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Title: Annual report of insurance business transacted in the Canal Zone, including laws concerning licensing of insurance companies during the calendar year
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Permanent Link: http://ufdc.ufl.edu/UF00097362/00002
 Material Information
Title: Annual report of insurance business transacted in the Canal Zone, including laws concerning licensing of insurance companies during the calendar year
Physical Description: v. : ; 21 cm.
Language: English
Creator: Canal Zone -- Office of the Governor
Publisher: Canal Zone Government
Place of Publication: Balboa Heights, C.Z
Publication Date: 1962
Frequency: annual
regular
 Subjects
Subject: Insurance -- Periodicals -- Panama -- Canal Zone   ( lcsh )
Insurance -- Law and legislation -- Periodicals -- Panama -- Canal Zone   ( lcsh )
Genre: government publication (state, provincial, terriorial, dependent)   ( marcgt )
Spatial Coverage: Panama
 Record Information
Bibliographic ID: UF00097362
Volume ID: VID00002
Source Institution: University of Florida
Holding Location: University of Florida
Rights Management: All rights reserved by the source institution and holding location.
Resource Identifier: oclc - 05917385

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Table of Contents
    Front Cover
        Front Cover 1
        Front Cover 2
    Title Page
        Title Page 1
        Title Page 2
    Main
        Page 1
        Page 2
        Page 3
        Page 4
        Page 5
        Page 6
        Page 7
        Page 8
        Page 9
        Page 10
        Page 11
        Page 12
        Page 13
        Page 14
        Page 15
        Page 16
        Page 17
        Page 18
        Page 19
        Page 20
    Back Cover
        Page 21
        Page 22
Full Text




CANAL ZONE


ANNUA


OF


INSURANCE BUSINESS


transacted in the


CANAL ZONE


DURING THE CALENDAR YEAR


1962


Including Laws Concerning Licensing


Of Insurance Companies







MIN.






CANAL ZONE GOVERNMENT


ANNUAL REPORT

OF

INSURANCE BUSINESS


transacted in the

CANAL ZONE

DURING THE CALENDAR YEAR

1962


Including Laws Concerning Licensing


Of Insurance Companies























Digitized by the Internet Archive
in 2009 with funding from
University of Florida, George A. Smathers Libraries


http://www.archive.org/details/annualreportofin1962cana









CANAL ZONE GOVERNMENT
OFFICE OF THE GOVERNOR


BALBOA HEIGHTS, C.Z., April 22, 1963.


C( .. r Li -.iH : 'r lit. ( .' I .L 7. NE,
l'H11 ....I. II.,ghts, C.Z.

S'' TI.... r I,.. 1.,,1111. 1I I. rewith a report of insurance business transacted
i i rl... C ,,,I Z 7.-.~l .1.I i .' tt,. calendar year 1962.



PAUL M. RUNNESTRAND,
Executive Secretary.

T1,,. [...II... I, ....... 11, vere authorized to transact business in the Canal
Zri .....- il i ti l. *., ,, i'. .2

.\,,,,:,,. I,, I_[.. I .... .. -,.mpany_ -- ____ Birmingham, Ala.
Amirel .1 .l M....,r- .t .- ...i....e Co. _ ---Chicago, Ill.
\iU, i, I, s,,.-. r,, ,i .ii. if New York __ __- --- New York, N.Y.
I..ik ..., li.. I,, i ii... '.I-mpany of America -----_-Dallas, Tex.
C,,, .i, ,1 A,...... i Li. I,,irance Company __- Corpus Christi, Tex.
(C.I.i, 1.. - - - - - - - - Los Angeles, Calif.
IC,-,l.-,i I IJi ii .i.i.-,_- I ..,I..in /. of Panama' _---- _Panama, R. of P.
'(.,i. ....i....l I l.'i .... I '.i.pany _ -_ -_- __Newark, N.J.
C(..inl.,i. CG.ei Il .i.' S .:'r.>s, S.A._ _-- -----------Panama, R. of P.
I'., 1..... l', Iii, ,,,! i .. .ei Seguros, S.A.2 -----Panama, R. of P.
(.:...i' ..' i' 1 1 ..1.. .. .is..i .1, seguros, S.A._ _------- Panama, R. of P.
-,I,,l.lp'', I.,,.:.i I .1.: S.'Ios, S.A.__-- -- ----- Panama, R. of P.
." i' 1 ,l S,'zui os, S.A._ _------Panama, R. of P.
i..,,i,,u ,I I I ,' ii.. (* iny _------ - - - Chicago, Ill.


,'- .,r 1 ,r 1 ll ,,,, .... -.,l any_ --___ _____
E l,1', .\..inir.. Lif.- Inf ,i.liice Company---------
I Fi1 li.. .,I (-I i i. ,-. ,i p my of New York _
I.1 I.I'. I F. .I. '.i -' y1.-. 'i ----------- -----
F-,cI,... . i ,1 in.... i. i,,l.ny of Newark- _ - -
i.,:,,, II II.i. .. ,..., ', ,,. ..'. of A m erica ---
It; l ,Ir.,i Lil.. Ih, .iii ...... _,.nmpany of America_ -
H iii,.! i. .A i t l. .r .id l id,.mnity Company ----
IIl.i,.,i; \li .(-'.., ll... .HI I. Insurance Compan -
I.ti i, 1 i I' l '... .I .. I 11. H .. "I, Ice Com pany -_ -_
Ll,-i MI riI.il i. uIr.I.. Company_ -_- -
Lii.. .Iii N IIHi,.!l Lil. Ih, in eInce Company __- ---
' iIl 1., l i' ,i l'. y _ _ _ _T-,,n In '


__--New York, N.Y.
__-Washington, D.C.
---- New York, N.Y.
----- Baltimore, Md.
-__-- Newark, N.J.
--___ Seattle, Wash.
__ Dallas, Tex.
- - _Hartford, Conn.
--- Chicago, Ill.
_- Fort Worth, Tex.
Boston, Mass.
._ -Fort Wavne, Ind.
_ Baltimore, Md.






