Fire Insurance Laws, Taxes and FeesSpectator Company, 1913 Containing a digest of the statutory requirements in the United States and Canada relating to fire insurance companies and agents, with many quotations from the statutes, also a compilation of county and municipal taxes. |
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Página 36
... CAPITAL REQUIRED — Company must have at least $ 200,000 capital , fully paid ... stock com- pany not less than five ; for a mutual company , not less than ... stock of or in any manner adding or taking part in the formation of business of ...
... CAPITAL REQUIRED — Company must have at least $ 200,000 capital , fully paid ... stock com- pany not less than five ; for a mutual company , not less than ... stock of or in any manner adding or taking part in the formation of business of ...
Página 37
... capital stock impaired to the amount of 20 per cent . , or that its assets are insufficient to justify its continuance in business , it must repair the de- ficiency or have its license revoked . Sec . 7. " When mutual companies are ...
... capital stock impaired to the amount of 20 per cent . , or that its assets are insufficient to justify its continuance in business , it must repair the de- ficiency or have its license revoked . Sec . 7. " When mutual companies are ...
Página 39
... capital stock and all out- standing claims a sum equal to the total unearned premium less unearned premium on amount reinsured on the policies in force computed on a pro rata basis . " RESIDENT AGENTS — Sec . 26. " It shall be unlawful ...
... capital stock and all out- standing claims a sum equal to the total unearned premium less unearned premium on amount reinsured on the policies in force computed on a pro rata basis . " RESIDENT AGENTS — Sec . 26. " It shall be unlawful ...
Página 42
... capital stock , and one - tenth of one per cent additional on all amounts in excess of ten thousand ( $ 10,000 ) dollars ; and shall pay for any increase of its capital stock twenty - five ( $ 25 ) dollars on the first ten thousand ...
... capital stock , and one - tenth of one per cent additional on all amounts in excess of ten thousand ( $ 10,000 ) dollars ; and shall pay for any increase of its capital stock twenty - five ( $ 25 ) dollars on the first ten thousand ...
Página 43
... capital stock is im- paired twenty per cent , Commissioner shall notify company to make good in sixty days . No new business shall be done until the paid - up capital shall be equal to the amount required by law for the transaction of ...
... capital stock is im- paired twenty per cent , Commissioner shall notify company to make good in sixty days . No new business shall be done until the paid - up capital shall be equal to the amount required by law for the transaction of ...
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Términos y frases comunes
ance application appointed assets attorney authorized to transact bonds broker business of insurance CANCELLATION capital stock cash centum certificate of authority certificate of deposit certified copy coinsurance commission Commissioner of Insurance company doing business company or association contract of insurance copy of charter December 31 deposit domestic company examination FIRE DEPARTMENT fire insurance company foreign companies funds gross premiums HOME OFFICE insurance business Insurance Commissioner insurance corporation Insurance Department invested issued laws less liabilities license to deal loaned marine insurance mortgage mutual companies paid pany payable January payable October payment Penalty for violation person policy of insurance POLICY-No policyholders power of attorney premiums received procure property insured real estate reinsurance resident agents return premiums revocation of license revoked risks securities SEMI-ANNUAL service of process STATEMENTS-Must be filed Superintendent of Insurance surance surplus TAXES AND FEES thereof tion transact business unauthorized companies United
Pasajes populares
Página 467 - This policy shall be canceled at any time at the request of the insured ; or by the company by giving five days' 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...
Página 486 - ... the net addition, if any, required by law to be made within the year to reserve...
Página 484 - Columbia, shall be subject to pay annually a special excise tax with respect to the carrying on or doing business by such corporation, joint stock company or association, or insurance company, equivalent to one per centum upon the entire net income over and above five thousand dollars received by it from all sources during such year...
Página 288 - ... 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...
Página 127 - State, and to pay the superintendent of said department for taxes, fines, penalties, certificates of authority, license fees and otherwise, an amount equal to the amount of such charges and payments imposed by the laws of such State upon the companies of this State and the agents thereof.
Página 272 - Whenever any policy of insurance shall be written to insure any real property in this state against loss by fire, tornado, or lightning, and the property, insured shall be wholly destroyed, without criminal fault on the part of the insured or his assigns, the amount of the insurance written in such policy shall be taken conclusively to be the true value of the property insured, and the true amount of loss and measure of damages.
Página 140 - General, to institute proceedings for the appointment of a receiver to wind up the affairs of the bank.
Página 292 - 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.
Página 192 - Whoever, for compensation, acts or aids in any manner in negotiating contracts of insurance or reinsurance or placing risks or effecting insurance or reinsurance for a person other than himself, and not being the appointed agent or officer of the company in which such insurance or reinsurance is effected, shall be deemed an insurance broker, and no person shall act as such broker save as provided in this section.
Página 458 - It shall be optional, however, with this company to take all, or any part, of the articles at such ascertained or appraised value, and also to repair, rebuild, or replace the property lost or damaged with other of like kind and quality...