this policy for its expiration. The Committee, however, may at their discretion admit the claims of such member to the extent of the contributions which he is liable to pay to the intent that such claims may be set off against such contributions (note 8).
(9) The said ship shall be deemed to be at all times fully insured against all perils covered by an ordinary Lloyd's policy, with collision clause attached (note 9) and containing an F. C. & S. clause in the following terms:
Warranted free from capture, seizure and detention, and the consequences thereof or any attempt thereat, barratry, piracy, riots and civil commotions excepted and also from all consequences of hostilities or warlike operations whether before or after declaration of war. and to be fully entered in the....... .Protection Association Limited, and no claim whatever against which a ship is deemed to be otherwise insured or protected as aforesaid or against which she is in fact insured or protected by any other insurance policy or Protection Association shall be recoverable under this policy.
(10) In ascertaining whether a ship is a constructive total loss, the insured value shall be taken as the repaired value, and nothing in respect of the damaged or breaking up value of the ship shall be taken into account.
(11) In the event of total or constructive total loss no claim to be made by the Association for freight or passage moneys, whether notice of abandonment has been given or not (note 10).
(12) Prompt notice of any loss, or of the happening of any event which is likely to give rise to a claim, shall be given in writing to the Association, failing which the Committee may, in their absolute discretion, refuse to admit the claim or make such deduction therefrom as they may think fit (note II).
Accident insurance: taxation, 101; in Ger- many, 165; in Switzerland, 173; in Den- mark, 174.
See Airplane insurance.
Agents of the enemy, American court de- cisions concerning, 33. Airplane insurance, 12; in England, 217; in Germany, 220.
Alien enemies: British proclamation con- cerning, 16; public custodian for prop- erty of, 17; forbidden to write policies of marine or war risk insurance, 22; American court decisions concerning, 25; English court decisions concerning, 34. Alien Property Custodian, 17, 235, 238. Allotments, family: in United States, 146, 262; in Canada, 157; in England, 160; in France, 162; in Germany, 169; in Austria-Hungary, 171; in Italy, 172; in Switzerland, 174.
Allowances. See Allotments, family. Amalgamations in marine insurance: Eng- lish, 196; German, 203.
American court decisions on war insur- ance contracts, 25. Amount of life insurance written, effect of war on, 49; English statistics, 50; Japanese business from 1880 to 51; Canadian statistics, 52; in Germany, 52; in Russia, 53; lapses and surrender of policies, 53; loans on policies, 55. Application blanks for United States gov- ernment insurance: vessel, 272; cargo, 273; freight, 274; crew, 275.
Army Nurse Corps, insurance for, 126, 135, 147, 265, 268, 269. Association of Life Insurance Presidents, report to, 64.
Australia, government insurance in, 44; participation of life companies in gov. ernment loans, 96. Austria-Hungary:
war clause in life in- surance companies, 79; social insurance, 171; fire reinsurance, 213; fire insur-
British government aid to insurance: ma- rine, 181; airplane, 217.
British marine companies, private: business transacted by, 189; loss settlements of, 190; statistics, 192, 193, 194; effect of high rates, 194; amalgamations, 196. Burial expenses, allowances for, 147.
Canada: early effects on life insurance in, 51; statistics, 52; government loans in, 96; mortality experience of, 111; social insurance and pensions in, 157. Canadian Patriotic Fund, 157.
Cargo insurance by United States Govern- ment: act providing for, 249; instruc- tions concerning, 251; application blank for, 273; form of policy, 282. Chino-Japanese War, death rate for Jap. anese Army, 61.
Civil War, death rate in, 61.
Contracts and the war, 14; court decisions concerning: American, 25; British, 34; terms of life policies, 57:
Court decisions on status of war insurance contracts: American cases, 25; English cases during present war, 34. Crew insurance by United States Govern- ment: act providing for, 253; applica tion blank for, 275; form of policy, 276. Deaths due to present war, table showing,
Disability insurance: United States, 140, 148, 265; Canada, 157; England, 160; Austria- France, 163; Germany, 170; Hungary, 171; Italy, 172.
Enemy, agents of the: American court de- cisions concerning, 33.
Enemy fire insurance companies in United
States: status of, 231; statistics, 233, 236; exclusion of, 234. See also Alien enemies.
England: status of alien enemies, 15; regu- lations, 24; court decisions, 34; early effects on life companies, 50; war clause in life companies, 72; finances of life companies, 87; mortality experience, 113; social insurance, 158; public aid to ma- rine insurance, 181, 286; fire reinsur- ance, 213; airplane insurance, 217; fire insurance, 220.
English court decisions on war insurance contracts, 34.
English life offices, war mortality and, 114. Society, war Equitable Life Assurance
Equitable Life Insurance Company, war clauses of, 66.
