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The Texas Mathematics Teachers' Bulletin Volume 6-9

The Texas Mathematics Teachers' Bulletin Volume 6-9


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About the Book

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1920 Excerpt: ... insurance, without clearly understanding the logical and common sense operation and effect of it, is mere parrot learning. The actuary needs something more than to commit to memory a series of algebraic formulas or expressions; he needs clearly, intelligently, and comprehensively to recognize and understand every factor and every one of its legitimate functions. The actuary is expected to calculate all premium rates, to vouchsafe their scientific accuracy and also their adequacy. He must determine the financial obligations involved in the various policy forms issued by his company, and he is directly responsible for their safety. It is thus necessary that he possess sound judgment, and also that he be able to gauge accurately the interests and intents of those whose points of view differ from his own. The actuary collects and arranges statistics of the experience of his company and of the insurance world as a whole. He is usually expected to have a general knowledge of the laws of the various states pertaining to insurance, especially those giving the requirements for admission of life insurance companies to do business within their limits, and to see that his company and agents are licensed each year continuously, and also to see that the annual statements and other papers required by the various state insurance departments are properly executed. The actuary will frequently assist the medical director in passing upon risks, especially those involving questions of a moral nature, the hazard of occupation, or questionable personal habits and heredity. Furthermore, the medical director is often greatly indebted to the work of the actuary in collecting and analyzing statistics, for it is he who lays before the medical director the tabulated experience of his ...


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Product Details
  • ISBN-13: 9781231055601
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 112
  • Spine Width: 6 mm
  • Width: 189 mm
  • ISBN-10: 123105560X
  • Publisher Date: 01 May 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 213 gr


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