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Article THE INSTITUTE OF ACTUARIES. ← Page 2 of 3 →
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The Institute Of Actuaries.
ance of tbe objects which the Institute proposes to effect , and the desirability of their attainment not only to forward the extension ancl promote the safety ancl assurance , but also to stimulate men to improvement in the many intricate sciences which are immediately connected with the best interests of the community ; for the comprehensive prosecution and understanding of the science of Assurance , must entail an
accurate knowledge of mathematics , physiology , the art of government , ancl the laws which regulate the moral , intellectual , and physical progress of the masses of the people . Wishing , then , the Institute all
success m the important branches of science , m the study and elucidation of which the members are individually and collectively engaged , we trust that they will not cloud their prospects and embarrass their future path , with questions likely to involve them in unpleasant disputes with members of the profession not yet connected with them , and to bring upon them public censure . The present movements of the Institute are certainly not such as to bring upon them the charge of acting like
a clique , or the accusation of exclusiveness ; they throw open their doors to all Actuaries , who are at liberty to join as Fellows , ancl their arrangements for the admission of Associates are liberal enough ; but a suspicion may be engendered by a casual reference , in a speech of one of the members , to the Colleges of Physicians and Surgeons—that the
Actuaries intend to form themselves into a close corporation , for the purpose of excluding from the privilege of practising as an Actuary every person not certificated by the Institute as properly qualified for the office . Now we do not deny the right of the Actuaries to take as high and dignified a standing as any other learned body in the kingdom ; but we would point out to them that , rightly or wrongly , public
opinion is every day becoming more opposed to the regulations by which the medical profession is governed , and will probably , at some not far distant day , demand a sweeping reform ; but admitting the principles and practice of the governing bodies of the medical profession to be well founded , yet there is a distinctive and obvious difference between the position of actuaries and that of physicians and surgeons .
The admission of unqualified persons to those bodies would be dangerous to the health and lives of the public , who , for the most part , are unable to judge of the professional attainments of the man called to the side of the sick-bed ; but the Actuaries are employed by acute , educated , and intelligent gentlemen , forming the directories of the several companies , who are perfectly able to judge for themselves , ancl
therefore clo not require to be protected by those safeguards against ignorance which are interposed between quacks and the ailing . Restrictions of any sort are only justifiable when they are for the benefit of the public at large , and are perfectly indefensible on the ground that
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
The Institute Of Actuaries.
ance of tbe objects which the Institute proposes to effect , and the desirability of their attainment not only to forward the extension ancl promote the safety ancl assurance , but also to stimulate men to improvement in the many intricate sciences which are immediately connected with the best interests of the community ; for the comprehensive prosecution and understanding of the science of Assurance , must entail an
accurate knowledge of mathematics , physiology , the art of government , ancl the laws which regulate the moral , intellectual , and physical progress of the masses of the people . Wishing , then , the Institute all
success m the important branches of science , m the study and elucidation of which the members are individually and collectively engaged , we trust that they will not cloud their prospects and embarrass their future path , with questions likely to involve them in unpleasant disputes with members of the profession not yet connected with them , and to bring upon them public censure . The present movements of the Institute are certainly not such as to bring upon them the charge of acting like
a clique , or the accusation of exclusiveness ; they throw open their doors to all Actuaries , who are at liberty to join as Fellows , ancl their arrangements for the admission of Associates are liberal enough ; but a suspicion may be engendered by a casual reference , in a speech of one of the members , to the Colleges of Physicians and Surgeons—that the
Actuaries intend to form themselves into a close corporation , for the purpose of excluding from the privilege of practising as an Actuary every person not certificated by the Institute as properly qualified for the office . Now we do not deny the right of the Actuaries to take as high and dignified a standing as any other learned body in the kingdom ; but we would point out to them that , rightly or wrongly , public
opinion is every day becoming more opposed to the regulations by which the medical profession is governed , and will probably , at some not far distant day , demand a sweeping reform ; but admitting the principles and practice of the governing bodies of the medical profession to be well founded , yet there is a distinctive and obvious difference between the position of actuaries and that of physicians and surgeons .
The admission of unqualified persons to those bodies would be dangerous to the health and lives of the public , who , for the most part , are unable to judge of the professional attainments of the man called to the side of the sick-bed ; but the Actuaries are employed by acute , educated , and intelligent gentlemen , forming the directories of the several companies , who are perfectly able to judge for themselves , ancl
therefore clo not require to be protected by those safeguards against ignorance which are interposed between quacks and the ailing . Restrictions of any sort are only justifiable when they are for the benefit of the public at large , and are perfectly indefensible on the ground that