(FORM referred to under heading No. 7, in Fifth Schedule.) VALUATION BALANCE SHEET Of Dr. To net liability under Assurance and Annuity To surplus, if any Cr. £ as at 18 By life assurance and annuity funds (as per balance sheet under Schedule 2 or 4) By deficiency, if any £ SIXTH SCHEDULE. (SECT. 8.) STATEMENT of the LIFE ASSURANCE and ANNUITY BUSINESS of the on the 18 (The answers should be numbered to accord with the numbers of the corresponding questions. Statements of re-assurances corresponding to the statements in respect of assurances, under headings 2, 3, 4, 5, and 6, are to be given.) 1. The published table or tables of premiums for assurances for the whole term of life which are in use at the date above mentioned. 2. The total amount assured on lives for the whole term of life, which are in existence at the date above mentioned, distinguishing the portions assured with and without profits, stating separately the total reversionary bonuses and specifying the sums assured for each year of life from the youngest to the oldest ages. 3. The amount of premiums receivable annually for each year of life, after deducting the abatements made by the application of bonuses, in respect of the respective assurances mentioned under heading No. 2, distinguishing ordinary from extra premiums. 4. The total amount assured under classes of assurance business other than for the whole term of life, distinguishing the sums assured under each class, and stating separately the amount assured with and without profits, and the total amount of reversionary bonuses. 5. The amount of premiums receivable annually in respect of each such special class of assurances mentioned under heading No. 4, distinguishing ordinary from extra premiums. 6. The total amount of premiums which has been received from the com mencement upon all policies under each special class mentioned under heading 4, which are in force at the date above mentioned. 7. The total amount of immediate annuities on lives, distinguishing the amounts for each year of life. 8. The amount of all annuities other than those specified under heading No. 7, distinguishing the amount of annuities payable under each class, the amount of premiums annually receivable, and the amount of consideration money received in respect of each such class, and the total amount of premiums received from the commencement upon all deferred annuities. 9. The average rate of interest at which the life assurance fund of the company was invested at the close of each year during the period since the last investigation. 10. A table of minimum values, if any, allowed for the surrender of policies for the whole term of life and for endowments and endowment assurances, or a statement of the method pursued in calculating such surrender values, with instances of its application to policies of different standing and taken out at various interval ages from the youngest to the oldest. Separate statements to be furnished for business at other than European rates, together with a statement of the manner in which policies on unhealthy lives are dealt with. THE LIFE ASSURANCE COMPANIES ACT, 1871. 34 & 35 VICT. c. 58. An Act to amend the Life Assurance Companies Act, 1870. [24th July, 1871.] WHEREAS by section three of the Life Assurance Companies 33 & 34 Vict. Act, 1870, a sum of money is required in certain cases to be c. 61. deposited with the Accountant-General of the Court of Chancery, to be invested and returned by him in manner therein directed, and it is expedient to make further provision in respect of the deposit, investment, and return of such sum: Be it therefore enacted by the Queen's most excellent Majesty, by and with the advice and consent of the Lords spiritual and temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows : orders as to sums deposited Vict. c. 61, s. 3. under 33 & 34 1. Every sum required by the Life Assurance Companies Payment into Act, 1870, to be deposited with the Accountant-General of Court and the Court of Chancery (a) shall be paid into the Court of Chancery, and orders with respect to the payment of such money into and out of Court, and the investment and return thereof, and the payment of the dividends and interest thereof, may be from time to time made, altered, and revoked by the like authority (B) and in the like manner as orders with respect to the payment into and out of Court, and the investment of other money, and the application of the dividends and interest thereof. (a) 33 & 34 Vict. c. 61, s. 3, supra. (B) The Life Ass. Comp. Act, 1872, s. 1, infra, seems to clash with this. s. 25 of 33 & 2. Section twenty-five of the Life Assurance Companies Amendment of Act, 1870, shall be construed as if the words "chapter twenty- 34 Vict. c. 61. four" were and had, at and from the date of the passing of such last-mentioned Act, been inserted therein in place of "chapter forty-one;" and her Majesty's Printers shall in all Construction and short title. 66 copies of the Life Assurance Companies Act, 1870, which may be printed after the passing of this Act, insert the words chapter twenty-four" in the place of the words "chapter forty-one" in section twenty-five of the said Life Assurance Companies Act, 1870. 3. This Act shall be construed as one with the Life Assurance Companies Act, 1870, and that Act and this Act may be cited together as the Life Assurance Companies Acts, 1870 and 1871, and this Act may be cited as the Life Assurance Companies Act, 1871. THE LIFE ASSURANCE COMPANIES ACT, 1872. 35 & 36 VICT. C. 41. An Act to amend the Life Assurance Companies Acts, 1870 and [6th August, 1872.] 1871. BE IT ENACTED by the Queen's most Excellent Majesty, by and with the advice and consent of the Lords spiritual and temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows: 1. Whereas by the provisions of "The Life Assurance Companies Acts, 1870 and 1871," a life assurance company is required to pay a sum of money into the Court of Chancery by way of deposit, and the certificate of incorporation of such company is not to be issued unless such deposit has been made, and such deposit is to be returned to the company as soon as its life assurance fund amounts to the sum therein mentioned; and doubts have arisen as to the construction of the said provisions, and it is expedient to remove such doubts; be it therefore enacted as follows: The said deposit may be made by the subscribers of the memorandum of association of the company, or any of them, in the name of the proposed company, and such deposit upon the incorporation of the company shall be deemed to have been made by and to be part of the assets of the company. The said deposit shall, until returned to the company, be deemed to form part of the life assurance fund of the company, and shall be subject to the provisions of section four of the Life Assurance Companies Act, 1870, accordingly. The Board of Trade (a) may from time to time make, and when made revoke, alter, or add to, rules with respect to the payment and repayment of the said deposit, the investment of or dealing with the same, the deposit of stocks or securities in lieu of money, and the payment of the interest or dividends from time to time accruing due on any such investment, Deposit by company in Court of Chancery. |