Abstract

SynopsisThe paper attempts to give a factual description of industrial assurance as it is today. Among the matters discussed are :–Definition, origin and development of the businessLegislation affecting itStatisticsExpensesChanges in the type of business transacted in recent yearsThe organization of a large industrial assurance officeNew business, policy conditions, and the calculation of benefitsMethods, bases and machinery used in the valuation of policy contractsProfit sharing and its evolutionFree policies and cash surrender valuesLapse ratesProtection from forfeiture during periods of emergencyCriticismsPositive achievements of industrial assurance and its future

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