Annual Report of the Massachusetts Bar Association, volume 2
Annual Report of the Massachusetts Bar Association, volume 2
Massachusetts Bar Association
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That is right? Mr. Saunders : Yes. Mr. Bailey : And, as I understand the frame of the law, as it was made originally, these members of the Massa- chusetts mutual are assessed, we will call it, varying amounts, according to the hazard of their industry, and that is all pooled into one pot. That is right? So that the employee goes there. All the money that has been drawn in at the different rates of assessment from the employers who are. subscribers — that all goes into one fund, and so long as i...t lasts there is money to pay any employee. Mr. Saunders : Just there, Mr. Bailey. The law pro- vides that the mutual created under the act shall group the employers in accordance with the degree of their risk, and that the assessment ot premiums, and the dividends if any, ^hall be made in accordance with the group. Mr. Bailey : Yes ; but the money goes into one pot? Mr. Saunders : The money goes into one treasury. Mr. Bailey : One treasury, one fund ; and the employee gets his money out of that fund.
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