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" If the association is not possessed of cash funds above its unearned premium 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 members liable to assessment... "
Laws of the State of New York - Page 1470
by New York (State) - 1923
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Acts & Laws Passed by the Legislature

Vermont - Law - 1919 - 410 pages
...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....
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Acts Passed at the ... Session of the General Assembly for the Commonwealth ...

Kentucky - Session laws - 1916 - 804 pages
...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 subscriber liable to assessment therefor in proportion to their several liability. Every subscriber...
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The Southern Reporter, Volume 40

Law reports, digests, etc - 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...
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Acts of the State of Ohio, Volume 85

Ohio - Law - 1888 - 670 pages
...reinsurance reserve reto have impaired its capital, and when such impairment shall quired 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...
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Acts and Resolves Passed by the General Court of Massachusetts

Massachusetts - Law - 1894 - 1174 pages
...its reinsurance ml**, "hca." be reserve, 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 its members liable to assessment therefor, in proportion to their several liability. The company shall...
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Journal of the Indiana State Senate ... of the General Assembly, ..., Volume 59

Indiana. General Assembly. Senate - Indiana - 1895 - 1438 pages
...funds, above its re-insurance reserve, 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 its members liable to assessment therefor, in proportion to their several liabilities. The company...
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Reports of Cases Heard and Determined in the Appellate Division ..., Volume 125

New York (State). Supreme Court. Appellate Division - Law reports, digests, etc - 1908 - 1078 pages
...cash funds above its reinsurance reserve, 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 its members liallle to assessment therefor, in proportion to their several liability. * * * Section...
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Annual Report of the Commissioner of Insurance of the State of Wisconsin

Wisconsin. Department of Insurance - 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,...
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Ohio Corporations Other Than Municipal: As Authorized by the Old and New ...

Abraham Titus Brewer, Gustav Adolf Laubscher - Corporation law - 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...
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Reports of Cases Argued and Determined in the Supreme Court of ..., Volume 71

Vermont. Supreme Court - Law reports, digests, etc - 1900 - 568 pages
...cash funds above its insurance reserve, 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 its members liable to assessment therefor, in proportion to their several liability. The company shall...
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