Report of the Joint Special Recess Committee On Workmens Compensation Insuranc
Report of the Joint Special Recess Committee On Workmens Compensation Insuranc
Insurance Rates Massachusetts General Court Joint Special Recess
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After learning the conditions, their gladly paid premiums have not been burdensome, but generously protective. The laborer is worthy of his hire, and these workers in this field earn their money none too easily. Mutual companies do not pay commissions to agents or brokers, yet a considerable staff of men at satisfactory salaries is employed. These men do a variety of work, combining solici- tation with other work and other work with solicitation. A not unimportant part of this work is analogous... to that of the agent or broker. The division of the salary pay roll into acquisition and other expense cannot, in the nature of things, be worked out to the exactness of the commission rates paid by stock com- panies. Travel and other expense entailed by the mutual's salaried men must not be overlooked. That further reduces the difference. The campaign of education by the mutuals has not been overlooked. What makes Insurance secure? Insurance in principle and in fact is made possible largely by its volume, and safe in a great degree by that very volume and also by its widely scattering locations and different kinds.
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