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The New York Insurance Law; Being the Statutory Revision of the Laws Affecting Insurance Companies Enacted in 1892, With All Amendments to and ... the Amendments of 1906 Proposed by the Armst
This historic book may have numerous typos, missing text, images, or index. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. 1906. Not illustrated. Excerpt: ... ARTICLE VI. Life Or" Casualty Insurance Corporations Upon The Co-opErative Or Assessment Plan. Section 200. Incorporation. 201. What corporations to be subject to this article. 202. Annua...
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This historic book may have numerous typos, missing text, images, or index. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. 1906. Not illustrated. Excerpt: ... ARTICLE VI. Life Or" Casualty Insurance Corporations Upon The Co-opErative Or Assessment Plan. Section 200. Incorporation. 201. What corporations to be subject to this article. 202. Annual report. 203. Designation of principal office, and of person upon whom process be served. 204. Foreign corporations. 205. Reserve or emergency fund. 206. Reincorporation of existing societies. 207. Visitation by superintendent; proceedings to restrain corpora tion from doing business. 208. Hearing thereon.' 1 209. Corporations subject to this article; annual meetings; examina tions; transfers of risk; reinsurance. 210. Payment of maximum amount of policy; notice of assessment. 211. Change of beneficiary. 212. Exemption from execution. 213. Penalties. 214. Exemption of certain societies and subordinate lodges, of Odd Fellows and Masons, from the provisions of this article. 215. Corporations may deposit securities with the superintendent of insurance. 216. Quorum. Section 200. Incorporation.--Nine or more persons may become a corporation for the purpose of transacting the business of life or casualty insurance, or both, upon the co-operative or assessment plan, fraternal or non-fraternal, by filing in the office of the superintendent of insurance a declaration signed by each of them and duly acknowledged, setting forth their intention to form a corporation for the transaction of life or casualty insurance, or both, upon the co-operative or assessment plan, the name of the proposed corporation, the place where its principal office shall be located within the state, the mode in which its corporate powers are to be exercised and of electing directors or other persons, by whatsoever name or title designated, who are to have and exercise the general control and management of ...
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