Reactivation of War Damage Insurance: Hearings Before ... , 81-2 on H.R. 913-, 9312, 9340 ... , December 7 and 8, 1950 |
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... -52 76058 DECEMBER 7 and 8 , 1950 Printed for the use of the Committee on Banking and Currency UNITED STATES GOVERNMENT PRINTING OFFICE WASHINGTON : 1950 COMMITTEE ON BANKING AND CURRENCY BRENT SPENCE , Kentucky ,. Y4.B22 : W 194 Front ...
... -52 76058 DECEMBER 7 and 8 , 1950 Printed for the use of the Committee on Banking and Currency UNITED STATES GOVERNMENT PRINTING OFFICE WASHINGTON : 1950 COMMITTEE ON BANKING AND CURRENCY BRENT SPENCE , Kentucky ,. Y4.B22 : W 194 Front ...
Page 14
... cover this field . Sub- sequent to the date of introduction of H. R. 9802 , it was brought to our attention that the insurance industry has , by appropriate com- mittee action , decided to remove this express reference to atomic weapons ...
... cover this field . Sub- sequent to the date of introduction of H. R. 9802 , it was brought to our attention that the insurance industry has , by appropriate com- mittee action , decided to remove this express reference to atomic weapons ...
Page 23
... cover losses incident to actions or accidents by our own forces . Let me use an example : A bomb is flying over a home . So it will not get too in- volved , we will say that a bomb slips out of the bombbay and falls into a house and ...
... cover losses incident to actions or accidents by our own forces . Let me use an example : A bomb is flying over a home . So it will not get too in- volved , we will say that a bomb slips out of the bombbay and falls into a house and ...
Page 24
... cover such an occurrence . Mr. WOLCOTT . If the War Production Administration acquired a plant , owned by the Government and there was damage , in the provisions of the contract or law to that Government - owned plant , would this ...
... cover such an occurrence . Mr. WOLCOTT . If the War Production Administration acquired a plant , owned by the Government and there was damage , in the provisions of the contract or law to that Government - owned plant , would this ...
Page 25
... cover properties which are in areas other than the continental United States , the Territories , and possessions by occupation , and that includes the United States . Mr. HERD . That is correct ; which I assume would include Japan at ...
... cover properties which are in areas other than the continental United States , the Territories , and possessions by occupation , and that includes the United States . Mr. HERD . That is correct ; which I assume would include Japan at ...
Common terms and phrases
agency agents amend American amount approval Association bill bomb BRENT SPENCE casualty companies Casualty Insurance CHAIRMAN COLE committee Congress Corporation is authorized coverage damage insurance damage to property deemed dollars DOUGHERTY employees enacted enemy attack including fire funds so supplied HERD Hiroshima hypothecate imposed including any action Indemnity Insurance Brokers Insurance Co insurance companies insurance industry judicially noticed legislation liability marine MCKINNON MULTER Nagasaki necessary or appropriate objects and purposes Pearl Harbor personal property persons or parties policies POMEROY powers and duties premium President property in transit property insurance protection against loss purposes set question reactivate real and personal real property reasonable protection Reconstruction Finance Corporation reinsurance resisting enemy attack result from enemy risk of loss square miles statement taxation taxes Territories tion Underwriters United War Damage Corporation war-damage insurance WERTZ WOLCOTT workmen's compensation insurance World War II York
Popular passages
Page 3 - ... income, shall be exempt from all taxation now or hereafter imposed by the United States, by any Territory, dependency, or possession thereof, or by any State, county, municipality, or local taxing authority, except that any real property of the Corporation shall be subject to State, Territorial, county, municipal or local taxation to the same extent according to its value as other real property is taxed.
Page 11 - States in collecting debts from bankrupt, insolvent, or decedents' estates; to determine the character of and the necessity for its obligations and expenditures, and the manner in which they shall be incurred, allowed, and paid...
Page 7 - The Corporation, including its franchise, its capital, reserves, and surplus, and its income shall be exempt from all taxation now or hereafter imposed by the United States, by any Territory, dependency, or possession thereof, or by any State, county, municipality, or local taxing authority...
Page 6 - Act, the corporation has the power — (1) to sue and be sued, complain and defend, in its corporate name and through its own counsel, in any court, State or Federal; (2) to adopt, alter, and use a corporate seal, which...
Page 12 - Corporation to use its funds to provide, through insurance, reinsurance, or otherwise, reasonable protection against loss of or damage to property, real and personal, which may result from enemy attack (including any action taken by the military, naval, or air forces of the United States in resisting enemy attack...
Page 3 - The Administration is authorized to obtain money from the Treasury of the United States, for use in the performance of the powers and duties granted to or imposed upon it by law, not to exceed a total of $50,000,000 outstanding at any one time.
Page 11 - Corporation shall from time to time establish uniform rates for each type of property with respect to which such protection is made available...
Page 15 - Contractor ; smoke ; sprinkler leakage ; earthquake or volcanic eruption ; flood, meaning thereby rising of a body of water ; hostile or war-like action, including action in hindering, combating, or defending against an actual, impending or expected attack by any government or sovereign power (de jure or de facto) , or by any authority using military, naval, or air forces, or by an agent of any such government...
Page 57 - Secretary shall also contribute to the employees' compensation fund, on the basis of annual billings as determined by the Secretary of Labor for the benefit payments made from such fund on account of the employees engaged in carrying out the provisions of this title.
Page 57 - The Corporation shall contribute to the civil-service retirement and disability fund, on the basis of annual billings as determined by the Civil Service Commission, for the Government's share of the cost of the civil-service retirement system applicable to the Corporation's employees and their beneficiaries. The...