The Insurance Monitor and Wall Street Review Volume 58 baixar o livro de graça

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1910 Excerpt: ...with tuberculosis. And unless it is shown to be wasteful of the company's money and unproductive of beneficial results, the practice may stand as well within the scope of its business. The reasonable care of its employees, according to the enlightened sentiment of the age and community, is a duty resting upon it, and the proper discharge of that duty is merely transacting the business of the corporation. It follows without argument that the principles here laid down are by no means confined to the employees of a life company. It may not engage in missions of pure charity, even though in line with its work, but whatever reasonably promotes the business purposes for which the institution is organized lies within its legitimate scope. Every policyholder whose premium payments may be prolonged and death claim deferred is, for those reasons, a source of gain to the company. It is financially for the benefit of its members that, in the exercise of its discretion, the sanatorium should be used for them as well as for its employees. In one word, the enlarged misson of life insurance under the enlightened spirit of the age is no longer confined to the protection of its members through pecuniary payments on their death or survival, but includes as well whatever may enhance that protection through the preservation of life. The idea itself is by no means new. It is only an extension to life insurance of principles which have already been recognized in other branches. The fire underwriter, as a part of his work, sustains salvage corps for the preservation of property. The fidelity underwriter finds his most important duty in the prevention of those breaches of trust against which he insures; while the steam boiler insurer reduces his liability lor damages to a mere guar...