If the association is not possessed of cash funds above its unearned premiums sufficient for the payment of incurred losses and expenses, it shall make an assessment for the amount needed to pay such losses and expenses upon the subscribers liable to... The New York Supplement - Page 2551927Full view - About this book
| Vermont - 1919 - 410 pages
...Assessments. If an association has not sufficient funds for the payment of losses incurred, reserves and expenses, it shall make an assessment for the amount needed to pay such losses, reserves and expenses upon the members in proportion to their several pay rolls and rates. SEC. 10.... | |
| Kentucky - 1916 - 804 pages
...association is not possessed of cash funds above its unearned premiums sufficient for the payment of incurred losses and expenses, it shall make an assessment...amount needed to pay such losses and expenses upon the subscriber liable to assessment therefor in proportion to their several liability. Every subscriber... | |
| 1906 - 1200 pages
...impairment shall exceed twenty-five per cent, of the reinsurance reserve required to be maintained, it shall make an assessment for the amount needed to pay such losses and expenses upon its members liable to assessment therefor in proportion to their several liabilities, and to make good... | |
| Ohio - 1888 - 660 pages
...impairment shall exceed twenty-five per cent, of the reinsurance reserve required to be maintained, it shall make an assessment for the amount needed to pay such losses and expenses upon its members liable to assessment therefor in proportion to their several liabilities, and to make good... | |
| Massachusetts - 1894 - 1174 pages
...possessed of cash funds above its reinsurance ml**, "hca." be reserve, sufficient for the payment of incurred losses and expenses, it shall make an assessment...amount needed to pay such losses and expenses upon its members liable to assessment therefor, in proportion to their several liability. The company shall... | |
| Indiana. General Assembly. Senate - 1895 - 1438 pages
...Company i» not possessed of cash funds, above its re-insurance reserve, sufficient for the payment of incurred losses and expenses, it shall make an assessment...amount needed to pay such losses and expenses upon its members liable to assessment therefor, in proportion to their several liabilities. The company... | |
| New York (State). Supreme Court. Appellate Division - 1908 - 1078 pages
...company is not possessed of cash funds above its reinsurance reserve, sufficient for the payment of incurred losses and expenses, it shall make an assessment...amount needed to pay such losses and expenses upon its members liallle to assessment therefor, in proportion to their several liability. * * * Section... | |
| Wisconsin. Department of Insurance - 1898 - 830 pages
...such impairment shall exceed fifty per cent, of the re-insurance reserve required to be maintained it shall make an assessment for the amount needed to pay such losses iand expenses upon its members liable to assessment therefor in proportion to their several liabilities,... | |
| Vermont. Supreme Court - 1900 - 568 pages
...insurance company is not possessed of cash funds above its insurance reserve, sufficient for the payment of incurred losses and expenses, it shall make an assessment...amount needed to pay such losses and expenses upon its members liable to assessment therefor, in proportion to their several liability. The company shall... | |
| Abraham Titus Brewer, Gustav Adolf Laubscher - 1900 - 748 pages
...impairment shall exceed twenty-five per cent of the reinsurance reserve required to be maintained, it shall make an assessment for the amount needed to pay such losses and expenses upon its members liable to assessment therefor in proportion to their several liabilities, and to make good... | |
| |