While other causes were at work, the chief cause of the universal slaughter of small companies, which took place about twenty-five years ago, was the legal requirement of a reserve in the first year of each policy. * * * "Had Dr. Sprague's proposal been... What Shall be Done with Assessment Insurance? - Стр. 54авторы: George Dyre Eldridge - 1899 - Страниц: 66Полный просмотр - Подробнее о книге
| Miles Menander Dawson - 1905 - Страниц: 428
...penalties contributed by retiring policyholders towards the expense of replacing the discontinued risks. "While other causes were at work, the chief cause...requirement of a reserve in the first year of each policy. The energies which in this growing country might have been turned toward the establishment of new and... | |
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