EDWIN WARFIELD, ESQ., GOVERNOR.

221

and every year, the first valuation being as of the 31st day
of December, 1907. The standard for valuing death, old

CHAP. 164

age and annuity benefits and contributions therefor shall be
the National Fraternal Congress Table of Mortality and 4%
interest, or some higher mortality and lower interest assump-
tion. The disability benefits and contributions therefor shall
be valued by the Manchester Unity (1897) Experience and 4%,
or lower interest assumption. The valuation may be made
on the basis of preliminary term for the first year of protec-
tion, and on the basis of a probationary period of six months
for disability benefits after entry into the society, and a like
period of six months between declaring off and on the funds
for disability benefits. In order to provide against or correct
any temporary impairment of reserve funds as might result
from epidemics and other emergencies or contingencies
developed in practical operation, and that might be disclosed
by any annual valuation, this corporation shall have the
right and power to levy extra assessments, or to declare liens
upon certificates, or to take such other reasonable action as
might be necessary to cure any such impairment of its reserve
funds, or prevent any future impairments.

8 A. That this corporation shall annually, on or before the
first day of March, file with the Insurance Commissioner a

Assets and lia-
bilities to be
valued annu-
ally.

statement under oath of its supreme president and supreme
secretary of its condition and standing on the 31st day of
December next preceding, and of its transactions for the
year ending on that date, as shown by its books on that day,
including a schedule of all certificates in force on that date,
in order that the said commissioner may verify the valuation
of all such certificates, as ascertained annually by the cor-
poration as to whether the reserve funds of said incorporation
are intact, in accordance with its plan and the aforesaid
National Fraternal Congress Table of Mortality and the Man-
chester Unity Table of Disability Experience, and 4% inter-
est. And for the purpose of verifying any and all reports
made to him by this corporation, including its valuations,
the Insurance Commissioner, or any person he may appoint,
shall have the power of visitation and examination into its
affairs and transactions. He may employ assistants for the

Statement to
be filed annu-
ally with the
Insurance
Commis-
sioner under
oath.

purpose of such examination, and he or any person he may
appoint shall have free access to all the books, papers and
documents that relate to the business of the corporation, and

Assistants
may be em-
ployed.