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Office Premiums

Published online by Cambridge University Press:  07 November 2014

Henry Moir
Henry Moir
Affiliation:
Actuarial Society of America, Actuary of the Provident Savings Life Assurance Society of New York
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Extract

In submitting a revised edition of the paper which I read before the Actuarial Society of Edinburgh more than six years ago, I wish to express the pleasure I feel that this, my first effort, should not only have proved of benefit to students, but that the Faculty of Actuaries consider it worthy of a place in their Transactions. The subject was taken up originally to condense the best actuarial opinions and bring together some of those practical questions which had been dealt with by actuaries of ripe experience. Premiums can be profitably discussed at almost any time, because an exchange of views is sure to shed light on some obscure point of more or less importance. The present time is peculiarly opportune for further discussion, because of the recent publication of the New Mortality Experience, and the knowledge of such statistics which we have all been gradually absorbing.

Type
Research Article
Information
Transactions of the Faculty of Actuaries , Volume 2 , 1905 , pp. 207 - 268
Copyright
Copyright © Institute and Faculty of Actuaries 1905

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References

page 212 note 1 To distinguish the formulas in which Inferior Mortality should be used, the age of the life has been placed in heavy black type. For Superior Mortality I would suggest that a light small capital x be used.

page 221 note 1 These remarks were applicable in 1898, but the practice has since been changed.

page 227 note 1 Since this was written, Messrs. Baker and Raisin's useful volume has been published, and it contains a set of single and annual premiums for Contingent-Survivorship Assurances, with O[NM] mortality for the life assured and O[aƒ] mortality for the counter life.