Mutual of Omaha Insurance Coml -,, .. -
National Surety Corporation -- -
National Union Fire Insurance C.'''. ,i
Panama Insurance Company Inc.
Pan-American Life Insurance Co'-ii _
Royal Indemnity Company- _ -
Seaboard Surety Company .
Service Life Insurance Company
Time Life Insurance Company4
Travelers Indemnity Company_ ---
United Benefit Life Insurance C(it|I i -
United Services Life Insurance C
United States Fidelity and Cuaranti ''."l...i .
United States Life Insurance Cor ..'. ii, rI,, c'lr


0_ '- ....I,, N l I,
- III-, III .l
-N-. 'I ...I N .Y.
-F--11 r tt 1 l I
F i,.i. In i t P
\, rI -1 L
N. '\ l. N .

I...I r .Il l TI
. it ..r l T ......

I 1,1- 1 > ... . l..)
I h .. l , ,.

,i ,I ,.. Id


'Colonial Insurance Company of I ..... I. ... Ii ,I i.... .. I1
1962.
2Compallia Interamericana ce Sep.... '- Ih.' II I il. I.. i .'.I '. I I--
1962.
'Name changed from Mutual i.. I, I' H. i .... I \ .... i.r A ,
February 10, 1962.
4Time Life Insurance Company (d ..:...ii ......I i .... : I.i, .... rti ... I ".' ,,
effective December 31, 1962.





\tMERIC AN MOTORISTS INSURANCE COMPANY
IN.. Ir iii:. cih.ns in Canal Zone during 1962)

.\MII(:IC \N LiURETY COMPANY OF NEW YORK
Net
Premiums
\. .l.. r, . .. ,,,,, ,,, _ _ _ _ $220.00
L i il ..lr-, .ll.:r il.I., ,, - - _ _ _ (cr.) 83.09
Fi.-l.t. -- i, ------------ ----------------- 708.75
Srn. t . _ _ _ _ 19,983.63
CI - ____ __ __- 39.38
T,,I. -- - -- - - - - - $20,868.67
I .. ..... ., i. .i i i1i 7,i. ---------------$313.03

')LONI L INSURANCE COMPANY
Net
Premiums
\ rin..l.... -.,l-, _ ---- ___ -________ (or.) $19.49
\i.-. I. il.il., i i ------------ __- (cr.) 283.53
\ ,iri.', I- lir i i. IL.. -__ -- - (cr.) 155.86
,i... pihl.. --. t _ _ : .. _ __ _ (cr.) 977.36
l.,t I.1 _ _____ ________ (cr.) $1,436.24
I r,.rii,.,I . i'. r.I ,.I ----. -___ -_ -____ $0.00

(O.LONI AL_ INSURANCE COMPANY OF PANAMA
Net
Premiums
Ai. l...I .1 .I .. ... --------------- $105,169.58
Tii ..- - --.. . __--------_ $105,169.58
Sli-i...i i r I 1.. ini C il - Z. --------- $1,577.54

CO(M\l.lEHI L INSURANCE COMPANY
Net
Premiums
[,ir i -. ..... l,, t --... ...._ $899.37
\\ ,,rl .. r ,.,, I I-------- -- 157,527.47
., l.,il.t. -.,. i I i.- ..,,- 5,549.41
\ .. .r -----___ 293.42
I.. - - - - - - -_ -- $164,269.67
i l,...,, r i.. I ,. i L i 1 -- --------_______ $2,464.05

CONMI'.xI. GENERAL DE SEGUROS, S.A.
Net
Premiums
F --i - - - -----....--- ___ $30.00
\i,1 .... .Ilirlir . 190.03
\iii.. .ilii... _____________ 285.55
\,,i..I il'lr. 1 I _ _ -- -- -_ 241.87
li...l.. l i...I i,..... .. _- - - - - 29.40
\ii... i'r.i ..i. l..lir -- ---------. 214.76
i.rl. ...I.I Il.. -r - -_ -_ ____. 30.95
\,rt.,1,,,Ijl.. .. I .1 ,.,,,r ,.I l I, __ _ _ 3.7 1
-., ,I ....... -.... -- ------- .$1,026.27
Il I i p..l 1 C 1,, 1 .7 .1. - - - -__ $15.39
ri..11.1. 11 ...1.. 111 C ~II ~n~l .7. __ __ ___ __ __ $15.39


Losses
Paid
$0.00
0.00
0.00
0.00
0.00
$0.00



Losses
Paid
$0.00
568.95
779.80
482.14
$1,830.89



Losses
Paid
$32,296.83
$32,296.83



Losses
Paid
$0.00
57,941.63
35.00
0.00
$57,976.63



Losses
Paid
$0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
80.00














Fire ___


COMPANIA INTERAMERICANA DE SEGUROS, S.
(No transactions in Canal Zone during 1962)


COMPANIA INTERNATIONAL DE SEGUROS, S. ..
Net
Premi ums
--- --- --_ $1,362.0'z


Total _______
Premium tax paid in Canal Zone_


$1,362.0,
$20.4.


COIPANIA ISTMENA DE SEGUROS, S. A.
Net
Premiums
Workmen's compensation_ _- ------- $3,091.4-.


