Accident Insurance for Workingmen
Accident Insurance for Workingmen
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In our eReader you can find the full English version of the book. Read Accident Insurance for Workingmen Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Accident Insurance for Workingmen
What reading level is Accident Insurance for Workingmen book?
To quickly assess the difficulty of the text, read a short excerpt:
Ins. Law (1905) p. -68.
88 ACCIDENT INSURANCE FOR WORKINOMEN law to take the place of notes given in addition to cash premiums as security for the payment of policy claims. Such notes may not be released until the amount so accu- mulated is equal to the minimum amount of capital re- quired of stock companies, but the liability of each note decreases proportionately as the profits are accumulated. 1 In other states a permanent fund may be set aside from surplus profits by reserving 20 psr cent o...f the net surplus until such fund is equal to 2 per cent of the insurance in force, after which the whole of the net profits must be distributed. 2 Capital of a Mutual Company Defined When Assess- able. In the statutes of Illinois the capital of a mutual company is defined in the following language: "The amounts received for cash premiums and payments to- gether with the investments and accumulations thereof re- maining on hand at|any time shall constitute the actual funds of such company; the amount due on premium notes shall constitute the contingent fund, and the aggregate ot such funds shall constitute the capital of such company.
What to read after Accident Insurance for Workingmen?
You can find similar books in the "Read Also" column, or choose other free books by Reuben Mckitrick to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Ins. Law (1905) p. -68.
88 ACCIDENT INSURANCE FOR WORKINOMEN law to take the place of notes given in addition to cash premiums as security for the payment of policy claims. Such notes may not be released until the amount so accu- mulated is equal to the minimum amount of capital re- quired of stock companies, but the liability of each note decreases proportionately as the profits are accumulated. 1 In other states a permanent fund may be set aside from surplus profits by reserving 20 psr cent o...f the net surplus until such fund is equal to 2 per cent of the insurance in force, after which the whole of the net profits must be distributed. 2 Capital of a Mutual Company Defined When Assess- able. In the statutes of Illinois the capital of a mutual company is defined in the following language: "The amounts received for cash premiums and payments to- gether with the investments and accumulations thereof re- maining on hand at|any time shall constitute the actual funds of such company; the amount due on premium notes shall constitute the contingent fund, and the aggregate ot such funds shall constitute the capital of such company.
What to read after Accident Insurance for Workingmen?
You can find similar books in the "Read Also" column, or choose other free books by Reuben Mckitrick to read onlineMoreLess
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