• TABLE OF CONTENTS
HIDE
 Front Cover
 Title Page
 Main
 Back Cover






Title: Annual report of insurance business transacted in the Canal Zone, including laws concerning licensing of insurance companies during the calendar year
ALL VOLUMES CITATION PDF VIEWER THUMBNAILS PAGE IMAGE ZOOMABLE
Full Citation
STANDARD VIEW MARC VIEW
Permanent Link: http://ufdc.ufl.edu/UF00097362/00003
 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: 1963
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: VID00003
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

Downloads

This item has the following downloads:

PDF ( 1 MBs ) ( PDF )


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
        Page 21
        Page 22
    Back Cover
        Page 23
        Page 24
Full Text









MAY 1P64
ANNUAL R RT

OF

INSURANCE BUSINESS


transacted in the

CANAL ZONE


DURING THE CALENDAR YEAR


1963


Including Laws Concerning Licensing


Of Insurance Companies


____ L~









CANAL ZONE GOVERNMENT


ANNUAL


REPORT


OF


INSURANCE BUSINESS

transacted in the

CANAL ZONE

DURING THE CALENDAR YEAR

1963


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/annualreportofin1963cana









CANAL ZONE GOVERNMENT
OFFICE OF TIE GOVERNOR


BALBOA, HEIGHTS, C.Z. April 1, 1964.


GOVERNOR OF THE CANAL ZONE,
Balboa Heights. C.Z.

Sir: There is submitted herewith a report of insurance business transacted
in the Canal Zone during the calendar year 1963.

Respectfully,
PAUL M. RUNNESTRAND,
Executive Secretary.

The following companies were authorized to transact business in the Canal
Zone during the year 1963:
American International Life Assurance Company of New York-
New York, N.Y.
American Life Insurance Company_ Birmingham, Ala.
American Motorists Insurance Co. Chicago, Ill.
American Surety Company of New York2_ New York, N.Y.
Bankers Life Insurance Company of America - -Dallas, Tex.
Citizen Standard Life Insurance Company3_ Corpus Christi, Tex.
Colonial American Life Insurance Company_ Corpus Christi, Tex.
Colonial Insurance Company'_ Los Angeles, Calif.
Colonial Insurance Company of Panama Panama, R. of P.
Commercial Insurance Company-_---_ Newark, N.J.
Compaiiia General de Seguros, S.A. Panama, R. of P.
Compaiia Interamericana de Scguros, S.A._ Panama, R. of P.
Compafia Internacional de Seguros, S.A._ Panama, R. of P.
Compania Istmefia de Seguros, S.A. Panama, R. of P.
Compania Nacional de Seguros, S.A. Panama, R. of P.
Continental Casualty Company. Chicago, Ill.
Continental Insurance Company_ _New York, N.Y.
Equity Annuity Life Insurance Company Washington, D.C.
Fidelity and Casualty Company of New York_ _New York, N.Y.
Fidelity and Deposit Company-. ___ ------- .... Baltimore, Md.
Fidelity and Guaranty Life Insurance Company6 Baltimore, Md.
Firemen's Insurance Company of Newark .-Newark, N.J.
CGneral Insurance Company of America Seattle, Wash.
Gibraltar Life Insurance Company of America_ _Dallas, Tex.
Hartford Accident and Indemnity Company_ Hartford, Conn.
Illinois Mid-Continent Life Insurance Company Chicago, Ill.
Insurance Company of North America7 _- Philadelphia, Pa.






International Service Insurance Company- Fort Worti 1- .
Liberty Mutual Insurance Company .. Boston. \ I,
Lincoln National Life Insurance Company Fort Wayn... iIl
Maryland Casualty Company Baltimor.. \1.1
Mutual of Omaha Insurance Company Omaha N._~1
National Surety Corporation_ New Yorl. N Y
National Union Fire Insurance Company_ _Pittsbur;h 1 '
Panama Insurance Company Inc. Panama, I. ...! I'
Pan-American Life Insurance Company New Orlea... Li
Royal Indemnity Company_ New Yorl, N
Seaboard Surety Company _New York, N.Y.
Service Life Insurance Company Fort Worth, Tex.
Transamerica Insurance Companys San Francisco, Calif.
Travelers Indemnity Company Hartford, Conn.
United Benefit Life Insurance Company Omaha, Nebr.
United Services Life Insurance Co. Washington, D.C.
United States Fidelity and Guaranty Company_ Baltimore, Md.
United States Life Insurance Company in the City of New York-
New York, N.Y.
1 American International Life Assurance Company of New York licensed in the Canal Zone
August 5, 1963.
2 American Surety Company of New York merged with Transamerica Insurance Company
effective December 31, 1963.
3 Citizens Standard Life Insurance Company licensed in the Canal Zone March 27, 1963.
4 Colonial Insurance Company (of California) discontinued doing business in the Canal Zone
effective July 26, 1963.
5 Companiia Nacional de Segnros, S.A. discontinued doing business in the Canal Zone effective
October 1, 1963.
6 Fidelity and Guaranty Life Insurance Company licensed in the Canal Zone March 6, 1963.
7 Insurance Company of North America licensed in the Canal Zone April 22, 1963.
8 Transamerica Insurance Company licensed in the Canal Zone December 12, 1963.






