The Annual Cyclopedia of Insurance in the United States

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H.R. Hayden., 1891 - Insurance

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China Mutual insurance company of Boston was chartered April 30 and commenced business October 1 1853 being a strictly mutual organization It conducts a marine insurance business being the only one authorized under its charter The present officers are Edmund A Poole president and William H Lord secretary The directors are Messrs Edward M Brewer John F Brooks T Quincy Browne Andrew Cutting John S Emery Henry F Greenleaf Joseph A lasigi Albert Lewis Charles B Perkins Charles F Perry Edmund A Poole J Henry Sears I Goodwin Whitney Charles F Wyman
note: Albert Lewis

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Page 198 - SECTION 21. And be it further enacted, That, in order to avoid misconstruction, it is hereby declared...
Page 63 - Whenever this company shall pay the mortgagee any sum for loss or damage under this policy and shall claim that, as to the mortgagor or owner, no liability therefor 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 59 - 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...
Page 60 - If a building or any part thereof fall, except as the result of fire, all insurance by this policy on such building or its contents shall immediately cease.
Page 59 - This entire policy, unless otherwise provided by agreement indorsed hereon or added hereto, shall be void if the insured now has or shall hereafter make or procure any other contract of insurance, whether valid or not, on property covered in whole or in part by this policy...
Page 62 - ... 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, nor by the occupation of the premises for purposes more hazardous than are permitted by this policy; provided that in case the mortgagor or owner...
Page 59 - This entire policy shall be void if the insured has concealed or misrepresented, in writing or otherwise, any material fact or circumstance concerning this insurance or the subject thereof; or if the interest of the insured in the property be not truly stated herein; or in case of any fraud or false swearing by the insured touching any matter relating to this insurance or the subject thereof, whether before or after a loss.
Page 16 - ... between them or themselves and others to preclude a free and unrestricted competition among themselves or others in the sale or transportation of any such article or commodity, or by which they shall agree to pool, combine or unite any interest they may have in connection with the sale or transportation of any such article or commodity that its price might in any manner be affected.
Page 60 - ... herein described, whether intended for occupancy by owner or tenant, be or become vacant or unoccupied and so remain for ten days.
Page 59 - Or, 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 hazards, whether by legal process or judgment or by voluntary act of the insured or otherwise...

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