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 edition. Excerpt: ...based on the number of employees, such a contract, being in the name of the corporation as the insurer, may be signed officially by its president, and such subscription is valid.19 In case of marine policies in England private insurers underwrite with their own names, and Lloyds' policy is ordinarily executed ...
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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 edition. Excerpt: ...based on the number of employees, such a contract, being in the name of the corporation as the insurer, may be signed officially by its president, and such subscription is valid.19 In case of marine policies in England private insurers underwrite with their own names, and Lloyds' policy is ordinarily executed by individual underwriters, and against each subscription is generally set in words and figures the date and also the sum insured." And in fact the act incorporating the society of Lloyds 18 prohibits subscribing in the name of a partnership or otherwise than in the name Corp. Cas. N. S. 770; Rev. Stat, foot of the policy, writing opposite 1894, see. 455. But compare Dela-thereto the sum insured by each; ware Ins. Co. v. Pennsylvania Fire and the effect of this is that each Ins. Co. 126 Ga. 3.80, 55 S. E. 330. makes a separate contract with the 15 Carter v. Bankers Life Ins. Co. assured for the amount, set opposite 83 Neb. 810, 120 N. W. 455, acts to his name, the assured thereby 1903, c. 52, sec. 15, p. 332. acquiring a right of action against 18 National Protective Assoc. v. each separately and not against all Prentice Brown Stone Co. 49 Minn. jointly." 17 Earl of Halsbury's 220, 51 N. W. 916. Laws" of England, p. 339, citing 17 Form of subscription of English marine ins. act 1906 (6 Edw. VII. c. marine policy as recognized in the 41) sec. 24 (2): Tyser v. Ship Ownmarine insurance act as the standard ers Syndicate (reassured), 1896 1 form of policy (Lloyds): "In wit-Q. B. 135; Leo Steamship Co. Ltd. v. ness whereof, we, the assurers, have Corderoy (1896), 1 Com. Cas. 300, subscribed our names and sums as-379, C. A. sured in London;" then follows "The mode employed in effecting memorandum clause, then...
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