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actual actuaries adopted agents amendment American amount annual appointed assets assumed average believe bonds calculations called capital cent charge committee consider consideration contract convention cost deposit desire dividends dollars equal expenses experience fact favor fire four per cent funds future gentleman give half hand Harvey impaired important insurance companies invested issued legislation less liabilities lives loan losses matter meet Michigan mortality motion mutual necessary officers opinion organized paid person policyholders practical premiums present PRESIDENT question rate of interest reason received recommend reference regard remarks represent reserve resolution result risks Secretary securities seems session six per cent standard statement taken taxation tion United valuation vote whole York
Page 129 - Parties may agree in writing for the payment of any rate of interest whatever on money due or to become due on any contract. Any judgment rendered on such contract shall conform thereto, and shall bear the interest agreed upon by the parties, and which shall be specified in the judgment.
Page 253 - Upon filing declaration or certified copy of charter, twenty-five dollars. "Upon filing annual statement, twenty dollars. ' ' For each certificate of authority, and certified copy thereof, two dollars. "For every copy of any paper filed in the department, the sum of twenty cents per folio, and for affixing the official seal to such copy, and certifying the same, one dollar. ' ' For valuing policies of life insurance companies, ten dollars per million of insurance, or any fraction thereof.
Page 129 - When there is no express contract in writing, fixing a different rate of interest, interest shall be allowed at the rate of ten per cent, per annum, for all moneys after they become due on any bond, bill, promissory note, or other instrument of writing...
Page 242 - State or country any taxes, fines, penalties, licenses, fees, deposits of money or of securities, or other obligations or prohibitions are imposed on insurance companies of this State doing business in such other State or country, or upon their agents therein, in excess of such taxes, fines, penalties, licenses, fees, deposits of money or of securities, or other obligations or prohibitions...
Page 253 - ... bonds and mortgages as aforesaid, and to change and reinvest the same as occasion may from time to time require ; but any surplus money over and above the capital stock of any such fire and inland navigation insurance companies, or any fire insurance companies incorporated under any law of stocL, &c.
Page 255 - ... appointed by him for that purpose, who shall certify, under oath, that the capital herein required of the company named in the charter, according to the nature of the business proposed to be transacted by such company, has been paid in and is possessed by it in money, or in such stocks...
Page 256 - Such as shall be requisite for its immediate accommodation in the convenient transaction of its business: or, 2. Such as shall have been mortgaged to it in good faith, by way of security for loans previously contracted, or for monies due: or, 3.
Page 119 - ... for all moneys after they become due on any bond, bill, promissory note, or other instrument of writing, on any judgment recovered before any court in this state, for money lent, for money due on the settlement of accounts, from the day on which the balance is ascertained, and for money received to the use of another.