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556   DEPARTMENT OF FINANCE—INSURANCE BRANCH.

MASSACHUSETTS BENEFIT—Continued.

No.

Ana amt.

 

Policies in force at beginning of year    4,291

$7,533,240

00

Policies issued during the year    139

173,800

00

Policies terminated as above    1,174

1,963,240

00

Policies in force at date of statement    3,256

5,743,800

00

Number of insured lives.—No return.

 

 

GENERAL BUSINESS STATEMENT FOR THE YEAR ENDING 31ST DECEMBER, 1896. INCOME DURING THE YEAR 1896.

Gross membership fees    8 303,393 16

Annual dues, gross   229,575 13

 

Assessments    2,524,741 25

Total paid by members    

$3,057,709

54

Interest    

21,302

29

Cash received from all other sources    

2,591

79

Total income       $3,081,603 62 DISBURSEMENTS DURING THE YEAR.

Losses and claims   $2,033,986

60

Cash returned to policy-holders (dividends)    

593,474

57

Commissions to agents on account of fees and dues    

378,417

32

Commissions and costs for collecting assessments    

7,043

01

Salaries of officers    

25,958

30

Salaries and other compensation of office employees    

29,616

71

Medical examiners' fees    

36,597

18

Rent   

4,187

63

Taxes   

11,580

23

Advertising and printing   

41,871

31

Sundry   

106,052

34

Total disbursements    $3,268,785

20

NET OR INVESTED ASSETS.

Cost value of real estate in cash, exclusive of encumbrances   

$   230,638

01

Loans on mortgages (first liens) on real estate    

138,921

33

Loans on collaterals    

26,653

12

Cost value of bonds and stocks owned    

334,919

00

Agents' ledger balances    

100,173

27

Cash in office   

14,252

26

Cash in banks, on emergency or reserve fund account    

49,575

20

Total net or invested assets    $   895,132

19


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