Valuation of Death Benefits Under U.S. Longshoremen's and Harbor Workers' Compensation Act as Amended June 24, 1948

The amendment to the U. S. Longshoremen's & Harbor Workers' Compensation Act effective June 24, 1948 removed the previous maximum limitation of $7500 for total payments in any one death claim. Accordingly, in contrast to the situation before the 1948 amendment when most death claims were valued at the $7500 maximum, individual computations based on age and relationship of dependents will now have to be made for the purpose of determining loss reserves or for filing of loss data with rate-making agencies.