On certain Methods of dividing the Surplus among the Assured in a Life Assurance Company; and on the Rates of Premium that should be charged to render them equitable

Extract

The subject of the division of surplus in a Life Assurance Company is one that cannot fail to be interesting to all who are engaged in the business of life assurance, as well as to the public at large; and while there is so great a diversity as at present exists in the methods of division in use, it must be useful occasionally to draw attention to it, as a means of inviting discussion and the interchange of opinions. This must be my apology for bringing before this Society this evening a subject which has more than once been discussed here; for I can scarcely hope to lay before you in my remarks much that has the merit of novelty, on a matter that has occupied the attention of the most eminent men in our profession.