Abstract
In many lines of casualty insurance the entire amount of the loss is due and payable immediately upon its determination. In workmen's compensation insurance, however, it is customary for the losses to be paid in installments over an extended period, and in certain instances the payment is contingent upon the beneficiary's remaining alive and in the same conjugal condition. This is especially true of benefits in fatal cases. The compensation laws of the majority of the states provide that in the case of a fatal accident arising out of and in the course of employment, the widow of the deceased employee shall be entitled to compensation, payable periodically over a number of years, usually varying from four to eight, and the payment of such compensation is contingent upon the widow remaining alive and unmarried during the period.
Volume
XIX
Page
279-349
Year
1933
Categories
Actuarial Applications and Methodologies
Ratemaking
Actuarial Applications and Methodologies
Reserving
Business Areas
Workers Compensation
Publications
Proceedings of the Casualty Actuarial Society