Read Forty-Sixth Annual Report of the Insurance Commissioner of the Commonwealth of Massachusetts, January 1, 1901, Vol. 2: Life, Casualty and Assessment Insurance (Classic Reprint)

Forty-Sixth Annual Report of the Insurance Commissioner of the Commonwealth of Massachusetts, January 1, 1901, Vol. 2: Life, Casualty and Assessment Insurance (Classic Reprint)

Massachusetts Insurance Commissioners

4.9/5 (20462 ratings)

Description:Excerpt from Forty-Sixth Annual Report of the Insurance Commissioner of the Commonwealth of Massachusetts, January 1, 1901, Vol. 2: Life, Casualty and Assessment InsuranceOf course there is the Opposite view, that paternalism and restraint are mistakes, that the people would be freer, happier and more prosperous under the rule of caveat emptor, - free trade, - every one for himself, and the business a game of wits. But that was not the one adopted, and is not now in question. It may be said that the system has acted to deter the formation of new companies; it has, but its effect has also been to keep existing ones in line, and the simple fact that no regular life company incorporated in Massachusetts has ever failed stands out in vivid illustration. What is the history Of other forms Of Massachusetts companies not so restricted? The roof overhead, unnoticed and unthought of, would be promptly brought to mind and appreciated by its failures in an inclement juncture.At the time the system of State supervision of life compa nies was adopted in Massachusetts, no one could possibly have imagined that the business could attain its present magnitude. If present conditions could have been more clearly foreseen, perhaps some more comprehensive and less cumbersome method would have been sought for. What it could have been, to as effectually meet the purpose, is not easy to see, nor has any proposed substitute seemed acceptable. A considerable and growing difficulty to completely effective supervision arises from the wide extension of the affairs of some of the United States companies beyond the borders of the republic, with the consequent location and deposit Of large funds in foreign and inaccessible custody. That, however, has nothing to do with the intention of the system within the home country, and merely illustrates the limitations Of this or any other super visory system.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Forty-Sixth Annual Report of the Insurance Commissioner of the Commonwealth of Massachusetts, January 1, 1901, Vol. 2: Life, Casualty and Assessment Insurance (Classic Reprint). To get started finding Forty-Sixth Annual Report of the Insurance Commissioner of the Commonwealth of Massachusetts, January 1, 1901, Vol. 2: Life, Casualty and Assessment Insurance (Classic Reprint), you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

Pages: —

Format: PDF, EPUB & Kindle Edition

Publisher: —

Release: —

ISBN: 0331887606

Description: Excerpt from Forty-Sixth Annual Report of the Insurance Commissioner of the Commonwealth of Massachusetts, January 1, 1901, Vol. 2: Life, Casualty and Assessment InsuranceOf course there is the Opposite view, that paternalism and restraint are mistakes, that the people would be freer, happier and more prosperous under the rule of caveat emptor, - free trade, - every one for himself, and the business a game of wits. But that was not the one adopted, and is not now in question. It may be said that the system has acted to deter the formation of new companies; it has, but its effect has also been to keep existing ones in line, and the simple fact that no regular life company incorporated in Massachusetts has ever failed stands out in vivid illustration. What is the history Of other forms Of Massachusetts companies not so restricted? The roof overhead, unnoticed and unthought of, would be promptly brought to mind and appreciated by its failures in an inclement juncture.At the time the system of State supervision of life compa nies was adopted in Massachusetts, no one could possibly have imagined that the business could attain its present magnitude. If present conditions could have been more clearly foreseen, perhaps some more comprehensive and less cumbersome method would have been sought for. What it could have been, to as effectually meet the purpose, is not easy to see, nor has any proposed substitute seemed acceptable. A considerable and growing difficulty to completely effective supervision arises from the wide extension of the affairs of some of the United States companies beyond the borders of the republic, with the consequent location and deposit Of large funds in foreign and inaccessible custody. That, however, has nothing to do with the intention of the system within the home country, and merely illustrates the limitations Of this or any other super visory system.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Forty-Sixth Annual Report of the Insurance Commissioner of the Commonwealth of Massachusetts, January 1, 1901, Vol. 2: Life, Casualty and Assessment Insurance (Classic Reprint). To get started finding Forty-Sixth Annual Report of the Insurance Commissioner of the Commonwealth of Massachusetts, January 1, 1901, Vol. 2: Life, Casualty and Assessment Insurance (Classic Reprint), you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

Special Offer | $0.00

Special Offer! | $0.00

Forty-Sixth Annual Report of the Insurance Commissioner of the Commonwealth of Massachusetts, January 1, 1901, Vol. 2: Life, Casualty and Assessment Insurance (Classic Reprint)

Forty-Sixth Annual Report of the Insurance Commissioner of the Commonwealth of Massachusetts, January 1, 1901, Vol. 2: Life, Casualty and Assessment Insurance (Classic Reprint)

More Books

Annual Report of the Insurance Commissioners: 1914 pt.1

Annual Report of the Insurance Commissioners: 1914 pt.1

Twenty Third Massachusetts Life Insurance Report, 1878

Twenty Third Massachusetts Life Insurance Report, 1878

Eighteenth Massachusetts Fire

Eighteenth Massachusetts Fire

Fifteenth Massachusetts Life Insurance Report, 1870 1870 [Leather Bound]

Fifteenth Massachusetts Life Insurance Report, 1870 1870 [Leather Bound]

Annual Report of the Insurance Commissioners: 1909 pt.2

Annual Report of the Insurance Commissioners: 1909 pt.2

Forty-Fourth Annual Report of the Insurance Commissioner of the Commonwealth of Massachusetts: January 1, 1899; Fire and Marine Insurance (Classic Reprint)

Forty-Fourth Annual Report of the Insurance Commissioner of the Commonwealth of Massachusetts: January 1, 1899; Fire and Marine Insurance (Classic Reprint)

6th Annual Report of the Insurance Commissioners 1861 [Leather Bound]

6th Annual Report of the Insurance Commissioners 1861 [Leather Bound]

Annual report of the Insurance Commissioners. Volume 1913 pt.2 1913 [Leather Bound]

Annual report of the Insurance Commissioners. Volume 1913 pt.2 1913 [Leather Bound]

Annual report of the Insurance Commissioners. Volume 1890 pt.1 1890 [Leather Bound]

Annual report of the Insurance Commissioners. Volume 1890 pt.1 1890 [Leather Bound]