On the Assessment System of Life Insurance

Extract

It will be within your recollection that in the course of the discussion which followed the reading of Mr. Sunderland's paper in December last (see p. 257 ante), I stated that while endeavouring to obtain information with regard to American insurance business, in connection with, the subject of that paper, I found to my astonishment that a large amount of business was apparently being carried on in that country upon lines more or less resembling a fallacious principle which had long ago been exploded in this country.