Fire Insurance the Essentials of the Fire Insurance Business

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He countersigns all policies of insurance and their renewals, certificates of stock, conveyances of real estate, satisfaction of mortgages paid off, and other agreements and documents as may be required by the business of the company. He takes charge of the common seal of the company and affixes it to deeds, documents and other papers. He keeps the min- utes of the board of directors, and when required to do so by OFFICE WORK OF AN INSURANCE COMPANY 93 the board of directors or any of its stand...ing committees pre- pares a balance sheet of the affairs of the company and recites its general condition at the stockholders' annual meeting. The board of directors may at any time appoint one or more assist- ant secretaries, and in case of the absence or disability of the secretary or of a vacancy in that office the president designates which of the assistants shall act as secretary until the disability is removed or the vacancy is filled by the board of directors.
The treasurer is a fiduciary agent of the company.


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