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7 4 2 FEDERAL RESERVE BOARD WASHINGTON address official correspondence t o the federal reserve board June 10, 1931 B-37S SUBJECT: Group Life I n s t a n c e Dear S i r : In connection with the recommendation of the recent Governors' Conference regarding group l i f e insurance, i t w i l l "be appreciated if you will kindly furnish the Board at your early convenience with the following: 1 . Copies of any group l i f e insurance p o l i c i e s taken out since your reply to Board's l e t t e r X-4818 of March 28, 1927 and of a l l r i d e r s or endorsements attached since that time to group l i f e i n surance policies now in e f f e c t . 2 . Average gross premium paid per thousand dollars of insurance currently and during the preceding year, together with copies of "age d i s t r i b u t i o n and average rate" computations f o r these years as furnished "by the insurance company. 3 . (a) Amount of dividends, i f any, received during the current and the preceding year, (b) net cost of insurance carried exclusively by the bank, (c) aggregate net payments by o f f i c e r s and employees for additional insurance, and (d) net contribution, if any, of bank towards such additional insurance. Very truly yours, E. M. McClelland, Assistant Secretary. TO ALL CHAIRMEN*
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