| Show INSURANCE investments how one company s asset assets are dig tributes tri buted in the south and wet west in connection with its withdrawal from texas along with ith many other companies rather than to submit to the new law which requires that 75 ot of the reserves on texas policies cles shall be invested in securities of that state which securities shall be deposited in the state and subjected to heavy taxa tion in addition to the large tax now imposed on life insurance premiums the equitable life assurance society has made public the distribution of its assets at the end of the second year of the new management the equit able now has 10 94 invested in texas which Is twice as much as the new law requires but the manage nent ment decided that to submit to the additional taxation would be an inaus tice to its policyholders in other states which impose no such penalty on in the thrift of their citizens the equitable a report shows that more than 37 of its total reserves are now invested in the southern and western states while only 35 of its total insurance Is carried in these states its investments are distributed as follows ala ariz ark 4 cal 5 col cot 5 fla 4 ga idaho ind ter ind 6 iowa 3 kan sas 11 ky 2 6 1000 la md mich 6 minn 2 miss mo 8 mont 1890 neb nev new max 1376 N C 1649 N D ohio okia okla ore S C S D 1300 1 tenn 1 utah va wash 1202 W va 5 WIs ta 2 wyo 3 |
