Annual Report of the Commissioner of Insurance of the State of Wisconsin, Part 1Department of Insurance, 1914 Reports for 1894-1914 have each pt. issued as separate vol.: pt. 1. Fire and marine insurance; pt. 2. Life and casualty insurance; 1897-1914, pt. 3. Local mutual fire insurance. |
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Common terms and phrases
31 of previous admitted Dec Agents amount paid policyholders authorized in Wisconsin Balance Add balances and bills balances representing business bills receivable Book value business written prior capital cash companies and banks December 31 Deposit premiums Deposits in trust dividends and rents Dividends declared due and accrued due or accrued Fire Insurance fire risks German American Gross claims home office incurred to premiums interest and rents INVESTMENT EXHIBIT liabilities Loss in Surplus LOSS ITEMS LOSS ON INVESTMENTS losses and expenses losses incurred losses on risks Marine and inland Mortgage loans Mutual Fire NON-LEDGER ASSETS perpetual insurance policyholders for losses premiums earned premiums less reinsurance real estate receivable not admitted representing business written return premiums RISKS AND PREMIUMS Surplus Dec taxes Total Deduct Total premiums trust companies UNDERWRITING AND INVESTMENT Underwriting expenses incurred underwriting expenses unpaid UNDERWRITING PROFIT unearned premiums Dec unpaid losses Dec value of ledger Wiscon York City
Popular passages
Page lxxxix - Except as contained in the policy and the usual agreement for other insurance, no such insurance company or insurer or rating bureau shall make any contract or agreement with any person insured or to be insured that the whole or any part of any insurance shall be written by or placed with any particular company, insurer, agent, or any group of companies, insurers, or agents.
Page xxvii - It is practically a necessity to business activity and enterprise. It is, therefore, essentially different from ordinary commercial transactions, and, as we have seen, according to the sense of the world from the earliest times— certainly the sense of the modern world — is of the greatest public concern.
Page xxvii - It is in the alternative presented of accepting the rates of the companies or .refraining from insurance, business necessity impelling if not compelling it, that we may discover the inducement of the Kansas statute, and the problem presented is whether the legislature could regard it of as much moment to the public that they who seek insurance should no more be constrained by arbitrary terms than they who seek transportation by railroads, steam or street, or by coaches whose itinerary may be only...
Page xxvii - We may venture to observe that the price of insurance is not fixed over the counters of the companies by what Adam Smith calls the higgling of the market, but formed in the councils of the underwriters, promulgated in schedules of practically controlling constancy which the applicant for insurance is powerless to oppose and which, therefore, has led to the assertion that the business of insurance is of monopolistic character and that "it is illusory 233 US Opinion of the Court. to speak of a liberty...
Page xc - The expenses of the bureau shall be shared in proportion to the gross premiums received by each member during the preceding year in this State, to which may be added a reasonable annual fee.
Page lxxxix - ... insurance upon property in this state which discriminates unfairly between risks in the application of like charges and credits, or which discriminates unfairly between risks of essentially the same hazards, territorial classification and having substantially the same degree of protection against fire.
Page xcii - The commissioner may, after due notice and hearing, upon complaint or upon his own motion, make an order disapproving any such agreement. No such agreement shall be in force, nor shall any rights be based thereon, after service of a copy of such order upon each of the parties to such agreement, and upon each bureau with which such agreement is required to be filed. Service may be made by mail and shall be completed upon the expiration of a reasonable time for transmission fixed in such order. Any...
Page 420 - Salaries, rents, expenses, bills, accounts, fees, etc., due or accrued Estimated amount hereafter payable for federal, state and and other taxes based upon the business of the year of this statement...
Page xxvii - How can it be said that the right to engage in the business is a natural one when it can be denied to individuals and permitted to corporations ? How can it be said to have the privilege of a private business when its dividends are restricted, its investments controlled, the form and extent of its contracts prescribed, discriminations in its rates denied and a limitation on its risks imposed ? Are not such regulations restraints upon the exercise of the personal right — asserted to be fundamental...
Page xcii - Any such agreement may be made and enforced provided the same be not contrary to public policy and is in writing, and, prior to its taking effect, a copy thereof be filed with the Commissioner of Insurance and with each rating bureau of which any of the parties thereto shall be a member or subscriber.