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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... "
Studies in Practical Life Insurance: An Examination of the Principles of ... - Page 116
by James M. Hudnut - 1911 - 148 pages
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Acts Passed at the ... Session of the General Assembly for the Commonwealth ...

Kentucky - 1922 - 564 pages
...effective rate of interest at which the purchase was made ; provided that the purchase price shall in no case be taken at a higher figure than the actual...time of purchase ; and provided, further, that the Commissioner of Insurance shall have full discretion in determining the method of calculating values...
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Laws of the State of Indiana, Passed at the ... Session of the General Assembly

Indiana - 1921 - 1060 pages
...effective rate of interest at which the purchase was made; Provided, That the purchase price shall in no case be taken at a higher figure than the actual...time of purchase ; and Provided further, That the commissioner of insurance shall have full discretion in determining the method of calculating values...
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Acts and Resolves as Passed by the Legislature

Maine - 1915 - 1164 pages
...and interest, be valued upon the principles of amortization, provided that the Insurance Commissioner shall have full discretion in determining the method of calculating values according to the foregoing principles, and the values found by him in accordance with such method shall be final and binding ;...
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Annual Report of the Insurance Commissioner of the State of New ..., Volume 70

New Hampshire. Insurance Department - 1921 - 332 pages
...the effective rate of interest at which the purchase was made; provided that the purchase price shall in no case be taken at a higher figure than the actual...time of purchase; and, provided further, that the insurance commissioner shall have full discretion in determining the method of calculating values according...
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General Laws of the State of Idaho ...

Idaho - 1921 - 648 pages
...effective rate of interest at which the purchase was made ; Provided, That the purchase price shall in no case be taken at a higher figure than the actual...time of purchase ; and, Provided, Further, That the Department of Commerce and Industry shall have full discretion in determining the method of calculating...
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Annual Report and Balance Sheet for the Year, Volumes 33-58

1898 - 688 pages
...meantime the effective rate of interest at which the purchase was made, but the purchase price shall in no case be taken at a higher figure than the actual market value at the time or purchase. The Insurance Commissioner shall have full discretion in determining the method of calculating...
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Documents of the Senate of the State of New York, Volume 8

New York (State). Legislature. Senate - 1910 - 1404 pages
...the effective rate of interest at which the purchase was made; provided that the purchase price shall in no case be taken at a higher figure than the actual...and the values found by him in accordance with such methods shall l>o final and binding; provided, also, that any such corporation may return such bonds...
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Life Assurance Primer: A Text-book Dealing with the Practice and Mathematics ...

Henry Moir - 1912 - 248 pages
...effective rate of interest at which the "purchase was made, provided that the purchase price "shall in no case be taken at a higher figure than the "actual..."have full discretion in determining the method of cal" dilating values according to the foregoing rule, and the "values found by him in accordance with...
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Life Insurance

Abb Landis - 1914 - 382 pages
...the effective rate of interest at which the purchase was made, provided that the purchase price shall in no case be taken at a higher figure than the actual...method of calculating values according to the foregoing rules, and the values found by him in accordance with such method shall be final and binding; provided...
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Burns' Annotated Indiana Statutes: Showing the General Statutes in ..., Volume 1

Indiana - 1921 - 1336 pages
...effective rate of interest at which the purchase was made ; Provided, That the purchase price shall in no case be taken at a higher figure than the actual...time of purchase ; and Provided further, That the commissioner of insurance shall have full discretion in determining the method of calculating values...
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