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Home > Art, Film & Photography > Documents of the Assembly of the State of New York Volume 141, No. 20
Documents of the Assembly of the State of New York Volume 141, No. 20

Documents of the Assembly of the State of New York Volume 141, No. 20


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About the Book

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1918 Excerpt: ...valuation group consisting of 10,000 policies of $1,000 each, issued on the ten-year period-, on the twenty-payment plan, and at the age of forty, each bearing the annual premium of $42.79; and Table VIII of the pamphlet shows for each age at issue and for ordinary life, twenty-payment life and twenty-year endowment, respectively, " the standard final asset shares of ten-year deferred dividend policies of $1,000 each," constructed from the model accounts or supposed histories for Eeports Ox Official Examination 481 typical ages and plans by interpolation and graduation. The rule used in calculating the dividend of 1916 on these (1916 twentyyear standard cash values) policies was to deduct from 97 per cent of such standard cash values an amount equal to the reserve or cash value guaranteed in the policy, or, if the reserve which was required to be held on the respective contracts under the 2few York State law was higher than the amount guaranteed in the policy, then the reserve so held under the Xew York State law was deducted. The reserve so deducted under the rule was on the ordinary life plan/at American 3 per cent, and on the other plans at actuaries' 4 per cent. The amounts shown in Schedule " O" as having been provisionally ascertained and so held awaiting apportionment upon deferred dividend policies, were calculated by the following method: First: The yearly amounts of the annual dividends which each policy would have received from date of issue to the anniversary in 1917, inclusive, if it had been originally issued as annual dividend, were ascertained. Second: The sum of such yearly amounts was increased by (a) compound interest at the rate of 4 per cent per annum; and (b) benefit of survivorships, according to the company's comp...


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Product Details
  • ISBN-13: 9781130434361
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 298
  • Spine Width: 16 mm
  • Width: 189 mm
  • ISBN-10: 1130434362
  • Publisher Date: 01 Mar 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 535 gr


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Documents of the Assembly of the State of New York Volume 141, No. 20
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