Page images
PDF
EPUB
[blocks in formation]

Jan., 1907

Alabama...
Alaska....
Arizona
Arkansas.
California

Jan., 1905

Jan., 1905

Colorado...
Connecticut
Delaware....
District of Columbia..

June, 1904

Jan., 1905

Florida.
Georgia.
Hawaii
Idaho....
Illinois..
Indiana..
lowa...
Kansas..
Kentucky.
Louisiana.
Maine...
Maryland
Massachusetts
Michigan.....!
Minnesota.
Mississippi.
Missouri
Montana
Nebraska..
Nevada.
New Hampshire..
New Jersey..
New Mexico...
New York...
North Carolina.
North Dakota.
Ohio....
Oklahoma.
Oregon
Pennsylvania..
Porto Rico.
Rhode Island.
South Carolina.
South Dakota
Tennessee
Texas..
United States.
Utah...
Vermont.
Virginia.
Washington.
West Virginia.
Wisconsin..
Wyoming..

E. R. McDavid. Montgomery Secretary of State.....
William L. Distin.. Sicka.. Surveyor-General..

Phenix.. Secretary of Territory..
T. C. Monroe. Little Rock.. Aud. of State & Ins. Com.. Jan., 1905
E. Myron Wolf.... San Fran'co. Insurance Commissioner
F. S. Tesch... Denver... Deputy Supt. of Insurance.. Jan., 1905
Theron Upson.. Hartford Insurance Commissioner.... Jan., 1905
Geo. W. Marshall.. Milford Insurance Commissioner.... Jan., 1905
Thos. E. Drake.... Washington. Superintendent of Insurance
Wm. V. Knott. Tallahassee.. State Treasurer.........

Apr., 1905
W. A. Wright.. Atlanta, Insurance Commissioner...
A. N. Kepoikai Honolulu... Insurance Commissioner.

Feb., 1906
John H. Myers..

Boise City.. Insurance Commissioner... Jan., 1905
W. R. Vredenburgh Springfield.. Superintendent of Insurance Jan., 1905
David E. Sherrick.. Indianapolis. Auditor of State.........
B. F. Carroll...... Des Moines.. Auditor of State..

Jan., 1906
Charles L. Luling.. Topeka. Superintendent of Insurance Jan., 1905
Henry R. Prewiti... Frankfort Insurance Commissioner.... Jan., 1906
E. J. McGivney.... Baton Rouge Asst.-Secretary of State... May, 1906
Stephen W. Carr... Augusta . Insurance Commissioner.... Jan., 1905
Lloyd Wilkinson.... Baltimore Insurance Commissioner.... Jan., 1906
Frederick L. Cutting Boston.... Commissioner of Insurance. Jan., 1905
James V. Barry.. Lansing Commissioner of Insurance. Jan., 1905
E. H. Dearth

St. Paul.. Insurance Commissioner.... Jan., 1905 W.Q. Cole..... Jackson.. Aud. Pub. Act's & Ins. C'r.. Jan., 1906 Robert G. Yates... Jeffers'n City Superintendent of Insurance Jan., 1905 J. H. Calderhead Helena..... State Auditor....

Jan., 1905 Chas. Weston.... Lincoln Auditor of Public Accounts. Jan., 1905 S. P. Davis ..... Carson City. Stare Controller.

Jan., 1905 John C. Lineban... Concord..... Insurance Commissioner.... Jan., 1905 D. O. Watkios..... Trenton. Insurance Commissioner..

Jan., 1905 W. G. Sargent... Santa Fe..... Territorial Auditor....

Jan., 1905 Francis Hendricks.. Albany... Superintendent of Insurance Jan., 1905 James R. Young.... Raleigh... Insurance Commissioner... Jan., 1905 Ferd. Leutz.

Bismarck Commissioner of Insurance. Jan., 1905 Artbur I. Vorys.. Columbus.. Superintendent of Insurance Jan., 1906 Wm. Grimes. Guthrie. Sec. and Ins. Commissioner Jan., 1905 F. I. Dunbar.. Salem

Secretary of State,....

Jan., 1905
I. W. Durham Harrisburg. . Insurance Commissioner.... Jan., 1905
Charles Har ze!l.. San Juan... Secretary...

Jan, 1906
Charles C. Gray.... Providence.. Insurance Commissioner.... Jan., 1905
A. W. Jones.
Columbia.... Comp. General of State..

Jan., 1905
John C. Perkins. Pierre... Insurance Commissioner.... Jan., 1905
Reau E. Folk

Nashville... Commissioner of Insurance. Jan., 1905
W. J. Clay... Austin.... Insurance Commissioner.... Jan., 1905
Geo. B. Cortelyou.. Washington. Sec. Dept. Com'rce & Labor
J. T. Hammond.. Salt Lake C'y Secretary of State..

