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The Absence of Uniformity in Legislation, Supervision,
and Taxation, 247.-Diversity of Judicial Opinion in the
Several States as to the Meaning of the Policy, 249.-
State vs. Federal Supervision, 252.-The Two Systems
Compared, 252.-The Interstate and International Char-
acter of Insurance in the United States, 254.-Insurance
Not an Instrumentality of Commerce According to the
Decisions of the Supreme Court, 254.-The Force of
These Decisions When Applied to Federal Supervision,
255.
PAGES
PART II.-MARINE INSURANCE
CHAPTER XXII
THE DEVELOPMENT OF MARINE INSURANCE
257-277
The General Nature of Marine Insurance as Contrasted
with Fire Insurance, 259.-Its Relation to Commerce,
260.-Early History, 261.-Development in Great Britain,
263.-Development in America, 265.-Reasons for the
Decline of American Companies, 270.-The Division of
American Business Between Domestic and Foreign Com-
panies, 275.-Reasons for this Division, 275.-Self-In-
surance, 277.
CHAPTER XXIII
THE ORGANIZATION AND PURPOSES OF LLOYD'S
278-287
The Purposes of Lloyd's, 278.-The Intelligence Depart-
ment of Lloyd's, 278.--The Publications of Lloyd's, 279.
-The Classes of Members at Lloyd's, 281.-The Degree
to which the Members Are Supervised, 282.—The Daily
Routine of Business at Lloyd's and the Method of Un-
derwriting Risks, 283.-Copy of Lloyd's Policy, 285.
CHAPTER XXIV
TYPES OF POLICY CONTRACTS IN MARINE INSURANCE
288-294
Definition of a Contract of Marine Insurance, 288.-In-
surable Interest in Marine Insurance, 288.-Classification
of Policies According to the Subject Matter Insured,
290.-Classification According to the Manner of Stating
the Value of the Subject Insured, 290.-Policies Classi-
fied According to Whether the Vessel is Named or Not,
291.-Policies Classified According to the Term, 291.-
The Relation of American Policies to the Lloyd's Policy,
292.-Copies of Sample Policies, 295.
CHAPTER XXV
THE NATURE OF THE RISK ASSUMED AND THE PERILS IN-
SURED AGAINST
295-301
Description of the Property and Duration of the Voyage,
295.-Meaning of "Lost or Not Lost" and "At and
From," 296.-Ascertainment of the Insurable Value of
the Different Subjects of Insurance, 297.-Enumeration
of the Perils Against which Protection is Granted, 298.-
The Perils Classified, 299.-The Meaning of "Perils of
the Sea, 300.-The Meaning of "Jettison" and "Bar-
ratry," 300.-The Meaning of "All Other Perils, Losses,
and Misfortunes," 301.
CHAPTER XXVI
302-307
THE TYPES OF LOSSES ARISING FROM MARINE PERILS
Classification of Losses, 302.-Actual Loss, 302.-Con-
structive Total Loss, 302.-Notice of Abandonment, 303.
-General Average, 303.-The Rules for Computing Gen-
eral Average Losses, 304.-The Apportionment of Gen-
eral Average Loss, 305.—Right to Collect General Av-
erage Contributions, Independently of Marine Insurance,
306.-Particular Average, 306.-The Rules for Settling
Particular Average Losses, 307.-Salvage in Marine In-
surance, 307.
CHAPTER XXVII
POLICY PROVISIONS PROTECTING THE INSURER AGAINST
FRAUD, UNNECESSARY Loss, AND UNDESIRABLE
RISKS
308-315
Unnecessary Loss and Undesirable Risks, 308.-"Other
Insurance" Clause, 308.-The "Sue and Labor" and
"Waiver" Clauses, 309.-The "Memorandum" Clause,
310.-Development of this Clause, 310.-Its Application,
311.-Subdivision of Risks into "Series," 312.-Clauses
Which Exempt the Company from Liability for Certain
Losses, 312.-Subrogation, 313.-Provisions Facilitating
the Adjustment of Claims, 313.-Enumeration of Acts
Which Render the Policy Void, 314.-Miscellaneous Pro-
visions, 314.
CHAPTER XXVIII
SPECIAL AGREEMENTS INDORSED ON MARINE POLICIES
316-322
Their Number and Importance, 316.-The "Collision
Clause, Its Development and Application, 316.-The
"Free from Particular Average Clause," 317.-Other
Leading Clauses, 318.-Warranties and Representations
in Marine Insurance, 318.-The Purpose of Warranties
in Marine Insurance, 319.-Expressed Warranties, 320.—
Implied Warranties, 320.
PART III.-BONDING.-TITLE AND CREDIT
INSURANCE
CHAPTER XXIX
CORPORATE SURETYSHIP
323-352
The Shortcomings of Personal Surety, 325.-The Devel- opment of Corporate Surety Bonding, 326.-The Advan- tages Derived from Corporate Suretyship, 328.—The Ex-
tent of the Surety Bonding Business, 328.-The Various
Types of Risks Covered, 328.-The Determination of the
Premium Charged for Various Types of Risks Covered,
330.-The Policy Provisions Classified and Explained,
333.-Sample Fidelity Bond, 336.-Employer's State-
ment, 337.-Fidelity Application, 339.-Fidelity Bond
Covering Several Employees, 345.-Contractor's Bond,
349.-Administrator's Bond, 351.
CHAPTER XXX
TITLE INSURANCE
353-374
The Nature of Title Insurance, 353.-The Theory on
Which Such Insurance is Written, 353.-Enumeration of
the Advantages of Title Insurance, 354.-The Nature of
the Premium, 356.-Explanation of the Process of Ex-
amining Titles by Title Insurance Companies, 357.-The
Losses Paid by Title Insurance Companies, 360.-The
Types of Policies Issued, 360.-The Provisions of the
Policy Classified and Explained, 362.-Mortgage Policies
Guaranteeing the Principal and Income on Mortgages,
365.-Sample Copies of (1) the Application for the Policy
and (2) the Policy, 367.
CHAPTER XXXI
CREDIT INSURANCE
375-388
Definition of Credit Insurance, 375.-Its Present Status,
375.-Necessity for This Type of Insurance, 375.-Its
Uses to the Business Community, 375.-Methods of Safe-
guarding the Company Against Unnecessary Losses,
378.-The Initial Loss, 378.-"Coverage,' "379.-The
Single Account Limit, 381.-Credit Insurance Based
upon the Credit Rating of the Customer, 382.-Maximum
Total Liability Assumed, 383.-Definition of Insolvency
as Given in the Policy, 385.—Salvage in Credit Insur-
ance, 386.-The Future Possibilities of Credit Insurance,
387.-A Guaranteed Collection Service, 387.
I. FIRE INSURANCE
BIBLIOGRAPHY
389-398
General Works, 389.-Treatises on Insurance Law, 391.
-Manuals, Handbooks, and Charts, 393.--Bibliogra-
phies, Encyclopedias, Dictionaries, and Year Books,
395.-Reports of Leading Fire Insurance and Business
Organizations, 396.-Government Reports, 397.-Compi-
lations of State Laws Relating to Insurance, 397.
II. MARINE INSURANCE
398-401
Historical and Descriptive Works, 398.-Legal Treat-
ises, 400.