Principles of Insurance Legislation
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In our eReader you can find the full English version of the book. Read Principles of Insurance Legislation Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Principles of Insurance Legislation
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There were two of them ; and Elizur Wright, one of the most distin- guished actuaries and philanthropists of our age, was one of these. This commission, as originally appointed by the legislature, was, perhaps, hardly expected to become permanent, but it was found that there was so much to regulate and that the interests involved were so important that it seemed requisite to continue the office. After several years the number of commissioners was reduced to one and Elizur Wright continued in th...is office for a long time, during which the lines that insurance super- vision was to pursue, were pretty well mapped out.
At the first, necessarily a considerable measure of dis- cretionary power was given the commissioner. The valu- ation conditions were originally adopted by the com- 1*9 130 REGULATIVE STATUTES.
mission in Massachusetts without legislative action. These were the now well known standards of the Actu- aries' Table and 4 per cent, interest. The adoption of these standards was afterwards approved by the legisla- ture ; and, although Elizur Wright expected them to be merely temporary, their subsequent adoption by various State legislatures has made them the standards throughout the United States, although the seventeen offices' table was long ago eschewed in the land from which it came.
What to read after Principles of Insurance Legislation?
You can find similar books in the "Read Also" column, or choose other free books by Miles Menander Dawson to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
There were two of them ; and Elizur Wright, one of the most distin- guished actuaries and philanthropists of our age, was one of these. This commission, as originally appointed by the legislature, was, perhaps, hardly expected to become permanent, but it was found that there was so much to regulate and that the interests involved were so important that it seemed requisite to continue the office. After several years the number of commissioners was reduced to one and Elizur Wright continued in th...is office for a long time, during which the lines that insurance super- vision was to pursue, were pretty well mapped out.
At the first, necessarily a considerable measure of dis- cretionary power was given the commissioner. The valu- ation conditions were originally adopted by the com- 1*9 130 REGULATIVE STATUTES.
mission in Massachusetts without legislative action. These were the now well known standards of the Actu- aries' Table and 4 per cent, interest. The adoption of these standards was afterwards approved by the legisla- ture ; and, although Elizur Wright expected them to be merely temporary, their subsequent adoption by various State legislatures has made them the standards throughout the United States, although the seventeen offices' table was long ago eschewed in the land from which it came.
What to read after Principles of Insurance Legislation?
You can find similar books in the "Read Also" column, or choose other free books by Miles Menander Dawson to read onlineMoreLess
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