Total ____--------_____
Premium tax paid in Canal Zone________


$3,091.4,..
$46.37


COIPANIA NATIONAL DE SEGUROS, S. A.
(No transactions in Canal Zone during 1962)


CONTINENTAL CASUALTY COMPANY
Net
Premiums
Inland marine -- ------- $3.00
Accident _- -- ------------ 138.97
Accident and health ----------------- 8,643.21
Hospital and medical expenses_____ --- 107.50
Croup accident and health ____ __ 3,371.08
Liability other than auto (B.I.) - ------ 155.75
Auto liability (B.1.) ----- 3,297.21
Auto liability (P.D.) ----------- 1,507.57
Auto physical damage_- ----- 5,587.52
Surety ._-------- --- 32,250.69
Total ------------------ 855,062.50
Premium tax paid in Canal Zone ______--- $825.94


CONTINENTAL INSURANCE COMPANY
Net
Premiums
Fire --------------- $929.68
Extended coverage _ __------ 162.44
Total --- ------_------- -- $1,092.12
Premium tax paid in Canal Zone _____ ---- $16.38


FIDELITY AND CASUALTY COMPANY OF NEW YORK
(No transactions in Canal Zone during 1962)


P, i









Pd iill

1I1 II I
'".1


Losses
Paid
$0.00
0.00
2,705.21
0.11 1
1,360.C.7
0.1 ii
0.1 1
1,351.2"1
4,068.5 .
0.ii i

89,485.1:.s





Losses
Paid
$0.111
0.i I,
$0.1 l i





FIDELITY AND DEPOSIT COMPANY
Net
Premiums
s,.... r- ___ ___________ $5,252.79
T..rr I. _.. _________ $5,252.79
i',. ii...... I ,. i..id in Canal Zone__ __________ $78.79

I IREMAN'S INSURANCE COMPANY OF NEWARK
Net
Premiums
I-l. _ -__. _-----. _--_ $10,298.42
\i......1..I,. ,... I motor vehicle __ 148,832.98
'.1. ,-11 ,i,..I,. _ _ __--__ 1,580.67

Total ------________ _____----- $160,712.07
Premium tax paid in Canal Zone_ ____________ $2,410.68


GENERAL INSURANCE COMPANY OF AMERICA
(No transactions in Canal Zone during 1962)


IARTFORD ACCIDENT AND INDEMNITY COMPANY
Net
Premiums
', ... I ,..,, compensation___ -- $399.95
i. heI. ..rher than auto ----,- _____ ----- 8,89
.A.,.,. I, il, ty (P.D.)_______ _____ 0.00


$408.84
$6.13


l. i... \ pai in Canal Zone
P.. ..... r.oz paid in Canal Zone


INTERNATIONAL SERVICE INSURANCE COMPANY
Net
Premiums
A.,., I ,l..iy (B.I.)--- $8,316.38
A.i,,. i.i..i--.. ty damage -___ -- 4,143.61
..Xr.. .l. ....al damage---- -----_-- ---- 27,245.16
I .l.,r. ..t her than auto ------------------ 36.00
[...i1 -___________ --- $39,741.15
r1..i.., I ix paid in Canal Zone __________ $596.12


Losses
Paid
$0.00
0.00
175.00
$175.00


Losses
Paid
$9,556.10
4,662.37
15,978.99
0.00
$30,197.46


THE LIBERTY MUTUAL INSURANCE COMPANY
Net Losses
Premiums Paid


H...,lil i .... accident _
r..,l. ,.:..,dent and health_
. ,,i 1I, .m compensation .
.\,,,,. I, ,l,,lry (B.I.) _ _
\,,,.., I, I,,l ty (P.D .)_ _
I. -ll ,r. .rher than auto_ _
'l _ ___ _ ___
i T .1 .paid in Canl
1 r a. t., Ix paid in Canal Zo


$675.00
--- 1,882.00
-.--------.- (cr.) 271.00
_- (cr.) 9.00
-___ --_ (cr.) 2.00
__- _-_ 42.00
___-----_ 12.00
--------- 82,329.00
ne ---_-- _----- $34.94


Losses
Paid
80.00
$0.00




Losses
Paid
$376.50
66,388.94
162.00
$66,927.44


$0.00
0.00
0.00
0.00
0.00
0.00
0.00
$0.00





MARYLAND CASUALTY COMPANY


Hospital --- ---.----------------
Accident----------------------------
Health --- -------------
Group accident and health ____ ------
Auto liability ------------ --------
Liability other than auto__-- --- ---
Fidelity _- --- --------------------
Surety ______---------------
Glass __---- -------------
Burglary and theft _______--------
Auto property damage - -------
Inland marine _--- ---------
Property damage other than auto _---- --
Workmen's compensation_ ___ ------
Automobile physical damage --- - -
Fire _________ ------- - -
Extended coverage _-- ------ --
Total _____- ---------
Premium tax paid in Canal Zone -___--


Premiums
$2,038.06
862.16
47.50
1,872.75
19,770.05
5,746.28
18,358.92
63,956.49
144.65
4,963.42
10,906.87
2,236.79
2,520.67
49,386.83
24,715.12
3,860.99
124.30
$211,511.85
$3,172.68


MUTUAL OF OMAHA INSURANCE COMPANY
Net
Premiums

Group accident and health ___--- ----- $11,599.62
Accident - -- ------------------ -- 158.70
Health and accident ---------- ---------- 84,194.14
Hospital and medical ------------------ 862,724.15
Total_------- ------------------ $958,676.61
Premium tax paid in Canal Zone_ --------- 14,380.15


NATIONAL SURETY CORPORATION


Surety - - - - - - - - -
Total- ---------------------- --
Premium tax paid in Canal Zone __-___-------


Net
Premiums
$96.71
$96.71
$1.45


NATIONAL UNION FIRE INSURANCE COMPANY
Net
Premiums

Automobile and motor vehicle -- -------- - $20,004.70
Total _---------- ------------ $20,004.70
Premium tax paid in Canal Zone_ --------- $300.07


Pail





131.7712
111311



1- 111





7I)7 d
3 2













If IlI.,l11411
111'11















III;; Ii '(I


Lo-..

