American Underwriter PDF Download

Excerpt from The American Underwriter, Vol. 29: Magazine and Insurance Review; March, 1908 N the recent December issue of the american underwriter I published a somewhat extended tabular study of The Grow ing Demand of Policyholders for Loans on Their Life Insurance Policies, therein showed that in the case of the twenty-eight leading life companies of this country the ratio of policy loans to net reserves had increased from per cent. In 1901 to per cent. In 1906, and ventured the safe prediction that the New York Insurance Department's figures for 1907 would unquestion ably show an abnormal increase in both the number and aggre gate of policy loans in that year of great financial unrest. Through the courtesy of the Department, I have now obtained in advance of the publication of its report the figures of the out standing policy loans of the twenty-eight companies in question at the end of 1907, and the prediction of an abnormal increase in policy loans during the year just ended proves to have been abundantly justified, as is demonstrated by the detailed table appearing on a subsequent page, which was compiled from the New York reports for the several years. 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.