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" If purchased at par, at the par value; if purchased above or below par, on the basis of the purchase price adjusted so as to bring the value to par at maturity and so as to yield in... "
Laws of the State of New York - Page 605
by New York (State) - 1935
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Acts Passed at the ... Session of the General Assembly for the Commonwealth ...

Kentucky - 1922 - 564 pages
...State, may, if amply secured and not in default as to principal and interest, be valued as follows: If purchased at par, at the par value; if purchased...bring the value to par at maturity and so as to yield in the meantime the effective rate of interest at which the purchase was made ; provided that the purchase...
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Laws of the State of Indiana, Passed at the ... Session of the General Assembly

Indiana - 1921 - 1060 pages
...state, may, if amply secured and not in default as to principal and interest, be valued as follows : If purchased at par, at the par value; if purchased...below par, on the basis of the purchase price adjusted sc¬Ľas to bring the value to par at maturity and so as to yield in the meantime the effective rate...
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The Tribune Almanac and Political Register

1910 - 412 pages
...debt, if amply secured and not in default as to principal or interest, shall be valued as follows: If purchased at par, at the par value; if purchased...adjusted so as to bring the value to par at maturity, yielding meantime the effective rate of Interest at which the purchase was made. No domestic life insurance...
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Annual Report of the Insurance Commissioner of the State of New ..., Volume 70

New Hampshire. Insurance Department - 1921 - 332 pages
...state may, if amply secured and not in default as to principal and interest, be valued as follows: If purchased at par, at the par value; if purchased...bring the value to par at maturity and so as to yield in the meantime the effective rate of interest at which the purchase was made; provided that the purchase...
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General Laws of the State of Idaho ...

Idaho - 1921 - 648 pages
...State may, if amply secured and not in default as to principal and interest, be valued as follows : If purchased at par, at the par value ; if purchased...bring the value to par at maturity and so as to yield in the meantime the effective rate of interest at which the purchase was made ; Provided, That the...
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Annual Report and Balance Sheet for the Year, Volumes 33-58

1898 - 688 pages
...Commonwealth, may, if amply secured, and if not in default as to principal or interest, be valued as follows: If purchased at par, at the par value; if purchased...the purchase price adjusted so as to bring the value at maturity, and so as to yield meantime the effective rate of interest at which the purchase was made,...
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Studies in Practical Life Insurance: An Examination of the Principles of ...

James M. Hudnut - 1911 - 168 pages
...is ' ' amply secured and not in default as to principal or interest, shall be valued, as follows : If purchased at par, at the par value ; if purchased...rate of interest at which the purchase was made".* For example, a 4% bond bought at par always yields 4% on its cost, no matter when it matures; therefore...
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Life Insurance

Abb Landis - 1914 - 382 pages
...State, shall, if amply secured and if not in default as to principle and interest, be valued as follows: If purchased at par, at the par value; if purchased...bring the value to par at maturity, and so as to yield in the meantime the effective rate of interest at which the purchase was made, provided that the purchase...
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Burns' Annotated Indiana Statutes: Showing the General Statutes in ..., Volume 1

Indiana - 1921 - 1336 pages
...state, may, if amply secured and not in default as to principal and interest, be valued as follows: If purchased at par, at the par value; if purchased...bring the value to par at maturity and so as to yield in the meantime the effective rate of interest at which the purchase was made ; Provided, That the...
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Acts and Laws of the State of Connecticut

Connecticut - 1915 - 396 pages
...this state existing at the time of the passage of this act or according to the following rule, to wit: If purchased at par, at the par value; if purchased...the purchase was made; provided, that the purchase insurance price shall in no case be taken at a higher figure than the actual commissioner market value...
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