Insurance: Principles and Practices |
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Page viii
... Annual pre- miums ; Expenses as an element of cost ; Kinds of expenses ; Meth- ods of loading for expenses ; State regulation of expenses . VII - RESERVES , Surrender VALUES AND LOANS • 89 • Reserves , surrender values and policy loans ...
... Annual pre- miums ; Expenses as an element of cost ; Kinds of expenses ; Meth- ods of loading for expenses ; State regulation of expenses . VII - RESERVES , Surrender VALUES AND LOANS • 89 • Reserves , surrender values and policy loans ...
Page 12
... annually in life insurance . The following table shows the results : 2 Savings Group : Amt . received by each Insured Group : Amt . received by each End of No. of Widows No. of Widows 1st year . 8 $ 104 8 $ 5,000 5th year . 40 104 564 ...
... annually in life insurance . The following table shows the results : 2 Savings Group : Amt . received by each Insured Group : Amt . received by each End of No. of Widows No. of Widows 1st year . 8 $ 104 8 $ 5,000 5th year . 40 104 564 ...
Page 13
... annual premium in the latter years of the policy when the mortality rate has greatly increased . The extra amounts collected in the early years are therefore in the nature of savings which earn interest . This saving element exists in ...
... annual premium in the latter years of the policy when the mortality rate has greatly increased . The extra amounts collected in the early years are therefore in the nature of savings which earn interest . This saving element exists in ...
Page 14
... annual premium is due , making it impossible for him to forget the payment and forming the habit of putting away a small sum at regular and determined intervals , an element which has always been insisted upon as essential to the ...
... annual premium is due , making it impossible for him to forget the payment and forming the habit of putting away a small sum at regular and determined intervals , an element which has always been insisted upon as essential to the ...
Page 15
... annual income as long as he may live . An illustration will make this plain . Suppose a man , age 65 , has accumulated $ 8,000 , the interest of which at 6 per cent will provide him with $ 480 annually , a sum which is insuffi- cient to ...
... annual income as long as he may live . An illustration will make this plain . Suppose a man , age 65 , has accumulated $ 8,000 , the interest of which at 6 per cent will provide him with $ 480 annually , a sum which is insuffi- cient to ...
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Common terms and phrases
accident acts actual addition agent amount annual Appendix applied assignment associations assumed average basis benefit bond building cargo cars cause cent chapter charged claims classes clause collected commissions compensation consideration considered contract cost courts covered damage death depends disability earned effect employer example existence expenses experience extent fact fire insurance frequently fund future give given hazard held important increase individual injury insurance company interest issued latter less liability limited lines loss marine means method mortgagee mutual named nature necessary notice obtain occur operation organization owner paid party payment period person possible premium present principal protection reason receive reduced reserve result risks saving schedule specified standard sufficient term tion underwriter United usually various vessel written
Popular passages
Page 417 - ... this insurance, as to the interest of the mortgagee (or trustee) only herein, shall not be invalidated by any act or neglect of the mortgagor or owner of the within described property, nor by any foreclosure or other proceedings or notice of sale relating to the property nor by any change in the title or ownership of the property...
Page 204 - This company shall not be liable for loss caused directly or indirectly by invasion, insurrection, riot, civil war or commotion, or military or usurped power, or by order of any civil authority ; or by theft ; or by neglect of the insured to use all reasonable means to save and preserve the property at and after a fire, or when the property is endangered by fire in neighboring premises...
Page 436 - This policy is made and accepted subject to the foregoing stipulations and conditions, together with such other provisions, agreements, or conditions as may be indorsed hereon or added hereto^ and no officer, agent, or other representative of this company shall have power to waive any provision or condition of this policy except such as by the terms of this policy may be the subject of agreement indorsed hereon or added hereto...
Page 473 - ... all books of account, bills, invoices, and other vouchers, or certified copies thereof if originals be lost, at such reasonable place as may be designated by this company or its representative, and shall permit extracts and copies thereof to be made.
Page 220 - ... shall have power to waive any provision or condition of this policy except such as by the terms of this policy may be the subject of agreement indorsed hereon or added hereto, and as to such provisions and conditions no officer, agent, or representative shall have such power or be deemed or held to have waived such provisions or conditions unless such waiver, if any, shall be written upon or attached hereto...
Page 258 - The insured, as often as may be reasonably required, shall exhibit to any person designated by this Company all that remains of any property herein described, and submit to examinations under oath by any person named by this Company, and subscribe the same...
Page 473 - Company, such umpire shall be selected by a judge of a court of record in the state in which the property covered is located.
Page 193 - ... existed, this Company shall, to the extent of such payment, be thereupon legally subrogated to all the rights of the party to whom such payment shall be made, under all securities held as collateral to the mortgage debt...
Page 262 - This Company shall not be liable for a greater proportion of any loss than the amount hereby insured shall bear to the whole insurance covering the property against the peril involved, whether collectible or not.
Page 219 - ... if any change other than by the death of an insured, take place in the interest, title or possession of the subject of insurance (except change of occupants without increase of hazard) whether by legal process or judgment or by voluntary act of the insured, or otherwise...