Official Report of the Proceedings of the National Insurance Convention of the United States, Volume 5J.H. and C.M. Goodsell, 1875 - Insurance |
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Page 8
... equal force to the items of accrued interest or interest due and unpaid ; but the practice of making oath that such interest has actually been received and is a part of cash income is reprehensible , morally , and cannot be defended as ...
... equal force to the items of accrued interest or interest due and unpaid ; but the practice of making oath that such interest has actually been received and is a part of cash income is reprehensible , morally , and cannot be defended as ...
Page 17
... equal way to levy it would be to lay the tax directly on the policy when paid . " This is always done indirectly , no matter how the tax is levied , but the real effect of it is only increased by the indirection . A tax that should take ...
... equal way to levy it would be to lay the tax directly on the policy when paid . " This is always done indirectly , no matter how the tax is levied , but the real effect of it is only increased by the indirection . A tax that should take ...
Page 23
... equal to five per cent . thereof , plus fifteen per cent . of the net ordinary life rate at the same age . 5. ( They shall also ) find each policy's share of the assets in the proportion of the latter to the liabilities as found in ...
... equal to five per cent . thereof , plus fifteen per cent . of the net ordinary life rate at the same age . 5. ( They shall also ) find each policy's share of the assets in the proportion of the latter to the liabilities as found in ...
Page 25
... equal to that of the company reinsuring it , there cannot be any insu- perable difficulties in the way of a just and beneficial amalgamation . Abuses there are , and remedies can be found for them . Mr. Bryant's suggestion is a good one ...
... equal to that of the company reinsuring it , there cannot be any insu- perable difficulties in the way of a just and beneficial amalgamation . Abuses there are , and remedies can be found for them . Mr. Bryant's suggestion is a good one ...
Page 10
... equal way to levy it would be to lay the tax directly on the policy when paid . " This is always done indirectly , no matter how the tax is levied , but the real effect of it is only increased by the indirection . A tax that should take ...
... equal way to levy it would be to lay the tax directly on the policy when paid . " This is always done indirectly , no matter how the tax is levied , but the real effect of it is only increased by the indirection . A tax that should take ...
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Common terms and phrases
actuary adopted agents amalgamation amount ance annual statement application assets assume Attorney-General average balance basis of taxation blank bonds Cash paid cent certificate citizens or corporations Committee company doing business company organized constitutional Convention cost courts death Deduct deposit discriminate dividends dollars evils examination expenses fact fallacy fire insurance company friends of sound funds gentlemen gross premiums Gustavus W high ages imposed income inferior risks insurance business Insurance Commissioner Insurance Department insurance laws interest invested issued JULIUS L legislation levied liability Liens lives loading Loans longevity losses marine insurance Massachusetts miums mortality mortality tables mortgages Net Present Value pany person Pillsbury plateau policy-holders Premium Notes premium receipts Present value privilege Productive business profit protection question received reinsurance reserve resolution Rhodes Secretary Service of process session solvency surance surplus term-life thereof tion Total York
Popular passages
Page 13 - It is not intended to say that these words comprehend that commerce which is completely internal, which is carried on between man and man in a state, or between different parts of the same state, and which does not extend to or affect other states. Such a power would be inconvenient, and is certainly unnecessary. Comprehensive as the word among is, it may very properly be restricted to that commerce which concerns more states than one.
Page 2 - 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 19 - Any company, receiving the aforesaid requisition from the comptroller, shall forthwith call upon its stockholders for such amounts as will make its capital equal to the amount fixed by the charter of said company ; and in case any stockholder of such company shall refuse or neglect to pay the amount so called for, after notice personally given or by...
Page 5 - Comptroller shall take and subscribe the oath of office prescribed by the Constitution and laws of...
Page 12 - 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 19 - ... the said stockholder may be entitled to, in the proportion that the ascertained value of the funds of the said company may be found to bear to the original capital of the said company...
Page 20 - ... company should not be closed, and the court shall thereupon proceed to hear the allegations and proofs of the respective parties; and in case it shall appear to the satisfaction of said court that the assets and funds of...
Page 12 - Comptroller, that the interests of the company will suffer materially by a forced sale of such real estate, in which event the time for the sale may be extended to such time as the Comptroller shall direct in said certificate.
Page 2 - State or nation, or upon their agents therein, so long as such laws continue in force, the same obligations and prohibitions, of whatever kind, shall be imposed upon all insurance companies of such other State or nation doing business within this State, and upon their agents here.
Page 12 - Such as shall have been mortgaged to it in good faith, by way of security for loans previously contracted, or for moneys due : or, 3. Such as shall have been conveyed to it in satisfaction of debts previously contracted in the course of its dealings : or, 4. Such a." shall have been purchased at sales upon judgments, decrees or mortgages obtained or made for such debts...