Classification of Risks as the Basis of Insurance Rate Making with SpecialReference to Workmen's Compensation Insurance [Discussion]

Although the classification of risks as a basis of insurance rate making is fundamental to the making of insurance rates, the evolution of this phase of rate making as affecting Workmen's Compensation insurance has been slow and without the guidance of recognized principles or consistent theories. This may be due, not to the absence of principles or theories, but to the conflict of different principles and theories.