Report to the Congress On Fraternal Benefit Societies
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While the comparisons suggest that the fraternal benefit societies are more efficient in some respects, this may reflect the samples used in the analyses. Moreover, only the six largest fraternal benefit societies were compared to a larger set of twenty-six large mutual insurance companies.
COMPARISON OF SURPLUS ACCUMULATION BY FRATERNAL BENEFIT SOCIETIES AND LARGE MUTUAL LIFE INSURERS In Chapter 4 the increasing importance over time of net investment income is demonstrated.
This investment inc...ome is generated by earnings on policy reserves and surplus. The study examines whether the tax exemption has been used by fraternal benefit societies to accumulate surplus in excess of that accumulated by comparable large mutual life insurers. ^^ Accumulated surplus is particularly important for mutual life insurance companies and fraternal benefit societies, as outside capital cannot be raised by issuing stock. In addition, fraternal benefit societies do not participate in the state guaranty fund designed to protect policyholders.
What to read after Report to the Congress On Fraternal Benefit Societies?
You can find similar books in the "Read Also" column, or choose other free books by United States. Dept. of the Treasury to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
While the comparisons suggest that the fraternal benefit societies are more efficient in some respects, this may reflect the samples used in the analyses. Moreover, only the six largest fraternal benefit societies were compared to a larger set of twenty-six large mutual insurance companies.
COMPARISON OF SURPLUS ACCUMULATION BY FRATERNAL BENEFIT SOCIETIES AND LARGE MUTUAL LIFE INSURERS In Chapter 4 the increasing importance over time of net investment income is demonstrated.
This investment inc...ome is generated by earnings on policy reserves and surplus. The study examines whether the tax exemption has been used by fraternal benefit societies to accumulate surplus in excess of that accumulated by comparable large mutual life insurers. ^^ Accumulated surplus is particularly important for mutual life insurance companies and fraternal benefit societies, as outside capital cannot be raised by issuing stock. In addition, fraternal benefit societies do not participate in the state guaranty fund designed to protect policyholders.
What to read after Report to the Congress On Fraternal Benefit Societies?
You can find similar books in the "Read Also" column, or choose other free books by United States. Dept. of the Treasury to read onlineMoreLess
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