'l l '










:4 724-1 32
'$-1.724 s2





F'.A\ \1A INSURANCE COMPANY
Net
Premiums
r.. $2,903.00
i\ ,.rli... o.. I-..niiit,_ --.. 143,703.67
L. ..Iln.. I.l,..r li ,i .or.. __ 21,371.18
S i ... ____ 5,042.85
. -------------- 4,068.15
TI,.. --------- -- $177,088.85
i'l,.,..i, i.e. pin. i i C II.i Zone -- _-- -- $2,656.33

R(O) \L INDEMNITY COMPANY
Net
Premiums
r ..n.k.,l ... ,.r ,_- __ $26.40
F.r. ---.. .-.-. -- - __- ____.--- 73.60
Ai.n1 I.l .. ,I ,I1 .n. fi - - __- ___-- 110.66
sir,', -_ .--- - .- .._______ -_ 19,009.75
Sr,..,t ......J.l.rt ....1 I. li------ --- ----- ----- (cr.) 209.04
T,..ir 1 --- $19,011.37
I'1,. n...n., 1,,. p ...I C ..I Zone _ __---- $285.17

sE.vBOARD SURETY COMPANY
iNo ir.ir,., actions in Canal Zone during 1962)

T.'VE ELERS INDEMNITY COMPANY


u r.- . -
,1, I [p'Ii ', .,l d in i I Z o. - -
T, .l. . . C. o
Ire. iii.. ,i I. .iiI1 inr (C ii I Zone_ ____


Net
Premiums
- $2,315.90
-79.70
$2,395.60
$35.93


UNITED sTATES FIDELITY AND GUARANTY COMPANY


Net
Premiums
E\-r..:..l. r ,. -- _-_- -- $189.53
\u. ,, - - .__._ ___- 21,831.67
--i,. ______--- 4,995.73
i -, I i..l rn,- ---... 556.31
.\,. l..i.l - - - - -_-397.86
\\ ,.ri.r.i .... l r .il ir.i------- - 27,101.41
I ., Il.. ,nt r fll. ,i.., i I.) -______ 5,321.37
\..I.. l ir B I_ I------ 29,555.28
.\lr,.. .r..i. rt\ ,l r. -.. -_ 16,187.31
\I.t.. pli... .1 Il .1 o ,- .--- 16,806.38
PF'i ,..': .I in..i:e ,:.the i il.,in luto --_ - 2,279.42
I -.... _ __- ____ 2,496.98
S.... - - - ,- 9,427.36
B..1il ir' .... ---------- ---____________ 4,367.48
...... I n ,.:,.,- - - ---- ---- 46.11
CI -. - - - - - _ 854.83
T..-lIl - - -- $142,415.03
I 1..l,,,,,,, [, .1 I' i in C.,ril Zone_-- $$2,136.23


Losses
Paid
$0.00
33,499.87
6,005.40
0.00
599.50
$40,104.77



Losses
Paid
$0.00
0.00
0.00
0.00
0.00
$0.00


Losses
Paid
$0.00
0.00
$0.00


Losses
Paid
$0.00
8,566.84
35.65
0.00
45.00
11,204.80
419.80
7,076.98
16,483.89
5,215.56
172.15
1,275.19
(cr.) 150.00
1,514.28
0.00
0.00
$51,860.14





AMERICAN LIFE INSURANCE COMPANY


ORDINARY


Number


Policies in force December 31, 1961___________ 133
Policies issued during 1962 __________ 3
Total_ -_--- ----_ -------------- 136
Ceased to be in force during 1962- --------------51
Policies in force December 31, 1962 -------------85
Losses and claims:
Unpaid December 31, 1961 _______.._____ 0
Incurred during 1962 _________---------- 0
Total __ _- ----------------- 0
Settled during 1962 _______________ 0
Unpaid December 31, 1962_ ____________ 0

GRouP-None

Net premiums collected in Canal Zone during 1962:
Life Insurance -
Accident and Health___- _____ ____ _____
Total _______ __ -" .. _
Premium tax paid in Canal Zone ______________ _____


BANKERS LIFE INSURANCE COMPANY OF AMERICA


ORDINARY


Policies in force December 31, 1961 _____
Policies issued during 1962 ____________-
Total _____
Ceased to be in force during 1962 ______
Policies in force December 31, 1962 ___
Losses and claims:
Unpaid December 31, 1961 ______-
Incurred during 1962 ____________
Total _________________
Settled during 1962 ____-______--
Unpaid December 31, 1962 _____


Number Amount
3 $8,000.00
0 0.00
3 88,000.00
-2 3,000.00
1 $5,000.00


0
0
0
S0
0


Gnoup-None

Net premiums collected in Canal Zone during 1962:
Life Insurance _____ ______
Accident and Health ______--------------
Total ---- --------------------
Premium tax paid in Canal Zone ___________


$0.00
0.00
80.01,
0.011
$0.0''


$243.0'.
0.0'-
$243.0'.
$3.65


.A Ill. ii1



1 ,' w ':) fill
1' .i-1 2-1 I 11

1' ,..1Il 1 11 1


$0.00
0.00
$0.00
0.00
$0.00


$3,568.46
0.00
$3,568.46
$53.52





COLONIAL AMERICAN LIFE INSURANCE COMPANY
ORDINARY Number 2


I',.l. ics in force December 31, 1961 ___- ___--_---
i'P.l., i.'s issued during 1962 _- __-- _-------
Total ---------------
C ,...1 to be in force during 1962 _- --
I'I. I..is in force December 31, 1962 ____ _---
L,:..: and claims:
Unpaid December 31, 1961_______- -
Incurred during 1962 _- __ _-
Total ___
'Settled during 1962 _
Unpaid December 31, 1962 ____ _
GRouP
Policies in force December 31, 1961 - - -
Policies issued during 1962 ______--- __
Total _______ -----------
Ceased to be in force during 1962___ - --
Policies in force December 31, 1962______ --
Losses and claims:
Unpaid December 31, 1961
Incurred during 1962- _______
Total ______- _--
Settled during 1962 _---- -- ---
Unpaid December 31, 1962 -__ __
Net premiums collected in Canal Zone during 1962:
Life Insurance -- - - - --
Accident and Health- --------
Total ___________ -----
Premium tax paid in Canal Zone ____ _------


