Fifty-Ninth Annual Report of the Insurance Commissioner of the Commonwealth of Massachusetts, Vol. 2

Fifty-Ninth Annual Report of the Insurance Commissioner of the Commonwealth of Massachusetts, Vol. 2 : January 1, 1914; Life, Miscellaneous, Assessment and Fraternal Insurance (Classic Reprint)

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Excerpt from Fifty-Ninth Annual Report of the Insurance Commissioner of the Commonwealth of Massachusetts, Vol. 2: January 1, 1914; Life, Miscellaneous, Assessment and Fraternal Insurance The various policy contracts provide for an adjustment of the premium at the end of the policy term, based upon an audit, and provide for a refund of that part of the premium paid which is in excess of the amount determined as proper by the audit, or for the payment of such an amount of additional premium as may originally have been underestimated. This is an important part of the policy contract, and should be strictly adhered to by both parties. Massachusetts workmen's compensation rates are industrial rates and not occupational. The basis of a rate is the business as a whole. Thus, whatever may be the rate for a street railway company, for example, it is applicable to all the employees having to do with the operation of the road. Obviously the employee who washes the car windows is performing much less hazardous work than the man engaged in the power station. The rate is too high for one duty and too low for the other, but both are a part of the average of the risk. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.show more

Product details

  • Paperback | 764 pages
  • 152 x 229 x 39mm | 1,002g
  • Forgotten Books
  • United States
  • English
  • , black & white illustrations
  • 0243138555
  • 9780243138555