Book Description

Excerpt from Forty-Sixth Annual Report of the Insurance Commissioner of the Commonwealth of Massachusetts, January 1, 1901, Vol. 2: Life, Casualty and Assessment Insurance These investments, of so great volume and variety, necessa rily participate in the character of all the sound and reliable properties of the country; and, although there have been and may be periods of depression which affect nominally all values, there exists no necessity for any changes of investment on that account by the companies when the wave passes they are found again in the same general condition as the average of the substantial investments of the community. Probably there is no other class of institutions holding large trusts less sub ject to sudden and forcible conversion or change of invest ments than the life companies, and hence none able to show better average earnings and results and in the report of inter est earned during the year, the rate per cent. Realized shows no material variation from that of recent years, and that the reserves in this respect are well protected. So far, then, as the amount of property to protect the policy obligations and the mortality and interest experiences are con cerned, the conditions are favorable and satisfactory. The volume of business done and the grand totals of amounts in force show relatively the same increase as in the previous year, and are indicative of active and healthy conditions, and that with return of business activity there will be no lagging of enterprise or lack of progress. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.