Show BINARY the attention of 0 our business men and ul othera needing insurance is ia di dr aco reeled leato to a favor relating fainting to 0 o lard in 10 coni aDio passed by the iho Legia latura of 0 tho ilia sto ot of now new york during the iho f of 1874 anil and known BJ as tho the new york surplus law this thi law provi les for or the better emu been rily of the bolders ol of policies in new york state companies compani cB by allowing lowing Bl mid companies to deposit with the state sata treasurer at albany now york their surplus f anila to bo be known nuj and designated as ai a n grair auty fund anil iho special reserve fund when lira fire insurance company desires t lo 10 avail itself of oatha the boto aboto net act its board baard of 0 dirac torm torii must adopt a to ch a icso lution lation thair i ante eti 03 t to 0 form the iho above funds aol aad after that period they aro are prohibited from pay ing over seven per cent per annum on the capital stock of such company com piny anil and apon the surplus funds the wisdom of this measure cio can bo be peen arkil nd appreciated lamend acad of the iho stockholders of it a company receiving largo dividends and allowing no surplus to bo be created thoy they pimply receive seven per cent per anund on their investments and tho the balance of the tho profits il ii pl pi teed iced ono side aide in tho the state treasurer handi and nd out or of the control or of ahn corn com pany to 0 protect tho the policy holders hold cra until ruch fuch guaranty faud ana alq reserve fand saro oin LI to the original oni ual alenot of the ot of the ilo C company led end evon it it noi no obligatory liga tory on abdy 81 buch ch company to acu ecu c ago aldo adding in nigary to it iti i hind fund tho the continental firo fire insurance company of 0 the city or new york WM was the first company to evaid binl ittoli of this law and now annos its is polices with thin clause embodied theocia this policy is issued and accepted under tho the proviE provisions dona and conditions of chapter of tho the laws of the state of now york passed april obb t 1874 entil lal ao act to a provide proy iilo BC ac carity against extraordinary confra orations grat ioos ions and for the creation or fare ty funds funda by cro are insurance comp companie anim under the provisions pro of this thia not act tho the stockholders of this thia company can ro ceide but seven por par coot cent per annum upon its ila capital and not earned I 1 tondi until sa sah eua h earn bogs are at in amount 1 tho the capital and are act a apart p art I 1 for the greater protection of policy holdre liol dira orle one half balf of llimo earnings earning it ij in ia addition to tho ilia capital thereby mado made available avail ablo delay lor for 1160 payment of losses by filly erat conflagration while th abo 0 0 lir her half is held uy by tho the law soared to the tha protection or policy holders not involved in such and nd is ia to bo be baseil as ft a babii lor for ilia artna tion or of now new cap tl tai should tho the ox teat ol of abo tko losses be ouch us As to 10 ro quiro snell each action tito tho continental insurance ranco cam company ofner new york las now with the alato of albany new york to bo be hell bell sacred tor for tho the protection of ofis is policy holler ind and they have still left belt 1 9 bow capital mil and our gui plus tho the latter amoust with their surplus land fund and epenial reserve fuel makine them ono of 0 tho the strongest Comp atit i ms now in ia the field their prompt notion action ia wr ailing themselves of 0 tho the lhoost of this law and their evident disiro to protect in every illo blo manner their policy holders cn cri lilles titles them to be the favorable on 00 of every ono VU s urance ajr r further information apply to their daify author fied agent for silt salt lako lake city upon OO 00 maia |