LIFE INSURANCE.
AMERICAN ADMINISTRATION. Received March 1, 8.42 a.m. NEW YORK, February 28. The President of the Life Insurance Underwriters' Society 6f New York states that the value of American life insurance policies decreased by £50,000,000 in 1906, owing to the revelations in connection with the administration of the funds of various societies. LONDON, February 28. The Canadian Royal Commission on Life Insurance Companies seyei'ely condemns the investment of funds in speculative stocks, extravagant management, and abnormal expenditure to secure business. Tt'eevcrr'lv comments on unauthorised investments in fraternal societies, the stability of which ought to be legislatively as sured. The commission recommends more frequent distribution of surpluses, and rigid lega' restriction of investments.
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Wairarapa Age, Volume XXIX, Issue 8371, 2 March 1907, Page 5
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113LIFE INSURANCE. Wairarapa Age, Volume XXIX, Issue 8371, 2 March 1907, Page 5
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