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Article THE GENERAL ASSURANCE ADVOCATE. ← Page 4 of 8 →
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
The General Assurance Advocate.
influences of both locality ancl employment , the rationale ol an effective sanitary system can never be completely demonstrated . This is not of course the place to enter into a detail of our views upon that point , to which we shall , at some future time , with greater elaboration direct the attention and consideration of our readers . Fortunately , however , for the calmness of our future course , whatever result our investigations
may show , these are subjects with regard to which the interests of Assurance Companies and the public are completely as one . The longer an insurer lives to pay his premiums , the better both for the Company in which he has effected a policy and for himself . There never was a commercial system in which the best interests of all parties were so completely identified as they are in Assurance ; a result , we
apprehend , owing simply to its resting upon the principle of Association for mutual good . Ancl while these wide ancl extensive views receive due consideration , minor points will not be neglected ; on the contrary , details will receive a large share of attention , for it is upon a due regulation of them that the successful carrying out of every great theory must ultimately depend . The reports of the vast body of societies will , it is conceived , furnish a constantly recurring succession of interesting and important topics , and their examination , together with the collection of statistical data , and the collating of news bearing upon the subject ,
will serve among others the not unimportant point of keeping alive public attention . To Insurers much of what we have said as to our claims upon companies is strictly applicable . Every man , whether of the higher , middle , or upper classes , is intimately , though it may be indirectly , concerned in financial affairs and commercial operations . Sanitary measures too
are equally important to all , and a right understanding of the great labour question , whether in its relations to happiness , health , or longevity , is in the highest degree desirable . If , too , it be to the interest of the Assurance Companies that the subject should be kept continually before the public , and the field of their operations extended , those results are equally to the interest of each individual Assurer , for his security
depends upon the stability and good management of the Society with which he is connected , and the wider the base upon which that Society stands , the more certainly may its profits and losses be calculated in reference to the average of human life , and therefore the greater the chance of its success , the less the risk of the failure . A great part of tho ground which might profitably to all parties be occupied by
wellconducted and properly organized Assurance Companies , is at present possessed by friendly societies , benefit clubs , money clubs , burial clubs , ancl other associations , established upon insufficient data ancl incorrect calculations , and generally most unfair and prejudicial in their action as
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
The General Assurance Advocate.
influences of both locality ancl employment , the rationale ol an effective sanitary system can never be completely demonstrated . This is not of course the place to enter into a detail of our views upon that point , to which we shall , at some future time , with greater elaboration direct the attention and consideration of our readers . Fortunately , however , for the calmness of our future course , whatever result our investigations
may show , these are subjects with regard to which the interests of Assurance Companies and the public are completely as one . The longer an insurer lives to pay his premiums , the better both for the Company in which he has effected a policy and for himself . There never was a commercial system in which the best interests of all parties were so completely identified as they are in Assurance ; a result , we
apprehend , owing simply to its resting upon the principle of Association for mutual good . Ancl while these wide ancl extensive views receive due consideration , minor points will not be neglected ; on the contrary , details will receive a large share of attention , for it is upon a due regulation of them that the successful carrying out of every great theory must ultimately depend . The reports of the vast body of societies will , it is conceived , furnish a constantly recurring succession of interesting and important topics , and their examination , together with the collection of statistical data , and the collating of news bearing upon the subject ,
will serve among others the not unimportant point of keeping alive public attention . To Insurers much of what we have said as to our claims upon companies is strictly applicable . Every man , whether of the higher , middle , or upper classes , is intimately , though it may be indirectly , concerned in financial affairs and commercial operations . Sanitary measures too
are equally important to all , and a right understanding of the great labour question , whether in its relations to happiness , health , or longevity , is in the highest degree desirable . If , too , it be to the interest of the Assurance Companies that the subject should be kept continually before the public , and the field of their operations extended , those results are equally to the interest of each individual Assurer , for his security
depends upon the stability and good management of the Society with which he is connected , and the wider the base upon which that Society stands , the more certainly may its profits and losses be calculated in reference to the average of human life , and therefore the greater the chance of its success , the less the risk of the failure . A great part of tho ground which might profitably to all parties be occupied by
wellconducted and properly organized Assurance Companies , is at present possessed by friendly societies , benefit clubs , money clubs , burial clubs , ancl other associations , established upon insufficient data ancl incorrect calculations , and generally most unfair and prejudicial in their action as