ART. 23] INSURANCE DEPARTMENT. 225

first four calendar years in which a corporation has been issuing such
policies shall be distributed as follows: In the first calendar year
one hundred p&r centum shall be charged to the policies written in
that year, in the second calendar year fifty per centum shall be charged
to policies written in that year and fifty per centum to the policies writ-
ten in the preceding year, in the third calendar year forty per centum
shall be charged to the policies written in that year, forty per centum
to the policies in the preceding year, and twenty per centum to the poli-
cies written in the second year preceding, and in the fourth calendar
year thirty-five per centum shall be charged to the policies written in"
that year, forty per centum to the policies written in the preceding
year, fifteen per centum to the policies written in the second year pre-
ceding, and ten per centum to the policies written in the third year pre-
ceding, and a schedule showing such distribution shall be included in
such annual statement. Each such corporation shall be charged with
indebtedness for outstanding losses upon such policies determined as
follows: (10) For all suits being defended under policies written
more than ten years prior to the date as of which the statement is
made, except suits in which liability is not dependent upon negligence
of the insured, one thousand dollars for each suit; (11) for all suits
being defended under policies written more than five years and less
than ten years prior to the date as of which the statement is made,
except suits in which liability is not dependent upon negligence of
the insured, seven hundred and fifty dollars for each suit; (12) for all
deaths for which the insured are liable without proof of negligence,
covered by policies written more than five years prior to- the date as
of which the statement is made, the amount necessary to pay for such
deaths; (13) for all unpaid claims on account of non-fatal injuries for
which the insured are liable without proof of negligence under policies
written more than five years prior to the date as of which the state-
ment is made, the present value of the estimated future payments;
(14) for the policies written in the five years immediately preceding
the date as of which the statement is made, an amount determined
as follows: Multiply the earned premiums of e'ach such five years as
shown in item (1) by the loss ratio ascertained as in item (6) on all
the policies written in the first five years of the said ten-year period
using as the divisor the sum of the earned premiums shown in item (1)
for such first five years, and as the dividend the sum of the payments
shown in item (2) for such five years plus the sum of the charges in
items (3), (4) and (5) for such first five years, but the ratio to be
used shall in no event be less than fifty-three per centum at said after
December 31st, 1914, nor less than fifty-four per centum at and after
December 31st, 1915, nor less than fifty-five per centum at and after
December 31st, 1916. From the amount so ascertained in each of
the last five years of said ten-year period deduct all payments made
under policies written in the corresponding year as shown in item (2),
and the remainder in the case of each year shall be deemed the indebt-
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