The California Table L [Author's Response]

The two reviews suggest alternative approaches to three problems, the incompatibility of California Tables L and M for certain entry values, the multitude of Table L’s required for countrywide use, and the difficulty of measuring the incremental charge. Mr. Snader suggests a pragmatic method of graduation to produce a consistent set of tables while maintaining the assumption that the loss elimination ratio is independent of premium size. Mr. Harwayne develops a simple method of estimating the incremental charge for Table M.