Fifty-Ninth Annual Report of the Insurance Commissioner of the Commonwealth of Massachusetts, Vol. 2: January 1, 1914; Life, Miscellaneous, Assessment by Massachusetts Insurance CommissionerFifty-Ninth Annual Report of the Insurance Commissioner of the Commonwealth of Massachusetts, Vol. 2: January 1, 1914; Life, Miscellaneous, Assessment by Massachusetts Insurance Commissioner

Fifty-Ninth Annual Report of the Insurance Commissioner of the Commonwealth of Massachusetts, Vol…

byMassachusetts Insurance Commissioner

Paperback | November 21, 2018

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Excerpt from Fifty-Ninth Annual Report of the Insurance Commissioner of the Commonwealth of Massachusetts, Vol. 2: January 1, 1914; Life, Miscellaneous, Assessment and Fraternal Insurance

The various policy contracts provide for an adjustment of the premium at the end of the policy term, based upon an audit, and provide for a refund of that part of the premium paid which is in excess of the amount determined as proper by the audit, or for the payment of such an amount of additional premium as may originally have been underestimated. This is an important part of the policy contract, and should be strictly adhered to by both parties.

Massachusetts workmen's compensation rates are industrial rates and not occupational. The basis of a rate is the business as a whole. Thus, whatever may be the rate for a Street railway company, for example, it is applicable to all the employees having to do with the operation of the road. Obviously the employee who washes the car windows is performing much less hazardous work than the man engaged in the power station. The rate is too high for one duty and too low for the other, but both are a part of the average of the risk.

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Title:Fifty-Ninth Annual Report of the Insurance Commissioner of the Commonwealth of Massachusetts, Vol…Format:PaperbackDimensions:764 pages, 9 × 6 × 1.52 inPublished:November 21, 2018Publisher:FB&C LtdLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0243138555

ISBN - 13:9780243138555

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