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Article MEDICAL FEES—LIFE ASSURANCE . ← Page 2 of 4 →
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
Medical Fees—Life Assurance .
integrity had a higher morality than the payment of Directors' fees , Actuaries' salaries , and other ordinary expenses . AVe are too well acquainted with the general results of Life Assurance to be much out in our reckoning , ancl in stating that , independent of proper salaries to medical officers , the medical profession has annually sustained a loss of 80 , 000 / . ( and we are within the mark ) , or in twenty-five years no less a
sum than two millions sterling . It is high time that the subject should be investigated , and that tardy justice should be rendered . The subject is worthy of the gravest consideration , and one of two things must be the result ; either the old offices must follow the moral direction of their juniors in standing but their seniors in principle , and at once yield to the moral law , or they will have to contend against principle , ancl then will find that energy and zeal , profiting by experience , will assume a power of influence little dreamt of . We pause for the present , and shall merelv give publicity to some correspondence on the subject .
The following letter has been addressed to all members of the medical profession : — Westminster and General Life Assurance Association , 27 , King Street Covent Garden , 24 th October , 1848 . Sir , —I am instructed to inform you that the directors of this Association having taken into consideration the trouble ancl responsibility incurred by the medical profession , in furnishing to Life Assurance
Companies their opinion as to the eligibility of the . lives of their patients . for Assurance , have decided upon allowing a fee of 11 . Is . to every Medical Referee who shall give a certificate in reply to an application from the office of this Association . I beg leave to draw your attention tp the enclosed prospectus of the Society , and remain , Sir , your most obedient servant , AA ' . BROWNE , Actuary . This office has acted wisely .
In the " Post Alagazme of December 2 , appears the following article : — FEES TO MEDICAL MEN . —AA'e have frequently discussed the question of giving fees to medical men , for their opinion on the state of health of parties desiring to assure their lives , and who have named them as referees ; ancl have endeavoured to show the impropriety of the demand , and the folly anel injustice in submitting to it . Very few offices , we are
happy to say , have given way upon the point ; and we hope , even these , few will not long continue a practice so injurious to the interests they represent . Through the kindness of a gentleman connected with one of the most important Assurance Institutions in the kingdom , we are enabled to lay before our readers the following letter on the subject , permission having been obtained from the writer for its appearance in these columns . So high an authority as that of R . Keate , Esq ., F . R . 8 ., serjeant-surgeon to the Queen , cannot fail to have great weight with those who have any doubts remaining on the point . VOL . VI . 3 R
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
Medical Fees—Life Assurance .
integrity had a higher morality than the payment of Directors' fees , Actuaries' salaries , and other ordinary expenses . AVe are too well acquainted with the general results of Life Assurance to be much out in our reckoning , ancl in stating that , independent of proper salaries to medical officers , the medical profession has annually sustained a loss of 80 , 000 / . ( and we are within the mark ) , or in twenty-five years no less a
sum than two millions sterling . It is high time that the subject should be investigated , and that tardy justice should be rendered . The subject is worthy of the gravest consideration , and one of two things must be the result ; either the old offices must follow the moral direction of their juniors in standing but their seniors in principle , and at once yield to the moral law , or they will have to contend against principle , ancl then will find that energy and zeal , profiting by experience , will assume a power of influence little dreamt of . We pause for the present , and shall merelv give publicity to some correspondence on the subject .
The following letter has been addressed to all members of the medical profession : — Westminster and General Life Assurance Association , 27 , King Street Covent Garden , 24 th October , 1848 . Sir , —I am instructed to inform you that the directors of this Association having taken into consideration the trouble ancl responsibility incurred by the medical profession , in furnishing to Life Assurance
Companies their opinion as to the eligibility of the . lives of their patients . for Assurance , have decided upon allowing a fee of 11 . Is . to every Medical Referee who shall give a certificate in reply to an application from the office of this Association . I beg leave to draw your attention tp the enclosed prospectus of the Society , and remain , Sir , your most obedient servant , AA ' . BROWNE , Actuary . This office has acted wisely .
In the " Post Alagazme of December 2 , appears the following article : — FEES TO MEDICAL MEN . —AA'e have frequently discussed the question of giving fees to medical men , for their opinion on the state of health of parties desiring to assure their lives , and who have named them as referees ; ancl have endeavoured to show the impropriety of the demand , and the folly anel injustice in submitting to it . Very few offices , we are
happy to say , have given way upon the point ; and we hope , even these , few will not long continue a practice so injurious to the interests they represent . Through the kindness of a gentleman connected with one of the most important Assurance Institutions in the kingdom , we are enabled to lay before our readers the following letter on the subject , permission having been obtained from the writer for its appearance in these columns . So high an authority as that of R . Keate , Esq ., F . R . 8 ., serjeant-surgeon to the Queen , cannot fail to have great weight with those who have any doubts remaining on the point . VOL . VI . 3 R