Jan., 1905
F. G. Fleetwood. Montpelier. Secretary of State.

Oct., 1906
John L. Bacon.. White Riv.Jn State Treasurer..
Morton Marye.. Richmond Auditor of Public Accounts. Dec., 1904
S. H. Nichols... Olympia Sec. of State and Ins. Com.. Jan., 1905
Arnold C. Scherr.. Charleston.. State Auditor....

Jan., 1905
Zeno M. Host.. Madison. Commissioner of Insurance. Jan., 1905
Le Roy Grant... Cheyenne State Auditor...

Jan., 1905

CANADA.

Dominion of Canada...
Providence of Ontario.

Wm. Fitzgerald..... Ottawa.
Dr. J. H. Hunter... Toronto

Superintendent of Insurance
Inspector of Insurance......

100,000

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 consolidated 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.. $50,000 Canadian Inland Marine Companies.

$50,000 Foreign Fire and Inland Marine Companies.

Foreign Inland Marine Companies..

100,000
Canadian Fire Companies.
50,000 Life Insurance Companies, both Canadian and Foreign.

50,000
Foreign Fire Companies...
100,000 Assessment Life Companies, both Canadian and Foreign..

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 47 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 37 per cent. All policies issued on or after January
I, 1900, are to be valued according to the Tables of Mortality of the Institute of Actuaries, with interest at 31 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.

[blocks in formation]
[blocks in formation]

$ $ $ $

$ $ $

$ $ $
CANADA LIFE, Toronto.

1903 1,000,000 1,000,000 (27180,007 25318,640 861,367 2,798,989 1,176.364 3.975,363 1,673,694 856,001
Hon. George A. Cox, Pres.; R. Hills, 1902 1,000,000 981,280 25964,932 24133,214 850,438 2,615 172 1,098,968 3,714,140 1,605.378 697,609
Sec.; E. W. Cox, Gen. Mgr.; F. San. 1901 1,000,000 944,280 24504,790 23156,084 404,426 2,476,251 1,041,366 3.517,617 1,559.943 615,690
derson, Act.

1900 1,000,000 383.900 22643,484 21642,691 616,894 3,055,905 906,426 3.962,331 2,282,841 1613,452
1899 1,000,000 125,000 21364,062 19770,349 1,468.713 2,163,789 844,648 3,008,434 1,321,875

450,666
1898 1,000,000 125,000 20038,817 18095,101 1,818,716 2,167,489 837,810 3,005,299 1.295.370 413.305
1897 1,000,000 125,000 18678,916 16989,834 1,564,082 2,087,994 847.513 2,933,507 1,263, 308 396,248
1896 1,000,000 125,000 17420,526 16238,537 1,161,989 2,025,716 716,196 2,741,912 1.308,141 355,910
1895 1,000,000 125,000 16312,634 15637,837 549,797 2,005,891 714,380 2,721,271 1,524,697 392,262

1894 1,000,000 125,000 15607,723 13182,732 2,299.992 1,920,220 715,425 2,635,645 998,523 356,921
* CATHOLIC Mut. BEN. ASS'N OF CANADA, 1903

None. None. 204.994 39,192

276,029

4,708 280.737

237.700 19,964 Kingston, Ont.

1902 None. Nune.

192,298 52,736 257,0.12 4.989

261,991
209.000

20,495
Hon. M. F. Hackett, Pres.; John J. 1901

None. None.

155,658 29,300

234,618

4.114 238,732 217,033 20,583 Behan, Sec.

1900 None. None. 142,643 23,450

3,087 233,195 192,491 15,647 1899 None. None. 115.341 9,350

193.991 2,651 196.642

171,067 13,752 1898 None. None. 106,797

16,267 223,613 2,321 225.964

198,750 16,841 1897 None. None. 95,966 44,118

211,421 1,784 213.205 189,000 8,916 1896 None. None. 81.274 39,146

186,503 3,097 189,600

168,150 1895 None. 71,051 26,698

167.545

1,480 168,025 148.308 12,272 None. None. 72,851 25,132

132,215 1,264 133,479 118,800 15,895 *COMMERCIAL TRAVELERS MUTUAL Ben- 1903 None. None. 48,646 433

33,986 1,674

22,000 3,677 EFIT SOCIETY, Toronto..

1902
None. None. 38,592 2.360

38,121 1,658 39,779 36,000 3.534
George Anderson, Pres.; Etta M. 1901 None. None. 38,417 7,449

37,544

39,150 35.900 Kowley, Sec.

