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" Fund," which is held to meet future contingencies, and is charged against the company as a liability. I have taken 60 per cent of the annual revenue from premiums as a fair approximation to the exact pro rata of the premiums on unexpired risks, which... "
Report of the Superintendent of Insurance of the Dominion of Canada for the ... - Page xiv
1885
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Sessional Papers, Volume 32, Issue 3

1899 - 764 pages
...of "Fire Fund," which is held to meet future contingencies, and is charged «gainst the company asa liability. I have taken 60 per cent of the annual...item in our returns for Canadian business. Also, in ea«es where life insurance is combined with fire (the assets of those branches being required by the...
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