An Approximation for the Testing of Private Passenger Liability Territorial Rate Levels Using Statewide Distribution of Classification Data [Discussion]

In the words of the author, the purpose of this paper is to explore the possibility of developing a method of testing private passenger liability territorial rate levels by substituting the statewide distribution by rating territory. Also, in his introductory remarks, Mr. Gill gives emphasis to the potential value of such a method to small independent companies and company actuarial as the basis for estimating the adequacy of their rate levels.