Joint Documents ... for the Year ..., Част 3

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Страница xxiii - The term agent, or agents, used in this section, shall include an acknowledged agent or surveyor, or any other person or persons who shall, in. any manner, aid in transacting the insurance business of any insurance company not incorporated by the laws of this State...
Страница xxiii - ... case of the non-payment of such penalty, the party so offending shall be liable to imprisonment for a period not exceeding six months, in the discretion of any court having cognizance thereof.
Страница 19 - JOHN J. BAGLEY, Governor of the State of Michigan : SIR — In compliance with law, I have the honor to submit herewith my Annual...
Страница 125 - Cash on hand and in bank Interest due and accrued on stocks not Included in market value Interest due and accrued on collateral loans Groes premiums in course of collection not more than three months due.
Страница 53 - For every company doing fire insurance business in this State, he shall calculate the re-insurance reserve for unexpired fire risks, by taking fifty per cent, of the premiums received on all unexpired risks that have less than one year to run...
Страница ii - ... or reinsurance reserve ; provided that the fire reinsurance reserve shall not be less than forty per cent of the premiums received during the year. We have found no data upon which to designate what the rate of premium for fire and marine insurance ought to be, in all cases, in order to enable the company to cany out its contracts ; but we have concluded to incorporate in this report some genera!
Страница 5 - Total premium income. Cash received for interest upon mortgage loans. Cash received for interest on bonds owned and dividends on stock. Cash received for interest on premium notes, loans, or liens. Cash received for interest on other debts due the company. Cash received as discount on claims paid in advance. Cash received for rents for use of company's property.
Страница 149 - Unused balances of bills and notes taken in advance for premiums on open marine and inland policies, or otherwise, returnable on settlement; 14.