Detailed Report of the Inspector of Insurance and Registrar of Friendly Societies: Transactions for the Year 1911 (Classic Reprint) - Hardcover

A. R. Boswell

9780484339490: Detailed Report of the Inspector of Insurance and Registrar of Friendly Societies: Transactions for the Year 1911 (Classic Reprint)

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ISBN 10: 0484339494 ISBN 13: 9780484339490

Publisher: Forgotten Books, 2019

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Excerpt from Detailed Report of the Inspector of Insurance and Registrar of Friendly Societies: Transactions for the Year 1911

C. Registered Friendly Societies: being Societies registered by the Province of Ontario, for the transaction of insurance therein.

Of these divisions, the Companies comprised in Division B (provincial Licensees) are-alone inspected by the Province, and are here reported on in the usual form and with the usual financial details pursuant to the provisions of the Ontario Insurance Act.

All of the Companies in Division A, except Ocean Marine Companies, make financial statements annually to the Dominion of Canada; and those statements, as revised by the Dominion Superintendent, can be found in the Superintendent's Annual Report. The balance sheets, therefore, printed here, under Division A, are limited to those of Ocean Marine Companies.

The report upon Division C. (friendly Societies) made on the 26th of January, 1893, related to their mode and place of incorporation; the statutes and instruments under which the Societies were constituted, and those by which they are now governed; the kind of insurance or insurance benefits undertaken; that report also showed inter alia whether or not the certificate holders generally are secured by a surplus fund; and, if a surplus, fund is maintained, whether any of this surplus is held in Ontario, if anyhow much, how invested, and by whom held and controlled.

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