1900

None. 39,167 5,615

1,610 32.471

27,000 1899 None. None. 37,911 1,033

1.566 29,248 22,000

4,931
1898
None.
None.
35.694
70
24.442 1,643 26,085

23,000 3,923
1897
None.
None. 36,653 3,000

22,651 1,655

22,835 4,273 1896 None. None.

1.742

26,427 21,000 4.992 1895 None. None. 34.440

None.

23,502

1,329

24,831 IO,000 3,873
1894
None. None.
23,541 None.
22,014 1,067 23,081 22,000

3.528
CONFEDERATION, Toronto..

1903 1,000,000 100,000 9,663,854 9,028,470 535.384 1,196,812 398.957 1,595.769 684.376 307,293 Wm. H. Beatty, Pres.; J. K. Macdon

1902 1,000,000 100,000 8,988,986 8,403,125 485,861 1,139.054 378,761 1,517 815 633,163 269,175 ald, Man. Dir.; W. C. Macdonald,

IGOI 1,000,000 100,000 8,372,081 7.838,133 433.948 1,051,319 335,054 1,386,373 588.972 231,871 Act.

1900 1,000,000 100,000 7.799.984 7,249,213 400,771 1,063.749 329,122 1.392,870 703 924 236,544

230, 108

None.
None.
None.
None.

16,349

None.
None.

None.

18:34

35,660

1,606

4.028
4,188

25,677
39.534
39.988
31,188

None.

30,861
27,682

None.
None.
None.
None.
None.
None.
None.
None.
None.
None.

26,931

26 923

28,906

34,818

None

24.685

27,108
25,992
13,873

25.528
15,000 1,006,669
15,000 917.338
15.000 635.843
15,000

955.468

1899 1,000,000 1898 1,000,000 1897 1,000,000 1896 1,000,000 1895 1,000,000 1894 1,000,000

100,000 17.373.142 6,905.270 100,00o 6,825, 117 6.361,140 100,000 6,237.689 5.800,683 100,000 5.779.211 5.307,280 100.000 5.318.867 4.890,185 100,000 + 870,834 4,469,161 167,94+ 304,582 196,977 139,425 218,285 133,063 76,934 109.578

90,226

367,872 1,000,011 363.977 965.626 336,806

931,561
471,931 907.322
328,683 852,874
301,673 807.735

305.596 1.305.607 265,571 1,2 1,197 252,966 1.184.527 225,296 1,132,618 209.768 1,002,642 195.580 1,003,315

523,778 455.974 503.722 451, III 397,074 435,252

226,774 211, 204 206,411 206,685 196,281 200,405

15.000 15.000 15.000 15,000 15,138 15,238 None. None. None.

765,052 682,178 725,133 672,796 608,493 650,895 67.887 66,079 49,023

CONTINENTAL LIFE.

1903 1,000,000 Hon. John Dryden, M.P.P., Pres.: 1902

900,000 Charles H. Fuller, Sec.; Geo. B. 1901 893,000 Woods, Gen. Mgr.

100,174 78,208 53,193

14.698 23,914 8,037

114 872 102,122 61,230

10,793 7.523 3,133

57,095 58,557 45,890

[blocks in formation]

* Registered to do business in Canada upon the assessment p an.

+ 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.

NAME AND LOCATION OF COMPANY, WITH

NAMES OF OFFICERS.

Year.

Capital
Subscrib'd

for.

Capital
Paid

up.

Assets.

Net

Net Liabilities Surplus

Premium

Income, not

over
Including Liabilities including

Consid-
Capital. and

eration for
Capital.

Annuities.

Interest

and
Other
Receipts.

Total
Income.

Paid to

Policy-
holders.

Dividends Total
General
Expenses.

to Stock Expendi-
holders. ture.

$

$
326,767
253.323
244.927
204.921
177.363
132,565
131,254
103,893
91,624
74,007
118,797
117.504
87.675
70,070
37.966

26.727

31,182

$ $ $ $ GREAT West, Winnipeg.

