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. 1921 edition. Excerpt: ...proved previous disability from any form of abscess, rheumatism, indigestion, disease of the ear, lungs, or any disease which experience has shown must be looked upon with suspicion. 15. Application a part of the policy.--The basis upon which an accident or health policy rests is the application, which is made ...
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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. 1921 edition. Excerpt: ...proved previous disability from any form of abscess, rheumatism, indigestion, disease of the ear, lungs, or any disease which experience has shown must be looked upon with suspicion. 15. Application a part of the policy.--The basis upon which an accident or health policy rests is the application, which is made a part of the policy itself. The statements made in the application may be grouped into three classes: identification, exposure and physical condition of the risk. The identification includes the name, residence and physical description of the applicant, the name, address and relationship of the beneficiary, and the instruction for payment of benefits. The exposure includes the statements of the general occupation and specific duties of the insured, the earnings from his occupation, and an enumeration of such other insurance as he may carry. These statements will control the premium rate and the benefits to be paid. Under the statements covering the physical condition of the risk, we find his age, height, weight, bodily and mental condition. There is also a history of medical treatment during the preceding five years and of previous claims with other companies. Since every statement is a warranty, if it should develop that the insured was materially impaired at the time the application was made, as has previously been stated, there would be no liability under the policy, whether the failure to make mention of such impairment was intentional or not. 16. Consideration and term of policy.--A statement of the consideration, which is the amount of premium passing from the insured to the insuring company is placed at the beginning of the policy. The term of the policy follows, usually either for three, six months or one year. At the expiration of...
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