Business--A Profession
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This practical freedom of our savings banks from these evils affords a strong reason for utilizing them to supply the kindred service of life insurance.
The theoretical risk of a mortality loss in a single institution greater than that provided for in the insurance reserve could be absolutely guarded against, however, by providing a gen- eral guaranty fund, to which all savings-insur- ance banks within a State would make small pro rata contributions, — a provision similar to that prevailing in ...other countries, where all banks of issue contribute to a common fund which guarantees all outstanding bank notes.
Eighth. In other respects, also, co-operation 178 BUSINESS — A PROFESSION between the several savings insurance banks within a State would doubtless, under appro- priate legislation, be adopted; for instance, by- providing that each institution could act as an agent for the others to receive and forward pre- mium payments.
Ninth. The law authorizing the establishment of an insurance department in connection with savings banks should, obviously, be permissive merely.
What to read after Business--A Profession?
You can find similar books in the "Read Also" column, or choose other free books by Brandeis, Louis Dembitz, 1856-1941 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
This practical freedom of our savings banks from these evils affords a strong reason for utilizing them to supply the kindred service of life insurance.
The theoretical risk of a mortality loss in a single institution greater than that provided for in the insurance reserve could be absolutely guarded against, however, by providing a gen- eral guaranty fund, to which all savings-insur- ance banks within a State would make small pro rata contributions, — a provision similar to that prevailing in ...other countries, where all banks of issue contribute to a common fund which guarantees all outstanding bank notes.
Eighth. In other respects, also, co-operation 178 BUSINESS — A PROFESSION between the several savings insurance banks within a State would doubtless, under appro- priate legislation, be adopted; for instance, by- providing that each institution could act as an agent for the others to receive and forward pre- mium payments.
Ninth. The law authorizing the establishment of an insurance department in connection with savings banks should, obviously, be permissive merely.
What to read after Business--A Profession?
You can find similar books in the "Read Also" column, or choose other free books by Brandeis, Louis Dembitz, 1856-1941 to read onlineMoreLess
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