EQUITY ANNUITY LIFE INSURANCE COM
ORDINARY Numn


14
67
81
5
76


iimount


$72,985.00
404,488.00
$477,473.00
34,979.00
$442,494.00


0 $0.00
0 0.00
0 $0.00
0 0.00
0 80.00
Number Amount
3 $461,900.00
0 13,900.00
3 $475,800.00
0 66,450.00
3 $409,350.00


14 $2,100.00
!06 23,400.00
220 $25,500.00
!06 24,050.00
14 $1,450.00

$35,036.30
99,701.15
$134,737.45
$2,021.06


[PANY


ber


Policies in force December 31, 1961__ 22
Policies issued during 1962_ _ _-- - --- 0
Total _________- -- -------- 22
C,. ised to be in force during 1962 ________ -- 4
I',licies in force December 31, 1962_ _--- 18
L.. ses and claims:
Unpaid December 31, 1961 ________- 0
Incurred during 1962_ ________ 0
Total _____ -- 0
Settled during 1962________--- 0
Unpaid December 31, 1962 ___--_--- _--- 0
GRono-None
N..t premiums collected in Canal Zone during 1962:
Life Insurance __________- ____ ___
Accident and Health _______ _____ __
Total ___________________ ____
rI-..mium tax paid in Canal Zone _______ ____


Amount
$22,000.00
0.00
$22,000.00
4,000.00
$18,000.00

$0.00
0.00
$0.00
0.00
$0.00



$5,919.17
0.00
$5,919.17
S88.79


2
2
2






THE GIBRALTAR LIFE INSURANCE COMPANY OF .ANERICA


ORDINARY


Policies in force December 31, 1961_ --
Policies issued during 1962 -- -- -
Total ----
Ceased to be in force during 1962__
Policies in force December 31, 1962___
Losses and claims:
Unpaid December 31, 1961
Incurred during 1962_
Total -------
Settled during 1962-----
Unpaid December 31, 1962____


- ~ ~ ~ I "-i < 11 (ii l III
-iI t-h] 11(11 liii


i j.* V2'''7 i'


1(11111

I jlii~ll
II (P~1111


GRouP-None

Net premiums collected in Canal Zone during 1962:
Life Insurance__
Accident and Health --b -
Total --- --
Premium tax paid in Canal Zone_____-


*i;2 ,tn1 Ii.
1., a%


ILLINOIS MID-CONTINENT LIFE INSURANCE COIP\NM
(No transactions in Canal Zone duri:.i 1IY962





LINCOLN NATIONAL LIFE INSURANCE COMPANY

ORDINARY
Number Amount


Policies in force December 31, 1961
Policies issued during 1962 --
Total-
Ceased to be in force during 1962 _
Policies in force December 31, 1962
Losses and claims:
Unpaid December 31, 1961__
Incurred during 1962
Total ---
Settled during 1962 _
Unpaid December 31, 1962

G


Policies in force December 31, 1961-
Policies issued during 1962 _ --
Total_ ---
Ceased to be in force during 1962
Policies in force December 31, 1962
Losses and claims:
Unpaid December 31, 1961_


Incurred during 1962 --------
Total _--
Settled during 1962_ _
Unpaid December 31, 1962_ -___-- ______
Net premiums collected in Canal Zone during 1962:
Life Insurance .. ..
Accident and Health -----_-_ _.
Total ... . ---_________.
Premium tax paid in Canal Zone _----__


1,658
--- 103
S1,761
109
- 1,652


$9,866,987.00
716,762.00
$10,583,749.00
653,240.00
$9,930,509.00


--- 1 $11,930.00
1 7,500.00
2 $19,430.00
2 19,430.00
---. 0 $0.00

GROUP
Number Amount
3 $222,036.00
---0 0.00
3 $222,036.00
-- 0 (39,552.00)
3 $261,588.00


0


$0.00


0 0.00
0 $0.00
0 0.00
0 $0.00

- _- $122,317.02
------ 3,002.72
------ $125,319.74
----- $1,879.80





PAN-AMERICAN LIFE INSURANCE COMPANY

ORDINARY


Number
234


Policies in force December 31, 1961


Policies issued during 1962 _________ 16

rotal -------_ --- --_--------_ 250
Ceased to be in force during 1962 _______ 30

Policies in force December 31, 1962________ 220
Losses and claims:
Unpaid December 31, 1961_ ------- ----- __ 1
Incurred during 1962 --------------------


Total _______-__-
Settled during 1962_____

Unpaid December 31, 1962


2
2
0


GCoup-None
Net premiums collected in Canal Zone during 1962:
Life Insurance ___.- --- _
Accident and Health___________

Total
Premium tax paid in Canal Zone____- _


THE SERVICE LIFE INSURANCE COMPANY

ORDINARY


Policies in force December 31, 1961 _-_
Policies issued during 1962_ ___ _-

Total ______
Ceased to be in force during 1962 _

Policies in force December 31, 1962 _
Losses and claims:
Unpaid December 31, 1961__--
Incurred during 1962 ______
Total _
Settled during 1962

