SB 429, 39th R.S.
Relating to amending certain statute providing that all policies issued by any mutual life insurance company may use any portion of the mortality savings, not to exceed fifty per centum, as a sinking fund for the repayment of any ums of money advanced for the purpose of promoting and conserving the business of the company, and further providing that the profits from reserves released on lapsed and surrendered policies may be permitted to be used for the purpose of sinking fund.
Author: Gus Russek
Coauthor: Pierce B. Ward
Subjects:
Insurance--Life & Annuities
Senate Committee: Insurance ()
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