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Amicable Society
Amicable Society for a Perpetual Assurance Office ( Amicable Society) is considered the first life insurance company in the world.Anzovin, p. 121. "The first life insurance company known of record was founded in 1706 by the Bishop of Oxford and the financier Thomas Allen in London, England. The company, called the Amicable Society for a Perpetual Assurance Office, collected annual premiums from policyholders and paid the nominees of deceased members from a common fund." "The Amicable Society was established on July 25, 1706 as the Amicable Society for a Perpetual Assurance Office under a charter of Queen Anne and lays claim to being the first mutual life assurance society established in the world."Baynes, p.180 References
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Amicable Society For A Perpetual Assurance Office, Serjeants' Inn, Fleet Street, London, 1801
In mathematics, the amicable numbers are two different natural numbers related in such a way that the addition, sum of the proper divisors of each is equal to the other number. That is, ''s''(''a'')=''b'' and ''s''(''b'')=''a'', where ''s''(''n'')=σ(''n'')-''n'' is equal to the sum of positive divisors of ''n'' except ''n'' itself (see also divisor function). The smallest pair of amicable numbers is (220 (number), 220, 284 (number), 284). They are amicable because the proper divisors of 220 are 1, 2, 4, 5, 10, 11, 20, 22, 44, 55 and 110, of which the sum is 284; and the proper divisors of 284 are 1, 2, 4, 71 and 142, of which the sum is 220. The first ten amicable pairs are: (220, 284), (1184, 1210), (2620, 2924), (5020, 5564), (6232, 6368), (10744, 10856), (12285, 14595), (17296, 18416), (63020, 76084), and (66928, 66992) . It is unknown if there are infinitely many pairs of amicable numbers. A pair of amicable numbers constitutes an aliquot sequence of Periodic sequence, pe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Amicable Society Coat Of Arms
In mathematics, the amicable numbers are two different natural numbers related in such a way that the sum of the proper divisors of each is equal to the other number. That is, ''s''(''a'')=''b'' and ''s''(''b'')=''a'', where ''s''(''n'')=σ(''n'')-''n'' is equal to the sum of positive divisors of ''n'' except ''n'' itself (see also divisor function). The smallest pair of amicable numbers is ( 220, 284). They are amicable because the proper divisors of 220 are 1, 2, 4, 5, 10, 11, 20, 22, 44, 55 and 110, of which the sum is 284; and the proper divisors of 284 are 1, 2, 4, 71 and 142, of which the sum is 220. The first ten amicable pairs are: (220, 284), (1184, 1210), (2620, 2924), (5020, 5564), (6232, 6368), (10744, 10856), (12285, 14595), (17296, 18416), (63020, 76084), and (66928, 66992) . It is unknown if there are infinitely many pairs of amicable numbers. A pair of amicable numbers constitutes an aliquot sequence of period 2. A related concept is that of a perfect number ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insurance Contract
In insurance, the insurance policy is a contract (generally a standard form contract) between the insurer and the policyholder, which determines the claims which the insurer is legally required to pay. In exchange for an initial payment, known as the premium, the insurer promises to pay for loss caused by perils covered under the policy language. Insurance contracts are designed to meet specific needs and thus have many features not found in many other types of contracts. Since insurance policies are standard forms, they feature boilerplate language which is similar across a wide variety of different types of insurance policies. Available through HeinOnline. The insurance policy is generally an integrated contract, meaning that it includes all forms associated with the agreement between the insured and insurer.Wollner KS. (1999). How to Draft and Interpret Insurance Policies. Casualty Risk Publishing LLC. In some cases, however, supplementary writings such as letters sent after ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Life Insurance
Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract A contract is an agreement that specifies certain legally enforceable rights and obligations pertaining to two or more parties. A contract typically involves consent to transfer of goods, services, money, or promise to transfer any of thos ... between an insurance policy holder and an insurance , insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person. Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. The policyholder typically pays a premium, either regularly or as one lump sum. The benefits may include other expenses, such as funeral expenses. Life policies are legal contracts and the terms of each contract describe the limitations of the insured events. Often, specific exclusions written into the contract limit the liability of the insurer; c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1706 Establishments In England
Seventeen or 17 may refer to: *17 (number) * One of the years 17 BC, AD 17, 1917, 2017, 2117 Science * Chlorine, a halogen in the periodic table * 17 Thetis, an asteroid in the asteroid belt Literature Magazines * ''Seventeen'' (American magazine), an American magazine * ''Seventeen'' (Japanese magazine), a Japanese magazine Novels * ''Seventeen'' (Tarkington novel), a 1916 novel by Booth Tarkington *''Seventeen'' (''Sebuntiin''), a 1961 novel by Kenzaburō Ōe *'' Seventeen'' (''Kuraimāzu hai''), a 2003 novel by Hideo Yokoyama * ''Seventeen'' (Serafin novel), a 2004 novel by Shan Serafin Stage and screen Film * ''Seventeen'' (1916 film), an American silent comedy film *''Number Seventeen'', a 1932 film directed by Alfred Hitchcock * ''Seventeen'' (1940 film), an American comedy film *''Stalag 17'', an American war film *''Eric Soya's '17''' (Danish: ''Sytten''), a 1965 Danish comedy film * ''Seventeen'' (1985 film), a documentary film * ''17 Again'', a 2009 film whose wo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Companies Established In 1706
Finance refers to monetary resources and to the study and discipline of money, currency, assets and liabilities. As a subject of study, is a field of Business Administration wich study the planning, organizing, leading, and controlling of an organization's resources to achieve its goals. Based on the scope of financial activities in financial systems, the discipline can be divided into personal, corporate, and public finance. In these financial systems, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. Due to its wide scope, a broad range of subfields exists within finance. Asset-, money-, risk- and investment management aim to maximize value and minimize volatility. Financial analysis assesses the viability, stability, and pro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
