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" ... is in hand and securely invested. But in actual practice the first year's margins do not cover first year's expenses, and in no case, upon first year's business, is the net first year's theoretical reserve in hand at the end of the first year. In... "
What Shall be Done with Assessment Insurance? - Стр. 56
авторы: George Dyre Eldridge - 1899 - Страниц: 66
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Public Documents of Massachusetts, Том 7,Часть 2

Massachusetts - 1897 - Страниц: 594
...invested. But in actual practice the first year's margins do not cover first year's expenses, and in no case, upon first year's business, is the net first...case this purely theoretical first year's reserve as a liability against the policy, is, to say the least, illogical. To compel the payment of any portion...
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Papers and Transactions, Том 4

1896 - Страниц: 538
...invested. But in actual practice the first year's margins do not cover first year's expenses, and in no case, upon first year's business, is the net first...case this purely theoretical first year's reserve as a liability against the policy is, to say the least, illogical. To compel the payment of any portion...
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