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 1470by New York (State) - 1923Full view - About this book
| 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.... | |
| 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... | |
| 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... | |
| 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... | |
| 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... | |
| 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... | |
| 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... | |
| 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,... | |
| 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... | |
| 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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