Insurance Laws of PennsylvaniaHarrisburg Publishing Company, 1908 - 104 pages |
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Common terms and phrases
aforesaid agents amended by act amount Anno Domini annual statement application approved Approved-The assessment asso Attorney Auditor authorized to transact benefit boiler insurance bonds broker capital stock centum certificate certified copy charter Commonwealth company or association comply court day of April deemed deposit directors Domini one thousand duty election enacted entitled fees fire and marine fire insurance companies fire marshal foreign companies fraternal beneficial society fund furnish hereafter hereby repealed holders hundred dollars Insurance Commis Insurance Commissioner Insurance Department invested issue policies joint-stock companies judge laws letters patent liability license ment misdemeanor mutual companies nulla bona oath paid pany par value payment Penalty policy of insurance porations premiums president purpose received reinsurance risks salary secretary Section securities service of process shares sioner steam boiler stockholders subscribers surance company surety sylvania thereof thereto thousand eight hundred tion transact business treasurer
Popular passages
Page 66 - State shall make or permit any distinction or discrimination in favor of individuals between insurants (the insured) 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 agent thereof make any contract of insurance or agreement as to such contract other...
Page 85 - A fraternal beneficiary association is hereby declared to be a corporation, society or voluntary association, formed or organized and carried on for the sole benefit of its members and their beneficiaries, and not for profit. Each association shall have a lodge system, with ritualistic form of work and representative form of government...
Page 93 - ... the thirtieth day of June and the thirty-first day of December In each year...
Page 66 - ... nor shall any such company or any officer, agent, solicitor or representative thereof, pay, allow or give, or offer to pay, allow or give, directly or indirectly as inducement to insurance, any rebate of premium payable on the policy, or any special favor or advantage in the dividends or other benefits to accrue thereon, or any paid employment or contract for services of any kind or any valuable consideration or inducement whatever not specified in the policy contract of insurance...
Page 10 - ... stockholder, and in lieu thereof to issue new certificates for such number of shares as the said stockholder may be entitled to, in the proportion that the ascertained value of the funds of the said company may be found to bear to the original capital of the said company, the value of such share...
Page 25 - Commissioners to open books for the subscription of stock in the company, at such times and places as they shall deem convenient and proper, and shall keep the same open until the full amount specified in the certificate is subscribed...
Page 33 - ... all such real estate as may be acquired as aforesaid, and which shall not be necessary for the accommodation of such company in the convenient transaction of its business...
Page 33 - 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. Such as shall have been conveyed to it in satisfaction of debts previously contracted in the course of its dealings : or, 4. Such a.
Page 66 - Any life insurance company, its agent or agents, or any person violating section one of this act shall be guilty of a misdemeanor, and upon conviction thereof the offender or offenders shall be sentenced to pay a fine of five hundred dollars on each and every violation where the amount of insurance is twentyfive thousand dollars or less...
Page 18 - no insurance company not of this State, nor its agents, shall do business in this State until he has filed with the insurance commissioner of this State a written stipulation, duly authenticated by the company, agreeing that any legal process affecting the company served on the insurance commissioner, or the party designated by him.