Friendly SocietiesPublished for the Institute of Actuaries and the Faculty of Actuaries at the University Press, 1951 - Fraternal organizations - 126 pages |
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Common terms and phrases
26 weeks actual actuary adjustment adopted affiliated orders age at entry age groups allowed amount annuity appropriate arise benefit fund benefit payable calculated Central Fund certificate committee of management consideration corresponding death benefits deposit account dissolution district funeral fund employment expected exposed to risk Faculty of Actuaries form F Friendly Societies Act full pay future important income increase Industrial Assurance Insurance investments levy management fund membership method mortality experience necessary negative values normally number of members obtained paid pay for 26 payable on death payment pension practice profit and loss quinquennial rate of benefit rate of claim rates of sickness reduced regard registered friendly societies Registrar reserve respect Section sick pay sickness benefit sickness claims experience sickness experience sickness rates standard table surplus or deficiency tion type of benefit unemployment benefit usually valuation balance sheet valuation basis valuation date weeks of sickness withdrawal