MUTUAL ACCIDENT INSURANCE.

Press, Volume LX, Issue 11749, 25 November 1903, Page 7

MUTUAL ACCIDENT INSURANCE.

The Canterbury Employers* Association, in view of -the wcreaiie of accident insurance premiums, appointed a* sub-commit, te© some time ago to consider a scheme ol mutual accident Iwuranc*. About forty« one member* of tbe Association, in reply to a circular, hid given information which suggested that a mutual accident insurance guarante* could be entered into on the basis of charging tbe current rate*, of insurance, lets a rebate, member* Joining the scheme to guwante* an amount equal to two year*' premiums, to nrovw* * f ß ?* for extraordinary claim*. LeM advice was Eaten, and the tub<«"mmUte* tubmitted it to the Executive, which approved of the formation o! » Mutual *?«■>_«*/ Insurance, on the lines ausgected by th* sub-committee, and by Mr George mmr, who has in hand th* preparation of * complete scheme. At the meeting of the A*M«i*tw» last night thi* report wa* adopted- "■.*■'_,.. • %m information was fiSven by lw ii H. >icld, *ea«tary of &---'*mgiKf:tf. Federation, regarding the *t*J* J"****-•».;'.:; Wellington on th* tame *übj*ct. Mr Field ■aid that the insurance «otj)*4U*i batf been . experimenting with aeddent insurance, and the** experiment* had bo*} turned out to their advantage. For a cswt«%io"part of the year the compeni** -hsAjmsm £7.,000 ia premiumi throughout|» ; fti' land, and already the daiuw had waeh** JBBO,OOO. Up to the time of the expiry of the premium*, the compenie* ejixidfMwd ' that, tha additional cWmt would \sm#rfi to another -330,000, and to m*et tbw f»miums would have to be. moreaMd, In view of tli* idwenoe of *ufflci*nt data, WellingtonAssociation'bad deferred action ia the.-maUer. :.,■'. •• ..''•■■:•■■;:•..