The Law and Distribution of Surplus of Life Insurance Companies
Language: English
Published by Forgotten Books, 2018
- Softcover
- New
Seller: Forgotten Books, London, United KingdomForgotten Books
AbeBooks seller since June 2, 2021
Condition: New
US$ 18.10
Quantity: Over 20 available
Add to basketItem description from seller
Print on Demand. This book is a critique of the life insurance industry and the policies it sells, especially those known as deferred dividend policies. The author, an expert in the insurance industry, argues that these policies are a form of gambling that benefit the insurance company, not the policyholder. He provides a breakdown of the history of these policies and their evolution into the deferred dividend policies commonly sold today. The author argues that the method of distribution of surplus capital under deferred dividend policies is manipulated by the insurance companies, who defer paying the policyholder their fair share of the policy profits, often in perpetuity. The author continues by discussing the practice of forfeiting the policyholder's capital gains in the event of a lapse in premium payments, arguing that this is predatory and harmful to the policyholder. The book concludes by advocating for legislative reform to protect policyholders from these predatory practices. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. …
Seller Inventory # 9781331438601_0
- Title
- The Law and Distribution of Surplus of Life Insurance Companies
- Author
- William A. Fricke
- Publisher
- Forgotten Books
- Publication year
- 2018
- Condition
- New
- Book Type
- print-on-demand item
- Binding
- Paperback
- Language
- English
- ISBN 10
- 1331438608
- ISBN 13
- 9781331438601
- Seller catalogs
- Business
How surplus in life insurance is meant to be shared can affect costs, protections, and fairness.
This book explains the rules that shape how and when policyholders receive their part of a company’s profits. It shows why short‑period accounting is urged and how legislation aims to keep the process honest and transparent.
The text examines state laws and debates over deferred dividends, for and against long deferral of distribution. It discusses how these rules impact policy costs, commissions, and the ability of small insurers to compete fairly. The focus is on ensuring that policyholders receive the proper share of profits without undue withholding.
- How annual or short‑term distributions are required by law in several states.
- Why long deferrals can raise costs for policyholders and inflate commissions.
- How legislation seeks to protect equity and prevent inappropriate forfeitures.
- Comparisons of different state laws and their practical effects on policyholders.
Ideal for readers interested in insurance history, regulatory reform, and the balance between profits and protections for policyholders.
"Synopsis" may belong to another edition of this title.
Forgotten Books
London, United Kingdom
AbeBooks seller since June 2, 2021
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Forgotten Books’ Classic Reprint Series utilizes the latest technology to regenerate facsimiles of historically important writings. Careful attention has been made to accurately preserve the original format of each page whilst digitally enhancing the quality of the aged text.
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FB &c Ltd
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