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Article THE INSTITUTE OF ACTUARIES. ← Page 4 of 7 →
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The Institute Of Actuaries.
of a draft scheme should be referred to a sub-committee consisting of five members , and such sub-committee was accordingly then appointed . Your committee received the report of the sub-committee on the 27 tli of June last , and unanimously agreed to the plan hereunto appended , of which u printed copy has been forwarded to every actuary and secretary whose name appears in the " Post Magazine Almanack " for 1848 . Your committee , considering that the proposed plan is calculated to affect the individual interests of the whole of the professioninvite a full and
, free discussion of its details ; and should a scheme founded thereon he agreed to by a majority of the present meeting , they will be ready to cooperate in carrying the same into effect . Your committee would suggest that , in the event of some such plan as the one proposed being adopted , a provisional committee of not less than fifteen be forthwith appointed for the enrolment of members , and that on the expiration of the time prescribed for such enrolment a general meeting of the members be convened to elect a president and council .
THO . GALLOWAY , Chairman of the Committee . GRIFFITH DAVIES . JENKIN JONES . ROBERT TUCKER . PETER HARDY > CIIAS . JEI . LICOE . W . HILLMAN . DAVID JONES . W . RATRAY . J . J . SYLVESTER . W . T . ROBINSON . J . LE CAEPJGLAIN .
After which the chairman submitted the following plan : 1 . The Institute of Actuaries of Great Britain . 2 . The development and improvement of the mathematical theories upon which the practice of Life Assurance is based , and the collection and arrangement of data connected with the subjects of duration of life , health , and finance . 3 . The improvement and diffusion of knowledge , and the establishment of correct princiles relating to subjects involving monetary considerations
p and the doctrine of probability . 4 . A nearer approximation to uniformity of practice , official and professional . 5 . The settlement of points of professional and official usage , and protection generally to the members of the profession and the public . 6 . Elevation of the attainments and statutes of the members of the profession . 7 . The formation of a library , and the establishment of rooms for
reading and conversation . 8 . The free interchange of opinion and counsel in matters of difficulty , whether theoretical , official , or professional . 9 . The Institute to consist of two classes of members . First class , Fellows ; second class , Associates . 10 . Every Actuary , Assistant Actuary , or person performing the office of Actuary or Assistant Actuary to any Life Assurance , Annuity , or Reversionary Interest Society in Great Britain or Ireland , in existence and
completely registered on or before the 10 th day of June , 1848 , if he shall have acted in such capacity previous to that date , shall have a claim to be elected a Fellow of the Institute without ballot or previous examination , provided that he shall make such claim and offer himself for enrolment on or before the 1 st day of September , 1848 , and provided that he shall not be objected to by four-fifths of the Committee of Enrolment to be hereafter appointed . 11 . Every Manager , Managing or Resident Director , Secretary , or other
chief officer of any Life Assurance Society , in existence and completely registered on or before the 10 th day of June , 1848 , shall have a claim to ho admitted an Associate without ballot , provided he shall make such claim and offer himself for enrolment on or before the 1 st day of September ,
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
The Institute Of Actuaries.
of a draft scheme should be referred to a sub-committee consisting of five members , and such sub-committee was accordingly then appointed . Your committee received the report of the sub-committee on the 27 tli of June last , and unanimously agreed to the plan hereunto appended , of which u printed copy has been forwarded to every actuary and secretary whose name appears in the " Post Magazine Almanack " for 1848 . Your committee , considering that the proposed plan is calculated to affect the individual interests of the whole of the professioninvite a full and
, free discussion of its details ; and should a scheme founded thereon he agreed to by a majority of the present meeting , they will be ready to cooperate in carrying the same into effect . Your committee would suggest that , in the event of some such plan as the one proposed being adopted , a provisional committee of not less than fifteen be forthwith appointed for the enrolment of members , and that on the expiration of the time prescribed for such enrolment a general meeting of the members be convened to elect a president and council .
THO . GALLOWAY , Chairman of the Committee . GRIFFITH DAVIES . JENKIN JONES . ROBERT TUCKER . PETER HARDY > CIIAS . JEI . LICOE . W . HILLMAN . DAVID JONES . W . RATRAY . J . J . SYLVESTER . W . T . ROBINSON . J . LE CAEPJGLAIN .
After which the chairman submitted the following plan : 1 . The Institute of Actuaries of Great Britain . 2 . The development and improvement of the mathematical theories upon which the practice of Life Assurance is based , and the collection and arrangement of data connected with the subjects of duration of life , health , and finance . 3 . The improvement and diffusion of knowledge , and the establishment of correct princiles relating to subjects involving monetary considerations
p and the doctrine of probability . 4 . A nearer approximation to uniformity of practice , official and professional . 5 . The settlement of points of professional and official usage , and protection generally to the members of the profession and the public . 6 . Elevation of the attainments and statutes of the members of the profession . 7 . The formation of a library , and the establishment of rooms for
reading and conversation . 8 . The free interchange of opinion and counsel in matters of difficulty , whether theoretical , official , or professional . 9 . The Institute to consist of two classes of members . First class , Fellows ; second class , Associates . 10 . Every Actuary , Assistant Actuary , or person performing the office of Actuary or Assistant Actuary to any Life Assurance , Annuity , or Reversionary Interest Society in Great Britain or Ireland , in existence and
completely registered on or before the 10 th day of June , 1848 , if he shall have acted in such capacity previous to that date , shall have a claim to be elected a Fellow of the Institute without ballot or previous examination , provided that he shall make such claim and offer himself for enrolment on or before the 1 st day of September , 1848 , and provided that he shall not be objected to by four-fifths of the Committee of Enrolment to be hereafter appointed . 11 . Every Manager , Managing or Resident Director , Secretary , or other
chief officer of any Life Assurance Society , in existence and completely registered on or before the 10 th day of June , 1848 , shall have a claim to ho admitted an Associate without ballot , provided he shall make such claim and offer himself for enrolment on or before the 1 st day of September ,