1903 1,000,000 250,000 2,110,755 1,636,792
Alexander Macdonald, Pres.; A. Jar 1902 400,000 100,000 1.536,836 1,310,328
dine, Sec.; J. H. Brock, Man. Dir. 1901 400,000 100,000 1,194.330 1,021,985

1900 400,000 100,000 948,803 802,562
1899 400,000 100,000 723,189 600,080
1898 400,000 100,000 554.319 444,571
1897 400,000 100,000 410,123 316, 102
1896 400,000 100,000 312,003 218,377
1895 400,COO 100,000 238,875 153.800

1894 400,00 100,000 192,737 123,336
Home LIFE ASSOCIATION, Toronto 1903 1,000,000 165,183 484,584 316,686

Hon. Richard Harcourt, M. P. P., 1902 951,900 158,087 448,879 279,878
Pres.; A. J. Pattison, Chief Agent. 1901 930,600

132,944 404,510 235,411
1900 823,900 112,510 285.306 195,303
1899 740,000 95.889 103.300

19,180
1898 100,000

22,871 6,163
1897

100,000 25,358 20,072 12,136 1896 100,000 25.524 15,663 5,626 1895

72,800 19.312 I1,233 7,701 1894

47,000 14,432 10,845 7,143 IMPERIAL LIFE, Toronto...

1903 1,000,000 450,000 2,013,888 1,472,954
Hon. Sir Mackenzie Bowell, Pres.: 1902 1,000,000 450,000 1,660,777 1,143,192

Thos. Bradshaw, F. I. A., Sec. and 1901 1,000,000 450,000 1.344,128 837,853
Act.; F. G. Cox, Vice-Pres. and Man. 1900 1,000,000 450,000 1,102,092 612,892
Dir.

1899 1,000,000 450,000 930,443 448,668
1898 1,000,000 450,000 677,062

1897 1,000,000 250,000 336,248 38,426
LONDON LIFE, London, Ont....

1903 250,000 50,000 1,462,966 1,368,431 Joho McClary, Pres.; John G. Richter, 1902 250,000 50,000 1,302,064 1,211,973 Sec.; E. E. Rid, Act.

1901 250,000 50,000 1,126, 190 1,042,722 1900 250,000 50,000 991,819 914,694 1899 250,000 50,000 875,423 801, 126 1898 250,000 50,000 770,039 700.750 1897 250,000 50,000 678,177 608,006 1896 250,000 50,000 591,591 524.521 1895 250,000 50,000 522,887 458,474 1894 250,000 50.000 470,608 393,658

26,927

$ $ $ $
223,963 564,481 148,464 712,945
126,508 514,920 80,356 595,276
72,344 419,761 53.971 473.732
46,241 360,211 42,119 402.330
23,109 299 887 32,254 332,141
9.748 238.322

24.384

262,705
202,482 15,699 218,181
156,033 12,067 168,100
122,598 9,114 131,742

109.983 6,427 116,410
2,716 119,664 11,376 131,040
10,915 100,773 10,898 111,671
36,155
93,198

11,177 104,375
225.336

8,854 234,190
16,440

43.167
23,124 7,391 30,515
22,245 38 22,283
19,619

None, 19,619
14,712

None. 14.712
9,968

137 10,105
90,935
493.781

83,863 577,644
67,585 409,277 81,178 490,455
56,275 308,030 53.502 361,532
39,200

258,883 36,273 295,156
31,775 296,617 24,906 321,523
43,244 154.947 62,464 217,411

32,000 67,856 99.916
44.535 323,569 74,442 398,011
40,091 291,903 63,200 355,103
33,468 271,727 50,293 322,020
27,125 252,822

44.427 297,249
24,297 226,586 41,554

268,140 19,288 206,515

241,183 20.170 185.539

30,561

216.100 17.070 177.COH 28,644 205.648 14.414 160 889 25,513 186,402

132 580 21,480 154.000

$ $
123.974 193.792
85,692 159,631
98.371

140,556
64,679 131.242
57,076 120,287
38,116 94,449
43,176

88,078
30,686

73,407
23.081

68,543
18,628 55,379
43,809 74,988
38,776

78,730
38,421 49,254
23.042 48,028
5,200

32,766
5,425 21,332
1,966 19,422
4,000 18,039
6.900 15.044
4,000 11,535
70,737 173,012
52,036 142,400
45,541 123.901
33.662 109.726
9,123

91,267
14.595 96,003
None. 28.744
95,238 133.604
75,320
81,248 112,353
80,917 105,447
67.756

93,800
65.680

84,331
57,011 74.619
57.522 71,619
55,674 76,195
44,258

55.374

9.000
8,000
6,000
6,000
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.

170
None.

281
None.
None.
27,000
20,250
None.
None.
None.
None.
None.
4,000
4,000
4,000
4.000
4,250
4,250
4,250
4.250
3,431
2,362

183.818

47,822

21,388
22,320
21.944
15,535
270,750
214,686
169,445
145,388
100,390
110,598

28,744
232,842
197.594
197,602
190,364
165,806
154,261
135,880
133.391
135,300
101,994

118,274

34,668

26.95°

« PreviousContinue »