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"Nauticus" Volume 9; A Journal of Shipping, Insurance, Investments and Engineering

"Nauticus" Volume 9; A Journal of Shipping, Insurance, Investments and Engineering


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About the Book

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1920 Excerpt: ...necessary in order properly to draft a bill for submission to the 1921 legislature. Proposed Federal Legislation The United States Revenue Act of 1918 provides, in subdivision 15, Schedule A, Title XI, for the collection of a tax of three cents on each dollar or fractional part thereof of the premiums of each policy of insurance, whereby insurance is made or renewed upon property within the United States for a resident of the United States by any foreign insurer not authorized to do business in the United States. A bill has been introduced in the United States Senate by Senator Frelinghuysen of New Jersey, increasing the rate of tax to ten cents on each dollar of premium and requiring the broker negotiating such insurance, and also the assured to file reports of such insurance so placed. Our information indicates that such a large increase in the tax will not be adopted but that the rate may be fixed at five cents on each dollar of premium. STATE OF NEW YORK (Note: New Matter in Italics.) AN ACT To amend the Insurance Law, in relation to reports of Insurance Corporations Organized outside of the United States. The People of the State of New York, represented in Senate and Assembly, do enact as follows: Section 1. Section forty-five of chapter thirty-three of the laws of nineteen hundred and nine, entitled, "An act in relation to insurance corporations, constituting chapter twenty-eight of the consolidated laws," is hereby amended to read as follows: Sec. 45. Forms of report to be furnished by superintendent. The superintendent shall cause to be prepared and furnished to every corporation required by the provisions of this chapter to report to him, printed forms of the reports and statements required of such corporations. He may make such changes f...


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Product Details
  • ISBN-13: 9781130675818
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 312
  • Spine Width: 17 mm
  • Width: 189 mm
  • ISBN-10: 1130675815
  • Publisher Date: 01 Mar 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 558 gr


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