AMERICAN MOTORISTS INSURANCE COMPANY
(No transactions in Canal Zone during 1963)


AMERICAN SURETY COMPANY OF NEW YORK
Net
Premi umns


Property damage other than auto
Liability other than auto (B.I.)
Fidelity
Surety
Burglary and theft
Total
Premium tax paid in Canal Zone


$1,692.84
1,996.68
631.26
216.00
91.83
$4,658.61
$69.88


COLONIAL INSURANCE COMPANY
(No transactions in Canal Zone during 1963)


COLONIAL INSURANCE COMPANY OF PANAMA


Automobile and motor vehicle
Total
Premium tax paid in Canal Zone


Net
Premiums
$109,478.10
8109,478.10
$1,642.17


COMMERCIAL INSURANCE COMPANY


Auto liability-
Burglary and theft
Workmen's compensation
Liability other than auto
Accident_
Total
Premium tax paid in Canal Zone


Net Losses
Prenmiims Paid
$11,783.97 $607.18
833.76 137.25
109,022.01 40,867.16
-- 0,175.03 235.74
197.25 0.00
$132,012.02 $41,847.33
$1,980.18


COMPANIA GENERAL DE SEGUROS, S.A.
Net
Premiums
Fire ____ $15.00
Auto comprehensive --- .. 75.56
Auto collision __ __ ____318.98
Auto liability (B.I.) __ _398.31
Hospital and medical ___________ 39.11
Auto property damage -_________-____- 290.95
Burglary and theft_ ____________ __ ____ -87.44
Automobile and motor vehicle _____ 80.24


Total ______ __ _...
Premium tax paid in Canal Zone


$1,305.59
$19.58


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


Losses
Paid
$0.00
0.00
0.00
0.00
0.00
$0.00


Losses
Paid
826,005.04
$26,005.04






COMPANIA INTERAMER[I-F N\ I)F rC(.liHO V S \.
*,.. m *
r't,. tail iit ,
Fire -'* -75
Automobile .

Total '.7 1. I
Premium tax paid in Canal Zone 2'.


COMPANIA INTERNACIO(\ L DI:



Fire

Total
Premium tax paid in Canal Zone


Er.LI: U I( b.. ,\.


COMPARIA ISTMER Di' m.I Ic; I. S


for. Irili
\Xorkmen's compensation I ? o i .


I I I ,


Total
Premniu tax paid in Canal Zone.


COMPANIA NATIONAL DL L',LT.iOs S
(No transactions in C ,.l I Z,... 1lir.. !i. l. ',


CONTINENTAL CAU.' \LI (-(11O'\\


Inland marine
Accident
Accident and health-
Hospital and medical expenses
Group accident and health
Liability other than auto (B.I.)
Auto liability (B.1.).
Auto liability (P.D.)
Auto physical damage
Property damage other than auto

Total
Premium tax paid in Canal Zone.


Fire
Extended coverage

Total
Premium tax paid


. t :


2 1l1111
I', ',. 7 2 i ii.

.' I l i i ,i




4 14 -14 11. 1





21 7' .5 7.
J-. al


CONTINENTAL IN'iULI \( L ( (\l' \N'


t',. 'iill,.'i'g


in Cal Zone 'II


in Canal Zone ---------


I,,,,,.


'.1 "'I
II ii

~111111


I-,"
1'1.11.1


L .

I',h ll

'il1 III


IIlIIII
I~I II I
/-. liii .






I III) I .I l) ( \ L'\ .1n ( C-oIP,\N or NE\ o)I1k
(No transactions in Canal Zone during 1963)


FIDELITY AND DEPOSIT COMPANY
Net
Premiums
" .r. r . .. (cr.) $41.39
S..,I (cr.) $41.39
I'.I.iI.ii, i i. paid in Canal Zone $0.00

FIREMAN'S INSURANCE COMPANY OF NEWARK
Net
Premiums
Ia $... $16,852.41
. I.,....... . ind motor vehicle. 149,774.15
,.. II .... . . .26.29
T..- ,I $166,652.85
I r.....i..1 1 i paid in Canal Zone $2,499.79


Losses
Paid
$0.00
80.00


Losses
Paid
$39.00
64,878.23
0.00
$64,967.23


GENERAL INSURANCE COMPANY OF AMERICA
(No transactions in Canal Zone during 1963)

II.ARTFORD ACCIDENT AND INDEMNITY COMPANY


I ... ,r .1I ,iage other than auto
NI. r . _ _ _
\ ..rli rnii'. mpensation
I.i i,,l... ,F..li.:r than auto
\.r Ii ,hil.. (P.D .)
ir..i- ,i ( B.I.) Zone
T,.l..l - _
!'l,.n i'lm ii I paid in Canal Zone


S .r. i I..


