capital dividend account life insurance

Found inside – Page 17-22The point is that the acquiring corporation and the corporation that is the beneficiary of the life insurance policy need not be the same . ... death , and receives a tax - free capital dividend funded by life insurance policy proceeds received by a subsidiary ( “ Opco ” ) . ... Documentation , 58 See paragraph ( b ) of the definition of “ capital dividend account " in subsection 89 ( 1 ) : " Capital dividend account of a ... Found inside – Page 227... a share of its capital stock , the corporation 1982 may elect that the following rules apply : ( a ) the dividend is deemed a life insurance capital dividend to the extent of its life insurance capital dividend account immediately before the dividend ... Found inside – Page 403( xvi ) “ the life insurance capital dividend account of any predecessor corporation immediately before the amalgamation ” were read as " the life insurance ... Found inside – Page 640Undertakes life, fire, marine and accident &o. Insurance. CAPITAL — Authorised and Issued £1,000,000. Called up £250,000 on 1,000,000 ... ACCOUNTS & DIVIDENDS— Accounts to 31 Deo. submitted In June ; Interim dividend In Not. Found inside – Page 67489 ( 1.2 ) ( 1.2 ) Capital dividend account of tax - exempt corporation . ... ( a ) where a corporation was a beneficiary under a life insurance policy on ... Found insideOther investments might be insured , such as bank savings accounts and certain types of brokerage accounts . ... Some life insurance policies also earn dividends . Equity . In business or property the value remaining in excess of any liability or ... Found inside – Page 473The definition of capital dividend account is complex but the most relevant ... net life insurance proceeds received by the corporation; and any capital ... Found inside – Page 97The report and accounts were adopted and the subsequent Extraordinary General Meeting the resolution concerning the capitalisation of ... of one for two , the effective “ A ” Ordinary Capital dividends are paid now being £ 240,000 as against £ 160,000 in respect of the previous year . ... TALS ) ADDRESS SCOTTISH AMICABLE LIFE ASSURANCE SOCIETY A STRIKING RECORD OF PROGRESS THE ... Found inside – Page 1984... capital at $ 200,000 . A stock dividend of $ 50,000 ( 25 % ) on August 3 , 1926 raised capital to $ 250,000 . ... It entered the field of health insurance coverages in 1960 and also began actively soliciting group life accounts . Maximum net ... Found inside – Page 281XCo , as the beneficiary of the life insurance policy , receives the $ 1,000 death benefit tax free and obtains a credit to its capital dividend account of ... Found inside – Page 4THE ASSOCIATED CANADIAN TRAVELLERS REVENUE ACCOUNT Life Accident Insurance Insurance Expense Funds Fund Fund Trio $ $ $ $ Premiums, contributions, and dues (net of reinsurance ceded)............... 2,370 55,539 • 109,299 it ... Found inside – Page 804¶15,055.20 The major components technically The balance of this account is ... the addition to the capital dividend account, at the end of a taxation year ... Found inside – Page 10-67The company uses the proceeds in the capital dividend account to redeem the shares ... Opco owns life insurance policy *- - : : O . Opco owns life insurance ... Found inside – Page 15351,707,710 AU Other 75,700 TOTAL 7,919,335 Surplus Account Surplus, Dec. ... 273,428 Net Capital Gains 283,840 Other Gains _ 1,733 TOTAL 3,022,388 Dividends to Stockholders 175,501 Net Loss Non- Adm. Items 25,848 ... 273,428 Western Travelers Life Insurance Company Executive Office: P. O. Box V, _ (Telephone ... Found inside – Page 427•Part IV tax on Certain Taxable Dividends Available to PVT corp only ... your share of tax refunded to them •Capital Dividend Account (CDA) Integration of ... Found inside – Page 1144Formed to carry on all kinds of insurance business except life assurance . ACCOUNTS AND DIVIDENDS - Accounts made up to 31st December , and submitted in May . Recent dividends ( per cent . , free of income - tax ) -for period ended 31st ... Found inside – Page xxa study of the financial statements of life insurance companies in the United States and Canada Joseph C. Noback .34. The Revenue Account and the Reconciliation of Surplus. 265 Revenue ... Increase in Provision for Dividends and Accrued Profits to Policyholders. 25. ... Net Capital Gain on Investments (Exhibit 8). 29. Found inside – Page 4THE ASSOCIATED CANADIAN TRAVELLERS REVENUE ACCOUNT Life Insurance Funds Accident Insurance Fund Expense Fund Total ... Adjustment to increase in actuarial reserve for certificates Dividends to members ( Exhibit 6 ) . ... reserve Assets of discontinued club 5,547 11,350 120 696 16,897 60 438,012 70 60 255,791 68,431 113,790 70 982 Net capital loss on investments ( exhibit 1 ) . Found inside – Page 66Capital dividends are tracked in a Capital Dividend Account (CDA). The CDA does not show up in a CCPC's financial statements. 4. Foreign Dividends: these ... Found inside – Page 141LIFE ASSURANCE REVENUE ACCOUNT for the Year onding 28th February , 1935 . ... 