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 - 148 páginas
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Página 122 - ... 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...
Página 116 - 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...
Página 134 - A provision that if the age of the insured has been understated, the amount payable under the policy shall be such as the premium would have purchased at the correct age...
Página 130 - ... 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.
Página 103 - 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...
Página 116 - 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.
Página 118 - 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...
Página 122 - ... insurance, or in the dividends or other benefits payable thereon, or in any other of the terms and conditions of the contracts it makes...
Página 129 - 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...
Página 135 - L. 1892, ch. 690, § 21. § 22. Reinsurance. Every insurance corporation doing business in this state may reinsure the whole or any part of any policy obligation in any other insurance corporation.

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