Net
Premiums
$19.60
44.00
59.00
--- 595.88
36.00
73.40
8827.88
$12:42


INSURANCE COMPANY OF NORTH AMERICA
Net
Premiums
$6,148.38
S$6,148.33
)aid in Canal Zone_ $92.23


INTERNATIONAL SERVICE INSURANCE COMPANY


.\,,r.. li Lb.I.r. (B.I.)
.\ r, I',. !:-.n I damage-
,\.' .. plin *.. I1 dam age
L..l..I.iI... ..ler than auto
T.-. ,1-_ ___ _
PIr. ,inm In paid in Canal Zone


Net
Premiums
$10,212.61
5,102.03
32,373.09
45.00
$47,732.73
$715.99


Losses
Paid
$0.00
0.00
0.00
0.00
0.00
0.00
$0.00




Losses
Paid
$0.00
$0.00


Losses
Paid
$2,591.70
5,037.59
7,420.75
0.00
$15,050.04






THE LIBERTY MUTUAL INSURANCE (-)IF \\1


1 ,. ll l ll

Health and accident 3.. I
Croup accident and health ',.1111
Workmen's compensation I! '. .
Auto physical damage I iIl

Total _.. ____ ,
Premium tax paid in Canal Zone_ _- _____3."




MARYLAND CASUALTY COMFPAX


Hospital
Accident _
Health _____
Croup accident and health _
Auto liability _
Liability other than auto_
Fidelity
Surety_
Class_
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.


.J I. r Lt,
]',,. 0,,i ,,. '. ,i


..3 5'., -. d 4"
- ._- _ '1
_ _ _ 1111i


7 '1 11
* 7 iii,
I l I lll





II .1 l 7 11 ,
I 1_ l I 4
-- ,II ".-. I 4-1 %





1 --' 2 .-. ,-".




_:.,' 1 7 "'


MUTUAL OF OMAHA INSURANCE CO(MI'N\


Croup accident and health
Accident
Health and accident_.
Hospital and medical

Total_ -
Premium tax paid in Canal Zone.


'i i ,. I Il i'Il



._ _' I I ". 4 7 .
~._-. 'i .: n

1 1.- - - -'l'.". 4'

'17 1, ,,


1... *.


.I. I I I
1 ,, 2



7,'' -.772"


NATIONAL SURETY CORPORATION
(No transactions in Canal Zone during I'l.',


L....
1, .11



'. i I I I
"'' "'






NATIONAL UNION FIRE INSURANCE COMPANY


Fire_
Automobile and motor vehicle
Miscellaneous
Total
Premium tax paid in Canal Zone


Net Losses
Premiums Paid
$14,531.25 80.00
22,586.28 10,570.14
1,524.56 0.00
$38,692.09 810,570.14
$580.38


PANAMA INSURANCE COMPANY


Fire
Workmen's compensation.
Liability other than auto
Surety _
Automobile
Total
Premium tax paid in Canal Zone


Net
Premiums
$2,970.12
64,395.74
10,209.89
14,090.02
4,795.26
$96,461.03
$1,446.92


Losses
Paid
80.00
47,062.74
2,807.65
1,172.56
1,696.50
$52,739.45


ROYAL INDEMNITY COMPANY


Auto property damage
Burglary and theft.
Auto liability (B.I.)
Surety_ _
Total
Premium tax paid in Canal Zone


Net
Premiulms
$0.00
21.75
0.00
41,608.91
$41,630.66
$624.46


Losses
Paid
$1,016.70
0.00
235.00
0.00
$1,251.70


SEABOARD SURETY COMPANY


Surety_ -
Total
Premium tax paid in Canal Zone


Net
Premiums
$1,594.00
$1,594.00
$23.91


Losses
Paid
$0.00
$0.00


TRANSAMERICA INSURANCE COMPANY
(No transactions in Canal Zone during 1963)


TRAVELERS INDEMNITY COMPANY


Surety .
Auto physical damage_ _
Total ._-____ -
Premium tax paid in Canal Zone


Net
Premiums
---- $8,666.92
0.00
--..- $8,666.92
$130.00


Losses
Paid
$0.00
131.14
$131.14






UNITED STATES FIDELITY AND



Extended coverage -_ ...
Auto collision
Fire _
Inland marine
Accident
Workmen's compensation
Liability other than auto (B.I.)
Auto liability (B.I.)_ _
Auto property damage ..
Auto physical damage
Property damage other than anto_
Fidelity
Surety
Burglary and theft
Glass
Total -
Premium tax paid in Canal Zone_


GUARANTY COMP\ I
Net L..
Premium; F, i..
S $44.21 I n111
27,899.9, 7 7'
5,459.14 .
1,111.6E 4 1,1
-49.5, 2. 2
23,748.5-1 I.
3,190.4- I.-. 1ii
32,415.-I I 1:
17,085.( I i,, r.-
S 18,284.C l 1
1,078.I 2'' I
3,775. 2 i7
16,711.; 7 ,.. -* i .II.I
5,595.3S 7 :.
.... 69.EH ..
$156,520.67 I. 1.111 i. .
$2,347.1 t


