Hostname: page-component-848d4c4894-2pzkn Total loading time: 0 Render date: 2024-05-01T08:00:51.388Z Has data issue: false hasContentIssue false

Notes on the Industrial Assurance Act, 1923

Published online by Cambridge University Press:  18 August 2016

J. Murray Laing
Affiliation:
Britannic Assurance Company, Ltd.

Abstract

Image of the first page of this content. For PDF version, please use the ‘Save PDF’ preceeding this image.'
Type
Other
Copyright
Copyright © Institute and Faculty of Actuaries 1924

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

page 48 note * The only instance in which these equations would not be strictly accurate would be where W was greater than the difference between the tabular benefits at ages x and x + t, and where consequently the adjustment provided for in Section 24 (2) would upset the equation. It is provided therein that the amount of the free paid-up policy shall not exceed the difference between the amount of the forfeited policy (inclusive of any bonuses) and the amount which would be assured by a corresponding policy at the same premium effected on the same life according to the age at the birthday next following the date of forfeiture.