Life Insurance: A Textbook |
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This is an excellent book! For those working on the insurance industry is a must read.
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Common terms and phrases
according accumulated agent allowed American amount annual annual premium annuity application assignment assumed become beneficiary benefit cash cent chapter charged claims clause computed consideration considered continue contract cost courts death dependent desired disability dividends earnings effect endowment entire equal exist expenses experience extended face fact five force fund future give given illustration important income increase installments instances interest investments issued life-insurance limited lives loading loan loss matter maturity means ment method mortality named nearly necessary occur ordinary paid payable payment period person policyholders possible practice premium present probability protection purchase question reason receive referred regards represent reserve respect result risk rule saving secure single premium societies surplus surrender term tion twenty usually various
Popular passages
Page 384 - It is not easy to define with precision what will in all cases constitute an insurable interest so as to take the contract out of the class of wager policies. It may be stated generally, however, to be such an interest, arising from the relations of the party obtaining the insurance, either as creditor of or surety for the assured, or from the ties of blood or marriage to him, as will justify a reasonable expectation of advantage or benefit from the continuance of his life.
Page 439 - A provision that all statements made by the insured shall, in the absence of fraud, be deemed representations and not warranties...
Page 403 - Provided, That when any bankrupt shall have any insurance policy which has a cash surrender value payable to himself, his estate, or personal representatives, he may, within thirty days after the cash surrender value has been ascertained and stated to the trustee by the company issuing the same, pay or secure to the trustee the sum so ascertained and stated, and continue to hold, own and carry such policy free from the claims of the creditors participating in the distribution of his estate under...
Page 405 - If any beneficiary shall die before the Insured the interest of such beneficiary shall vest in the Insured.
Page 403 - ... as of the date of the filing of the petition initiating a proceeding under this title * * * to all of the following kinds of property * * * (5) property, including rights of action, which prior to the filing of the petition he could by any means have transferred or which might have been levied upon and sold under judicial process against him...
Page 384 - But in all cases there must be a reasonable ground, founded upon the relations of the parties to each other, either pecuniary or of blood or affinity, to expect some benefit or advantage from the continuance of the life of the assured.
Page 465 - ... that said member is in good standing in this order at the time of his death; and provided also that this certificate shall not have been surrendered by said member, and another certificate issued at his request, in accordance with the laws of this order.
Page 411 - ... this insurance, as to the interest of the mortgagee (or trustee) only therein, shall not be invalidated by any act or neglect of the mortgagor or owner...
Page 464 - ... benefit certificate shall bind the member and his beneficiaries and shall govern and control the agreement in all respects the same as though such changes, additions or amendments had been made prior to and were in force at the time of the application for membership.
Page 389 - ... assigned to one who has no insurable interest in the life of the insured; and...
Bibliographic information
| Title | Life Insurance: A Textbook |
| Author | Solomon Stephen Huebner |
| Publisher | D. Appleton, 1915 |
| Original from | the University of California |
| Digitized | 28 Sep 2007 |
| Length | 482 pages |
| Export Citation | BiBTeX EndNote RefMan |