Report of the Joint Special Committee on Insurance Appointed to Revise and Amend the Insurance Laws of the Commonwealth of Massachusetts: January, 1907

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Wright & Potter Printing Company, State Printers, 1907 - Insurance law - 222 pages
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Page 183 - Any corporation, society, order or voluntary association, without capital stock, organized and carried on solely for the mutual benefit of its members and their beneficiaries, and not for profit, and having a lodge system with ritualistic form of work and representative form of government, and which shall make provision for the payment of benefits in accordance with Section 5 hereof, is hereby declared to be a fraternal benefit society.
Page 116 - ... make or permit any distinction or discrimination in favor of individuals between insurants of the same class and equal expectation of life in the amount or payment of premiums or rates charged for policies of life or endowment Insurance, or in the dividends or other benefits payable thereon, or in any other of the terms and conditions of the contracts it makes: nor shall any such company or any agent thereof make any contract of insurance, or agreement as to such contract, other than Is plainly...
Page 180 - The provisions of this act, so far as they are the same as those of existing laws, shall be construed as a continuation of such laws and not as new enactments...
Page 118 - ... every policy which contains a reference to the application of the insured, either as a part of the policy or as having any bearing thereon, must have attached thereto a correct copy of the application, and unless so attached the same shall not be considered a part of the policy or received in evidence.
Page 189 - ... with the powers, rights and privileges, and subject to the limitations, duties and restrictions which by law appertain thereto. Witness...
Page 119 - ... make a false statement of any material fact or thing in a sworn statement as to the death or disability of a...
Page 110 - It is furthermore hereby provided and mutually agreed, that no suit or action against this company, for the recovery of any claim by virtue of this policy, shall be sustainable in any Court of Law or Chancery until after an award shall have been obtained fixing the amount of such claim in the manner above provided...
Page 120 - ... by filing written notice thereof at the Home Office of the Company, accompanied by the Policy for suitable endorsement thereon. Such change shall take effect upon the endorsement of the same on the Policy by the Company and not before.
Page 183 - Section 2. (Lodge System Defined.) Any society having a supreme governing or legislative body and subordinate lodges or branches by whatever name known, into which members shall be elected, initiated and admitted in accordance with its constitution, laws, rules, regulations, and prescribed ritualistic ceremonies...
Page 119 - No life insurance corporation doing business in this state and no officer, director or agent thereof shall issue or circulate, or cause or permit to be issued or circulated, any estimate, illustration, circular or statement of any sort misrepresenting the terms of any policy issued by it or the benefits or advantages promised thereby, or the dividends or share of surplus to be received thereon, or shall use any name or title of any policy or class of policies misrepresenting the true nature thereof.

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