AMERICAN INTERNATIONAL LIFE ASSURANCE COIMI'.N1
OF NEW YORK
(No transactions in Canal Zone during 1963)



AMERICAN LIFE INSURANCE COMPANY

ORDINARY


Number
85
2


Policies in force December 31, 1962.
Policies issued during 1963

Total
Ceased to be in force during 1963
Policies in force December 31, 1963.
Losses and claims:
Unpaid December 31, 1962
Incurred during 1963.
Total _
Settled during 1963_
Unpaid December 31, 1963_


87 : .i .1 24 1111
64 -I.4 4 "
23


0

1


0


GRoup-None

Net premiums collected in Canal Zone during 1963:
Life Insurance .
Accident and Health -__ ._. -.
Total
Premium tax paid in Canal Zone .___ _


.4',' 21111II
2' ; ,IIin


SI I I I


-I I I II II I
4 ''


I '..1 I
'0"






IB \KII- LIFE INSURANCE COMPANY OF AMERICA

ORDINARY


N


rl'.,i. .: ,,, I,-..:- D,-. .ember 31, 1962_
Iv.h. i .. ....i .l,,rii 1963 __
-I.r ii 1963 --
T .,r ,l .. .
C- i r. ,, I.. i., ,r.. during 1963_
'.,I,. .., .. I,.r.... DE)...: m ber 31, 1963

1 i' .,,I l .. nier 31, 1962_
II.. irr. l i.Ir. 1963
Total
Settled during 1963
Unpaid December 31, 1963


iu ber


Amount


1 85,000.00
1,475 6,464,820.00
1,476 $6,469,820.00
266 1,197,013.00
1,210 $5,272,807.00


0
1
1
1
0


GRouP-None

Net premiums collected in Canal Zone during 1963:
Life Insurance- -_---. -
Accident and Health _ _ _
Total_ _ -
Premium tax paid in Canal Zone -


$0.00
1,000.00
$1,000.00
1,000.00
$0.00


$59,912.45
0.00
$59,912.45
$898.69


CITIZENS STANDARD LIFE INSURANCE COMPANY

ORDINARY
Number Amount


r..i,.ies in force December 31, 1962_
I.-.l:ies issued during 1963_ _
Total
C-.,ied to be in force during 1963 -
I'.hI,. ies in force December 31, 1963..
L.- ,es and claims:
Unpaid December 31, 1962- -_
Incurred during 1963-
Total __ ___
Settled during 1963 --___---
Unpaid December 31, 1963 __.


0 $0.00
2,397 7,827,827.00
2,397 $7,827,827.00
993 2,893,447.00
1,404 $4,934,380.00

0 $0.00
2 4,041.00
2 $4,041.00
1 1,541.00
1 $2,500.00


GnouP-None
S. I premiums collected in Canal Zone during 1963:
Life Insurance --___--- ______-
Accident and Health -______
Total _--____-______
'r..inium tax paid in Canal Zone- -


$48,302.98
0.00
$48,302.98
$724.54









Policies in
Policies iss
Tol
Ceased to
Policies in


COLONIAL AMERICAN LIFE INSURANCE COMPANY
OnHIINAln Number /
force December 31, 1962 76 $
ued during 1963 692 2,
tal _ _____ 768 $2,'
be in force during 1963_ 89
fnrcr Deeemb.'r 31 1963 679 $2:


Losses and claims:
Unpaid December 31, 1962
Incurred during 1963
Total
Settled during 1963
Unpaid December 31, 1963
GR()UP
Policies in force December 31, 1962
Policies issued during 1963
Total
Ceased to be in force during 1963
Policies in force December 31, 1963
Losses and claims:
Unpaid December 31, 1962__
Incurred during 1963.


TotaL _--__- -
Settled during 1963
Unpaid December 31, 1963
Net premiums collected in Canal Zone during 1963:
Life Insurance __
Accident and Health .
Total _
Premium tax paid in Canal Zone -


EQUITY ANNUITY LIFE INSURANCE
ORDINARY
Policies in force December 31, 1962
Policies issued during 1963
Total _
Ceased to be in force during 1963
Policies in force December 31, 1963
Losses and claims:
Unpaid December 31, 1962
Incurred during 1963
Total_.
Settled during 1963_
Unpaid December 31, 1963_
GnouP-None
Net premiums collected in Canal Zone during 1963:
Life Insurance __
Accident and Health
Total_
Premium tax paid in Canal Zone


