2013 - AP - An Empirical Analysis of Life Insurance Policy Surrender Activity, by David T. Russell, Stephen G. Fier, James M. Carson, and Randy E. Dumm - 23p
1877 0723 - New York Senate - Testimony Taken Before the Senate Committee on Charges Against De Witt O. Ellis, Superintendent of the Banking Department - [PDF-1557p-GooglePlay]
(p1177) - By Mr MCGUIRE:
A. I have parted with two or three life insurance policies.
Q. Sell them for the amount of the loan, or at a discount ?
A. at the price the insurance company would pay for them.
By Mr. TRACY :
Q. That is what is called " surrendered value ?”
A. Yes, sir.
(p1189) - New YorkSenator Augustus Schoonmaker Jr. (14th)– Mr. President, just one single suggestion.
Here was an institution (this bank) fearfully insolvent.
It now appears - at any rate, the testimony is offered to show that another corporation (an insurance company, also insolvent), became complicated.
Now, one question before the Senate is, what influences were at work about these institutions?