Report Volume 36, No. 2. Iowa Insurance Dept
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Author: Iowa Insurance Dept
Page Count: 182 pages
Published Date: 20 May 2012
Publisher: Rarebooksclub.com
Publication Country: Miami Fl, United States
Language: English
ISBN: 9781236273710
File size: 48 Mb
Download Link: Report Volume 36, No. 2
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1905 Excerpt: ...It is used to protect mortuary fund, death losses being paid from it whenever there is a deficiency in the mortuary fund, or when it equals two assessments on the membership. What was the expected mortality, during the past year, on mean and amount of In surance in force, according to the actuaries' table of mortality? Answer--Not computed. Are the officers and directors elected by the members? Answer--Directors are. If not, how are they selected? Answer--Offloers by directors. Are notices of election sent to members? Answer--Yes. When and how? Answer--By mail with every assessment notice. Are proxies contained in applications? Answer--No. Are there any members or persons having any proprietary or preferred interest in the association; or receiving any part of the expense fund as consideration for money advanced or for guarantee of payment of expenses? Answer--No, except 20 per cent of expense income is set apart to discharge indebtedness for expense fund. Is a medical examination required before issuing a policy or certificate to applicants? Answer--Yes. Are policies or certificates Issued, or assignments allowed, to persons other than the families, heirs, relatives and dependants, or actual creditors of the members? Answer--No. Has the society paid all its death claims In full, and has it the ability to pay its outstanding claims in full? Answer--Yes. What Is the aggregate amount of an assessment or periodical call upon all the policy holders or members of the corporation or association? Answer--$6,611.52. Has the association during the year levied extra assessments on policies and how much? Answer--No. Or increased the basis or rate of assessment to advanced ages when such right is retained? Answer--No. Or increased the ratio or number of assessments, th...
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