Unpaid December 31, 1962______


Number .'\n..'ii
12 l ou f 1: "
1 2 111in mi

___ 13 i:, .iS '"l
1 2. 1 11 111
12 27 >: i


GRouP-None
Net premiums collected in Canal Zone during 1962:
Life Insurance _______-_ -----_
Accident and IHealth _______ _

Total - _
Premium tax paid in Canal Zone ___-___--


A It. ,t fil
$ 1, I 1 1- 1 f.1i
.I 1 II III 11 I

$1,7 '' ,4 :. nil



I-, :i. ,: 11 1


...111111
'c I IIII

21 1 I (III
II (II


'1..,l'-

I~'I liii


0
_ __ 0O


II111.1












' I II I
A1





TIME LIFE INSURANCE COMPANY
ORDINARY
Nu
Policies in force December 31, 1961 _______
Policies issued during 1962 ------_--
Total ______- -- ---__
Ceased to be in force during 1962 _______
Policies in force December 31, 1962 ________
Losses and claims:
Unpaid December 31, 1961
Incurred during 1962 ________________


mber
9
0
9
0
9

0
0


Total___________________________ 0
Settled during 1962______--------------- 0
Unpaid December 31, 1962 _____________ 0
GRouP-None
Net premiums collected in Canal Zone during 1962:
Life Insurance ----- _--- ______ ___
Accident and Health _________ ______
Total_ -_____________--.__ _____
Premium tax paid in Canal Zone _____________ _____


UNITED BENEFIT LIFE INSURANCE COMPANY
ORDINARY


Policies in force December 31, 1961____
Policies issued during 1962 _ ___ _
Total _____
Ceased to be in force during 1962_____
Policies in force December 31, 1962 _ _
Losses and claims:
Unpaid December 31, 1961 _
Incurred during 1962______ _
Total ______
Settled during 1962__________
Unpaid December 31, 1962_ _ _
GROt
I .-.I..ies in force December 31, 1961___-
P.'.Ir ies issued during 1962_ ___
Total __________ _
(,...,ed to be in force during 1962_____
i'..llies in force December 31, 1962- ___-
I.... es and claims:
Unpaid December 31, 1961 -
Incurred during 1962 _______


Amount
$44,568.00
0.00
$44,568.00
0.00
$44,568.00

$0.00
0.00
$0.00
0.00
$0.00


$822.76
0.00
$822.76
$12.34


"Number Amount
---- 131 $526,361.00
--- 330 2,689.017.00
-- --_ 461 $3,215,378.00
--- 40 307,168.00
--_ ___ 421 $2,908,210.00

-_ _-_ 0 $0.00
---- 0 0.00
_--- 0 $0.00
S---- 0 0.00
---__----- 0 $0.00
JP
Number Amount
- ------- 1 $40,040,000.00
--------- 0 5,840,500.00
__----- 1 $45,880,500.00
---- 0 158,000.00
------- 1 $45,722,500.00


Total ------_------
Settled during 1962 _-----__ __________
Unpaid December 31, 1962 --________-___
.. I premiums collected in Canal Zone during 1962:
Life Insurance ________________________
Accident an(d Health __ __ _ _ _
Total ------- __ --_ _-_ -_ -_ -_
I',, ,rium tax paid in Canal Zone _ __ _ _


0 $0.00
37 159,500.00
37 $159,500.00
34 155,000.00
3 $4,500.00

- --- $282,915.11
----- 32,375.13
-..- $315,290.24
----- $4,729.32





UNITED SERVICES LIFE INSURANCE COMPANY

ORDINARY


Policies in force December 31, 1961_
Policies issued during 1962 _----
Total----
Ceased to be in force during 1962
Policies in force December 31, 1962_
Losses and claims:
Unpaid December 31, 1961__-
Incurred during 1962_ ____
Total_ --
Settled during 1962_ ___
Unpaid December 31, 1962___


Number .\iuI.li
118 l i5 t.i'll I I I

1 1'. 191.1111 III

5 4.'i 5Tl 3ln
114 i-65 '31 "iii
_ _ 114 55 'S. ('i,


o0 1__11 1

0 -1 ll

_ 0 I .i111


GRoup-None

Net premiums collected in Canal Zone during 1962:
Life Insurance _______
Accident and Health __-
Total ---
Premium tax paid in Canal Zone ---


17 '.1-1 I 1
':7 -:, 11!,
-I: 1, I;





UNITED STATES LIFE INSURANCE COMPANY

ORDINARY


Numb


ter


i,1 ...... sin force December 31, 1961_----------- 68
I't.n. .: i issued during 1962_ ___ ---_ ------- 4
Total _------------------------- 72
I ,..r..,I to be in force during 1962------___- _--- 25
I'..l..:..: in force December 31, 1962___ ___-- 47
I..... and claims:
Unpaid December 31, 1961 __ _-------- 0
Incurred during 1962 ------------ 0
Total----_ -----_ -------------- 0
s. titled during 1962 -________-- ---- 0
Ila paid December 31, 1962_ _------ 0

GROUP
Number
I..I I.. in force December 31, 1961 ____ 4
I'.lr.s.s issued during 1962 _------- 0
Total _______- ------------------- 4
d i. .I to be in force during 1962 _------- -- 0
I'..-i. ,.-i in force December 31, 1962 _________ 4
1 .... and claims:
Unpaid December 31, 1961 0_------
I rcurred during 1962_ ________ _- 0
Total _______----------- 0
';.ttled during 1962___________- 0
I.,npaid December 31, 1962_ ______ 0
\'.: premiums collected in Canal Zone during 1962:
I.ife Insurance_______ ________
accidentt and Health --_____________
Total _-_-----------------
I r. .nuim tax paid in Canal Zone__ ___- __--


