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 21
... risks are greater than the good resulting from the exercise of that power . They , therefore , recommend the ... risk authorized to be taken by any other , should be so amended as to prohibit any such reinsur- ance after six months from ...
... risks are greater than the good resulting from the exercise of that power . They , therefore , recommend the ... risk authorized to be taken by any other , should be so amended as to prohibit any such reinsur- ance after six months from ...
Page 23
... risks of the insolvent com- pany , according to the list mentioned . When offers have been received from * * solvent companies the superintendent shall advertise and notify all holders of policies of $ 1,000 and upward * * * * to give ...
... risks of the insolvent com- pany , according to the list mentioned . When offers have been received from * * solvent companies the superintendent shall advertise and notify all holders of policies of $ 1,000 and upward * * * * to give ...
Page 24
... risk was first taken . " The resolution would then provide that no life insurance company shall be per- mitted to reinsure any of its risks or any part thereof except with the written consent of the policy - holder . With the consent of ...
... risk was first taken . " The resolution would then provide that no life insurance company shall be per- mitted to reinsure any of its risks or any part thereof except with the written consent of the policy - holder . With the consent of ...
Page 25
... risks thrust into them . Mr. Rhodes thought the evils of amalgamation had been great in the past , and he suggested ... risk better than the average wishes to sur- render , he can only claim a portion of the reserve ; while on the other ...
... risks thrust into them . Mr. Rhodes thought the evils of amalgamation had been great in the past , and he suggested ... risk better than the average wishes to sur- render , he can only claim a portion of the reserve ; while on the other ...
Page 26
... risks was not advisable . Fire companies in New York and Massachusetts are only allowed to divide ten per cent . or twelve per cent . until they shall have accumulated a given surplus , and he thought such a law would be equally ...
... risks was not advisable . Fire companies in New York and Massachusetts are only allowed to divide ten per cent . or twelve per cent . until they shall have accumulated a given surplus , and he thought such a law would be equally ...
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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...