0
3
3
3
0

Number
3
0
3
2
1


14
20
34
34
0


COMPANY
Number
18
0
18
2
16


rinol l
442,-i'1-1 ni
330,'4 ., i I
773.4- i
499,' P.ini
273.7? 11


.- I



Amomo
$409, .' 111
23.1 II
$432,400.00
415,400.00
$17,000.00

$1,450.00
2,150.00

3,600.00
3,600.00
$0.00


$61,391.08
9,851.36
$71,242.44
$1,068.64


Amount
$18,000.00
0.00
$18,000.00
2,000.00
$16,000.00


0 $0.00
0 0.00
0 $0.00
0 0.00
0 $0.00



S_ $5,518.97
0.00
$5,518.97
S $82.78






FIDELITY AND GUARANTY LIFE INSURANCE COMPANY
ORDINARY


Policies in force December 31, 1962.
Policies issued during 1963
Total
Ceased to be in force during 1963
Policies in force December 31, 1963
Losses and claims:
Unpaid December 31, 1962
Incurred during 1963
Total _
Settled during 1963
Unpaid December 31, 1963_

GRouP-None

Net premiums collected in Canal Zone during 1963:
Life Insurance_ _
Accident and Health
Total


Number
0
59
59
2
57

0
0
0
0


Amount
$0.00
363,020.00
$363,020.00
13,439.00
$349,581.00

$0.00
0.00
$0.00
0.00
$0.00


$2,326.40
0.00
$2,326.40


Premium tax paid in Canal Zone $





THE GIBRALTAR LIFE INSURANCE COMPANY OF AMERICA


ORDINARY


Policies in force December 31, 1962
Policies issued during 1963
Total
Ceased to be in force during 1963
Policies in force December 31, 1963
Losses and claims:
Unpaid December 31, 1962_
Incurred during 1963
Total
Settled during 1963
Unpaid December 31, 1963

GnouP-None

Net premiums collected in Canal Zone during 1963:
Life Insurance _
Accident and Health -_
Total
Premium tax paid in Canal Zone


Number
1,163
779
S1,942
171
1,771


0
0


34.90


Amount
$5,329,917.00
4,252,000.00
$9,581,917.00
1,004,159.00
$8,577,758.00


$0.00
0.00
80.00
0.00
$0.00


$189,884.51
20.00
$189,904.51
$2,848.57






ILLINOIS MID-CONTINENT LIFE INSURANCE COMPANY


ORDINARY


Policies in force December 31, 1962_ __
Policies issued during 1963 -.
Total
Ceased to be in force during 1963
Policies in force December 31, 1963
Losses and claims:
Unpaid December 31, 1962
Incurred during 1963
Total
Settled during 1963
Unpaid December 31, 1963


CRouP-None

Net premiums collected in Canal Zone during 1963:
Life Insurance _
Accident and Health
Total
Premium tax paid in Canal Zone-....


Number
0
S 1
1
0
1

0
0
0
0

0


A i. ll iii

$1 l 1 1 111
1.1 II II I IIII





$ i iii i

I I I III
1$ 1 111

II lli l

$0.00


8207.00
0.00
$207.00
$3.11





I INCOLLN NATIONAL LIFE INSURANCE COMPANY

ORDINARY


l'.:.1,.. .. ,,, I. ..... D ecember 31, 1962_ _
I'I,.: :,,. i....,- I. .u.ming 1963 -
F .,! ,I -
- ,.-.1 I.:. I, I, ,rce during 1963
1 ..1.:,... ,1, I.:..... December 31, 1963_ _

i.i II ,,, I...:...nber 31, 1962
Incurred durmg 1963_
Total _
Settled during 1963_
Unpaid December 31, 1963_

GROUP


Policies in force December 31, 1962
Policies issued during 1963
Total -..
Ceased to be in force during 1963_ -
Policies in force December 31, 1963_
Losses and claims:
Unpaid December 31, 1962-- -
Incurred during 1963


Number
1,652
193
1,845
518
1,327

0
1
1
1
0



Number
3
0
3
0
3

0
0


Total _----- .
Settled during 1963 ._
Unpaid December 31, 1963
Net premiums collected in Canal Zone during 1963:
Life Insurance -____---__-
Accident and Health _____ _
Total_---------
Premium tax paid in Canal Zone_ _______ ---


Amount
$9,930,509.00
1,493,863.00
$11,424,372.00
3,002,786.00
$8,421,586.00

$0.00
2,000.00
$2,000.00
2,000.00
$0.00



Amount
$261,588.00
3,686.00
$265,274.00
(3,172.00)
$268,446.00

$0.00
0.00
$0.00
0.00
$0.00


$119,812.60
2,652.42
$122,465.02
$1,836.98






PAN-AMERICAN LIFE INSURANCE COMPANY


ORDINARY


Policies in force December 31, 1962
Policies issued during 1963
Total
Ceased to be in force during 1963_
Policies in force December 31, 1963
Losses and claims:
Unpaid December 31, 1962
Incurred during 1963-
Total_
Settled during 1963
Unpaid December 31, 1963


CnouP-None

Net premiums collected in Canal Zone during 1963:
Life Insurance -
Accident and Health
Total- - -
Premium tax paid in Canal Zone __---------


NiImber Am.'ai
220 $1,49:. 1, n
16 12' IN ma
236 $1,62 7 ,ii
15 15 9;.,
221 $1,4911 112-' i


