Work of the Statistical Committee of the Bureau of Personal Accident and Health Underwriters

Before going into the work of the Committee a brief review of the development of the coverage under the personal accident insurance policy during the past ten or fifteen years and the condition of accident experience during that period is desirable. As you probably know, the personal accident policy ten or more years ago was a comparatively simple form which paid a certain amount in case of accidental death, say $1,000, and in case of disability $5 per week. To this coverage have been added from time to time various features generally called "frills" until today the policy is a bewildering array of special benefits and features--some of very little value, others very expensive and many entirely illogical and unnecessary.