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- Manhattan_Life_Insurance_Company abstract "Incorporated on May 29, 1850, The Manhattan Life Insurance Company is a life insurance company domiciled in New York but operates as a subsidiary of Manhattan Insurance Group in Houston, Texas today.After the New York Deposit Law was passed in 1851 to prevent recklessness by insurance companies from having inadequate security and incompetent management, the founders of Manhattan Life sought to provide stability by creating a stock company controlled by a board of directors with a financial interest in the management, while at the same time protecting the interests of policyholders by giving them the advantages of a mutual system whose profits belong to the insured. As an additional safeguard, one-half of the directors were to be policyholders whose premiums were at least $100 per year and all policyholders whose premiums qualled or exceeded $75 were entitled to vote. The company was successful and maintained a favorable record.In 1894 the company built the first skyscraper in New York, and the tallest building in the world at the time: the Manhattan Life Insurance Building. It was sold off by the company in 1926.Between 1984 and 1986 the parent company moved from a mixed stock and policy holder model to a full stock ownership, moving Manhattan Life Insurance Company into the model with them. The company was formerly a subsidiary of the Manhattan Life Corporation.In early 1854 Manhattan Life Insurance issued the first Group Policy ever written by the company, which was a shipment of 700 Chinese labourers (or 'coolies'). The company assumed a quarter of the financial risk, with other companies taking on the rest. Part of the underwriting included a stipulation that a doctor be present, and that other needs pertaining to 'mortality' were available.By the end of the voyage, 11 'coolies' died of disease, and three had jumped overboard. Manhattan Life Insurance paid out a quarter of the total loss, and made $432 on the transaction.A 2009 New York State department of Financial Services report found a number of policyholder disclosure violations. A followup examination by the same department in 2014 revealed that subsequent actions were taken by the company to satisfy each of the citations in a manner acceptable to the Department.".
- Manhattan_Life_Insurance_Company foundingYear "1850".
- Manhattan_Life_Insurance_Company industry Financial_services.
- Manhattan_Life_Insurance_Company industry Life_insurance.
- Manhattan_Life_Insurance_Company product Annuity_(American).
- Manhattan_Life_Insurance_Company product Health.
- Manhattan_Life_Insurance_Company product Life_insurance.
- Manhattan_Life_Insurance_Company type Privately_held_company.
- Manhattan_Life_Insurance_Company wikiPageExternalLink www.manhattanlife.com.
- Manhattan_Life_Insurance_Company wikiPageID "39933790".
- Manhattan_Life_Insurance_Company wikiPageLength "5737".
- Manhattan_Life_Insurance_Company wikiPageOutDegree "16".
- Manhattan_Life_Insurance_Company wikiPageRevisionID "694166486".
- Manhattan_Life_Insurance_Company wikiPageWikiLink Annuity_(American).
- Manhattan_Life_Insurance_Company wikiPageWikiLink Category:Insurance_companies_based_in_New_York_City.
- Manhattan_Life_Insurance_Company wikiPageWikiLink Category:Insurance_companies_of_the_United_States.
- Manhattan_Life_Insurance_Company wikiPageWikiLink Category:Life_insurance_companies.
- Manhattan_Life_Insurance_Company wikiPageWikiLink Coolie.
- Manhattan_Life_Insurance_Company wikiPageWikiLink Financial_services.
- Manhattan_Life_Insurance_Company wikiPageWikiLink Group_insurance.
- Manhattan_Life_Insurance_Company wikiPageWikiLink Health.
- Manhattan_Life_Insurance_Company wikiPageWikiLink Houston.
- Manhattan_Life_Insurance_Company wikiPageWikiLink Life_insurance.
- Manhattan_Life_Insurance_Company wikiPageWikiLink Manhattan_Life_Insurance_Building.
- Manhattan_Life_Insurance_Company wikiPageWikiLink New_York_City.
- Manhattan_Life_Insurance_Company wikiPageWikiLink Privately_held_company.
- Manhattan_Life_Insurance_Company wikiPageWikiLink United_States.
- Manhattan_Life_Insurance_Company wikiPageWikiLinkText "Manhattan Life Insurance Company".
- Manhattan_Life_Insurance_Company foundation "1850".
- Manhattan_Life_Insurance_Company headquarters Houston.
- Manhattan_Life_Insurance_Company headquarters United_States.
- Manhattan_Life_Insurance_Company industry Financial_services.
- Manhattan_Life_Insurance_Company industry Life_insurance.
- Manhattan_Life_Insurance_Company name "The Manhattan Life Insurance Company".
- Manhattan_Life_Insurance_Company products "Supplemental health".
- Manhattan_Life_Insurance_Company products "and Life Insurance, Annuities".
- Manhattan_Life_Insurance_Company type Privately_held_company.
- Manhattan_Life_Insurance_Company wikiPageUsesTemplate Template:Infobox_company.
- Manhattan_Life_Insurance_Company wikiPageUsesTemplate Template:Insurance-company-stub.
- Manhattan_Life_Insurance_Company wikiPageUsesTemplate Template:Reflist.
- Manhattan_Life_Insurance_Company wikiPageUsesTemplate Template:Underlinked.
- Manhattan_Life_Insurance_Company wikiPageUsesTemplate Template:Url.
- Manhattan_Life_Insurance_Company subject Category:Insurance_companies_based_in_New_York_City.
- Manhattan_Life_Insurance_Company subject Category:Insurance_companies_of_the_United_States.
- Manhattan_Life_Insurance_Company subject Category:Life_insurance_companies.
- Manhattan_Life_Insurance_Company hypernym Company.
- Manhattan_Life_Insurance_Company type Agent.
- Manhattan_Life_Insurance_Company type Bank.
- Manhattan_Life_Insurance_Company type Company.
- Manhattan_Life_Insurance_Company type Organisation.
- Manhattan_Life_Insurance_Company type BankOrCreditUnion.
- Manhattan_Life_Insurance_Company type Organization.
- Manhattan_Life_Insurance_Company type Agent.
- Manhattan_Life_Insurance_Company type SocialPerson.
- Manhattan_Life_Insurance_Company type Thing.
- Manhattan_Life_Insurance_Company type Q43229.
- Manhattan_Life_Insurance_Company comment "Incorporated on May 29, 1850, The Manhattan Life Insurance Company is a life insurance company domiciled in New York but operates as a subsidiary of Manhattan Insurance Group in Houston, Texas today.After the New York Deposit Law was passed in 1851 to prevent recklessness by insurance companies from having inadequate security and incompetent management, the founders of Manhattan Life sought to provide stability by creating a stock company controlled by a board of directors with a financial interest in the management, while at the same time protecting the interests of policyholders by giving them the advantages of a mutual system whose profits belong to the insured. ".
- Manhattan_Life_Insurance_Company label "Manhattan Life Insurance Company".
- Manhattan_Life_Insurance_Company sameAs Q17109251.
- Manhattan_Life_Insurance_Company sameAs m.0w7pcp0.
- Manhattan_Life_Insurance_Company sameAs Q17109251.
- Manhattan_Life_Insurance_Company wasDerivedFrom Manhattan_Life_Insurance_Company?oldid=694166486.
- Manhattan_Life_Insurance_Company homepage www.manhattanlife.com.
- Manhattan_Life_Insurance_Company isPrimaryTopicOf Manhattan_Life_Insurance_Company.
- Manhattan_Life_Insurance_Company name "The Manhattan Life Insurance Company".