Amount
$"25,454.00
7 1,12 6.00
$796,581.00
207,673.00
$588,903.00

$0.00
0.00
$0.00
0.00
$0.00


Amount
$2,227,505.00
100,094.00
$2,327,599.00
3,006.00
$2,324,593.00

$0.00
0.00
$0.00
0.00
$0.00

$22,383.37
16,187.10
$38,570.47
$578.56





RECAPITULATION


MISCELLANEOUS COMPANIES


Accident ______
Automobile and motor vehicle _
Auto comprehensive_ _____
Auto collision _____
Auto liability (B.1.) __
Auto property damage
Auto physical damage ____
Burglary and theft________
Extended coverage __________
Fidelity ___
Fire _____ ___
Glass ________
Group accident and health _ _
Health and accident ______
Hospital and medical_________
Inland marine_ ______
Liability other than auto_ _
Miscellaneous _
Property damage other than auto_
Surety ___ __
Workmen's compensation
Total __ _
Premium taxes paid in Canal Zone-


Net
Premiums
-- --- $1,851.11
-_ _-_ 278,059.63
__----- 190.03
--- 22,117.22
-__- ___ 60,888.26
-----32,802.26
__- __- 73,567.18
_-_- --- 10,261.22
------- 502.67
__-- -_ 21,564.65
---____ 24,453.47
----- 1,050.86
__-___ 18,516.41
--_-_ 93,559.85
-864,899.11
---_ -_ 2,796.10
--_ 38,147.79
-- 1,626.78
4,800.09
__- ___ 157,336.17
------ 381,159.79
-_ _-__ $2,090,150.65
----__ $31,373.80


LIFE INSURANCE COMPANIES

ORDINARY


Policies in force December 31, 1961_ _
Policies issued during 1962 _ ___
Total-________
Ceased to be in force during 1962 .
Policies in force December 31, 1962 _
Losses and claims:
Unpaid December 31, 1961 _
Incurred during 1962
Total
Settled during 1962 _________
Unpaid December 31, 1962____


Number Amount
---- 3,591 $19,691,066.00
S 616 4,715,454.00
4,207 $24,406.520.00
389 2,263,486.0(
3,818 $22,143,034.0(1

2 $27,566.00
3 13,000.00
5 $40,566.00
5 40,566.00
0 $0.00


I .1.I
'1 ', 'II

I I0


311-17. 2i
,11 + '.'- 4-1
l 2-'.c 1 .
2 4 21 '


5,36G.25
1,412.15
3.65
9,050.16
34,093.58
636,298.41
674.98
6,460.20
162.00
294.07
17,523.87
121,254.00
$1,048,500.40





CROUP

l'ulcies in force December 31, 1961 ____________
Policies issuing during 1962 -_ _-_ ___-
Total _______--
Ceased to be in force during 1962 -__
Policies in force December 31, 1962 _______
Losses and claims:
Unpaid December 31, 1961 --_-- ___
Incurred during 1962 _
Total
Settled during 1962 _____________
Unpaid December 31, 1962 __________
Net premiums collected in Canal Zone during 1962:
Life Insurance ___ - - - -
Accident and Health ___________________
Total_______________
Premium tax paid in Canal Zone_ _____________


Number Amount
11 $42,951,441.00
0 5,954,494.00
11 $48,905,935.00
0 187,904.00
11 $48,718,031.00

14 $2,100.00
243 182,900.00
257 $185,000.00
240 179,050.00
17 $5,950.00


S $662,864.41
151,266.10
$814,130.51
S $12,211.92


The relatively small amount of fire insurance business written is due to the
fact that practically all structures in the Canal Zone are owned by the
Government of the United States and are not covered by fire insurance.
Following is a statement of property in the Canal Zone involved in fires
and the damages resulting therefrom during the year ended December 31,
1962:


The Panama Canal Company _____
Canal Zone Government _____
Other U.S. Government ______
IT Armed Forces _-
-lps in Canal waters ____
I i, 'ate property other than above _
Total- --
Complete figures unavailable.


Value of
property
involved
$13,229,868.07
325,496.81
16,150.00
10,753,256.46
8,367,966.00
746,827.00
_ 33,439,564,34


Amount of
damage
by fire
$8,311.00
35.00
35.00
25,857.35
14,838.00*
29,414.64
$78,490.99


The following is an extract from Title 2 of the Canal Zone Code, as revised
..It.ctive January 2, 1963, pertaining to the licensing of foreign corporations
iii.der which insurance companies are authorized to do business in the
I mal Zone.

CANAL ZONE CODE-Title 2, Chapter 61

iEC. 871. Corporation; joint stock compaIny.-As used in this chapter,
Sorporation" includes joint stock companies.
SEC. 872. Application for license to do business; service of process;
/tlng fee.-(a) A corporation organized under the laws of a State of the
I.1iited States or of a foreign country may not do business in the Canal Zone





