Show w Refund Hinted On hi Worker t z As much B as ns may be distributed dis dis- ted in n refunds to insurers Carrying workmen's compensation Insurance under the state insurance insurance insurance ance ance fund If It the legislature enacts law proposed by the state agency agency it was as reported Saturday Our strong financial position makes it unnecessary at this time timeto timeto timeto to to- accumulate further reserves inthe in inthe th the surplus s account and arid if legislation legislation legisla legisla- legislation tion could b be enacted it would enable enable en en- able u us to distribute among policy policyholders policyholders policyholders' holders holders' each ye year yer r the excess amounts collected over over- what is Is' Is necessary ece ar to pay claims and setup set setup up tip the necessary reserves on nn compensation compensation com coin claims claims' J J. J Fred Pingree Pin- Pin gree ree manager of the insurance fund said v rn In the fiscal year ended June 30 1948 the fund income income- included in m in all types of pre pre- pre pre- miu ns During that period the total amount of ot claims was leaving a 8 gross oss income of ot from operations stated th the departments department's biennial report During the preceding fiscal year the premiums totaled and the deductions for all types of claims laim f amounted to leaving a a gross income of from op operations rations t After deduction of other expenses expenses ex ex- and addition of ot other ther in- in in income income come for last year the net increase in- in crease prease rease in surplus was 50 C A A. similar computation applied to operations of ot the preceding year resulted in a net surplus of stated the report surplus at the end of fiscal 1948 amounted to about less than the surplus at th the end of fiscal 1947 T Total tal assets of the fund at the end of ot the biennium amounted to an increase of nearly in the 12 months pre pre- ceding eding |