Official Report of the Proceedings of the National Insurance Convention of the United States, Volume 2J.H. and C.M. Goodsell, 1872 - Insurance |
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Page xxii
... four per cent basis ; and the present working machinery of life insurance is almost wholly upon that . * ** * * * ** * * 2. If a higher rate is assumed , a lower one will ultimately have to be taken , and then the companies must wind up ...
... four per cent basis ; and the present working machinery of life insurance is almost wholly upon that . * ** * * * ** * * 2. If a higher rate is assumed , a lower one will ultimately have to be taken , and then the companies must wind up ...
Page xxxix
... four- per - cent states , " who in the desire to bring everything to their own extreme standard of reserve , might be willing to go to the length of attempting to defeat the preponderant majority in the Convention , in favor of four ...
... four- per - cent states , " who in the desire to bring everything to their own extreme standard of reserve , might be willing to go to the length of attempting to defeat the preponderant majority in the Convention , in favor of four ...
Page xl
... four - and - a - half per cent basis of reserve , which after a little , as circumstances should seem to require it , could be changed to either a four or five per cent , than by neglect of the present opportunity for compromise , to ...
... four - and - a - half per cent basis of reserve , which after a little , as circumstances should seem to require it , could be changed to either a four or five per cent , than by neglect of the present opportunity for compromise , to ...
Page 8
... four per cent , on single premium policies for $ 1,000 , at a few ages : Age , 40 .. 64 50 .. 66 60 .... 66 66 66 70 .. 80 .. 90 ..... $ 227.889 Age , 91 . 318.134 66 92 437.895 93 580.167 66 94 729.236 66 95 875.803 66 96 ...
... four per cent , on single premium policies for $ 1,000 , at a few ages : Age , 40 .. 64 50 .. 66 60 .... 66 66 66 70 .. 80 .. 90 ..... $ 227.889 Age , 91 . 318.134 66 92 437.895 93 580.167 66 94 729.236 66 95 875.803 66 96 ...
Page 33
... four per cent be substituted for the table of mortality and rate of interest recom- mended by the committee on valuation , etc. , for the basis of determining the reserve to be held by the life insurance com- panies . The motion was ...
... four per cent be substituted for the table of mortality and rate of interest recom- mended by the committee on valuation , etc. , for the basis of determining the reserve to be held by the life insurance com- panies . The motion was ...
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Common terms and phrases
actuaries adopted agents amendment American Experience Table amount annual premium appointed assets average bonds BREESE calculations CALDWELL capital cent interest cent per annum certificate charge Chicago fire committee Connecticut contract deducting deposit dividends ELIZUR WRIGHT expenses fact favor fire insurance four per cent four-and-a-half per cent funds gentleman GUSTAVUS W half per cent HARTRANFT HARVEY impaired insurance commissioner insurance companies insurance department invested Kentucky legislation legislature liabilities lives loan losses Louisiana marine Massachusetts matter ment MILLER Missouri motion mutual companies National Insurance Convention officers OLCOTT paid panies person PILLSBURY policyholders present PRESIDENT profits question rate of interest re-insurance recommend regard reserve resolution risks Secretary then read securities Service of process session single premium six per cent standard statement statute table of mortality taxation tion usury valuation vote Wisconsin York
Popular passages
Page 129 - Parties may agree in writing for the payment of any rate of interest whatever on money due or to become due on any contract. Any judgment rendered on such contract shall conform thereto, and shall bear the interest agreed upon by the parties, and which shall be specified in the judgment.
Page 249 - Auditor shall approve, it shall be lawful for the said company to require the return of the original certificate of stock held by such stockholder, and in lieu thereof, to issue new certificates for such number of shares as the said...
Page 253 - Upon filing declaration or certified copy of charter, twenty-five dollars. "Upon filing annual statement, twenty dollars. ' ' For each certificate of authority, and certified copy thereof, two dollars. "For every copy of any paper filed in the department, the sum of twenty cents per folio, and for affixing the official seal to such copy, and certifying the same, one dollar. ' ' For valuing policies of life insurance companies, ten dollars per million of insurance, or any fraction thereof.
Page 129 - When there is no express contract in writing, fixing a different rate of interest, interest shall be allowed at the rate of ten per cent, per annum, for all moneys after they become due on any bond, bill, promissory note, or other instrument of writing...
Page 242 - State or country any taxes, fines, penalties, licenses, fees, deposits of money or of securities, or other obligations or prohibitions are imposed on insurance companies of this State doing business in such other State or country, or upon their agents therein, in excess of such taxes, fines, penalties, licenses, fees, deposits of money or of securities, or other obligations or prohibitions...
Page 253 - ... bonds and mortgages as aforesaid, and to change and reinvest the same as occasion may from time to time require ; but any surplus money over and above the capital stock of any such fire and inland navigation insurance companies, or any fire insurance companies incorporated under any law of stocL, &c.
Page 255 - ... appointed by him for that purpose, who shall certify, under oath, that the capital herein required of the company named in the charter, according to the nature of the business proposed to be transacted by such company, has been paid in and is possessed by it in money, or in such stocks...
Page 256 - Such as shall be requisite for its immediate accommodation in the convenient transaction of its business: or, 2. Such as shall have been mortgaged to it in good faith, by way of security for loans previously contracted, or for monies due: or, 3.
Page 119 - ... for all moneys after they become due on any bond, bill, promissory note, or other instrument of writing, on any judgment recovered before any court in this state, for money lent, for money due on the settlement of accounts, from the day on which the balance is ascertained, and for money received to the use of another.
Page 267 - ... foreclosure or suit has not been commenced for collection, or which after judgment obtained thereon shall have remained more than two years unsatisfied, and on which interest shall not have been paid ; and...