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On the Book-keeping of a Life Office
Published online by Cambridge University Press: 07 November 2014
Extract
The Council of the Faculty of Actuaries lately proposed to reprint my paper “On Life Assurance Book-keeping”, read before the Actuarial Society of Edinburgh in 1886. In revising it for this purpose, I have introduced a set of specimens of the various books referred to, with relative entries, which will, I believe, make the paper easier to follow. Their introduction has made it necessary, in order to avoid repetition, to make considerable alterations in the text. I have also, without interfering with the general system described, made such improvements in the books and entries described, as have been suggested to me by the experience of the last sixteen years. Having regard to those alterations, it would not be satisfactory to describe this paper as a second edition of my paper of 1886, and I have therefore given it a new title. The specimen books and entries have been prepared by Mr. John Notman, F.F.A., to whom I am indebted for valuable assistance in the work of revision.
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- Copyright © Institute and Faculty of Actuaries 1903
References
page 192 note 1 Some interesting observations on the subject of the different stages in the history of money transactions, will be found in Sir John Bowring's second Report on the Public Accounts of France, published as a Parliamentary paper in 1831, pp. 7 and 8.
page 201 note 1 The Register of Policies for each year is understood to be closed soon after 31 Dec, and to contain all assurances accepted in that year, which have been completed by payment of the premium.
page 240 note 1 ‘Forms of Life Office Book. By Nicol, William Smith F.F.A., Transactions of the Acturaial Society of Edinburgh, vol. iv, p. 149.Google Scholar ‘Some Suggestions in regard to Life Office Accounting, including inter alia an Arrangement of the American Card System suitable for the requirements of British Offices.’ By Turnbull, A. D. Lindsay A.I.A., F.F.A.. Transactions of the Actuarial Society of Edinburgh, vol. iv, p. 185.Google Scholar
page 246 note 1 The paper as read did not contain §§ 19, 21, 22, 49, 50.
page 248 note 1 A reference to those cases has been inserted.