• 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/UF00097362/00012
 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: 1973
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: VID00012
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
        Page 23
        Page 24
        Page 25
        Page 26
    Back Cover
        Page 27
        Page 28
Full Text
C-719 :C73























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


http://www.archive.org/details/annualreportofinl973cana






CANAL ZONE GOVERNMENT


ANNUAL


REPORT


INSURANCE BUSINESS

transacted in the

CANAL ZONE

DURING THE CALENDAR YEAR

1973


Including Laws Concerning Licensing


Of Insurance Companies














CANAL ZONE GOVERNMENT
OFFICE OF THE GOVERNOR

BALBOA HEIGHTS, May 1, 1974.

GovERNOR OF TIE CANAL ZONE,
Balboa Heights, C.Z.

Si: There is submitted herewith a report of insurance business
transacted in the Canal Zone during the calendar year 1973.


Respectfully,


J. PATRICK CONLEY,
Executive Secretary.


The following companies were authorized to transact business in the


Canal Zone during the year 1973.
Aetna Casualty and Surety Company --__
American-Amicable Life Insurance Company_
American Capitol Insurance Company _--
American Continental Life Insurance _-
American Defender Life Insurance Company'-
American Employers' Insurance Company__
American Home Assurance Company -----_


-____Hartford, Conn.
--Birmingham, Ala.
Houston, Tex.
__Phoenix, Ariz.
..--._ Raleigh, N.C.
-- Boston, Mass.
-.New York, N.Y.


American International Life Assurance Company of New York-
New York, N.Y.
American Motorists Insurance Co._ _-----------Chicago, Ill.
Atlantic Southern Insurance Co. of Puerto Rico---__- San Juan, P.R.
Bankers Life Insurance Company of America ___ Dallas, Tex.
Beneficial National Life Insurance Company ----- New York, N.Y.
Citizens Standard Life Insurance Company --_- Corpus Christi, Tex.
Colonial Insurance Company of Panama ---------_ Panama, R. of P.
lAmerican Defender Life Insurance Company licensed to do business in the Canal Zone July 3,
1973.





Compafiia General de Seguros, S.A.__----------__ Panama, R. of P.
Compafiia Interamericana de Seguros, S.A.-------- Panama, R. of P.
Compailia Internacional de Seguros, S.A.___________Panama, R. of P.
Compania Istmefia de Seguros, S.A._ -___________ Panama, R. of P.
Compaiiia Nacional de Seguros, S.A._ _____________ Panama, R. of P.
Continental Casualty Company _______________ Chicago, Ill.
Continental Insurance Company __________________New York, N.Y.
Executive Fund Life Insurance Co.-------_---------Omaha, Nebr.
Fidelity and Casualty Company of New York___------New York, N.Y.
Fidelity and Deposit Company______________ _____Baltimore, Md.
Fidelity and Guaranty Life Insurance Company _- Baltimore, Md.
General Insurance Company of America___ _________Seattle, Wash.
Gibraltar Life Insurance Company of America __________Dallas, Tex.
Great American Insurance Company -------------New York, N.Y.
Hartford Accident and Indemnity Company ------ Hartford, Conn.
Insurance Company of North America---_ -- Philadelphia, Pa.
International Service Insurance Company ----- Fort Worth, Tex.
Jackson National Life Insurance Company_ --- Jackson, Mich.
Liberty Mutual Insurance Company --_ Boston, Mass.
Lincoln National Life Insurance Company_____--- Fort Wayne, Ind.
Maryland Casualty Company -- ----------- Baltimore, Md.
Mutual of Omaha Insurance Company _____------- Omaha, Nebr.
National Surety Corporation ------___------ Chicago, Ill.
National Union Fire Insurance Company -- _Pittsburgh, Pa.
Panama Insurance Company, Inc._------------ -Panama, R. of P.
Pan-American Life Insurance Company ------- New Orleans, La.
Peninsular Life Insurance Company ------- Jacksonville, Fla.
Reliance Insurance Company __---- ------ Philadelphia, Pa.
Royal Indemnity Company -------------New York, N.Y.
Seabord Surety Company-------------------New York, N.Y.
Transamerica Insurance Company__ -------Los Angeles, 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.
Wabash Life Insurance Co. _--- ---_____-- _Indianapolis, Ind.
World Service Life Insurance Company--____------Fort Worth, Tex.













AETNA CASUALTY AND SURETY COMPANY
(No transactions in Canal Zone during 1973)



AMERICAN EMPLOYERS' INSURANCE COMPANY
(No transactions in Canal Zone during 1973)



AMERICAN HOME ASSURANCE COMPANY
Net Losses
Premiums Paid
Fire--------------------------------- $23,531.82 $312.60
Motor Vehicle ------------ --------- 339,475.15 146,554.12
Workmen's compensation_--------------- 152,097.96 55,779.91
Miscellaneous ---------------- ---- 59,872.26 3,675.79
Total--------------- -- ---- $574,977.19 $206,322.42
Premium tax paid in Canal Zone ------------------ $8,624.66



AMERICAN MOTORISTS INSURANCE COMPANY
(No transactions in Canal Zone during 1973)



COLONIAL INSURANCE COMPANY OF PANAMA
Net Losses
Premiums Paid
Liability other than auto (B.I.)------- --- $426.00 $63.50
Auto liability (B.I.)---_ ------------------ 54,482.64 10,072.97
Auto property damage- --- ---------- 31,795.55 26,064.44
Automobile and motor vehicle_ -------- 16,993.74 3,573.64
Auto comprehensive ------------------------ 7,549.00 2,945.81
Auto collision__----------------- 40,903.36 18,892.61
Fire--- --------------------------- 1,956.58 0.00
Burglary and theft _----------_-- --- --- 1,034.19 441.35
Miscellaneous-------- ------------ 1,262.92 742.20
Surety-------------------------------- 146.25 0.00
Total--------------------------- $156,550.23 $62,796.52
Premium tax paid in Canal Zone_-------------- $2,348.25