or maintain an office therein until it has filed with the executive I i-Ii', ..I
the Canal Zone Government:
(1) An application for a license setting forth:
A. The name of the corporation;
B. The names of its officers and directors; and
C. The general nature of the business in which it I...-i,,- 1.
engage in the Canal Zone;
(2) A copy, duly certified by the officer authorized by la I...... i
it, of the:
A. Articles of incororation;
B. Charter; or
C. Statutory, executive, or governmental acts c 111.,' I1,
corporation, when it has been so created;
(3) An affidavit sworn by an authorized officer of the I..', p...lI,),.
stating the amount of its authorized capital stock at or within i61, Ji.
prior to the filing.
(4) A designation of a person residing within the Canal Zli.- u .i,"'
whom process issued under any law of the Canal Zone mar bI.- m- rd
and his place of business or residence, and a certified copy of ll.. rui1111111
of the board of directors of the corporation authorizing the ,d'r-gnll.,ti.
(b) Process served on the person designated by the corporation or, if he
can not be found at the place designated, or if a person is not designated,
on the executive secretary of the Canal Zone Government, is a valid service
on the corporation. When the executive secretary is served with process he
shall without delay communicate the same to the corporation concerned at
its last known address. A default judgment may not be entered against the
corporation in an action in which process is served on the executive secretary
until at least 60 days after the date of the service.
(c) A corporation licensed pursuant to this chapter shall also file with
the executive secretary any change in the provisions of its original articles
of incorporation.
(d) With the application for license there shall also be paid $10, which
shall cover the filing fee and annual license fee for the remainder of the
calendar year during which the license is issued.
SEC. 873. Additional requirements for insurance companies.-In addition
to the other requirements of this chapter, an insurance company organized
under the laws of a State of the United States or of a foreign country shall
file the following documents: (1) A certificate of an authorized official
showing that the company is authorized to transact business in the State oi
country under whose laws the company is organized;
(2) A duly certified copy of the last annual statement of the insurance
company to an authorized official in the State or country where the company)
is organized;
(3) A deposit with the executive secretary of the Canal Zone Government
of $10,000 in cash or current marketable securities, which shall be held iir
trust by the executive secretary for the account of the company, to satisfy





.I,. lui.l nii.i: t tl lt i .,i i i...... l- I .'.inst the company, under insurance

TL: ''.I .\, i,, .,i .' .. ..i h. use tax for insurance companies.-
.' ii.' I" .'. "' "1.iii. I -..' ....I Ii nl' it to this chapter shall file with the
. I, i -.- r I .1 rl,. -,,i I v.e,. ve.eovernment before March I of each
. 1...i rt II. i l ,,Ir I 1,. 1 II, l.,.isiness transacted within the Canal
I,, .. I- ... ii... "" .i.,l I iI., .'-" i .11i calendar year and a duly certified
*. .. 1 r ... i ...l I I... i, F., ,. ..1ih.,l r .' d official of the State or country in
I' l..lI ir.. ..... [ii . ..- .... 1i i...... a showing of good cause therefore,
bi -...- i .n. %. '.. .. ..i..l I l time for filing the statement for a
i-. i...: I r . .-I, : . .. ... hi .il ,' M arch 1.
1i, ... ii..'.... .....ii' .., IF.:.. i..- I''"i int to this chapter shall pay before
M., I I -- *,. i I,. 1 ,! .tll ,-rl, i.ixSes except the annual fee provided
b..i I .. i, .I .. -Ti 1 II. ril. i, ,I ., tax equal to 1E 2 perce nt of its net
F .r.m ,,',. F..:.,ft irl, .r-.,-.I Z......- t.I, the proceeding calendar year.

N, ._ i / ., I ... -I 1.... compliance by a corporation with
,I ....... Ir ... ii,. . .. F F '7l, 2 .,,. .72..' 74 of this title, and if the Governor
. i r..i.i l,.,' r tl: I.. i. . .... .I ... I.. transacted is proper, legitimate and
",-, .i.l. Il .- ii,...- tli,- I. I ili.. .i,.,il Zone, and not in conflict with the
i,,., .. .. Fnl ,Fam.. ... ii,, 1 , 1 .1 l 7i ... .s an adjunct of the Panama Canal,
I n, ,:. I ...I . .r. ..I,. i.I.. ..... ... the C anal Zone.
7,: s .,.f,,F,.i.l '. '. i ... .2se period.-The right of a corpora-
.., r... i ...r ...i . l ., F . .I...Ii I..Fi ~'~l calendar year, and the successive
. ,I.,d..F '.: ,.- F lF tFi.- ,lnl, F ..i. during which the original license
,. .. .1I hli il l. ..... F,, Fi FI'..l.i I ) Compliance with the provisions
..t F l.. I FJ ii. I i .l.I I t. .....t... I t....... licensed under it;
S2' I' .....,r .,II ,I I I.,, i., t -I : l payable in advance, on January 1

S. '.'. _, .. ... F ', I"'- .'... ..'nt before M arch 1, if the process
.-Fl,-lrt I ": 1. _.l. J ',, i.:r. .i IF I -. -.'i during a preceding calendar year
. I. 1. I ul h I (. ,, Z 1,,.
i'L .77 l t... ..,.', ,t .... .. -TIe Governor may revoke a license
.., -.1 ",, 'FI., t 1., rl., Il ,p ,-, i! IIp.... xam nation, he is satisfied that the
.' i." ". I '..t l. .'. ip.... .11. , ..I.. l.in.ted in an illegal m manner, or in a
in w .. ....,ri i t I.. iul .. .. .. ... r i... l policy of administering the Canal
Z ..' : .1 . .F F .1-1,II ..t. I F ,- P Fi-n., F .,l 1
i, S. 7 ..... ...t I... ,i t a ,it, of limitations.-Corporations doing
.,1.. , 11. ,, r t .i- I.. .1i Z..r,, II Ii i.,l I t. comply with this chapter are not
. lr.r ,l i i. rl.- l ..-i lit .I il I. i ..I ll. Canal Zone lim iting the time for


StC 7': i .,,ll h;. .. r i,F,, ri,:.F,,. .,,!idity of contracts.-(a) A corpora-
rF1, .... lI,, i....i F .. . : ,,,11 Ih. (.. l -.I Z7one without having complied with
tl I l.,,I :1 I l ., 1 i, ... I,, ,l .,,i. Ii n $500 .
1 ,I \\h.. F .- ri ,F. F, -.I. Fi .'... r:. :.r agent for, a corporation which
I.i .... r ,'.,'I hi, i! ..'I l. Fl I.,11 lA .I, '1[ be fined not more than $100 or
S...... I ,,, I F..r h. I. ,. or both.







SLINIVER -r 0 FLORIDA



3 1262 04728 2925

























































N'




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