0
0
- -- 0
0
0


$0.00
0.00
$0.00


$24,447.09
0.00
$24,447.09
$366.71


THE SERVICE LIFE INSURANCE COMPANY

ORDINARY


Policies in force December 31, 1962
Policies issued during 1963
Total_ --- -
Ceased to be in force during 1963
Policies in force December 31, 1963_
Losses and claims:
Unpaid December 31, 1962
Incurred during 1963 ..-
Total
Settled during 1963_
Unpaid December 31, 1963


Number Amount
12 $27,818.00
0 0.00
12 $27,818.00
1 2,000.00
11 $25,818.00

0 $0.00
0 0.00
0 $0.00
0 0.00
0 $0.00


GRoUP-None

Net premiums collected in Canal Zone during 1963:
Life Insurance -
Accident and Health --- ---
Total .
Premium tax paid in Canal Zone _-----


$2,113.05
0.00
$2,113.05
$31.70






L\I1EI) HL\f~I-FII I.Ir INSURANCE
( Ir i-i' r.






(_- , ,,I , I ..1 .: lr ,li 1 '". '.
I . ....


i,. ... ... I r,,,,,,, _
i,. I l
.... ,,, .. ...t[ii... ,,l. 1



'. I, .. .. .. ,. 1 I ... _- I .












T..r I - - - -
* ..: r.. I .. ... ..: .. 19 63 :


I. V. ,. ,,,,I I ,, r,.: l l
I *


I.. ... ..r .I .I .1.,,,,... ...




T .. r I



"., r[,I .. I,-,,i, -. ] '. .

I ',.: l,, r ,, ,d .. .. :I I '.

A ,i.... i ,,,,I H ,hi,


COMPANY
Number
421
452
873
97
776

0
5
5
5
0

Number
1 $'
1
2 S'
0
2 $

3
50
53
50
3


IFE INSURANCE COMPANY
1 ii'" iY iNumtlber
114
23
137
1
136 .


Amount
$2,908,210.00
899,882.00
$3,808,092.00
692,925.00
$3,115,167.00

$0.00
16,048.91
$16,048.91
16,048.91
$0.00

Amount
45,722,500.00
25,129,500.00
70,852,000.00
214,500.00
70,637,500.00

$4,500.00
229,000.00
$233,500.00
220,500.00
$13,000.00

$279,109.00
5,141.70
$284,250.70
$4,263.76


Amount
$855,500.00
341,563.00
1,197,063.00
1,000.00
'1,196,063.00


0 $0.00
0 0.00
0 $0.00
0 0.00
0 $0.00


(-.I .i. r-None
r. r i.-i .,,, ., ,,11-. .i.t .l ,,r ,-,r l Z.., ,. lir.ing 1963:
I l i- : ,I ...." .r
\.. ,.,,r ,,, H ih .
I ..t I..


$15,858.53
0.00
- 15,858.5,
$237.88


UNITED EliI\'CLS L

1.11

. i.. ,I ,. .i, ,- i,,*r I I "




i-.1 . ii- .. ... 1i L > .. .... 1.i- :. .
I D ,



L ',h 'r III I I -. ...



l.in l. ,,.i l),..,. A.. .. 1 ..






UNITED STATES LIFE INSURANCE CO\IPANY


ORDINARY


Policies in force December 31. 1962
Policies issued during 1963

Total ..
Ceased to be in force during 1963

Policies in force December 31, 1963
Losses and claims:
Unpaid December 31, 1962
Incurred during 1963

Total _
Settled during 1963

Unpaid December 31, 1963

GROUP


Policies in force December 31, 1962
Policies issued during 1963

Total
Ceased to be in force during 1963

Policies in force December 31, 1963
Losses and claims:
Unpaid December 31, 1962
Incurred during 1963 _

Total -
Settled during 1963 ---

Unpaid December 31, 1963

Net premiums collected in Canal Zone during 1963:
Life Insurance - - -
Accident and Health ___

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


('l. Pt/',. r
.1



3





-1 I

I I
II
I



II
[I









'

II
-1







I I


1 I ,1 l.nt

i':. .324






'111 1

111111
1111111

I I I II I


S l.'II l










\ 111111
*.2 4.- I -4 .3 L






1 1. 111

1.1 tI .l
12 4 L ni.
-I I I. iI' I1.










S-' 4 f ,






hIEC \PITUL.I'ION



'II( lLL.\\L(Ol S COf)MI' l\I1F


;ili., ,.I,'-Ii!, 'I III II.
~, I ..... ii ,i .


I I ... i.. .. . ,I .1 .






- III. .
\ ,I .. .I l ,. .i ,,,l r ,..
I ,,.. I .. I .. .. , ._l









I-... I .. . h
L .I rI. .





A l .. I ,, ,.
.Ii ,,I, ..rh ,r 1, ,, I ,

li I .....ii







I',. ,. ,,, .. -1 t ., I ii . .


.'" IM. .





I I
.111 1





1 '1', .1








2 "."
,' I I ._ .

I 2 7I


I, II 'I II








'I 7. I I '-

II,447 III I
SIt_, ,


2 .


