Life Insurance: A Textbook |
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Page xv
... powers , 356. Subject matter to which state legislation especially applies , 358. State supervision in practice , 363. State versus na- tional control , 364 PART V IMPORTANT LEGAL PHASES OF LIFE INSURANCE CHAPTER XXVIII CONTENTS XV.
... powers , 356. Subject matter to which state legislation especially applies , 358. State supervision in practice , 363. State versus na- tional control , 364 PART V IMPORTANT LEGAL PHASES OF LIFE INSURANCE CHAPTER XXVIII CONTENTS XV.
Page 8
... matter will there- fore not be discussed in detail at this time . Suffice it to state that the reasons just mentioned make it essential for the com- panies to compute their premiums on the basis of some table of mortality experience ...
... matter will there- fore not be discussed in detail at this time . Suffice it to state that the reasons just mentioned make it essential for the com- panies to compute their premiums on the basis of some table of mortality experience ...
Page 16
... matter of life insurance should , also be emphasized . She should be taught that it is not only her husband's duty adequately to protect the family , if that is at all possible , but that it is also her duty , if necessary , to use her ...
... matter of life insurance should , also be emphasized . She should be taught that it is not only her husband's duty adequately to protect the family , if that is at all possible , but that it is also her duty , if necessary , to use her ...
Page 36
... matter important when reporting upon the financial standing of business , as was clearly indicated by the late Charles F. Clarke , President of the Bradstreet Company , when he wrote : " It is practically beyond a doubt that corporation ...
... matter important when reporting upon the financial standing of business , as was clearly indicated by the late Charles F. Clarke , President of the Bradstreet Company , when he wrote : " It is practically beyond a doubt that corporation ...
Page 61
... matter may be illustrated by the following example : A merchant may display a large variety of suits of clothes all valued at the same price . But , despite their common value , these suits may differ in color , style , and material ...
... matter may be illustrated by the following example : A merchant may display a large variety of suits of clothes all valued at the same price . But , despite their common value , these suits may differ in color , style , and material ...
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Common terms and phrases
accumulated actuarial agency agent American Experience table amount of insurance ance annual level premium annual premium annuity due application assets assignment assumed beneficiary benefit BUSINESS 80 cent chapter charged claims computed Contingent Beneficiary continue cost courts creditors death disability clause dividends earnings END OF END endowment insurance endowment policy equal expenses face value fact fraternal fund furnishes home office income increase instances insurable interest insurance company insured's investments law of average life-insurance companies life-insurance policies limited limited-payment lives loading loss maturity ment method mium mortality table mutual companies net premium net single premium option ordinary life policy paid-up pany payable period person policy loans policyholders premium payments premiums paid present value probability property insurance protection purchase pure endowment purpose rate of interest reserve risk saving secure single premium stipulated surance surplus survival term insurance term policy tion twenty usually whole-life policy
Popular passages
Page 382 - 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 437 - A provision that all statements made by the insured shall, in the absence of fraud, be deemed representations and not warranties...
Page 401 - 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 403 - If any beneficiary shall die before the Insured the interest of such beneficiary shall vest in the Insured.
Page 401 - ... 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 382 - 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 463 - ... 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 409 - ... 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 462 - ... 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 387 - ... assigned to one who has no insurable interest in the life of the insured; and...