ACCIDENT INSURANCE.

Taranaki Daily News, Volume LV, Issue 63, 1 August 1912, Page 5

ACCIDENT INSURANCE.

THE GOVERNMENT BRANCH. (From our own correspondent.) Wellington, Last Night. For the year ended December 31 last the premium income of the accident branch of the Government Insurance Department totalled £20,756, as against £21,304 in 1910. The small decrease, says the commissioner, is due to these having been a reduction of over £IOOO in premiums on .mining risks. The premium income, he adds, may now be regarded as having returned to normal conditions, and in view of the large number of companies competing in New Zealand for the very limited business available, no great expansion on the item ran be anticipated in present circumstances. ITe adds that the financial position of the branch is sound. The funds which have been accumulated during the last triennium amount to '£17,251, and it has been decided to carry this amount to the reserve fund, constituted under section 20 of the Government Insurance Act. It has, the Commissioner remarks in conclusion, been the policy of the Department since the inception of the branch to place its financial position beyond question, and tht keenness of the competition which prevails in insurance circles renders a continuance of this policy essential.