Insurance: Principles and Practices |
From inside the book
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Page 25
... secure a wide distribution of risks . Thus a company which insured risks in the city of San Francisco alone would have been made insolvent by its losses , the pre- miums collected being insufficient to meet the claims presented . But ...
... secure a wide distribution of risks . Thus a company which insured risks in the city of San Francisco alone would have been made insolvent by its losses , the pre- miums collected being insufficient to meet the claims presented . But ...
Page 36
... secure a sufficient vol- ume of business and ( 2 ) the political character of the man- agement . The natural results of these two factors are a high expense rate , a small volume of business and insufficient assets to meet losses ...
... secure a sufficient vol- ume of business and ( 2 ) the political character of the man- agement . The natural results of these two factors are a high expense rate , a small volume of business and insufficient assets to meet losses ...
Page 45
... secure stability and solidity to capital employed in the business of fire insurance and protect it against oppressive , unjust , and discriminative . legislation . 2. To repress incendiarism and arson by combining in suit- able measures ...
... secure stability and solidity to capital employed in the business of fire insurance and protect it against oppressive , unjust , and discriminative . legislation . 2. To repress incendiarism and arson by combining in suit- able measures ...
Page 46
... secure efficient organization and equipment of fire departments with adequate and improved water systems , and establish rules designed to regulate all hazards constituting a menace to the business . Every mem- ber is in honor bound to ...
... secure efficient organization and equipment of fire departments with adequate and improved water systems , and establish rules designed to regulate all hazards constituting a menace to the business . Every mem- ber is in honor bound to ...
Page 53
... secure a policy which meets his requirements and fits his pocketbook . It should not be assumed from this that any one policy is " cheaper " or " better " than another , except for a particular purpose , because all are on a ...
... secure a policy which meets his requirements and fits his pocketbook . It should not be assumed from this that any one policy is " cheaper " or " better " than another , except for a particular purpose , because all are on a ...
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Common terms and phrases
actual cash value agent ance annual premium annuity Appendix XXX applied assignment assumed Assured Attorney-in-Fact automobile average beneficiary benefits bond cancellation cent charge clause collected commissions compensation insurance contract Corporation cost covered credit insurance death claims debtor disability dividends earned employer endowment endowment policy expenses experience fire insurance forms of insurance fund future hazard hereby home office increase indemnity individual injury insurable interest insurance company insurance policy issued law of average level premium liability limited loan loss or damage marine insurance ment method moral hazard mortality mortgagee mutual mutual organization necessary operation ordinary-life organization owner paid pany payable payment period person policy-holders present value principal property insured protection reduced reserve result risk schedule single premium stock company subrogation surance surrender value term policy tion underwriters unearned premium usually 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...