The Experience Rating Plan As Applied to Workmen's CompensationRisks- Part II

While in the first part of the paper we have described the historical background and development of the rules and methods of experience rating, in this second part we shall concern ourselves with the principles and theory underlying the calculations of the various factors and tables contained in the present plan. This subject should be of particular interest to the members of this Society as well as the insurance public at large since the tables, rating values and factors as printed in the plan are more or less a mystery to those who are not directly engaged in their preparation or who do not serve on committees having jurisdiction in this matter.