Miscellaneous*_-
Total _-
Premium tax pai


COMPANIA GENERAL DE SEGUROS, S.A.
Net
Premiums
__ ---------- $12,029.60
------------------ $12,029.60
d in Canal Zone -- ---------- $180.45


COMPARIA INTERAMERICANA DE SEGUROS, S.A.
Net
Premiums
Automobile_ _-------------- -- ----- $1,244.90
Fire __---------------------- ____ 2,901.40
Miscellaneous_ __- __-----. --..--- ------- ------ 18,895.68
Workmen's compensation----------------------- 33,324.80
Total ----------------------------- $56,366.78
Premium taxpaid in Canal Zone ---- ------ $845.57


COMPANIA INTERNATIONAL DE SEGUROS, S.A.
Net
Premiums
Fire ------ _---------- ----------- $2,758.00
Surety ----------- ------------ -15,118.00
Automobile------- ------------------------ 10,650.00
Total----------------------- $28,526.00
Premium tax paid in Canal Zone --------- $427.89


COMPANIA ISTMENA DE SEGUROS, S.A.
(No transactions in Canal Zone during 1973)


COMPANIA NATIONAL DE SEGUROS, S.A.
(No transactions in Canal Zone during 1973)


CONTINENTAL CASUALTY COMPANY
Net
Premiums
Auto liability -_ -._-------------- $2,852.00
Auto physical damage __------------- 164.00
Group accident and health --- -..-.. ....------- 7,225.48
Health and accident -- ---------------- 593.64
Liability other than auto -----. .-------- 476.00
Miscellaneous ---------.----------------------- 146.00
Total_ _--------------------------- $11,457.12
Premium tax paid in Canal Zone------ ------- $171.86
*(Breakdown by types of insurance unavailable.)


Losses
Paid
$0.00
$0.00


Losses
Paid
$13,794.30
0.00
774.00
46,205.20
$60,773.50


Losses
Paid
$0.00
0.00
0.0q
$0.00


Losses
Paid
$0.00
0.00
1,891.50
210.00
0.00
0.00
$2,101.50






CONTINENTAL INSURANCE COMPANY
(No transactions in Canal Zone during 1973)


FIDELITY AND CASUALTY COMPANY OF NEW YORK
(No transactions in Canal Zone during 1973)


FIDELITY AND DEPOSIT COMPANY OF MARYLAND
Net Losses
Premiums Paid
Surety.. ___________ _--------------____- $2,732.00 $0.00
Total _--_---_--- -- ----- $2,732.00 $0.00
Premium tax paid in Canal Zone.----------___-----$40.98


GENERAL INSURANCE COMPANY OF AMERICA
(No transactions in Canal Zone during 1973)


GREAT AMERICAN INSURANCE COMPANY
(No transactions in Canal Zone during 1973)


HARTFORD ACCIDENT AND INDEMNITY COMPANY
Net Losses
Premiums Paid
Worlnen's compensation ---- --------------- $709.00 $1,071.20
Liability other than auto (B.I.) ------ ---- 394.00 0.00
Fire --.----------------------------_------------ 13.00 0.00
Auto liability (B.I.)_-- ------ -_______ 235.95 1,784.60
Miscellaneous ------- ----- (Cr.)__ 13.00 0.00
Auto physical damage ---- ------------------ 0.00 118.63
Inland marine ------------__------ (Cr.)__ 95.00 238.27
Ocean marine ___- ---__ ------------------- 3,591.00 0.00
Total ----------------- --------- $4,834.95 $3,212.70
Premium tax paid in Canal Zone -------$72.52


INSURANCE COMPANY OF NORTH AMERICA
Net Losses
Premiums Paid
Miscellaneous* ------------------- _-- $43,783.37 $0.00
Total ----.--------------_--------- $43,783.37 $0.00
Premium tax paid in Canal Zone -------________ $656.75
*(Breakdown by type of insurance unavailable.)

5






INTERNATIONAL SERVICE INSURANCE COMPANY
Net Losses
Premiums Paid
Auto libaility -------------------------------_ $15,429.00 $9,433.99
Auto physical damage -------------------------- 20,358.50 8,753.87
Total ---------- ---------------- $35,787.50 $18,187.86
Premium tax paid in Canal Zone----_____- $536.81

THE LIBERTY MUTUAL INSURANCE COMPANY
Net Losses
Premiums Paid
Health and accident --__________________ $117.00 $0.00
Liability other than auto (B.I.)_-------------(Cr.)__ 176.00 0.00
Total__-__-___--- __ ---------(Cr.)__ $59.00 $0.00
Premium tax paid in Canal Zone-- ------- $0.00

MARYLAND CASUALTY COMPANY
Net Losses
Premiums Paid
Accident only ----------------------------- $350.22 $16.50
Accident and health _----------------------- 1,132.27 2,095.85
Group accident and health ------- ----------- 1,348.15 0.00
Auto liability ------------------------------ 78,377.00 49,298.35
Liability other than auto ----_---__------- 23,346.75 50.80
Fidelity -------- _--------------- ------ 6,029.00 (Cr.) 256.31
Surety ------- ------------------------ 84,795.00 0.00
Glass------------------------- 50.00 0.00
Burglary and theft -.-- ------ ------------- 12,555.00 9,619.69
Inland marine-- --------- ------ 10,239.65 3,897.02
Workmen's compensation--------------------- 123,399.33 60,245.71
Auto physical damage ---------------------- 59,206.00 29,302.66
Fire_ -------- ------------------ --- 6,749.00 161.98
Miscellaneous --------------------- --- 980.00 0.00
Total---------------------------- $408,557.37 $154,432.25
Premium tax paid in Canal Zone----------------- $6,128.36

