Description: This document records the discussion on the possibility of a life insurance company entering the accident and sickness field, sources for morbidity experience for rate making, methods for determining total claim reserve and to what extent are medical expense items are insurable.

Description: This discussion reviewed: A. Measures used by smaller companies to deal with below average policy persistency rates, B. The extent to which smaller companies issue policies with little to no retention for their own accounts, C. The extent to which new lines of insurance, such as accident and sickness, and changing distribution of business by line, plan, or age, have caused reconsideration of qualification bases for agency convention and honor awards.