Montgomery Secretary of State....

Insurance Commissioner.... Jan., 1905
Insurance Commissioner..
Territorial Auditor....
Superintendent of Insurance Jan., 1905
Insurance Commissioner... Jan., 1905
Commissioner of Insurance. Jan., 1905
Superintendent of Insurance Jan., 1906
Sec. and Ins. Commissioner Jan., 1905

Secretary of State.......

Harrisburg.. Insurance Commissioner...
San Juan....

Providence.. Insurance Commissioner.... Jan., 1905
Columbia.... Comp. General of State.... Jan., 1905

Insurance Commissioner.... Jan., 1905 Nashville.... Commissioner of Insurance. Jan., 1905 Insurance Commissioner.... Jan., 1905

INSURANCE IN CANADA.

WHAT IS REQUIRED OF COMPANIES DOING BUSINESS IN THE DOMINION.

THE several acts passed by the Canadian Parliament relating to insurance in the Dominion were amended and consoli-
dated by a general statute, passed during the session of 1886, which, together with amendments made in 1894, 1895 and 1899,
contains all the existing provisions for the regulation and supervision of insurance companies carrying on business in Canada.
Under this act no company can do business in the Dominion without obtaining a license from the Minister of Finance, or being
registered in the office of the Superintendent of Insurance. In order to obtain such a license every company must deposit with
the Receiver General as follows:

Canadian Fire and Inland Marine Companies..
Foreign Fire and Inland Marine Companies.
Canadian Fire Companies.

Foreign Fire Companies..

Canadian Inland Marine Companies..
Foreign Inland Marine Companies...
Life Insurance Companies, both Canadian and Foreign.
Assessment Life Companies, both Canadian and Foreign..

$50,000

100,000
50,000

50,000

It is provided, however, that in case of any such company incorporated elsewhere than within Canada when its liabil-
ities to policyholders in Canada, including the full reserve or reinsurance value of all its Canadian policies, exceed its assets in
Canada, then the company will be required to make good the deficit by adding to its deposits with the Receiver General, or by
creating a special trust in the hands of two or more persons resident in Canada.

Companies doing ocean marine business exclusively are not subject to the act.

Companies other than life, fire or marine, in order to do business in Canada are required to obtain a license from the
Minister of Finance, and the Treasury Board must in each case decide what shall be the amount of deposit.

Every company is required to file in the office of the Minister of Finance, annually at the beginning of each year, a
sworn statement of its condition and affairs.

The policy liabilities of life insurance companies doing business in Canada, under policies issued previous to January
1, 1900, are to be valued according to the Tables of Mortality of the Institute of Actuaries, at 41 per cent interest, until January
I, 1910. From January 1, 1910, to January 1, 1915, these policies are to be valued by the same tables of Mortality, at 4 per
cent interest; and after January 1, 1915, by the same tables, with interest at 3 per cent. All policies issued on or after January
1, 1900, are to be valued according to the Tables of Mortality of the Institute of Actuaries, with interest at 3 per cent.

Toward defraying the expenses of the office of the Superintendent of Insurance, a sum. which from fire and marine
companies must not exceed eight thousand dollars, shall be annually contributed by the companies, which sum shall be assessed
pro rata upon the gross premiums received by each during the preceding year, such sum to be paid upon the issue of the an-
nual license.

Hon. M. F. Hackett, Pres.; John J. 1901
Behan, Sec.

None. None. 106,797

44,118

211,421

1896

1895

None. None. 81,274
None. None.

1,784 213,205 189,000 8,916 None. 197,916

39,146

186,503

71,051 26,698

167.545

3,097 189,600 168,150 1,480 168,025 148.308

16,349

None. 184,499

12,272

None. 160,580

1894

None.

None.

72,851

25,132

132,215

1,264 133.479 118,800

None. 15,895

134,695

DOMINION LIFE, Waterloo, Ont..

1903

400,000 100,000

Christian Kumpf, Pres.; Thos. Hill- 1902 iard, Man. Dir.

1901 400,000 1900

EXCELSIOR LIFE, Toronto.

FEDERAL, Hamilton......

David Dexter, Pres. and Man. Dir.

1898

1897

700,000

91,000

1896

700,000

81,297

847,547
685.309
62,237 149,259 34,181 183,440
400,000 100,000 705,517 567,547 37,970 142,559
100,000 615,691 484.575 31,116 120,995
400,000 100,000 539,266 403,414 35,853
109,881
1889
257,600 64,400 416,897 331,287 21,210
198 257,600 64,400 344,158
1897
257,600
1896
261,600
1895 261,600
1894 261,000
1903 350,900 52,635 673,026
612.545
David Fasken, Pres.; Edwin Marshall, 1902 350,900 52,635 566,205 507,924
1901 350,900 52,635
Sec.
477.303 411,712
1900 350,900 52.635 400,344
1899 350,900 52,635 328,206
1898 350.900 52,635 282,623
1897
350,900 52,539 250,114
1903 1,000,000 130,000 1,893,961 1,711,200
1902 1,000,000 130,000 1,642,017 1,474.370
1901 1,000,000 130,000 1,455,131 1,296,055
1900 1,000,000 122,285 1,271,341 1,123.738
1899 700,000 91,000 1,060,661 955.861
700,000
91,000 856,283 757-399
722.448 618,481
607.713 517,878

26,475

44,442

8,000

78,917

29,522 172,081 35,814 24,391 145,385

44.346

7,000

87,160

39,295 149,176

100,014

17,279

117,293

33,323 40,033 5.754
19.367 36,850
15.656 34,687

79,110

255.165 24.592

78,041

14,187

92,227

14,209

3,804 60,081
3.864
24.765 3,220

54,207

42,194

64,400 292,610 210.932
64,400 245,691
64,400 206.474 130,055
64,400 169,042

17,278

70,863

11,344

82,207

12,695 22,062

3,220

37.977

169,143

12.143

65.565

9.960 75,525

14,463

23,064

3.220

40,747

12,019

53,395

7,442

60,837

4.936

18,790

2,576

26,302

95,460

9,182 44.596

6,778 51,374

3,534

17,278

1,932

22.744

+ The actual general expenses, including taxes, amounted to $541,543.83, the balance, $101,908, being for conversion of pensions into annuities.

BUSINESS AND STANDING OF CANADIAN LIFE COMPANIES-Continued.