MUTUAL OF OMAHA INSURANCE COMPANY
Net Losses
Premiums Paid
Group accident and health---- --- -- $7,005,249.07 $6,037,615.35
Individual and health----- --------------- 286,338.62 153,122.87
Total ---- ----_-- --- --- $7,291,587.69 $6,190,738.22
Premium tax paid in Canal Zone --------------- $109,373.82

NATIONAL SURETY CORPORATION
(No transactions in Canal Zone during 1973)






NATIONAL UNION FIRE INSURANCE COMPANY
(No transactions in Canal Zone during 1973)


PANAMA INSURANCE COMPANY
Net
Premiums
Workmen's compensation ---- -- -- -- $49,987.19
Fire ------------ --------------------_ 4,352.09
Automobile --------------------- 1,867.34
Miscellaneous ...--- -- ------ -- -- 28,343.53
Total ------------------------ $84,550.15
Premium tax paid in Canal Zone ------ $1,268.25


RELIANCE INSURANCE COMPANY
Net
Premiums
Ocean marine ------- --- $329.00
Inland marine __--------------.---------. ._- 146.00
Total---------------------------------- $475.00
Premium tax paid in Canal Zone ------------------- $7.13


ROYAL INDEMNITY COMPANY
Net
Premiums
Fire .. _- ------ -_(Cr.)__ $13.00
Miscellaneous .--- --------------- (Cr.)_ 1.00
Workmen's compensation-------------------- 611.00
Liability other than auto -------- 41.99
Auto liability ------- ------(Cr.)- 82.00
Surety ------------------ 0.00 (C
Total --.--------..----..-------.--- $556.99 (C
Premium tax paid in Canal Zone ----------_______ $8.35


SEABORD SURETY COMPANY
(No transactions in Canal Zone during 1973)


TRANSAMERICA INSURANCE COMPANY
Net
Premiums
Inland marine- --------------_ $445.00
Liability other than auto-------------------------- 15.00
Fidelity --. --- _-- --.. ----.-------- (Cr.)_ 248.00
Total ---------------------------- -$212.00
Premium tax paid in Canal Zone -------------- $3.18

7


Losses
Paid
$79,357.80
0.00
20,691.46
1,161.00
$101,210.26




Losses
Paid
$0.00
0.00
$0.00




Losses
Paid
$0.00
0.00
0.00
0.00
0.00
r.) 21,574.21
r.) $21,574.21









Losses
Paid
$0.00
0.00
0.00
$0.00






TRAVELERS INDEMNITY COMPANY
Net Losses
Premiums Paid
Surety---____ ____-----_ $19,319.00 $0.00
Total- __ -------------------- $19,319.00 $0.00
Premium tax paid in Canal Zone ---__.--_-__-____ $289.79

UNITED STATES FIDELITY AND GUARANTY COMPANY
Net Losses
Premiums Paid
Auto collision ____-------------- $64,877.00 $58,672.09
Fire-------------_ -__ -______ 20,041.00 7,500.00
Inland marine ... ~_--- __ __ ___ 54.00 0.00
Accident and health ________---------------- 570.08 0.00
Workmen's compensation .---- ----- 50,682.00 9,345.70
Liability other than auto (B.I.) 13,393.00 0.00
Auto liability (B.I.)-____.- _____ _____ 148,023.00 37,676.32
Auto physical damage -------_ ---- 37,697.00 11,264.49
Fidelity --------- ---------------------- 6,826.00 (Cr.)1,106.15
Surety_------------------- 350.00 0.00
Burglary and theft--_-__- ___________ 12,065.00 (Cr.) 163.44
Miscellaneous-----------------------------_ 3,768.00 401.12
Total_ -- ----- ------ $358,346.08 $123,590.13
Premium tax paid in Canal Zone ----------------- $5,375.19

AMERICAN-AMICABLE LIFE INSURANCE COMPANY
ORDINARY
Number Amount
Policies in force December 31, 1972 ----------- --- 14 $107,702.00
Policies issued during 1973-_ _---------------- 5 78,000.00
Total ---- ---------------_----- 19 $185,702.00
Ceased to be in force during 1973-- --------_--- 2 20,000.00
Policies in force December 31, 1973 --- ----------- 17 $165,702.00
Losses and claims:
Unpaid December 31,1972 -- --____ -- 0 $0.00
Incurred during 1973 -- ---------- ---- 0 0.00
Total ----- --------------------- 0 $0.00
Settled during 1973---------------- 0 0.00
Unpaid December 31, 1973 ----------------- 0 $0.00

GROUP-None
Net premiums collected in Canal Zone during 1973:
Life Insurance -------------------------- $5,272.66
Accident and Health _-------------- ---- 0.00
Total_--- -------------------------- $5,272.66
Premium tax paid in Canal Zone__ --------_-- ------ $79.09






