Studies in Practical Life Insurance An Examination of the Principles of Life in
Studies in Practical Life Insurance An Examination of the Principles of Life in
James M Hudnut
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For read}' reference lists of securities are made on sheets and checked with the cards. Receipts from interest are entered upon these cards and lists and checked by the Comptrollers' Department. The account is made up monthly showing the amount received and the amount due and unpaid. The amounts paid are checked up on the books of the Treasury Department. In- terest on Policy and Premium Loans of every kind, including that paid when days of grace in the payment of premium are availed of, and in...terest on agents' debts, are all verified by the Comptrollers' Department, — to insure the collec- tion of all interest due the Company. Having thus seen how the money comes in and how it goes out for invest- ment, we will now ascertain how it goes out in payments to policy-holders and for expenses. We will first follow a claim for death-loss through the office under the care of the Division of Policy Claims. Itinerary of a Death-Claim. 1. Insured died June 3, 1911, at Shreveport, La. 2. Shreveport Branch Office notified of the death on June 6, and delivered the necessary blanks for making proof of death and claim and sent a report of the death to the Home Office.
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