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A Discussion of some points of Life Assurance Administration in respect of which Divergence of Practice exists: A Plea for Uniformity

Published online by Cambridge University Press:  18 August 2016

Herbert Cecil Thiselton
Herbert Cecil Thiselton
Affiliation:
Scottish Amicable Life Assurance Society
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Extract

A careful study of the prospectuses of the leading life offices discloses so great a variety of practice in minor details that the question naturally arises whether something cannot be done to secure uniformity. I propose in the following pages to discuss a few illustrations of this diversity of practice with a view to showing that the requisite combination on our part could not fail to exercise a beneficial influence by the simplification of a naturally complex branch of business, by the withdrawal of unnecessary and vexatious restrictions, as well as by the resistance which could be offered to the demands for unwise concessions.

Type
Research Article
Information
Journal of the Institute of Actuaries , Volume 31 , Issue 1 , October 1893 , pp. 28 - 68
Copyright
Copyright © Institute and Faculty of Actuaries 1895

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