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On a Modification of the Net Premium Method of Valuation of Participating Assurances and on the Application of the N–ages Method to the Valuation of Assurances Grouped by Years of Entry and to the Approximate Calculation of Isolated Values of Actuarial Functions
Published online by Cambridge University Press: 18 August 2016
Extract
Amongst the disadvantages of the net premium method of valuation are the following: (1) In its application to policies participating under the uniform reversionary bonus plan, the reserve for future bonuses is, in part, secured by the use of a rate of interest remote from the experienced rate.
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