1 1 1 -
I I II









1 ''.-,' '




-lI*.
1,, I '-I II


I I I_





: 1 1 1 '- 4 I


1.11T IN,;.R \%N( E (O\ll'A.Nl

( i I III 1I '.


. ., I i





I h. l l .. l .. _, i l I






.: ,,i. ,, I ) ]-,. r :;I l 'i '.


.\ 'itt '.




-. .1'1 I
75 i>


,i' IlI IIll




I I i'' f
.I .- .
''.' .I ''- I "


II jlllIll
i -'


1 11 11 i 1i

1 -2 :11arliii





GRouP


Policies in force December 31, 1962
Policies issued during 1963
Total
Ceased to be in force during 1963
Policies in force December 31, 1963
Losses and claims:
Unpaid December 31, 1962
Incurred during 1963_
Total
Settled during 1963
Unpaid December 31, 1963

Net premiums collected in Canal Zone during 1963:
Life Insurance
Accident and Health
Total -
Premium tax paid in Canal Zone


Number .\,,..i,it
11 $4S7.N "A. I1i
1 .'1 .44-1-1 '.
12 $ .' r, 7 17 II
2 $ ` -' 7 t- I
10 $7 : 1 .-147 tl

17 1 *-\- 1 1 i
70 -' :A; I II II itI
70 I. ,
87 -.7 I.iiiinin

3 *: I 111111 lIII


; ;.. :il 1 I
I 41- n i t .

: l7 '1.1


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,
1963:


Panama Canal Company_
Canal Zone Government
Other U.S. Government
U.S. Armed Forces
Ships in Canal waters
Private property other than above
Total
'Complete figures unavailable.


Value of
property
involved
$13,016,355.20
3,219,323.79
0.00
14,228,422.37
12,321,275.000
1,299,571.38
844,084,947.74


Amount of
damage
by fire
$5,785.56
60.00
0.00
5,107.21
6,460.00'
8,282.00
825,694.77


The following is an extract from Title 2 of the Canal Zone Code, as revised
effective January 2, 1963, pertaining to the licensing of foreign corporation;
under which insurance companies are authorized to do business in th..
Canal Zone.

CANAL ZONE CODE-Title 2, Chapter 61

SEC. 871. Corporation; joint stock conmpany.-As used in this chapter
"corporation" includes joint stock companies.
SEC. 872. Application for license to do business; service of process
filing fee.-(a) A corporation organized under the laws of a State of th,.-
United States or of a foreign country may not do business in the Canal Zon,





or maintain an office therein until it has filed with the executive secretary of
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 desires to
engage in the Canal Zone;
(2) A copy, duly certified by the officer authorized by law' to certify
it, of the:
A. Articles of incorporation;
B. Charter; or
C. Statutory, executive, or governmental acts creating the
corporation, when it has been so created;
(3) An affidavit sworn by an authorized officer of the corporation
stating the amount of its authorized capital stock at or within 60 days
prior to the filing.
(4) A designation of a person residing within the Canal Zone upon
whom process issued under any law of the Canal Zone may be served,
and his place of business or residence, and a certified copy of the minutes
of the board of directors of the corporation authorizing the designation.
(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 or
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 in
trust by the executive secretary for the account of the company, to satisfy





any judgment that may be rendered against the company. I,. il..t iMni ,.ii
policies that it may issue.
SEC. 874. Annual stal element and license tax for insurcr, .. .. *f*g',i"i -
An insurance company licensed pursuant to this chapter sl, ll 11 .. l. I 1I.
executive secretary of the Canal Zone Government before \1 I,... I ..t ,. 1.I
year a verified statement showing the business transacted .irl.i i, t. C.11iil
Zone by the company during the previous calendar year and I .1i1, II, .I
copy of its annual report to an authorized official of the St f ... 1,...... 111
which the company is organized. Upon a showing of goc.l .....i.. rl......t.
the executive secretary may extend the time for filing th,- .r.,t,:,.,...l t...,
period not exceeding two months after March 1.
An insurance company licensed pursuant to this chapter 'lii1i 1':I..l.
March 1 of each year, in lieu of all other taxes except the an~I il I I .'tI, l. .1I
for by section 876 of this title, a license tax equal to 1' I.-" '.-it it ir, ,.i
premium receipts in the Canal Zone for the proceeding cal:r .... 1 ..c.,,

SEC. 875. Issuance of license.-Upon compliance by a ..i I|..'.ii,. l.
the conditions prescribed by sections 872-874 of this title, a II ,! rl., (,, ......,
is satisfied that the business desired to be transacted is prop', !.. i i ir. ...i..
permissible under the laws of the Canal Zone, and not in .:i ]li.:l tl. !,
policy of administering the Canal Zone as an adjunct of tih P.,.i.... i I.l
he may issue a license to do business in the Canal Zone.

