INSURANCE IN CANADA.

WHAT IS REQUIRED OF COMPANIES DOING BUSINESS IN THE DOMINION.

THE several acts passed by the Canadian Parliament relating to insurance in the Dominion were amended and consolidated by a general
statute, passed during the session of 1886, which contains all the existing provisions of the regulation and supervision of insurance com-
panies carrying on business in Canada. Under this act no company can do business in the Dominion without obtaining a license from the
Minister of Finance, or being registered in the office of the Superintendent of Insurance. In order to obtain such a license every company
must deposit with the Receiver General as follows:

It is provided, however, that in case of any such company incorporated elsewhere than within Canada, when its liabilities to policy-
holders in Canada, including the full reserve or reinsurance value of all its Canadian policies, exceed its assets in Canada, then the company
will be required to make good the deficit by adding to its deposits with the Receiver General, or by creating a special trust in the hands of
two or more persons resident in Canada.

Any company incorporated in Canada, and transacting business of life assurance upon the co-operative or assessment plan, may, at
the discretion of the Minister of Finance, be exempted from making a deposit with the Receiver General. Such company must register its
corporate name in the office of the Superintendent of Insurance and conform to other requirements of the act.

Companies doing ocean marine business exclusively, are not subject to the act.

Companies other than life, fire or marine, in order to do business in Canada are required to obtain a license or permission from the
Minister of Finance, and the Treasury Board must in each case decide what shall be the amount of deposit.

Every company is required to file in the office of the Minister of Finance, annually, at the beginning of each year, a sworn statement
of its condition and affairs.

The policy liabilities of life assurance companies doing business in Canada are to be valued according to the Table of Mortality of
the Institute of Actuaries, H. M., at 41⁄2 per cent interest.

Toward defraying the expenses of the office of the Superintendent of Insurance, a sum, which from fire and marine companies must
not exceed eight thousand dollars, shall be annually contributed by the companies, which sum shall be assessed pro rata upon the gross
premiums received by each during the preceding year, such sum to be paid upon the issue of the annual license.

241,796 13,446 255,242 142,463 71,956 None. 214,418 212,331 10,906 223,237 155.552 67.371 None. 222,923 210.737 10,739 221,475 148,808 63,674 208.783 6,480 215,263 164,823 61,530 185.823 5,245 191,069 111,752 52,966 137,073 4.521 141,594 69,681 3,867 73,548

None.

212,482

2,268 228,€21

None.

164,718

75,177 43,088 28,647

None.

118,265

29,971 None.

58,618

GREAT WEST, Winnipeg.

Alexander Macdonald, Pres., A. Jar-
dine, Sec., J. H. Brock, Man. Dir.

1892

367,300 91,825 121,417 32,877

15.383

4,189 19,572

None. 13,319

None.

13,319

1892
621,000 127,320 536,067 402,390
6,357 212,242 18,039 230,281
Geo. Gooderham, Pres., Jno. F. Ellis, 1891
621,000 127,320 431,610 297,662 6,628
184,106
13,237 197.343
Managing Director.
1890 621,000 127.320 345,434 220,856
149.566 10,242 159,808
1889 621,000 127,320 293.593
143,956
6,408
1888 621,000 127.320 203,810
117.752

55,012 79,497

None.

134,509

37,869 77,477

None.

115,347

46,214 70,603

None.

116,817

150,364 60,465
122,715 9,650 87,231
779 27,964 7,000

89.158 None.

149,623

None.

96,881

20,438 None. 27,438

150 6 53.557
6,874 43.736
3.500
18,471
b 45,371
17,087 2,000 15,087 36.547
1888 None. None. 18,119 7,294 10,825 b 36,570
330 36,900 25,000
8.744 None.
1887
None. None. 15,527 4,000 11,527 638,321 240 38,561
26,595 7,119
None. None. 13,180 None.
13.180 b30,722
160 30,882 20,000 7,312
60,000 1,414,491 1,128,342
226,149 368,708 65,764 434,472
118,437 109.375
300,000
60,000 1,207,594
969.719 177,875 330,027
57,865 387,892 122,801
Wm. McCabe, F.I.A., Managing Di- 1890
300,000
60,000 1.034.325 847.176 127,149 304,082
50,519 354,601 50,742
rector, L. Goldman, Sec.
1889 300,000
60,000 816,710 685,345 71,365 256,437
35.304 291.741
1888 300,000 60,000 666,919 555,849 51,069 232,568
31,123 263,691
1887
300,000 60,000 542,319 427.423 54,896 204,564 23.719 228,283
1886
300,000 60,000 422,402 316,486
45,916 166,161 18.795 184.956

↑ Registered to do business in Canada upon the assessment plan in 1892. Registered to do business in Canada upon the assessment plan in 1885; business transferred to Massachusetts Benefit Association in 1892. a Including safety fund. 6 Assessments, dues, etc.

145.998

59,907 85,637 4,800

150,344

58,759 79.549 4,800

143.108

36,147 75,200 4,800 37.507

116.148

99.801