AMERICAN CAPITOL INSURANCE COMPANY
ORDINARY


Policies in force December 31, 1972-
Policies issued during 1973 ___-_
Tntal


Ceased to be in force during 1973-__________---- 41
Policies in force December 31, 1973-- --------.-- 785
Losses and claims:
Unpaid December 31, 1972--------------- 2
Incurred during 1973-- -------------- 2
Total------ ----------------- 4
Settled during 1973 -------------- 4
Unpaid December 31, 1973--___ __ ---_ 0

GROUP-None
Net premiums collected in Canal Zone during 1973:
Life Insurance_------------------------ ----
Accident and Health____ __---------- --
Total______ _--------------- -
Premium tax paid in Canal Zone------------------------


Number Amount
821 $3,211,307.00
5 29,940.00
826 $3 241247.00


198,640.00
$3,042,607.00

$20,112.38
15,549.00
$35,661.38
35,661.38
$0.00



$92,244.59
6,411.54
$98,656.13
$1,479.84


AMERICAN CONTINENTAL LIFE INSURANCE COMPANY
ORDINARY


Policies in force December 31, 1972.. ----------
Policies issued during 1973--------------------
Total-- ----------- ------------
Ceased to be in force during 1973___--------
Policies in force December 31, 1973-----------
Losses and claims:
Unpaid December 31, 1972-----------
Incurred during 1973___--- -------------
Total -----------------------------
Settled during 1973---------------------
Unpaid December 31, 1973_--------------


Number Amount
1 $24,000.00
2 15,000.00
3 $39,000.00
1 24,000.00
2 $15,000.00


$0.00
0.00
$0.00
0.00
$0.00



$401.59
123.00
$524.59
$7.87


GRoou-None
Net premiums collected in Canal Zone during 1973:
Life Insurance ---------------------
Accident and Health------------------------------
Total -....-------- -------------------------
Premium tax paid in Canal Zone---------------------------






AMERICAN DEFENDER LIFE INSURANCE COMPANY


Policies in force December 31, 1972 ________.________
Policies issued during 1973 __ ___ _____ ________
Total__________ -_____ ______ ____
Ceased to be in force during 1973___ __________. _
Policies in force December 31, 1973 -___________
Losses and claims:
Unpaid December 31, 1972________ _
Incurred during 1973______ ______.- ______.. ____
Total_______ _____________
Settled during 1973-_____-_-___-
Unpaid December 31, 1973 __-__- ___ ___-

GRour-None
Net premiums collected in Canal Zone during 1973:


Number
0
37
37
1
36


0
0
0
0
0


Life Insurance___ -- __-____ --_.___-_______
Accident and Health__ _-- _________-------- -----
Total _------------------------
Premium tax paid in Canal Zone---------------


Amount
$0.00
1,596,506.00
$1,596,506.00
33,000,00
$1,563,506.00


$0.00
0.00
$0.00
0.00
$0.00



$5,652.65
0.00
$5,652.65
$84.79






AMERICAN INTERNATIONAL LIFE ASSURANCE COMPANY
OF NEW YORK

ORDINARY


Policies in force December 31, 1972 _-_ -------
Policies issued during 1973_ --------------
Total _--- -------
Ceased to be in force during 1973----------
Policies in force December 31, 1973 ---------
Losses and claims:
Unpaid December 31, 1972----------- -
Incurred during 1973 --- ------------
Total.- _- --__----
Settled during 1973__-------------- ---
Unpaid December 31, 1973____ __________

GROUP

Policies in force December 31, 1972 ----------
Policies issued during 1973 .______.___________-----
Total -_____-__- _------
Ceased to be in force during 1973 ______----
Policies in force December 31, 1973__-_---
Losses and claims:
Unpaid December 31, 1972 ---__._____---- ------
Incurred during 1973-__-- ------- --
Total ---------
Settled during 1973__-.---------------
Unpaid December 31, 1973_.-__-------------
Net premiums collected in Canal Zone during 1973:
Life Insurance ... __._ -.
Accident and Health -------------
Total ---- ---------- --- ----
Premium tax paid in Canal Zone___--- -------


$0.00
100,000.00
$100,000.00
0.00
$100,000.00


$0.00
0.00
$0.00
0.00
$0.00



$885,656.00
0.00
$885,656.00
(78,850.00)
$964,506.00

$0.00
0.00
$0.00
0.00
$0.00


$10,765.31
12,607.89
$23,373.20
$350.60


ATLANTIC SOUTHERN INSURANCE COMPANY OF PUERTO RICO
(No transactions in Canal Zone during 1973)






BANKERS LIFE INSURANCE COMPANY OF AMERICA


ORDINARY Number
Policies in force December 31, 1972 .___________ 744
Policies issued during 1973-________-__------------- 0
Total__________ __________________ 744
Ceased to be in force during 1973-- ________ 86
Policies in force December 31, 1973__________ 658
Losses and claims:
Unpaid December 31, 1972-----__________ 2
Incurred during 1973--________________ 5
Total ___________________ ____ 7
Settled during 1973__- __________ 6
Unpaid December 31, 1973------------------- 1
GRouP-None
Net premiums collected in Canal Zone during 1973:
Life Insurance_____ __________________
Accident and Health__-______________________------
Total__-_____ _________________________
Premium tax paid in Canal Zone_____________________


BENEFICIAL NATIONAL LIFE INSURANCE COMPANY
(No transactions in Canal Zone during 1973)

