Advanced Life Insurance: With Illustrations of the Principles and Practices of Actuarial Science |
Other editions - View all
Common terms and phrases
$1000 of insurance a₂ accident and health accumulated Actuarial adverse selection agents American Experience table amount at risk amount of insurance annuity-due annum average basis beneficiary calculation cent Chapter claims commutation columns company's COMPOUND INTEREST continue contract cost D₂ death deferred determined dividend double indemnity employees endowment insurance endowment policy gross premium group policy Hence home office income policy increase initial expenses insurance company insurance policy insured person INTEREST TABLE investment issued at age joint-life level premium lives loading M₂ ment method mortality table net annual premium net single premium non-cancellable non-participating ordinary life policy original company paid panies payable percentage policy-value policy-year policyholders premium rate premium-paying period present value probability protection purchase pure endowment rate of interest reinsurance reserve liability result single premium societies surance survive term insurance terminal net value terminal value tion usually valuation whole-life annuity
Popular passages
Page 246 - York, that he has become wholly and permanently disabled by bodily injury or disease so that he is and will be permanently, continuously and wholly prevented thereby from performing any work for compensation or profit...
Page 246 - Total disability shall be deemed to be "permanent" whenever It Is founded upon conditions which render It reasonably certain that It will continue throughout the life of the person suffering from It.
Page 246 - The permanent loss of the use of both feet, or both hands, or of both eyes, or of one foot and one hand, or of one foot and one eye, or of one hand and one eye: (3) The total loss of hearing of both ears; or (4) The organic loss of speech.
Page 273 - A provision for any mode of settlement at maturity of less value than the amount insured on the face of the policy...
Page 370 - Any corporation, society, order or voluntary association, without capital stock, organized and carried on solely for the mutual benefit of its members and their beneficiaries, and not for profit, and having a lodge system with ritualistic form of work and representative form of government, and which shall make provision for the payment of benefits in accordance with Section 5 hereof, is hereby declared to be a Fraternal Benefit Society.
Page 246 - ... (1) if the veteran, as the result of service-incurred disability, has suffered the anatomical loss or loss of use of both hands, or both feet, or of o.ne hand and one foot, or is blind in both eyes, with 5/200 visual acuity or less, or is permanently bedridden or so helpless as to be in need of regular aid and attendance, the monthly...
Page 262 - He shall require every Domestic Insurance Company to keep its books, records, accounts and vouchers in such a manner that he or his authorized representatives may readily verify its annual statements and ascertain whether the company is solvent and has complied with the provisions of law. He shall...
Page 276 - An Insurance broker Is a person, not an officer or agent of the company Interested, who for compensation, acts or aids in any manner In obtaining Insurance for a person other than himself.
Page 264 - County, or to the court of any county in which the principal office of such corporation is located, for an order directing such corporation to show cause why the Insurance Commissioner should not take possession of its property and conduct its business, and for such other relief as the nature of the case and the interests of its policyholders, creditors, stockholders, or the public may require.
Page 324 - Where a group life policy provided that it might be renewed from year to year for a further term of one year...