Text Book of Life Insurance: Being the First Post-graduate Course of the Pacific Mutual School for SalesmenPacific mutual life insurance Company of California, 1917 - 176 pages |
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Common terms and phrases
Accident Insurance accumulated dividends actuary America amount ance annual premium annuities application assets average beneficiary benefits calculations cash cent charge classes clause Company of California company's consideration convertible securities Copyrighted 1916 death claims death rate Disability Insurance dividends effect Endowment policy excess expense experience FORBES LINDSAY former Friendly Societies Home Office income Income policy increase indemnity injury Insurance companies insurance departments interest earnings investment issued lapse latter Law of Averages laws Legal Reserve companies level premium liability ment mium moral hazard mortality tables Mutual companies Mutual Life Insurance Office operation PACIFIC MUTUAL SCHOOL paid paid-up panies payable period Permanent Total Disability policy loans policyholders POST-GRADUATE COURSE QUESTIONS practice present value profits protection rate of interest result risks SALESMEN FIRST POST-GRADUATE SCHOOL FOR SALESMEN securities single premium standard surance surplus surrender value Term insurance tion whilst whole life insurance
Popular passages
Page 174 - In event of accidental death immediate notice thereof must be given to the insurer." (B) 4. Written notice of sickness on which claim may be based must be given to the insurer within ten days after the commencement of the disability from such sickness.
Page 170 - ... 16. The insurer may cancel this policy at any time by written notice delivered to the insured or mailed to his last address as shown by the records of the insurer...
Page 171 - In other words, if a result is such as follows from ordinary means, voluntarily employed, in a not unusual or unexpected way, then, I suppose, it cannot be called a result effected by accidental means. But if in the act which precedes the injury, something unforeseen, unexpected, unusual occurs which produces the injury, then the injury has resulted from the accident, or through accidental means.
Page 169 - ... not warranties. Misrepresentations, omissions, concealment of facts, and incorrect statements shall not prevent a recovery under the policy or contract unless either: (a) Fraudulent; or (b) Material either to the acceptance of the risk, or to the hazard assumed by...
Page 169 - I understand and agree that the right to recovery under any policy which may be issued upon the basis of this application shall be barred in the event that any one of the following statements, material either to the acceptance of the risk or the hazard assumed by the Company is false, or in the event that any one of the following statements is false and made with intent to deceive.
Page 169 - No statement made by the applicant for insurance not included herein shall avoid the policy or be used in any legal proceeding hereunder. No agent has authority to change this policy or to waive any of its provisions. No change in this policy shall be valid unless approved by an executive officer of the insurer and such approval be endorsed hereon.
Page 102 - ... is granted to keep the policy in force. If the arrears exceed thirteen weeks the policy may be revived without the payment of arrears, but in place thereof a non-interestbearing lien will be issued, the amount of which is deducted, in the event of death, from the face value of the policy. Fifth. In the "event of death every effort is made to pay the claim as soon as possible to carry into effect the general intent of industrial insurance, to provide for the burial expenses of the insured. The...
Page 13 - Whenever there is a contingency, the cheapest way of providing against it is by uniting with others, so that each man may subject himself to a small deprivation, in order that no man may be subjected to a great loss.
Page 90 - Policy is in force, designate a new beneficiary with or without reserving right of revocation by filing written notice thereof at the Home Office of the Company, accompanied by the Policy for suitable endorsement thereon. Such change shall take effect upon the endorsement of the same on the Policy by the Company.
Page 171 - ... happening by chance; unexpectedly taking place; not according to the usual course of things or not as expected;' that if a result is such as follows from ordinary means, voluntarily employed, in a not unusual or unexpected way, it cannot be called a result effected by accidental means; but that if, in the act which precedes the injury, something unforeseen, unexpected, unusual occurs which produces the injury, then the injury has resulted through accidental means.