Evils of United States pension system, 153.
Family allotments. See Allotments, family. Finances of English fire insurance com- panies, 221; statistics, 222, 224, 225, 226. Finances of life companies, 81; premium income, 82; depreciation of securities, 84; English companies, 87; participation in government loans, 94; taxation, 98. Fire hazards, new, 207.
Fire insurance: taxation, 101; new indus- trial hazards, 208; moral hazards, 209;
difficulty in increasing rates, 211; in- crease in operating expenses, 211; rein- surance, 212; bombardment and plane risks, 217; in England, 220; in United States, 227; in France, 238; in Germany and Austria, 242; in Sweden,
Foreign companies, English decision status of, 15; rights of, 17; proclama- tions concerning, 16, 18, regulations 20; British concerning, United States, 229; decision of Secre- 24; in the tary McAdoo concerning, 234. France: moratoria, 40; war clause in life companies, 78; mortality experience,
110; social insurance and pensions, 162; marine insurance, 201; fire reinsurance, 215, 216; fire insurance, 238. Franco-Prussian War: German death rate in, 61; mortality statistics in countries affected by, 107, 108.
Freight insurance by United States Gov- ernment: act providing for, 249; appli- cation blank for, 274; policy form, 284. French fire insurance statistics, 240, 241. German fire insurance companies, status of: in United States, 232; in France and England, 233.
German fire reinsurance, 213. Germania Life Insurance Company, war clauses of. 71.
Germany: life insurance, 52, 96; mortality experience, 117; social insurance, 163; accident insurance, 165; old age insur- ance, 167; family allotments, 169; pen- sions, 170; marine insurance, 202; fire reinsurance, 213; airplane 220; fire insurance, 242. insurance, Government aid to marine insurance: in England, 181, 286; in the United States, 196, 249, 272; in France, 201; in Ger- many, 202; in Japan, 204; in Sweden, 205; in Russia, 206.
Government insurance: before the
44: British airplane and bombardment insurance, 217; in United States, see War risk insurance.
Government loans, participation by life companies in: United States,
England, 94; Australia, 96; Canada, 96; Germany, 96.
Great Southern Company, war clauses of, 69.
Health insurance: taxation of, 101. Home Life Insurance Company,
Life insurance: prewar status of, 46; ef- fect of on: amount written, 49; policy contracts, 57; companies' finances, 81; taxation, 98; mortality experience, 105. See also War risk insurance. Loans: on policies, 55; participation of life insurance companies in government, 94.
McAdoo, William G.: extract of letter of, 122; conference called by, 199; decision by, concerning companies, 234. enemy fire insurance Marine insurance: alien enemies forbidden to write policies of, 22; taxation, 101; increased risks, 176; public aid, 180; in England, 181; in United States, 196, 249, 272; in France, 201; in Germany, 202; in Japan, 204; in Sweden, 205; in Russia, 205. See also War Risk In-
surance Bureau Act. Marine loss settlements, 190. Maritime insurance.
Maryland Life Insurance Company, war clauses of, 68.
Maternity benefits: English, 159; French, 163; German, 169; Italian, 172. Metropolitan Life Insurance Company,
plan of, for insuring Canadian soldiers, 113.
Mexican War, death rate in, 61. Military and Naval Insurance, Bureau of, 122; policy for, 132. Military service clause.
in life insurance policies. Mines, effect of, on marine insurance, 177. Minnesota Mutual Company, war clauses of, 68.
Missouri State Life Insurance Company, war clauses of, 68.
Moral hazards in fire insurance, 209. Moratoria and insurance: in France, 40; in United States, 41, 83; in England, 82. Mortality cost, plans for meeting, United States
terms and conditions of soldiers' and sailors' insurance, 129.
Mortality experience: of nonbelligerents, 106; in France, 110; in Canada, 111; in England, 113; in Germany, 117. Mutual Life Insurance Company, table showing war losses of, 111.
National Insurance Act of England, 158. National Life Insurance Company of the United States of America, war clauses of, 67.
Navy Nurse Corps, insurance for, 126, 135, 147, 265, 268, 269. Neutral countries: fire insurance in, 244. Neutrals in Franco-Prussian War, table showing deaths of combatants and, 108. New England Mutual Life Insurance Com- pany, war clauses of, 67.
New York Life Insurance Company, war clauses of, 67.
Nonbelligerents, mortality of,
Northwestern Mutual Life Insurance Com- pany, war clauses of, 65. Northwestern National
Company, war clauses of, 65.
Occidental Life Insurance Company, war clauses of, 66.
Old age pensions: in Germany, 167; in Denmark, 174.
Operating expenses of fire insurance, in- crease in, 211.
Pension system of the United States: classification, 149; service pensions, 150; evils of, 153.
