The Examination of Insurance Companies: A Series of Talks to the Members of His Office Staff

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Insurance Press, 1910 - 248 Seiten

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Seite 189 - Such as shall have been mortgaged to it in good faith, by way of security for loans previously contracted, or for moneys due : or, 3.
Seite 197 - Improved unencumbered real property in this state worth fifty per centum more than the amount loaned thereon, or except as in this chapter otherwise provided, in the stocks, bonds or other evidence of indebtedness of any solvent institution incorporated under the laws of the United States or of any state thereof, or in such real estate as it is authorized by this chapter to hold; but no such funds shall be invested in or loaned on its own stock or the stock of any other Insurance corporation carrying...
Seite 224 - In addition to any other matter which may be required by law or pursuant to law by the superintendent of insurance to be stated therein every annual report of every life insurance corporation doing business in the state of...
Seite 226 - ... with particulars as to dates, amounts, payees and the authority by which the payment was made ; also all salaries paid to any representative either at the home office, or at any branch office, or agency, for agency supervision.
Seite 227 - A statement showing any and all amounts set apart or provisionally ascertained or calculated or held awaiting apportionment upon policies with deferred dividend periods longer than one year for all plans of insurance and all durations and for ages of entry as aforesaid, together with the precise statements of the methods of calculation by which the same have been provisionally or otherwise determined. (16) A statement of any and all reserve or surplus funds held by the company and for_what purpose...
Seite 202 - If purchased at par, at the par value; if purchased above or below par, on the basis of the purchase price adjusted so as to bring the value to par at maturity and so as to yield...
Seite 222 - ... that any such corporation may condition the allowance or payment in whole or in part of any of the renewal commissions allowed to be paid as aforesaid upon the efficiency of service of the agent receiving the same or upon the amount and quality of the business renewed under his supervision. If any such corporation shall compensate its agents, or any of them, after the first...
Seite 190 - ... all such real estate as may be acquired as aforesaid, and which shall not be necessary for the accommodation of such company in the convenient transaction of its business, shall be sold and disposed of within five years after...
Seite 220 - American experience table of mortality with interest at the rate of three and one-half per centum per annum...
Seite 196 - ... No domestic life insurance corporation, whether incorporated by special act or under a general law, shall invest in or loan upon any shares of stock of any corporation, other than a municipal corporation, nor, excepting government, state or municipal securities, shall it invest in, or loan upon, any bonds or obligations which shall not be secured by adequate collateral security or where more than one-third of the total value of the collateral security therefor shall consist of shares of stock.

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