Deserving of Imitation.

Taranaki Daily News, Volume XLVI, Issue 85, 14 April 1904, Page 4

Deserving of Imitation.

The reports of the New Zfealand Government Insurance Department are always instructive documents, offering as they do evidence of an up-up-to-date desire to make the advantages afforded by life assurance as cpmprehensive as possible, in addition to giving very full information of the business actually transacted. The latest amendment of practice has reference to intermediate bonuses. *These have hitlierto been allowed only in the case of policies emerging by claim between two distributions of surplus. Arrangements have now been made to include interim bonuses in all computations of surrender values, cither in cases where policies are actually surrendered or borrowed upon, or for the purpose of giving the largest possible cover where the premiums are overdue. Even in the case of a yearly distribution of surplus, the policy-holder who is unfortunately compelled to surrender forfeits on the average half a year's bonus, but mirier the department's new system he would received the proper proportion of accrued bonus for every premium paid since vhe last distribution. Hie form »f statement of business is one well deserving of imitation in this a'mmtry liiv all offices that court public inspection.—lnsurance Record, London.