Messrs. Innerr & Ca., Shanghai, China, DeAR Six:—We have issued this policy. on 15 year endowment plan, with lien of $600, per thousand, on account of information received that on two previous examinations there has been found a systolic murmur of applicant's heart.
Yours truly, Secretary. (Signed). Citas. C. Hone," Henry Bencraft Joly filed in due course in On the copy of the. application by Mr. this suit in this court appears a note in the words following:—" Declined by New York Life Equitable K.A. wrote 13/4/98 K.A." to whom was the letter therein referred written? and by whom ¢ and in what words formation from ollier companies as to lives As I have already explained, we receive in-which they have declined; and this memorandum merely means that on turning up our cabinet of rejections we found a card which showed that the life had been declined by: the New York Life Company and by the Kquitable. The initials "K.A." are those of Miss Kate Andrews, the lady clerk in harve of he Cabinets, "The words wrote 13/4/28, K.A." mean that Miss Andrews filled up the regular forms for use in such eases and mailed them to the two Companies on the 13th of April 1898, I herewith produce as exhibit tissue paper press copies of the forms which we thus forwarded to these two Companies, The two press copies here referred to are marked by Commissioner exhibits N and 0 respectively, and are attached to the testi-many of the witness.
Does the Company reserve to itself the right on any application for Life insurance to issue a policy or policies with a lien (otherwise a loaded policy or policies)?
Policy, or reject the Policy, or take a middle Certain! he Company can accept a course and offer a loaded Policy if it secs fit. But the applicant can accept or reject a loaded Policy, a8 he prefers. (All Companies reserve this right).
Does the Company in any case issue such policies on applications being made for pol without a lien?
Very often, persons hardly ever apply for policies subject to a lien. "They naturally almost always want to get policies without liens. Probably 95 per cent of all poli which we issue with liens are on applicants wriesting assurance without liens.
how many eases were such policies with a lien issued to or offered to applicants residing in China, Japan and Corea in the years 1897 and 18987 We issued sixty-seven policies with liens to applicants residing in China, Japan and Corea, in the years 1897 and 1898, In how many cases during the said period were such loaded policies accepted by such iffy-three of the above policies were accepted by applicants.
In how many such cases refused Fourteen.
Is an accurate register of applications, refusal and policies issued or offered kept at the Head Office of the Company?
Certainly.
What according to the "tables" in use by your Company is the likelihood or expectancy that s person in average health will live six months from date?
The table of mortality which our Company uses in its calculations is the H. M. Table of of the Institute of Actuaries of Great Britain, The initials H.M." means healthy males and
Text read from the printed page and cleaned; old type leaves the occasional error.