Description: This discussion reviews changes in practices and procedures which have been made with resulting reduction of expense in connection with the following: Administration and valuation of supplementary contracts, collection of monthly premiums, underwriting of new applicants, and preparation and printing of rare books and policies.

Description: From the 1960 Transactions Vol. 12 No. 32, this ‘Digest of Smaller Company Forum’ presentation discusses changes in office methods made or contemplated by smaller insurance companies to control costs, including use of electronic machinery, simplification of policies and policy issue, and changes in underwriting rules, e.g. nonmedical.