Studies in Practical Life Insurance: An Examination of the Principles of Life Insurance as Applied in the Policies, Reports, Agency and Office Methods of the New-York Life Insurance Company

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New-York Life Ins. Company, 1911 - Insurance law - 148 pages
 

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Page 146 - ... for the reason that the testimony or evidence, documentary or otherwise, required of him may tend to convict him of a crime or subject him to a penalty or forfeiture; but no person shall be prosecuted or subjected to any penalty or forfeiture for or on account of any transaction, matter or thing concerning which he may BO testify or produce evidence...
Page 140 - 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...
Page 154 - ... or the deferred premiums of the current policy year if any are paid, the amount of such premiums, with interest on any overdue premium, may be deducted from any amount payable under the policy in settlement.
Page 127 - to lay and collect taxes, to pay the debts and provide for the common defense and general welfare of the United States," and "to borrow money on the credit of the United States...
Page 140 - 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.
Page 142 - Every policy of insurance issued or delivered within the state on or after the first day of January, nineteen hundred and seven, by any life insurance corporation doing business within the state shall contain the entire contract between the parties and nothing shall be incorporated therein by reference to any constitution, by-laws, rules, application or other writings unless the same are indorsed upon or attached to the policy when issued...
Page 146 - ... insurance, or in the dividends or other benefits payable thereon, or in any other of the terms and conditions of the contracts it makes...
Page 153 - No such company shall subscribe to or participate in any underwriting of the purchase or sale of securities or property, or enter into any transaction for such purchase or sale on account of said...

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