Annual Report of the Commissioner of Insurance of the State of WisconsinDepartment of Insurance, 1898 - Insurance Reports for 1894-1914 have each pt. issued as separate vol.: pt. 1. Fire and marine insurance; pt. 2. Life and casualty insurance; 1897-1914, pt. 3. Local mutual fire insurance. |
From inside the book
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Page vii
... directors must be policy holders is , that as policy hold- ers they naturally are property owners , and this is especially necessary , as the law provides that the members of the Board of Directors are personally liable for losses ...
... directors must be policy holders is , that as policy hold- ers they naturally are property owners , and this is especially necessary , as the law provides that the members of the Board of Directors are personally liable for losses ...
Page viii
... Directors to delegate the au- thority of issuing policies and classifying risks to a committee of not less than three , two of whom must be directors . The expense fund , under the law , is constituted by initiation fees and dues , and ...
... Directors to delegate the au- thority of issuing policies and classifying risks to a committee of not less than three , two of whom must be directors . The expense fund , under the law , is constituted by initiation fees and dues , and ...
Page ix
... directors , if loss occur during the first eight months in any year , to borrow money at an interest rate not to exceed 7 per cent .; such borrowed money and interest to be repaid by the as- sessment made upon policy holders not later ...
... directors , if loss occur during the first eight months in any year , to borrow money at an interest rate not to exceed 7 per cent .; such borrowed money and interest to be repaid by the as- sessment made upon policy holders not later ...
Page x
... directors of the company jointly and severally liable , in their individual capacity , to the persons sustaining such loss , for fail- ure to comply with the provisions of the law . Establishing this further fact , that unless ...
... directors of the company jointly and severally liable , in their individual capacity , to the persons sustaining such loss , for fail- ure to comply with the provisions of the law . Establishing this further fact , that unless ...
Page xxv
... directors of a mutual corporation shall be personally li- able for all premiums due and levied on policies written upon risks in any other state or foreign country , in which the cor- poration has not been duly and legally admitted and ...
... directors of a mutual corporation shall be personally li- able for all premiums due and levied on policies written upon risks in any other state or foreign country , in which the cor- poration has not been duly and legally admitted and ...
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Common terms and phrases
00 Deduct 00 MISCELLANEOUS QUESTIONS 00 Written additional assessments advance payments agents employed amount of insurance Amount of losses amount of membership amount of policies assessment liability assessments limited by-laws printed by-laws provide Cash received commenced business company and charging company re-insured company required company transact business constitution and by-laws constitution or by-laws counties Deduct those expired defined and em employed to solicit expired and cancelled fees to president force per policy foregoing questions true furnish bonds individual proportions insurance in force longest period losses and expenses losses paid members clearly defined members of additional membership fees charged Number and amount Organized or incorporated outstanding risks Paid as salaries paid for losses paid since organization pay losses payment of losses payments of assess policy Amount printed in full property is insured risk is written salaries and fees solicit insurance Total disbursements true and complete Written and renewed
Popular passages
Page 675 - This policy is made and accepted subject to the foregoing stipulations and conditions, together with such other provisions, agreements, or conditions as may be endorsed 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 648 - 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 within a reasonable time on giving notice, within thirty days after the receipt of the proof herein required, of its intention so to do; but there can be no abandonment to this company of the property described.
Page 672 - In the event of disagreement as to the amount of loss the same shall, as above provided, be ascertained by two competent and disinterested appraisers, the insured and this company each selecting one, and the two so chosen shall first select a competent and disinterested umpire; the appraisers together shall then estimate and appraise the loss, stating separately sound value and damage, and, failing to agree shall submit their differences to the umpire; and the award in writing of any two shall determine...
Page 648 - This company shall not be liable beyond the actual cash value of the property at the time any loss or damage occurs, and the loss or damage shall be ascertained or estimated according to such actual cash value, with proper deduction for depreciation however caused, and shall in no event exceed what it would then cost the insured to repair or replace the same with material of like kind and quality...
Page 667 - The insured, as often as 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; and, as often as required...
Page 652 - 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 649 - 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 675 - ... 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, nor shall any privilege or permission affecting the insurance under this Policy exist or be claimed by the insured unless so written or attached.
Page 632 - ... time shall not be less than thirty nor more than sixty days from the date of such notice.
Page 674 - ... fire, than the amount hereby insured shall bear to the whole insurance, , , whether valid or not, or by solvent or insolvent insurers, covering such property...