Pensions. See Social insurance and pen- sions; Pension system of the United States.
Policy forms for United States govern- ment insurance: crew, 276; vessel, 277; voyage, 280; cargo, 282; freight, 284. Policy forms used in agreement between British Government and insurance com- panies: standard form issued by the As- sociation, 286; reinsurance form issued by the government, 292; form issued by Association to cover new voyages during
Premium income of life companies, effect of war on: in England, 82; in United States, 83.
President of United States. See Wilson, Woodrow.
Presidential proclamations, 18, 20. Private marine companies, 189.
Proclamations concerning insurance: Brit- ish, 16; American, 18, 20. Property insurance, war and, 9. Prudential Insurance Company of Eng- land, war claims paid by, 116. Prussia. See Germany.
Prussian Life Insurance Company, report of, 117.
Public aid to marine insurance: English, 181; American, 196, 249; French, 201; German, 202; Japanese, 204; Swedish, 205; Russian, 206.
Public custodians of insurance property, 16. 238.
Public insurance. See Government insur-
Rates: war risk, in life insurance, 77;
table of, for United States government insurance, 130, 131; effect of high ma- rine, 194; difficulty in increasing, for fire insurance, 211.
Reinsurance in fire insurance, 212. Rights of foreign companies, 17. Russia: life insurance, 53; marine insur- ance, 205; fire reinsurance, 213, 216.
Scandinavia: fire reinsurance in, 213. Scientific development of insurance, 4. Secretary of the Treasury. See McAdoo, Wm. G.
Securities of life insurance companies, de- preciation in. See Depreciation in se- curities, etc.
Separation allowances. See Allotments, family.
Service pensions: in the United States, 150; statistics, 153, 154; in Germany,
Social insurance and pensions: growth of, 12, 143: war effect on, 144; in the United States, 145; in Canada, 157; in England, 158; in France, 162; in Ger- many, 163; in Austria-Hungary, 171; in Italy, 172; in Switzerland, 173; in Den- mark, 174.
Soldiers' and Sailors' Civil Rights Bill, 83. Soldiers' and Sailors' insurance: terms and
conditions of, 129; text of act provid- ing for, 257.
Spanish-American War, mortality experi ence in, 61.
Statistical tables: Life insurance: amount in leading nations in 1916, 47; foreign business of United States companies,
48; early effects on English companies, 50; growth in Japan, 51; conditions in Canada, 52; surrender values paid by English companies, 56; classification of war clauses in United States, 62, 63; tabulation of English war clauses, 76; extra premium for war hazard, 78; dis- tribution of assets and price movement of bonds in United States, 86, 87; finances of English companies, 90-93; mortality statistics, 106-109, III, 112, 115; United States war risk insurance, 129-131, 134; total number engaged in previous United States wars, 152; pen. sion statistics, 153-155. Marine insur- ance: finances of British companies for 1914 and 1915, 192-194; finances of American companies, 197; business transacted by War Risk Bureau, 200; finances of German companies, 202. Fire insurance: British finances, 222- 226; losses in United States, 1910-1916, 229; finances of foreign companies in United States, 233, 236; financial state- ments of French companies, 240, 241; finances of German and Austrian com- panies, 242, 243; premiums and losses in Sweden, 245.
Status of enemy fire insurance companies in United States, 231; statistics, 233, 236.
Status of life insurance before the war, 46.
Statutes of limitation American court de- cisions concerning effect of war on, 33. Submarine insurance, 12.
Surety bonds: taxation of, 101. Surrender of policies, lapses and, 53. Sweden: marine insurance in, 205; fire insurance in, 244.
Switzerland, social insurance in, 173.
Taxation, 44, 98, 101, 230, 240. Terms of life insurance policy contracts: modifications necessitated in, 57; efforts to unify war clause, 61; practice in United States, 65; disability clause, 71; war clause in England, 72; rates for war risk, 77; in France, 78; in Austria- Hungary, 79.
Trading with the enemy: American act, 22, 231; English act, 24; American court decisions concerning, 25; English court decisions concerning, 34; German act,
United States: foreign companies, 17, 229; court decisions, 25; moratoria, 41, 83; efforts to unify war clause, 61; di- vergence in practice of life companies, 65; disability clause, 71, 140; Soldiers' and Sailors' Civil Rights Bill, 83; stock exchange situation, 86; participation in government loans, 94; taxation, 99, 230; government insurance, 122; social insur- ance, 145; pension system, 149; marine insurance, 196, 249, 272; fire insurance, 227. See also War risk insurance.
Vessel insurance by United States Gov- ernment: act providing for, 249; in- structions concerning, 251; application blank for, 272; form of policy, 277.
War claims paid by English companies, table showing, 115.
War clause in life insurance policies: ef- forts to unify, 61; in the United States,
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