Abstract
One of the purposes of the Society that is served through the medium of its Proceedings is the creation and maintenance of an
historical record of the casualty insurance business. The latest important development in that field is the enactment of compulsory motor vehicle insurance laws and as has happened before in other social legislation Massachusetts is again a pioneer and lights the way for other states by being the first state to pass a compulsory insurance law which applied to all motor vehicles, • other states having enacted such laws but limiting their application to certain classes of motor vehicles only, principally public vehicles carrying passengers for hire. It is to be expected therefore that the results obtained under the operation of the Massachusetts Law will be carefully watched and undoubtedly other states will follow, by enacting similar laws.
Volume
XIV
Page
119-122
Year
1928
Categories
Business Areas
Automobile
Actuarial Applications and Methodologies
Regulation and Law
Publications
Proceedings of the Casualty Actuarial Society