα 56 - State which provides death benefits not exceeding five hundred dollars to any one person, or disability benefits not exceeding three hundred dollars in any one year to any one person...
Σελίδα 47 - December next preceding, and of its transactions for the year ending on that date, and also shall furnish such other information as the Commissioner may deem necessary to a proper exhibit of its business and plan of working.
Σελίδα 44 - Commissioner as hereinafter provided; a statement of its business under oath of its president and secretary, or corresponding officers, in the form required by the Commissioner, duly verified...