The Actuarial Basis for Premiums and Reserves in Personal Accident and Health Insurance

The "Report of the Committee of Five on Statistics to the Bureau of Personal Accident and Health Underwriters," dated November 15, 1929, shows the combined health experience on commercial policies during the policy years i921 to 1926 inclusive combined. Page 12 of this Report shows the average number of weeks of disability, both total and partial, per year of exposure, under a policy known as "Policy Form 02-52 Weeks Limit, Total Disability with Full Weekly Indemnity Irrespective of House Confinement, and Partial Disability." The data of this report are used for illustrative purposes only. The technique applies with equal force to any form of disability insurance,--health and/or accident insurance for individuals.