Laws Relating to Insurance |
From inside the book
Results 1-5 of 62
Page 11
... life insurance has attained enormous proportions . It affects so many interests
that the state has attempted to say under what conditions it may be conducted
and has created a department for the purpose of supervising the business . -
Mich .
... life insurance has attained enormous proportions . It affects so many interests
that the state has attempted to say under what conditions it may be conducted
and has created a department for the purpose of supervising the business . -
Mich .
Page 12
Guaranty Fund Life Society , 119 / 151 . Vested interests in policies of life
insurance . ... Public policy does not forbid an insured selecting as his beneficiary
one not having an insurable interest in his life . - Dolan v . Mutual Benefit Ass ' n ,
152 ...
Guaranty Fund Life Society , 119 / 151 . Vested interests in policies of life
insurance . ... Public policy does not forbid an insured selecting as his beneficiary
one not having an insurable interest in his life . - Dolan v . Mutual Benefit Ass ' n ,
152 ...
Page 14
... exclusive of interest , of not less than one hundred thousand dollars , which
stocks or bonds shall be retained by the state treasurer , and disposed of as
hereinafter directed : Provided , however , That such deposits shall be made
within one ...
... exclusive of interest , of not less than one hundred thousand dollars , which
stocks or bonds shall be retained by the state treasurer , and disposed of as
hereinafter directed : Provided , however , That such deposits shall be made
within one ...
Page 15
... That such first mort - Proviso . gage bonds of corporations organized under the
laws of the state of Michigan shall not be accepted as surety , unless the
corporation issuing such bonds shall have paid interest on said bonds and
dividends on ...
... That such first mort - Proviso . gage bonds of corporations organized under the
laws of the state of Michigan shall not be accepted as surety , unless the
corporation issuing such bonds shall have paid interest on said bonds and
dividends on ...
Page 17
... shall be held by him as security for policy holders in such company ; but so
long as it continues solvent , the When comcompany shall have the right from
time to time to collect ceive interest . and receive the dividends or interest thereon
, and ...
... shall be held by him as security for policy holders in such company ; but so
long as it continues solvent , the When comcompany shall have the right from
time to time to collect ceive interest . and receive the dividends or interest thereon
, and ...
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Common terms and phrases
according agent agreements amend amount ance annual application appointment approved articles of association assessments attorney authorized become beneficiary benefit body bonds by-laws capital cash cause certificate charter claims clerk collected commissioner of insurance company organized condition contract copy corporation corporation or association court death deemed deposit directors duty effect examination exceeding existing expenses filed fire fire insurance five foreign fund further giving held hereafter hold holders hundred incorporated insurance company interest issued laws least less liabilities located losses manner meeting ment Michigan Michigan enact months mutual necessary notice oath paid pany payment Penalty period person premiums published received relating residents risks secretary securities society statement suit term therein thereof thousand dollars tion transact treasurer trustees United unless violation
Popular passages
Page 199 - This entire policy shall be void if the insured has concealed or misrepresented, in writing or otherwise, any material fact or circumstance concerning this insurance or the subject thereof...
Page 198 - This company shall not be liable beyond the actual cash value of the property at the time any loss or damage occurs, and the loss or damage shall be ascertained or estimated according to such actual cash value, with proper deduction for depreciation however caused, and shall in no event exceed what it would then cost the insured to repair or replace the same with material of like kind and quality...
Page 200 - This company shall not be liable for loss caused directly or indirectly by invasion, insurrection, riot, civil war or commotion, or military or usurped power, or by order of any civil authority...
Page 30 - ... nor shall any such company or any officer, agent, solicitor or representative thereof, pay, allow or give, or offer to pay, allow or give, directly or indirectly as inducement to insurance, any rebate of premium payable on the policy, or any special favor or advantage in the dividends or other benefits to accrue thereon, or any paid employment or contract for services of any kind or any valuable consideration or inducement whatever not specified in the policy contract of insurance...
Page 200 - ... notice of such cancellation. If this policy shall be canceled as hereinbefore provided, or become void or cease, the premium having been actually paid, the unearned portion shall be returned on surrender of this policy or last renewal, this company retaining the customary short rate; except that when this policy is canceled by this company by giving notice it shall retain only the pro rata premium.
Page 199 - This entire policy, unless otherwise provided by agreement indorsed hereon or added hereto, shall be void if the insured now has or shall hereafter make or procure any other contract of insurance, whether valid or not, on property covered in whole or in part by this policy...
Page 34 - A provision which, in event of default in premium payments, after premiums shall have been paid for three full years, shall secure to the owner of the policy a stipulated form of insurance, the net value of which shall be at least equal to the reserve at the date of default on the policy, and on any dividend additions thereto...
Page 76 - And any person who shall -wilfully make a false statement of any material fact or thing in a sworn statement as to the death or disability of a certificate holder in any such...
Page 67 - ... file in the office of the secretary of state, and also in the office of the clerk of the county in which the...
Page 74 - The names, residences and official titles of all the officers, trustees, directors or other persons who are to have and exercise the general control and management of the affairs and...