Discussion

Mr. Chairman and members, Mr. Cammaek has stated the object of his paper in the following language: "The object of this paper has been primarily to call attention to the necessity of grading premiums for this class of insurance according to age at entry and of setting aside reserves in addition to the one-half a year's premium (customarily accepted as a correct reserve for a health policy) so as to provide for the increasing claims that will surely come after the effects of medical selection have worn off and as the age of the insured advances." I think I may say at the outset that in that statement we all are in accord. I think that expresses the necessity for the consideration of this in a way in which we can all agree.