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

Mr. Craig's paper was expressly prepared as a chapter in a textbook for non-actuarial students, and as such hardly lends itself to formal discussion. Here the student will find the fundamental formulas developed with thoroughness, from first principles. In addition, he will find a wealth of information on the general subject of accident and health problems and practices, and some excellent hints concerning the best available material for further study. That is, the author (who had contributed a technical paper on this subject to the Actuarial Society of America in 1914) has successfully put at the disposal of students without special technical training his exceptionally wide knowledge of an extremely important subject. That the printer has at the foot of page 67 substituted the symbol a for the universally accepted a can in the context lead to no misunderstanding, and is mentioned merely that the correction may not escape attention in the contemplated textbook.