Insurance Science and Economics: A Practical Discussion of Present-day Problems of Administration, Methods and Results |
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Common terms and phrases
56th Congress Actuaries American amount ance annual annuities assurance average bill Boston bottomry branch business of insurance capital cent charter commerce clause Committee Congress consideration considered corporations Court Department discussion dividends early economic effect element of commerce England established extended fact fire insurance funds gambling German important increase Institute of Actuaries institutions Insurance Commissioners insurance companies insurance contract insurance interests insurance law insurance taxation insurance undertakings investment large number Law Merchant law of average law of insurance Lex Mercatoria loans London loss marine insurance maritime Massachusetts ment mortality mutual nature paid panies Phila Philadelphia policies of insurance policy-holders practice of insurance premium income principle profit published reference to insurance regulation relation Report result revenue risk ship social society stamp duties statute Taxation of Insurance theory tion trade transactions treatise United York
Popular passages
Page 159 - interest or no interest," or "without further proof of interest than the policy itself," or "without benefit of salvage to the insurer...
Page 96 - And it is agreed by us the insurers that this writing or policy of assurance shall be of as much force and effect as the surest writing or policy of assurance heretofore made in Lombard Street or in the Royal Exchange or elsewhere in London.
Page 307 - An Act for granting and applying certain stamp duties, and other duties, in the British colonies and plantations in America, etc...
Page 171 - Proceedings of the Corporation for the Relief of the Widows and Children of Clergymen in the Communion of the Church of England in America.
Page 150 - ... or without further proof of interest than the policy, or by way of gaming or wagering, or without benefit of salvage to the assurer : and that every such assurance shall be null and void to all intents and purposes.
Page 218 - The Plan of a Society for making Provision for Widows, by Annuities for the remainder of Life and for granting Annuities to Persons after certain Ages.
Page 53 - The trade of insurance gives great security to the fortunes of private people, and by dividing among a great many that loss which would ruin an individual, makes it fall light and easy upon the whole society.
Page 52 - The only trades which it seems possible for a jointstock company to carry on successfully, without an exclusive privilege, are those, of which all the operations are capable of being reduced to what is called a routine, or to such an uniformity of method as admits of little or no variation.
Page 213 - ... or it might throw all loss upon the actor irrespective of fault. The state does none of these things, however, and the prevailing view is that its cumbrous and expensive machinery...