CITIZENS STANDARD LIFE INSURANCE COMPANY


ORDINARY Number
Policies in force December 31, 1972___ __--_ 1,151
Policies issued during 1973__----_ __-____-- ------- 3
Total ----__-___---- __---- 1,154
Ceased to be in force during 1973__-_______ 82
Policies in force December 31, 1973__________ 1,072
Losses and claims:
Unpaid December 31, 1972 .__ ._-__. ______- 0
Incurred during 1973------------------____ 0
Total--- --------------------------- 0
Settled during 1973-.______ ____ 0
Unpaid December 31, 1973------------_ ---_ 0
GRouP-None
Net premiums collected in Canal Zone during 1973:
Life Insurance----____ ----------- ----____
Accident and Health ----- ____________ _______
Total________ __ ___________ ___
Premium tax paid in Canal Zone__-_.-____ .- _


Amount
$3,086,452.00
0.00
$3,086,452.00
298,433.00
$2,788,019.00

$12,500.00
8,275.00
$20,775.00
18,275.00
$2,500.00



$88,121.40
0.00
$88,121.40
$1,321.82


Amount
$4,050,871.00
21,000.00
$4,071,871.00
289,460.00
$3,782.411.00

$0.00
4,000.00
$4,000.00
4,000.00
$0.00



$122,513.42
34,828.65
$157,342.07
$2,360.13






EXECUTIVE FUND LIFE INSURANCE COMPANY
ORDINARY


Policies in force December 31, 1972 -__----------
Policies issued during 1973--------- ---------
Total- ---___-------- -------- -----
Ceased to be in force during 1973-----------.---
Policies in force December 31, 1973-----------------
Losses and claims:
Unpaid December 31, 1972 -- ------
Incurred during 1973----_____------
Total----------------------------
Settled during 1973----------------
Unpaid December 31, 1973 ___------_----- -

GRoup-None
Net premiums collected in Canal Zone during 1973:
Life Insurance_----------------------------


Number
0
0
0
(19)
19

0
0
0
0
0


Accident and Health --------------------------------
Total------------------- ---------
Premium tax paid in Canal Zone_---- ----------------


FIDELITY AND GUARANTY LIFE INSURANCE COMPANY
ORDINARY


Policies in force December 31, 1972----- ----
Policies issued during 1973------------------------
Total ---------- -------- -
Ceased to be in force during 1973----------
Policies in force December 31, 1973-----------------
Losses and claims:
Unpaid December 31, 1972-------
Incurred during 1973----------------------
Total------------ ---------------
Settled during 1973 ---------------
Unpaid December 31, 1973------------

GROP--None
Net premiums collected in Canal Zone during 1973:
Life Insurance ------------- -----
Accident and Health__- ---------
Total__------------------
Premium tax paid in Canal Zone -- -----


Number
0
260
260
142
118

0
0
0
0
0


Amount
$0.00
0.00
$0.00
(196,000.00)
$196,000.00

$0.00
0.00
$0.00
0.00
$0.00



$1,943.12
0.00
$1,943.12
$29.15


Amount
$0.00
3,777,411.00
$3,777,411.00
2,139,336.00
$1,638,075.00

$0.00
0.00
$0.00
0.00
$0.00



$29,517.97
0.00
$29,517.97
$442.77






THE GIBRALTAR LIFE INSURANCE COMPANY OF AMERICA


ORDINARY

Policies in force December 31, 1972 ---- -_
Policies issued during 1973____________
Total__________________
Ceased to be in force during 1973_________ _
Policies in force December 31, 1973 -----
Losses and claims:
Unpaid December 31,1972 _----- ---__----_
Incurred during 1973 ___________-_----
Total__ ______________- __-_------
Settled during 1973 _________-__--______- ___
Unpaid December 31, 1973_____________

GROUP-None
Net premiums collected in Canal Zone during 1973:
Life Insurance--_____- ____---__--_ _-------
Accident and Health_____----------------
Total____----------
Premium tax paid in Canal Zone-__-------________-


JACKSON NATIONAL LIFE INSURANCE COMPANY
ORDINARY


Policies in force December 31, 1972 ----
Policies issued during 1973 ----------
Total_ ____ _.....----------_--
Ceased to be in force during 1973 --- --------
Policies in force December 31, 1973 --------- --
Losses and claims:
Unpaid December 31, 1972 ..- ----- -
Incurred during 1973_------ ------------
Total ------------------
Settled during 1973------------------------
Unpaid December 31, 1973 ----- ----------

GROUP-None
Net premiums collected in Canal Zone during 1973:
Life Insurance------- ------- -------
Accident and Health--------------- -- --


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


Number
1,034
45
1,079
82
997

0
27
27
27
0


Amount
$8,895,402.00
848,517.00
$9,743,919.00
579,732.00
$9,164,187.00

$0.00
75,678.17
$75,678.17
75,678.17
$0.00



$200,686.28
0.00
$200,636.28
$3,009.99


Amount
$43,650.00
0.00
$43,650.00
0.00
$43,650.00

$0.00
0.00
$0.00
0.00
$0.00



$1,532.96
0.00
$1,532.96
$22.99


Number
2
0
2
0
2

0
0
0
0
0






LINCOLN NATIONAL LIFE INSURANCE COMPANY

ORDINARY


Policies in force December 31, 1972---------- ----
Policies issued during 1973-----_____________ __
Total------ -----------------------
Ceased to be in force during 1973------
Policies in force December 31, 1973 --- ---------
Losses and claims:
Unpaid December 31, 1972_ ------------
Incurred during 1973 -------
Total_---------------- ----
Settled during 1973 -__-______-_----
Unpaid December 31, 1973___----- --.----.

