Automobile Insurance J. Koerting National Banks and Government Circulation

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Automobile Insurance J. Koerting National Banks and Government CirculationThe mathematical theory of non life insurance developed much later than the theory of life insurance. The problems that occur in the former field are far more intricate for several reasons: 1. In the field oflife insurance, the company usually has to pay a claim on the policy only once: the insured dies or the policy matures only once. It is with only a few particular types of policy (for instance, sickness insurance, when the insured starts working