...groups in accordance with sound actuarial practice and risk characteristics. Each group account was credited with the income and charged with the expenses...losses of the mortgages in the group. If such income exceeded the expenses and losses, the resultant credit balance was distributed in the form of participation...

...203, and that received with respect to insurance granted prior to February 3, 1938, under section 207. Section 205 of the act provides that mortgages insured...balance is distributed in the form of participation dividends to mortgagors of the group upon payment in full of their mortgages, or upon termination of...

...groups in accordance with sound actuarial pract ice and risk characteristics. Each group account \vas credited with the income and charged with the expenses and losses of the mortgages in the ^roup. If income exceeded expenses and losses, the resultant credit balance was distributed in the...

...groups in accordance with sound actuarial practice and risk characteristics. Each group account was credited with the income and charged with the expenses...losses of the mortgages in the group. If such income exceeded the expenses and losses, the resultant credit balance was distributed in the form of participation...

...groups in accordance with sound actuarial practice and risk characteristics. Each group account was credited with the income and charged with the expenses...losses of the mortgages in the group. If such income exceeded the expenses and losses, the resultant credit balance was distributed in the form of participation...

...groups in accordance with sound actuarial practice and risk characteristics. Each group account was credited with the income and charged with the expenses...losses of the mortgages in the group. If such income exceeded the expenses and losses, the resultant credit balance was distributed in the form of participation...

...groups in accordance with sound actuarial practice and risk characteristics. Each group account was credited with the income and charged with the expenses...losses of the mortgages in the group. If such income exceeded the expenses and losses, the resultant credit balance was distributed in the form of participation...

...groups in accordance with sound actuarial practice and risk characteristics. Each group account was credited with the income and charged with the expenses...losses of the mortgages in the group. If such income exceeded the expenses and losses, the resultant credit balance was distributed in the form of participation...

...groups in accordance with sound actuarial practice and risk characteristics. Each group account was credited with the income and charged with the expenses...losses of the mortgages in the group. If such income exceeded the expenses and losses, the resultant credit balance was distributed in the form of participation...

...groups in accordance with sound actuarial practice and risk characteristics. Each group account was credited with the income and charged with the expenses...losses of the mortgages in the group. If such income exceeded the expenses and losses, the resultant credit balance was distributed in the form of participation...