Subseries 2: Risk and Expiration Books, 7-year and Perpetual, 1794-1971

Risk Books and Expiration Books were the means through which the Society tracked the total amount of insurance in force at any given time. The amount of coverage for a given policy was posted to the risk book at issuance. Upon expiration (in the case of 7-year policies) or cancellation (in the case of perpetual policies) the amount of coverage was posted to the expiration or cancellation book. Running totals were maintained for both, so that subtracting expirations/cancellations from risks at any given time would yield the current amount of insurance in force. Alternately, the expirations were periodically posted to the risk book and subtracted from the amount of insurance in force. Arranged chronologically, each entry indicates policy number, name of insured, and amount of insurance.