General Insurance Statutes of the State of New York: Including Alterations and Amendments to the Close of the Session of the Legislature of 1882, and Such of the General Statutes of the State Relating to Corporations and Joint-stock Companies, as are Applicable to Insurance Companies, References to Judicial Decisions, Explanatory Notes and a Table of Statutes and an Index |
From inside the book
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Page 19
... scrip dividends by participating companies ; but no such scrip dividends shall be paid , except from surplus profits , after reserv- ing all sums as above provided , including the whole amount of premiums on unexpired risks . The word ...
... scrip dividends by participating companies ; but no such scrip dividends shall be paid , except from surplus profits , after reserv- ing all sums as above provided , including the whole amount of premiums on unexpired risks . The word ...
Page 21
... scrip , issued to the insured for such profits , shall be liable for the losses to be sus- tained ; and any company so doing , whenever an amount not less than one hundred thousand dollars has been accumulated and scrip so issued ...
... scrip , issued to the insured for such profits , shall be liable for the losses to be sus- tained ; and any company so doing , whenever an amount not less than one hundred thousand dollars has been accumulated and scrip so issued ...
Page 26
... scrip , declared but not yet due . 6. The amount of money borrowed and security given for the payment thereof . 7. The amount of all other existing claims against the company . FOURTH . The income of the company during the preceding ...
... scrip , declared but not yet due . 6. The amount of money borrowed and security given for the payment thereof . 7. The amount of all other existing claims against the company . FOURTH . The income of the company during the preceding ...
Page 52
... scrip to bear interest ; final accounting . 11. Effect of this act upon business of certain companies . 12. Powers of receiver . 13. Compensation of receiver ; may employ clerks and actuaries ; how paid . 14. Inquiries by superintendent ...
... scrip to bear interest ; final accounting . 11. Effect of this act upon business of certain companies . 12. Powers of receiver . 13. Compensation of receiver ; may employ clerks and actuaries ; how paid . 14. Inquiries by superintendent ...
Page 84
... Scrip to bear interest . Surplus . ment , into the affairs of said company , and if , upon such investi- gation , it shall be found that a surplus of its assets , not less in amount than ten thousand dollars , exists , after making ...
... Scrip to bear interest . Surplus . ment , into the affairs of said company , and if , upon such investi- gation , it shall be found that a surplus of its assets , not less in amount than ten thousand dollars , exists , after making ...
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Other editions - View all
General Insurance Statutes of the State of New York: Including Alterations ... Charles G. Fairman No preview available - 2016 |
Common terms and phrases
action aforesaid amended by Laws amount ance annual statements apply appointed articles of association assessment assets attorney attorney-general authorized Bank Barb by-laws capital stock cash capital certificate chap charter company formed company incorporated company or association comptroller corporation creditors debts declaration deemed deposit directors dividends duty effect eighteen hundred election examination filed fire department fire insurance companies hereafter hereby insurance department invested joint-stock company laws of eighteen liabilities loaned loss or damage manner marine insurance ment mutual company mutual insurance notice oath paid pany par value PASSED April passed June payment penalty person poration powers premiums prescribed president proceedings profits property insured purpose real estate receiver reinsurance repealed risks scrip secretary securities special reserve fund specified stockholders superin superintendent surance surplus tendent therein thereof tion treasurer trustees violation vote York
Popular passages
Page 71 - It shall be lawful for any married woman, by herself, and in her name, or in the name of any third person, with his assent, as her trustee, to cause to be insured, for her sole use, the life of her husband for any definite period, or for the term of -his natural life; and in case of her surviving her husband...
Page 273 - To divide, withdraw, or in any manner, except as provided by law, pay to the stockholders, or any of them, any part of the capital stock of the corporation; or, 3.
Page 102 - 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.
Page 274 - ... with intent to defraud, omits to make, or to cause or direct to be made, a full and true entry thereof in the books...
Page 27 - States, or any foreign government, for any of the purposes specified in this act, directly or indirectly to take risks or transact any business of insurance in this state, unless possessed of the amount of actual capital required of similar companies formed under the provisions of this act...
Page 192 - Dues from corporations shall be secured by such individual liability of the corporators and other means as may be prescribed by law.
Page 98 - Such persons shall file in the office of the Superintendent of the Insurance Department* a declaration, signed by all the corporators, expressing their intention to form...
Page 162 - ... and operations during the year ending on the thirty-first day of December immediately preceding, which annual report shall be in lieu of all other reports required by any other law.
Page 125 - An act to provide for the incorporation of life and health insurance companies, and in relation to agencies of such companies...
Page 274 - ... 3. Knowingly (a), concurs in making or publishing any written report, exhibit or statement of its affairs or pecuniary condition containing any material statement which is false, or (b), omits or concurs in omitting any statement required by law to be contained therein; or, 4.