GROUP
Policies in force December 31, 1972-------___--_---
Policies issued during 1973_____- __------ --- --
Total-___----------- -------------------
Ceased to be in force during 1973 _------_----
Policies in force December 31, 1973-______ ______--
Losses and claims:
Unpaid December 31,1972-------------- --
Incurred during 1973--------------- -
Total -----------------
Settled during 1973_--------------------
Unpaid December 31, 1973--__________-_--.
Net premiums collected in Canal Zone during 1973:


Number
430
2
432
40
392


0
13
13
13
0


Life Insurance ---- --------
Accident and Health ----------------------
Total-- ---------------------------
Premium tax paid in Canal Zone------------------ --


Amount
$2,974,651.00
128,055.00
$3,102,706.00
(352.00)
$3,103,058.00

$0.00
44,944.00
$44,944.00
44,944.00
$0.00


$22,234.00
0.00
$22,234.00
(1,020.00)
$23,254.00


$0.00
0.00
$0.00
0.00
$0.00


$67,374.82
314.70

$67,689.52
$1,015.34





PAN-AMERICAN LIFE INSURANCE COMPANY


ORDINARY

Policies in force December 31, 1972 -______---.
Policies issued during 1973_____-__-__---- --_--_
Total____________----------- -- --
Ceased to be in force during 1973 ___-__-_-----_-
Policies in force December 31, 1973-_-----
Losses and claims:
Unpaid December 31, 1972 ___ ------
Incurred during 1973 ------------ ----
Total------------------- -----------
Settled during 1973 -_---------.---------
Unpaid December 31, 1973_____-----------

GROUP-None

Net premiums collected in Canal Zone during 1973:


Number
103
6
109
6
103


0
0
0
0
0


Life Insurance-------------------------- --
Accident and Health-------------------------------
Total----- -- ---------- ------------------
Premium tax paid in Canal Zone----------------------


PENINSULAR LIFE INSURANCE COMPANY
(No transactions in Canal Zone during 1973)


Amount
$1,215,091.00
84,500.00
$1,299,591.00
7,031.00
$1,292,560.00


$0.00
0.00
$0.00
0.00
$0.00





$36,126.96
0.00
$36,126.96
$541.90






UNITED BENEFIT LIFE INSURANCE COMPANY

ORDINARY


Policies in force December 31, 1972_--__-- _
Policies issued during 1973 -------
Total--- -------------- ------
Ceased to be in force during 1973-- -- -----
Policies in force December 31, 1973 -_--- --
Losses and claims:
Unpaid December 31, 1972__- -----
Incurred during 1973 -- --------
Total__-----------_______-- __
Settled during 1973 ----------------
Unpaid December 31, 1973 ----------

GRoup
Policies in force December 31, 1972___________
Policies issued during 1973 -------- ----
Total--------------------------
Ceased to be in force during 1973__--------------
Policies in force December 31, 1973-----------------
Losses and claims:
Unpaid December 31, 1972-_------------------
Incurred during 1973________----------
Total ------------------
Settled during 1973 ---------------
Unpaid December 31, 1973--- ------------
Net premiums collected in Canal Zone during 1973:


Number
504
81
585
39
546


1
6
7
6
1



1
1
2
0
2


6
124
130
127
3


Life Insurance------------------- -------------
Accident and Health ------------------------
Total ------------- -----------------------
Premium tax paid in Canal Zone ----------_--------


Amount
$3,295,628.00
1,209,728.00
$4,505,356.00
213,664.00
$4,291,692.00


$2,000.00
20,913.99
$22,913.99
20,913.99
$2,000.00



$128,091,750.00
34,000.00
$128,125,750.00
4,826,200.00
$123,299,550.00

$45,000.00
484,450.00
$529,450.00
497,700.00
$31,750.00

$913,749.55
116,722.92
$1,030,472.47
$15,457.08






UNITED SERVICES LIFE INSURANCE COMPANY

ORDINARY


Policies in force December 31, 1972 ________________
Policies issued during 1973 --------____ ____-
Total________________________________
Ceased to be in force during 1973___- _________
Policies in force December 31, 1973_____________..____
Losses and claims:
Unpaid December 31,1972 ______ _____
Incurred during 1973 ____-___________.
Total____________ _________ _____
Settled during 1973__ _____________
Unpaid December 31, 1973___-______. _

GROUP


Number
392
144
536
73
463

0
0
0
0
0


Policies in force December 31, 1972 _______--------- 7
Policies issued during 1973______-_____-_________. 155
Total----_____ -------_ 162
Ceased to be in force during 1973------------------ 0
Policies in force December 31, 1973__-_ _-_-__- 162
Losses and claims:
Unpaid December 31, 1972-------------_--- 0
Incurred during 1973__------------------------- 0
Total ___----------------_ 0
Settled during 1973 -__-_______-___---- 0
Unpaid December 31, 1973 ___--------- --- 0
Net premiums collected in Canal Zone during 1973:
Life Insurance--- -------------------------
Accident and Health _-_____________---------
Total---------- ---------------------------
Premium tax paid in Canal Zone------------------------


Amount
$4,390,028.00
2,350,743.50
$6,740,771.50
(218,984.86)
$6,959,756.36

$0.00
0.00
$0.00
0.00
$0.00


$74,343.00
1,744,895.52
$1,819,238.52
0.00
$1,819,238.52

$0.00
0.00
$0.00
0.00
$0.00

$95,674.14
0.00
$95,674.14
$1,435.11





UNITED STATES LIFE INSURANCE COMPANY

ORDINARY
Number Amount
Policies in force December 31, 1972 -------------- 11 $127,572.00
Policies issued during 1973------------------- --0 23.00
Total_____ _____---------- 11 $127,595.00
Ceased to be in force during 1973 ---- ----------- 2 60,000.00
Policies in force December 31, 1973------------------- 9 $67,595.00
Losses and claims:
Unpaid December 31, 1972 __________-__--- ___ 0 $0.00
Incurred during 1973 ----------------_---- 0 0.00
Total ---- ------------------------ 0 $0.00
Settled during 1973_--_ --------- 0 0.00
Unpaid December 31, 1973 _-_--- 0 $0.00

