Description: This paper describes risk-factor-dependent multiple decrements and actuarial cost functions as a general compartment model, a discrete time and discrete state stochastic model of morbidity and mortality processes. For large numbers of risk factors, the model is extended to its natural continuous time and state form. From Transactions of Society of Actuaries 1991, Vol. 43.

Description: Report covering topic of Group Accident and Health Insurance and relation to group hospital and surgical expense insurance. This report adds the experience by amounts of benefit exposed under Group Accident and Health Insurance, including Group Hospital and Surgical Expense Insurance, for the 1950 policy year investigation to that previously presented in the 1950 report of the Committee.