Laws Relating to InsuranceState Printers., 1909 - Insurance law |
From inside the book
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Page 13
... meetings of the corporation ; and , Seventh , Any terms and conditions of membership therein which the corporators may have agreed upon , and which they may deem important to have set forth in such articles . And the said corporators ...
... meetings of the corporation ; and , Seventh , Any terms and conditions of membership therein which the corporators may have agreed upon , and which they may deem important to have set forth in such articles . And the said corporators ...
Page 14
... meeting called for that purpose to not more than one million dollars ; and no such stock company , and no company organized to do busi- ness on the mutual plan , shall be authorized to issue policies or assume any risk whatever until ...
... meeting called for that purpose to not more than one million dollars ; and no such stock company , and no company organized to do busi- ness on the mutual plan , shall be authorized to issue policies or assume any risk whatever until ...
Page 17
... meeting such claims , shall have been made good by further deposit with said state treasurer of the like securities : Provided , however , That if Proviso . any such company shall become insolvent , and proceedings shall be taken in ...
... meeting such claims , shall have been made good by further deposit with said state treasurer of the like securities : Provided , however , That if Proviso . any such company shall become insolvent , and proceedings shall be taken in ...
Page 22
... meeting . ( 27 ) § 7204. SEC . 15. Any company formed under this act shall have the power to amend its articles of association , at any regular meeting of the stockholders or members . called by the directors for that purpose . But ...
... meeting . ( 27 ) § 7204. SEC . 15. Any company formed under this act shall have the power to amend its articles of association , at any regular meeting of the stockholders or members . called by the directors for that purpose . But ...
Page 28
... meeting , or at any special meeting duly called for the purpose , be entitled to the benefit of such constitutional amendment ; and its corporate existence shall thereupon and thereby be extended for the period specified in such vote ...
... meeting , or at any special meeting duly called for the purpose , be entitled to the benefit of such constitutional amendment ; and its corporate existence shall thereupon and thereby be extended for the period specified in such vote ...
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Common terms and phrases
aforesaid agent agreements amend ance annual statement application appointment articles of association Ass'n assessments asso assumpsit attorney bonds by-laws canceled certificate of authority certified copy charter ciation claims commis commissioner of insurance company is located company or association condition contract corporation or association county clerk county jail court debts deposit directors duty examination exceeding expenses filed fire insurance company forfeiture fund hereafter hereby hereinafter hundred dollars imprisonment incorporated insurance policy laws liabilities losses manner marine insurance ment Michigan enact misdemeanor missioner of insurance mortgage mutual benefit mutual fire insurance mutual insurance note to section notice oath paid pany payable payment Penalty person policy holders policy of insurance policy or certificate poration premium note property insured purpose reinsurance residents risks secretary securities service of process sioner of insurance society surance surety surety bonding therein thousand dollars tion transacting business treasurer trustees violation
Popular passages
Page 201 - 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 200 - 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 202 - 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 202 - ... 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 201 - 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 78 - 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 69 - ... file in the office of the secretary of state, and also in the office of the clerk of the county in which the...
Page 76 - 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...