340,026 11 By Death 450 13 6 Premiums 25,341 4 1 Maturity 6,168 15 Consideration for Annuities granted 15,757 6 3 Surrenders , including surrenders of Interest , dividends £ bonus 6,272 6 and ... ASSETS , £ Share Capital : Loans on Company's Policies within Authorised - 100,000 shares of £ 10 their Surrender ... Dividend policies of non-life insurance companies are theoretically and empirically investigated. Found inside – Page 148Premiums in the sinking fund and capital redemption account amounted to £ 83,093 and annuity considerations ... to the life assurance fund , a balance of £ 202,640 was carried forward , from which the 1945 dividend , repeated at 35. a share ... Found inside – Page 179069All percentages are calculated excluding the effect of reinsurance assumed from Equity Funding Life Insurance Company . ... The preferred dividend must be paid before any dividend can be paid to the comon stockholder of Ranger American Life Insurance Company . ... This account also includes $ 319,000 at June 30 , 1975 and $ 414,000 at June 30 , 1974 from Ranger Insurance Managers , Inc. for ... Found inside – Page 14474,790 14 Gain from mortality under insurance policies . ... under annuities ( excluding disability annuities ) Total gain during the year from surrendered , lapsed and changed policies Decrease in surplus on dividend account ... Net to profit account . ... Net loss on account of total and permanent disability benefits , included in life policies , excluding loading . ... Capital paid up December 31 of current year . Found inside – Page 210... pay a tax-free capital dividend.43 A corporation's capital dividend account ... of previously realized capital gains, the proceeds of a life insurance ... Found inside – Page 88... it includes in its capital dividend account the life insurance proceeds it receives ... Proceeds of insurance received between June 28 , 1982 and May 23 ... Found inside – Page 936INTRODUCTION H-l The National Capital Account records the items entering into domestic saving and investment. ... Total use of funds Total capital funds accruing -2,160 65 2,225 II 2.236 Depreciation allowances Increase in dividend and income-tax provisions ... of life insurance funds, etc, Personal saving Public authority grants towards private capital expenditure Public authorities! on current account ... A unique feature of the book is that, for the first time, the economic capital requirements of financial services firms across the entire risk spectrum, from the short end to the long end, are considered in one book. Found inside – Page 557... and ( e ) the amount of the corporation's life insurance capital dividend account immediately before May 24 , 1985 , exceeds the total of all capital dividends that became payable by the corporation after the commencement of the period and ... Found inside – Page 11Dividends paid by mutual life insurance companies are exempt . They are a return of capital . Dividends from a ... Dividends on share accounts of Federal savings and loan associations issued before 3-28-42 are partially exempt . Dividends on ... Found inside – Page 478185 , 943 2 , 407 4 , 007 180 , 624 , 308 Total Liabilities Group insurance contingency reserve Capital paid - up Gross paid in and contributed surplus Unassigned surplus . ... life contingencies Considerations for supplementary contracts without life contingencies and dividend accumulations ... Refund from reinsurers on account of favorable experience 939 , 735 11 , 647 , 544 183 , 123 65 , 871 Total . Found inside – Page 966Instead of holding the insurance personally , the shareholders choose to have the corporation acquire insurance on their lives . On A ' s death , B acquires A ' s shares with a promissory note , following which a capital dividend is declared and ... Found inside – Page 54[ Capital dividend account ] French Version 3 ( 1 ) Definitions UU In this ... property " " Life insurance capital dividend accoun " paid - up capital ... Found inside – Page 102occurs where the deceased taxpayer was the owner of a life insurance policy on ... Capital Dividend Account23 The capital dividend account is not an actual ... Found inside – Page 12Bxed cumulative preferential dividend , 10 priority to all otber sbares , at tbe rate of 6 % per annum on the capital paid thereon Tbu dividends on the Preferred stock are payable quarterly on Au . gust 31st to stockholders of record of August ... Found inside – Page 214Discussion and Interpretation Tax Consequences to Recipients of Life Insurance Proceeds ¶ 1. Paragraph (d) of the definition of "capital dividend account" ... Found inside – Page 54A life insurance advisor will know that , as long as these costs in the policy are covered , the policy will stay in force and the death benefit will be guaranteed . ... Indeed , embedding enough capital in the guaranteed interest account of a VUL policy so that the interest on that account ... Also , in dividend or indexed interest - earning whole life policies , it may be better to surrender dividend credits to pay the ... Found inside – Page 287Such capital stock cannot be for an amount less than $ 100 , 000 and such dividends may not exceed eight per cent annually ... It is unlawful to agree to , or offer to , pay special dividends as rebate as an inducement to purchase life insurance . Found inside – Page 717The fifth amount included in the C.D.A. consists of the corporation's life insurance capital dividend account balance immediately before May 24th, 1985, ... Found inside – Page 748Under present law dividends received by individual shareholders from life insurance companies are not eligible either for ... As a result , these reserves will not be taken into account in determining gains from operations , and thus deficiency ... Found inside – Page 64OBLIGATIONS AND SURPLUS FUNDS 1968 U.S. LIFE INSURANCE COMPANIES OTHER OBLIGATIONS 6.9 % SET ASIDE FOR POLICY DIVIDENDS 1.7 % POLICY DIVIDEND ACCUMULATIONS 2,8 % SPECIAL SURPLUS FUNDS 1.6 % UNASSIGNED SURPLUS 6.4 % CAPITAL ... Included in total reserves at the end of 1968 was $ 2.2 billion in separate investment accounts , used for the funds ... Found inside – Page 256... 141 Capital dividend account ( CDA ) , 38–39 , 119 , 187 benefit , 40 , 122 crediting , 97 factoring , 120 , 121 impact , 55–56 life insurance proceeds ... Found inside – Page 143... to surplus Limit on a single risk , $ 100,000 , of which from capital account and the capital re$ 25,000 is carried by the company . Nonmained at $ 100,000 until 1918 , when , by a medically examined life insurance is now stock dividend ... Found inside – Page 81Life Assurance Fund , as per Life Revenue Account 1 , 300 , 926 16 4 Claims under Lite Policies admitted , but not paid ... 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