Types of Companies Classified, 47.-State Statutes Gov-
erning the Incorporation, Organization, and Operation,
of Fire Insurance Companies, 47.-The Organization of
Stock Companies, 53.-The Agency Organization, 54.—
The Daily Report, 55.-The Loss Department, 57.-The
Organization of Local Mutuals, 58.-Their Advantages
and Disadvantages, 59.-State Laws Relating to Local
Mutuals, 60.-State Mutuals, 60.-Their Organization,
60.-Reasons for Their General Failure, 60.-Factory
Mutuals, 62.-Their Work Along Lines of Fire Preven-
tion, 62.-The Reasons for Their Success, 62.-The Or-
ganization of Lloyd's Associations, 64.-The Reasons for
Their General Failure, 65.
The Evidence of Agency, 67.-Statutory Regulation of
Fire-Insurance Agents, 68.-Definition of "Insurance
Agent" by Statute, 69.-Supervision of the Operations
of Agents Representing Foreign Companies, 69.-The
Legal Character of Agency, 70.-"General" and "Spe-
cial" Agents Distinguished, 70.-The Extent to which
the Insured May Presume the Authority of the Agent,
70.-When the Agent May be Agent of Both Parties to
the Contract, 71.-Brokers Distinguished from Agents,
72.-Legal Position which Broker Occupies with Refer-
ence to the Insured, 73.—The Powers of the Agent, 75.—
Illustrations of the Power of the Agent to Waive Policy
Conditions, 77.-The Extent to which the Company Can
Limit the Powers of Its Agents by Stipulations in the
Policy, 77.-Legal Effect of the Agent's Opinion, 79.-
The Liability of Agents for Misconduct to the Principal,
79.-Knowledge of the Agent the Knowledge of the Com-
pany, 81.-Illustrations of this Principle, 82.-Liability
of the Company for the Acts or Knowledge of Sub-
Agents and Clerks, 84.
The Policy Provisions Relating to the Risk Assumed, 95.
-Liability Dependent upon the Location of the Property,
95.-The "Doctrine of Proximate Cause" and the Mean-
ing of the Term "Direct Loss," 96.-The Meaning of
"Loss or Damage by Fire," 98.-Excluded Risks, for
which the Company Assumes No Liability, Classified and
Described, 99.-Excluded Articles, 101.-Articles In-
sured Only When Liability is Indorsed on the Policy, 101.
-The Company's Liability Limited to the Actual Cash
Value of the Property at the Time of the Loss, 102.—
Valued Policy Laws, 103.-The Objections to Such Laws,
103.-The Option of the Company to Rebuild or Replace
the Destroyed or Damaged Property, 103.
The Policy Provision Relating to the Term, 105.-When
the Policy Takes Effect, 105.-Retroactive Insurance,
106. "Open Policies," 108.-The Renewal of the Con-
tract, 109.-A Renewal Policy Legally a New Contract,
109.-Description of the Property in Renewal Policies,
111.-Renewal Policy to be Presumed in All Respects
Like the Original Policy, 111.-Cancellation of the
Policy, 112.-The Right of Cancellation and Reasons
for, 112.-The Cancellation Clause of the Policy, 112.-
Tender of the Unearned Premium, 113.-Notice of Can-
cellation, 114.-Nature of Short Rate Tables Explained,
114.-Sample Short Rate Tables, 116.
Policy Provision Concerning, 124.-Apportionment of
Loss Where the Policies are Concurrent, 124.-Illustra-
tion of the Application of the Rule, 124.-Meaning and
Importance of Phrase "Whether Valid or Not, or by
Solvent or Insolvent Insurers," 125.-Contribution When
the Policies are Non-Concurrent, 126.-Examples of Non-
Concurrent Policies, 126.-Attitude of the Courts in Such
Cases, 127.-The Difficulties Involved in Apportioning
Compound Insurance, 128.—The Various Rules in Use for
the Apportionment of Loss Among Specific and Com-
pound Policies, 129.-An Example of the Apportionment
of Compound Insurance, 130.
Grouping of Such Provisions, 134.-Notice of Loss and
Proofs of Loss, 134.-Meaning of "Immediate" Notice,
135.-Certificate of a Notary Public, as Part of the Proofs
of Loss, 137.-Fireproof Safe Clause, 138.-The Exhibi-
tion of Property and Records, and the Examination of
Witnesses, 138.-The Appraisal Clause of the Standard
Policy, 139.-Its Interpretation, 140.—The Status of the
Clause in Pennsylvania, 140.
The Legal Relation of Such Indorsements to the Main
Body of the Policy, 142.-Indorsements Suggested by
the Policy and Policy Provisions Concerning Them, 144.
-Classification of Such Indorsements, 144.-Indorsement
Permitting Manufacturing Establishments to be Oper-
ated at Night or to Close Down, 144.-Indorsements
Permitting the Increase of the Hazard, 144.-Indorse-
ments Permitting the Presence of Prohibited Articles
on the Premises, 144.-The Vacancy Clause, 146.-In-
dorsements Relating to the Title, Possession, or Inter-
est, of the Insured in the Insured Property, 148.-In-
dorsements Which are Not Mentioned in the Policy
Classified and Explained, 150.
Definition of, 164.-The New York Standard Coinsurance
Clause, 164.-Application of the Coinsurance Clause
Illustrated, 165.-Reasons for the General Adoption of
the Principle Explained and Illustrated, 166.-Anti-Coin-
surance Laws, 170.--Such Laws Criticised, 171.-Graded
Rates for Coinsurance, 172.-Explanation of the Method
of Treating the Subject in the Universal Mercantile
Schedule, 172.-The Rule Adopted in this Schedule and
Its Application, 173.-The Reasoning Back of the Adop-
tion of this Rule, 173.-Coinsurance Applied to the
Rating of Fireproof Buildings, 175.-The Three-Quarters
Loss and Value Clauses, 180.
« PreviousContinue » |