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House. Comm. on Mercantile Affairs and Insurance. Report on the gross amount any insurance company can be allowed to risk on its capital, 1836
House No. 33 Report relative to insurance companies. On February 24, 1836, the Committee on Mercantile Affairs and Insurance, in response to an
order on January 12, 1836 to consider whether insurance companies had to limit the risk to their capital, offered a report: The Committee offered a lot
of data because it thought the public misunderstood the industry. The Revised Statutes said an insurance company could not accept a single risk of
more than 10% of their capital. Actually, the companies used the premiums to ameliorate risk and had been very successful in that approach. There had
not been any failures of companies and it was not worth tinkering with the statutes. (Digitized from a microfilm copy of title originally held by the
Library of Congress).
Title:   Report relative to insurance companies.
OCLC Number:   1390417447
Available Volumes
NameFiche CountOnlinePaper Backup
Vol. 1YesNo