SEC. 876. Continuance after first license period.-The l, i'r .f. ...r. I-
tion to continue to do business for the calendar year, arn .I Ih-i 'I.:.::
calendar years, after the calendar year during which th .i., .. i
was issued, shall be contingent upon: (1) Compliance wul, II.. ... ,i.,',
of this chapter applicable to corporations licensed under it
(2) Payment of a license fee of $10, payable in advan.r ..11 1.111',1. I
of each year; and
(3) Designation of a new process agent before March 1. II iI- ':'
agent previously designated has ceased during a precediI.: .lI,.II 1 I. I
to reside within the Canal Zone.
SEC. 877. Revocation of license.--The Governor may .. -... Il.i,,,I
issued pursuant to this chapter if, upon examination, he is iiri..h.I rl. ri t..
operations of the corporation are conducted in an illegal ii...II.' .."i 11 .1
manner contrary to public policy or to the policy of admin:i;.,- ,i iI.- (I ,,i i
Zone as an adjunct of the Panama Canal.
SEC. 878. Loss of benefit of statute of limitations.-C !..!..,t..i,,, .i..,,' .
business in the Canal Zone which fail to comply with thi' hl .- l,- I r.it
entitled to the benefit of the laws of the Canal Zone lim:rnii4 H1r. ril,, I.1-
the commencement of civil actions.
SEC. 879. Penalties for violation; validity of contracts.-i .\ ......
tion which does business in the Canal Zone without haviti, .... r l.l~ it l
this chapter shall be fined not more than $500.
(b) Whoever acts as an officer of, or agent for, a ce.t'... Ii.,l. hi I,...,I
has not complied with this chapter, shall be fined not min 11i..i i liit1 1.
imprisoned in jail not more than 30 days, or both.





i.. I I. I ...... ir ...t I...I L, 1, .' on behalf of such a corporation affecting
tl, I d I.Iit 1l._.,..-..1 .,' i,.1.lh1111 i... property within the Canal Zone is void
1.1, 11 In, li lt ., 1.l I A.1 I.-I Ill .. I it i.igns, but is enforceable against it or them .
s'. ii C, .,'i'.., '-,'' ... i,, g in securities.-A corporation licensed
.ii'''' 'ii t r'I Cli.q.i't 7':i .t ri. ; tItl is not required to comply with sections
H.1. Ci7' ,,f t111 ltlL

SL l Si .,.. ,l.I .... '... i, ,e to do business.-(a) A corporation
II. .i. .. I.. I .1.. I, i., ,L i, li C'.i.i il Zone may surrender its license by filing
I.,i. rIe .. ..iti. ,. .....i a, .1 rite Canal Zone Government a certificate
.i li..l I. l .,.: i 1... I. .1c I I, t- I .i.sident or a vice president and its secretary
,.I i,, .., t H. ,i .i -' t ,- r, setting forth:
1 T'i, ilir' .f tII- 'i... .oration as shown on the records of the
.. ..... il ,. ..lH. ', I .I.I tl,, state or place of incorporation;
I I t it i ..... j-I i nation of agent for the service of process;
I I1 t i ',i ,,, I1. I i. iuthoritv to do business in the Canal Zone
.i',I returns its license for cancellation, or that the license has been
I ..- .,I destroyed, if such is the fact;
-I That it consents that process against it in any action upon a
1 I.ItI y or obligation incurred within the Canal Zone prior to the filing
.,1 tI,- certificate of surrender may be served upon the executive secretary
t.I Il, Canal Zone Government;
i' A post office address to which the executive secretary may mail
.''I .' of any process served upon him, which address may be changed
fi .i.,, time to time by filing a certificate entitled "certificate of change of
.lii .l,,s of surrendered foreign corporation" signed and acknowledged
bI, tIe president, a vice president, secretary, assistant secretary, or
I ,-.i i- rer.
11 1 TI, license shall be attached to the certificate of surrender unless the
I.,.. ii,- I, I been lost or destroyed, in which case there shall be attached an
i, l..1, I ..I the president, vice president, secretary, assistant secretary, or
tl,.. -ii r.. that effect.
I. N --.re retirement from doing business in the Canal Zone without filing
. H..: it -it. of surrender of license does not revoke the appointment of any
.~,L~Ii II i he service of process within the Canal Zone.
'LSi: '2. Service of process after revocation or surrender of license.-
f \i the license of a corporation has been revoked or surrendered,
!".-"-....4 tinst the corporation may be served upon the executive secretary
'.4 rl,.- I ,,,al Zone Government in any action upon a liability or obligation
i i.....ii.i .. within the Canal Zone prior to the revocation or the filing of the
.,_ fii.. Itr- .f surrender.
i l.. ....tion 872(b) of this title applies to service of process upon the
...H.* 1'1H i: secretaryy pursuant to this section.
I 1. I I I..- revocation or surrender of a license does not affect any action
li,. lii'.'. it the time.



4940-500







UIII'.'ER'TrY 'FFI.ORIC



3 1262 04728 2917
'~ ~ J*.




14




University of Florida Home Page
© 2004 - 2010 University of Florida George A. Smathers Libraries.
All rights reserved.

Acceptable Use, Copyright, and Disclaimer Statement
Last updated October 10, 2010 - - mvs