Annual Report and Balance Sheet for the Year, Volúmenes33-58

Portada
The author., 1898

Dentro del libro

Términos y frases comunes

Pasajes populares

Página 50 - Resolved, That the committee on valuation of securities of the National Convention of Insurance Commissioners is of the opinion that...
Página 9 - The relations of the two departments of the business are fixed by the provisions of the charter. The accounts and investments are kept distinct and separate. The entire surplus in the insurance department accumulates for the benefit of the policy-holders.
Página 4 - ... The entire surplus in the insurance department accumulates for the benefit of the policy-holders. The only advantage, direct or indirect, which the stockholders can at any time have from the union of the two features of the business, results from the fact that the management of the trust business, from which they derive their profits, is done for them without charge.
Página 17 - Federation, is just closing her second year of service, which has been one of the most prosperous in the history of the club.

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