Abstract
In reviewing this paper it is evident that the author has covered the description and operation of this unique rating plan in a characteristically thorough and comprehensive manner, outlining its advantages, weaknesses, and several construction suggestions for consideration. You will recall that Mr. Richardson stated that the classifications employed for workmen's compensation insurance have been erected on three broad bases namely, (1) the product, (2) the process, or (3) the business, and that few, if any, classifications involve more than one of these three principles of classification.
Volume
XIX
Page
158-164
Year
1933
Categories
Actuarial Applications and Methodologies
Ratemaking
Classification Plans
Business Areas
Workers Compensation
Publications
Proceedings of the Casualty Actuarial Society
