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State of Vermont

House of Representatives

Montpelier, Vermont

House Resolution

H.R. 43

House resolution congratulating the National Life Insurance Company on its 150th anniversary

Offered by: Representatives Brooks of Montpelier, Kitzmiller of Montpelier and Jordan of Middlesex

Whereas, Benjamin Balch, who had been influential in establishing the State Mutual Life Assurance Company of Worcester, Massachusetts, journeyed northward to Vermont with the goal of organizing a similar enterprise in the Green Mountain State, and

Whereas, to achieve this ambitious goal, he enlisted the assistance of several prominent Vermonters, including Dr. Julius Y. Dewey, whose family was destined to play a significant leadership role in the proposed company's future direction, and

Whereas, his quest for incorporation of a mutual insurance company in Vermont proved successful when, on November 13, 1848, the General Assembly adopted "An Act to Incorporate the National Life Insurance Company" for the purpose of making insurance on single lives, joint lives and survivorships, and for making reversionary payments and all other contracts whatsoever pertaining to the business of life and health insurance, and

Whereas, the original incorporators were comprised of a distinguished group of individuals, including the famous Kentucky politician and statesman, Henry Clay, and

Whereas, on May 31, 1849, the National Life Insurance Company convened its first meeting at the Pavilion Hotel in Montpelier, and elected William C. Kittridge, the Speaker of the House of Representatives, to serve as the first chair of the company, and

Whereas, in October 1849, the General Assembly amended the charter of incorporation to provide for the location of the National Life Insurance Company in Montpelier, and

Whereas, in 1850, the first policy was issued and the first survivorship claim was filed, and

Whereas, over the last 150 years, the National Life Insurance Company has grown to become an institution offering life insurance annuities, trusts, investment, and other financial services, with assets in excess of $11 billion, and

Whereas, on Friday, May 12, 2000, when the National Life Insurance Company's annual meeting was convened, a special time capsule was opened in commemoration of the corporation's 150th anniversary, now therefore be it

Resolved by the House of Representatives:

That this distinguished legislative body, the House of the State of Vermont, extends its congratulations to the National Life Insurance Company on the occasion of its 150th anniversary, and be it further

Resolved: That the Clerk of the House be directed to send a copy of this resolution to the National Life Insurance Company in Montpelier.

___________________________ Attested to:

Speaker of the House

___________________________

Donald G. Milne

Clerk, House of Representatives