The California Table L [Discussion]

“The California Table L” is as pertinent today as it was when it was published almost twenty years ago. It is well-constructed, rigorous and easy to follow. The subject, Table L, provides great simplicity in calculating retrospectively rated plans with a prescribed individual accident limit. It enables a built-in correction for the overlap of the charge for the per-accident limit and the aggregate loss limit. In the days when retros were calculated by hand, the simplification was highly desirable.