Report of the Superintendent of Insurance of the Dominion of Canada for the Year Ending 31st December ...

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order of Parliament by MacLean, Roger & Company, 1885
 

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Page xxix - ... 7. Every certificate and policy shall contain a promise to pay the whole amount therein mentioned out of the death fund of the association and out of any moneys realized from assessments to be made for that purpose, and every such association shall be bound, forthwith, and from time to time to make assessments to an amount adequate with its other available funds to pay all obligations created under any such certificate or policy without deduction or abatement ; "8.
Page 28 - IN CANADA. Amount paid during the year for losses occurring in previous years (which losses were estimated...
Page xxix - Canada for the purpose of carrying on the business of life insurance upon the co-operative or assessment plan ; (2.) Any such corporation or asssociation may be licensed by the Minister of Finance, under the provisions of...
Page xxx - No policy or certificate shall contain or have endorsed upon it any condition providing that such policy or certificate shall be avoided by reason of any statement contained in the application therefor being untrue, unless such condition is limited to cases in which such statement is material to the contract.
Page xiv - Fund," which is held to meet future contingencies, and is charged against the company as a liability. I have taken 60 per cent of the annual revenue from premiums as a fair approximation to the exact pro rata of the premiums on unexpired risks, which forms the basis of the item in our returns for Canadian business. Also, in cases where life insurance is combined with fire (the assets of these branches being required by the Imperial statute to be kept separately) I have omitted the...
Page 3 - The Lancashire Insurance Company. The Liverpool and London and Globe Insurance Company. The London and Lancashire Fire Insurance Company. The London Assurance Corporation. The London Mutual Fire Insurance Company of Canada, London, Ont. The National Assurance Company of Ireland.
Page xxix - Council : 4. Death claims shall be a first charge on all moneys realized from assessments, and no deduction shall be made from any such death claims on any account whatsoever : 5.
Page 130 - Premium notes, loans or liens, on policies in force, the reserve on each policy being in excess of all indebtedness thereon ; Par and market values of Canadian and other stocks and securities owned by the company, specifying in detail the amount, number of shares, and the par and market value...

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