The Spectator Insurance Yearbook

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The Spectator., 1893

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Excellent Insurance Yearbook. I highly recommend it. 5 Stars. By Gregg L. Friedman MD

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Page 83 - Issuing a policy of insurance is not a transaction of commerce. The policies are simple contracts of indemnity against loss by are, entered into between the corporations and the assured, for a consideration paid by the latter. These contracts are not articles of commerce in any proper meaning of the word. They are not subjects of trade and barter offered in the market as something having an existence and value independent of the parties to them.
Page 85 - Any of the district courts of the United States within the jurisdiction of which such inquiry is carried on...
Page 82 - It exists only in contemplation of law and by force of the law; and where that law ceases to operate, and is no longer obligatory, the corporation can have no existence. It must dwell in the place of its creation, and cannot migrate to another sovereignty.
Page 82 - It relieves them from the disabilities of alienage in other states; it inhibits discriminating legislation against them by other States; it gives them the right of free ingress into other States, and egress from them ; it insures to them in other States the same freedom possessed by the citizens of those States in the acquisition and enjoyment of property and in the pursuit of happiness; and it secures to them in other States the equal protection of the laws.
Page 70 - ... to any relative by blood or connection by marriage of the insured, or to any person appearing to said company to be equitably entitled to the same by reason of having incurred expense on behalf of the insured for his or her burial, or if the insured be more than 15 years of age at the date of this policy, for any other purpose...
Page 82 - Having no absolute right of recognition in other States, But depending for such recognition and the enforcement of its contracts upon their- assent, it follows, as a matter of course, that such assent may be granted upon such terms and conditions as those States may think proper to impose. They may exclude the foreign corporation entirely; they may restrict its business to particular localities, or they may exact such security for the performance of its contracts with their citizens as in their judgment...
Page 82 - At the present day corporations are multiplied to an almost indefinite extent. There is scarcely a business pursued requiring the expenditure of large capital, or the union of Large numbers, that is not carried on by corporations. It is not too much to say that the wealth and business of the country are to a great extent controlled by them. And if, when composed of citizens of one state, their corporate powers and franchises could be exercised in other states without restriction, it is easy to see...
Page 83 - At the time of the formation of the Constitution a large part of the commerce of the world was carried on by corporations.
Page 125 - New Mexico New York North Carolina North Dakota Ohio Oregon Pennsylvania Rhode...
Page 83 - This state of facts forbids the supposition that it was intended in the grant of power to Con•gress to exclude from its control the commerce of corporations. The language of the grant makes no reference to the instrumentalities by which commerce may be carried on; it is general, and includes alike commerce by individuals, partnerships, associations anu corporations.

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