GROUP
Policies in force December 31, 1972 _----- 1 $180,212.00
Policies issued during 1973_ ------------ ---------_ 0 0.00
Total _------------------------_ 1 $180,212.00
Ceased to be in force during 1973------------------ 0 5,531.00
Policies in force December 31, 1973__ ________ --- 1 $174,681.00
Losses and claims:
Unpaid December 31,1972______-----_ -- 0 $0.00
Incurred during 1973__-- __------------- __-- 0 0.00
Total. --_-------------__ 0 $0.00
Settled during 1973 _____ ____-- ---- 0 0.00
Unpaid December 31, 1973------ -- 0 $0.00
Net premiums collected in Canal Zone during 1973:
Life Insurance -----__----------------------- $2,614.30
Accident and Health---------__----------------- 0.00
Total_---_ ------------___---- -------- $2,614.30
Premium tax paid in Canal Zone----------- ------------ $39.21





WABASH LIFE INSURANCE COMPANY
(No transactions in Canal Zone during 1973)



WORLD SERVICE LIFE INSURANCE COMPANY

ORDINARY
Number Amount
Policies in force December 31, 1972 ------- --- -..- 4 $59,449.00
Policies issued during 1973 -------- 9 100,125.00
Total____ ------_ ___-- -_- 13 $159,574.00
Ceased to be in force during 1973 ----- ---------- 2 24,725.00
Policies in force December 31, 1973----- 11 $134,849.00
Losses and claims:
Unpaid December 31, 1972 -- -------------- 0 $0.00
Incurred during 1973 -------- 0 0.00
Total---------------------------- 0 $0.00
Settled during 1973 _______ --- ---- 0 0.00
Unpaid December 31, 1973 -- ------- -- 0 $0.00

GnouP
Policies in force December 31, 1972------------------ 0 $53,259.00
Policies issued during 1973 -------------- 0 0.00
Total ----------------- 0 $53,259.00
Ceased to be in force during 1973 -__--__--- 0 0.00
Policies in force December 31, 1973 ____---- 0 $53,259.00
Losses and claims:
Unpaid December 31, 1972 ------ -------- 0 $0.00
Incurred during 1973--_____-- ------------ 0 0.00
Total ---------------- 0 $0.00
Settled during 1973-------------- 0 0.00
Unpaid December 31, 1973__------------ 0 $0.00
Net premiums collected in Canal Zone during 1973:
Life Insurance -- ___-- ------------ $3,736.64
Accident and Health ------------------------ 0.00
Total-------------------------------- $3,736.64
Premium tax paid in Canal Zone------------------------- $56.05






RECAPITULATION

MISCELLANEOUS COMPANIES


Accident___________- ______-_--
Automobile and motor vehicle_ -----
Auto comprehensive --------
Auto collision -___
Auto liability (B.I.) _---
Auto property damage -. --------
Auto physical damage_ ------
Burglary and theft_------ -
Extended coverage ---------
Fidelity_ --_-----_----------------
Fire-----------------------------
Class --------
Group accident and health---- ------
Health and accident (includes
hospitaland medical) --
Inland marine--------- ---------
Liability other than auto-- ----
Miscellaneous----_______--_--__-------
Ocean Marine --------------------_
Property damage other than auto ---- _---
Suretv---_ ___--------- ____----------
Workmen's compensation____ -----_---- -
Total--------- ---------------

Premium taxes paid in Canal Zone__---- ----


Net
Premiums
$350.22
370,231.13
7,549.00
105,780.36
299,317.59
31,795.55
117,425.50
25,654.19
0.00
12,607.00
62,289.89
50.00
7,013,822.70

288,751.61
10,789.65
37,916.74
169,067.36
3,920.00
0.00
122,460.25
410,811.28
$9,090,590.02

$136,359.81


Losses
Paid
$16.50
184,613.52
2,945.81
77,564.70
108,266.23
26,064.44
49,439.65
9,897.60
0.00
(Cr.) 256.31
7,974.58
0.00
6,039,506.85

155,428.72
4,135.29
114.30
6,754.11
0.00
0.00
(Cr.)22,680.36
252,005.52
$6,901,791.15






LIFE INSURANCE COMPANIES


ORDINARY


Number
Policies in force December 31, 1972 _-------------- 5,211
Policies issued during 1973 --------------------- 600
Total_________ _---_________-__ 5,811
Ceased to be in force during 1973_-------------_ -- 580
Policies in force December 31, 1973 ______ 5,231
Losses and claims:


Unpaid December 31, 1972 _______-___ .____


Incurred during 1973 ____-
Total_______________
Settled during 1973 _-__-
Unpaid December 31, 1973


Amount
$31,481,803.00
10,339,548.50
$41,821,351.50
3,472,684.14
$38,348,667.36


5 $34,612.38


------- -- 53 169,360.16
- 58 $203,972.54
S 56 199,472.54
2 $4,500.00

GROUP


Policies in force December 31, 1972_________
Policies issued during 1973_____-___ _-----
Total____ ____-------- --
Ceased to be in force during 1973- ______
Policies in force December 31, 1973 _____________.___
Losses and claims:
Unpaid December 31, 1972____--_- _-
Incurred during 1973____________--------
Total___-___- ____-_______-_____-.__-___-
Settled during 1973-----------------------
Unpaid December 31, 1973 ----- --- --
Net premiums collected in Canal Zone during 1973:
Life Insurance __---
Accident and Health__ ________ _____-
Total___-------------- --

Premium tax paid in Canal Zone___ ----..----


10
156
166
0
166


$129,307,454.00
1,778,895.52
$131,086,349.52
4,751,861.00
$126,334,488.52


$45,000.00
484,450.00
$529,450.00
497,700.00
$31,750.00


--- $1,677,928.36
171,008.70
-$1,848,937.06

- $27,733.73


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 corporations
under which insurance companies are authorized to do business in the
Canal Zone.





