Report On Status of Marine Insurance in the United States
Report On Status of Marine Insurance in the United States
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In our eReader you can find the full English version of the book. Read Report On Status of Marine Insurance in the United States 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 Report On Status of Marine Insurance in the United States
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There is no written agreement between the companies, but only an acceptance of reinsurance by each company of its agreed per- centage of all liability assumed by each company represented in the arrangement.
Burlap agreement. This arrangement is similar to the cotton agreement and covers the traffic in jute, jute butts, bagging, burlaps, and gunnies from Calcutta to ports and places in the United States, British North America, Cuba, or Porto Eico. Twenty separate in- terests, representing, howev...er, a much larger number of American and foreign companies, constitute the membership and divide the business on the basis of 1Y2 shares. Each company is obligated to reinsure a portion of any risks which it may assume with the other members. Four interests are entitled to eight shares each, four to four shares each, and four to one share each. The balance is dis- tributed among eight other interests, each receiving, respectively, 2, 5, 7, 13, 14, 24, 25, and 30 shares. The rates received on the rein- surance are stated in the contract.
What to read after Report On Status of Marine Insurance in the United States?
You can find similar books in the "Read Also" column, or choose other free books by S S Solomon Stephen Huebner to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
There is no written agreement between the companies, but only an acceptance of reinsurance by each company of its agreed per- centage of all liability assumed by each company represented in the arrangement.
Burlap agreement. This arrangement is similar to the cotton agreement and covers the traffic in jute, jute butts, bagging, burlaps, and gunnies from Calcutta to ports and places in the United States, British North America, Cuba, or Porto Eico. Twenty separate in- terests, representing, howev...er, a much larger number of American and foreign companies, constitute the membership and divide the business on the basis of 1Y2 shares. Each company is obligated to reinsure a portion of any risks which it may assume with the other members. Four interests are entitled to eight shares each, four to four shares each, and four to one share each. The balance is dis- tributed among eight other interests, each receiving, respectively, 2, 5, 7, 13, 14, 24, 25, and 30 shares. The rates received on the rein- surance are stated in the contract.
What to read after Report On Status of Marine Insurance in the United States?
You can find similar books in the "Read Also" column, or choose other free books by S S Solomon Stephen Huebner to read onlineMoreLess
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