Insurance
Risk and insurance The life risks Life insurance protection Life policies and premiums Modification of the ordinary life policy Annuities and pensions Group insurance Functions of insurance carriers—the old line companies Assessment and fraternal insurance Government life insurance Accident and health insurance Liability insurance Workmen's compensation insurance—general features Workmen's compensation insurance—rate making Fire insurance Fire insurance policies Marine insurance Other forms of insurance
Insurance constitutes a form of investment in which we are all interested, as purchasers of life insurance, fire insurance, casualty insurance, marine insurance, or of any other of the various forms which have come into existence. To buy insurance properly, one should know the principles that underlie rates and insurance operations, and should be able to judge the policy which covers these various essentials. Partnership and business insurance is much more used now than it has been heretofore and it is becoming an important element in adding to the stability of business.
Personal or life insurance occupies a large space in the Text. The nature of the life risk is discussed as well as the means of protection through the straight life policy. The various motives which have prompted these variations and the effect of these modifications upon the premium or the price of insurance are clearly explained. Various types of business organizations with divergent business methods have been devised for the purpose of conducting life insurance. The strength and weakness of the different organization forms are pointed out.
Another aspect of personal insurance is found in accident and health insurance. Obligations toward others generally for personal injuries is the basis of liability and workmen's compensation insurance, of which the latter has had an almost mushroom development of late years.
Property insurance brings up diverse questions in fire insurance and in marine insurance.