CANAL ZONE CODE-Title 2, Chapter 61
SEC. 871. Corporation; joint stock company.-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 the
United 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 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, under insurance
policies that it may issue.
SEC. 874. Annual statement and license tax for insurance companies.-
An insurance company licensed pursuant to this chapter shall file with the
executive secretary of the Canal Zone Government before March 1 of each
year a verified statement showing the business transacted within the Canal
Zone by the company during the previous calendar year and a duly certified
copy of its annual report to an authorized official of the State or country in
which the company is organized. Upon a showing of good cause therefore,
the executive secretary may extend the time for filing the statement for a
period not exceeding two months after March 1.
An insurance company licensed pursuant to this chapter shall pay before
March 1 of each year, in lieu of all other taxes except the annual fee provided
for by section 876 of this title, a license tax equal to 1V2 percent of its net
premium receipts in the Canal Zone for the proceeding calendar year.
SEC. 875. Issuance of license.-Upon compliance by a corporation with
the conditions prescribed by sections 872-874 of this title, and if the Governor
is satisfied that the business desired to be transacted is proper, legitimate and
permissible under the laws of the Canal Zone, and not in conflict with the
policy of administering the Canal Zone as an adjunct of the Panama Canal
he may issue a license to do business in the Canal Zone.
SEC. 876. Continuance after first license period.-The right of a corpora-
tion to continue to do business for the calendar year, and the successive
calendar years, after the calendar year during which the original license
was issued, shall be contingent upon: (1) Compliance with the provisions
of this chapter applicable to corporations licensed under it;
(2) Payment of a license fee of $10, payable in advance, on January 1
of each year; and
(3) Designation of a new process agent before March 1, if the process
agent previously designated has ceased during a preceding calendar year
to reside within the Canal Zone.
SEC. 877. Revocation of license.-The Governor may revoke a license
issued pursuant to this chapter if, upon examination, he is satisfied that the
operations of the corporation are conducted in an illegal manner, or in a
manner contrary to public policy or to the policy of administering the Canal
Zone as an adjunct of the Panama Canal.





SEC. 878. Loss of benefit of statute of limitations.-Corporations doing
business in the Canal Zone which fail to comply with this chapter are not
entitled to the benefit of the laws of the Canal Zone limiting the time for
the commencement of civil actions.
SEC. 879. Penalties for violation; validity of contracts.-(a) A corpora-
tion which does business in the Canal Zone without having complied with
this chapter shall be fined not more than $500.
(b) Whoever acts as an officer of, or agent for, a corporation which
has not complied with this chapter, shall be fined not more than $100 or
imprisoned in jail not more than 30 days, or both.
(c) Every contract made by or on behalf of such a corporation affecting
the liability thereof or relating to property within the Canal Zone is void
on its behalf and on behalf of its assigns, but is enforceable against it or them.
SEC. 880. Corporations dealing in securities.-A corporation licensed
pursuant to Chapter 79 of this title is not required to comply with sections
871-879 of this title.
SEC. 881. Surrender of license to do business.-(a) A corporation
licensed to do business in the Canal Zone may surrender its license by filing
with the executive secretary of the Canal Zone Government a certificate
signed and acknowledged by its president or a vice president and its secretary
or an assistant secretary or treasurer, setting forth:
(1) The name of the corporation as shown on the records of the
executive secretary, and the State or place of incorporation;
(2) That it revokes its designation of agent for the service of process;
(3) That it surrenders its authority to do business in the Canal Zone
and returns its license for cancellation, or that the license has been
lost or destroyed, if such is the fact;
(4) That it consents that process against it in any action upon a
liability or obligation incurred within the Canal Zone prior to the filing
of the certificate of surrender may be served upon the executive secretary
of the Canal Zone Government;
(5) A post office address to which the executive secretary may mail
a copy of any process served upon him, which address may be changed
from time to time by filing a certificate entitled "certificate of change of
address of surrendered foreign corporation" signed and acknowledged
by the president, a vice president, secretary, assistant secretary, or
treasurer.
(b) The license shall be attached to the certificate of surrender unless the
license has been lost or destroyed, in which case there shall be attached an
affidavit of the president, vice president, secretary, assistant secretary, or
treasurer to that effect.
(c) Mere retirement from doing business in the Canal Zone without filing
a certificate of surrender of license does not revoke the appointment of any
agent for the service of process within the Canal Zone.





SEC. 882. Service of process after revocation or surrender of license.-
(a) After the license of a corporation has been revoked or surrendered,
process against the corporation may be served upon the executive secretary
of the Canal Zone Government in any action upon a liability or obligation
incurred within the Canal Zone prior to the revocation or the filing of the
certificate of surrender.
(b) Section 872(b) of this title applies to service of process upon the
executive secretary pursuant to this section.
(c) The revocation or surrender of a license does not affect any action
pending at the time.





































50106-550




UNIVERSITY OF FLORIDA
S1262I I I04728I I 2867
3 1262 04728 2867




I
I





I




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