The Baltimore Underwriter Volume 96; A Monthly Publication Devoted to the Interests of Insurance
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The Baltimore Underwriter Volume 96; A Monthly Publication Devoted to the Interests of Insurance

The Baltimore Underwriter Volume 96; A Monthly Publication Devoted to the Interests of Insurance


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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. 1917 Excerpt: ...too. A man may keep his own property. There is no law in any decent country to coerce him in such a matter. Why should they be concerned about the policyholders of the Equitable? Why indeed? Well, let them keep the stock, if they will. They wont suffer. It is a good investment; seven percent is a handsome interest these days. The majority stock can be transferred to trustees and voted at annual elections in favor of a ticket composed entirely of policyholders' representatives. In the course of time they might, if they were so disposed--the policyholders, we mean--have the charter amended regarding tockholders dividends to three or four percent. That would depreciate the value of the stock. The minority think, or sa.y so, that they have some claims on the surplus. They surely dream. The charter cuts them out. The company's policy contract cuts them out. The surplus, however and whenever earned, belongs to the policyholders. The stockholders are held to a seven percent annual dividend on the par value of the stock. If they can subdue their greed long enough to regard $1500 a share as being a great deal more than they deserve, they will be fortunate men. The Equitable is to be a purely mutual company--if not yet, then soon. A COUNTY MUTUAL VISION OF FIRE INSURANCE. After its experience in the business of hail insurance, the state of North Dakota is just the authority to furnish doctrine on the proper conduct of other sorts of insurance. The theories of the theorists (we want to be kind and gentle, so we call them theorists) composing the Nonpartisan League, the organization which captured the legislature and all the offices in North Dakota at the late election, should be peculiarly powerful with such citizens of the state as had to settle their claims against ...


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Product Details
  • ISBN-13: 9781130897722
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 198
  • Spine Width: 11 mm
  • Width: 189 mm
  • ISBN-10: 1130897729
  • Publisher Date: 01 Mar 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 363 gr


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The Baltimore Underwriter Volume 96; A Monthly Publication Devoted to the Interests of Insurance
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