Legal Limits of Weekly Compensation in Their Bearing on Ratemaking forWorkmen's Compensation Insurance

In nearly all of the workmen's compensation laws it is provided that the weekly indemnity for disability and the weekly rate of indemnity in the case of specific provisions for permanent disability is a percentage of the earnings of the injured employee, subject to certain arbitrary maximum and minimum limits. The effect of these limits on the rate of compensation paid the injured workers has been discussed from the social and economic point of view by a number of writers in different places and I shall not give consideration to these aspects of the matter in this paper. My purpose is to present the subject from the standpoint of the maker of rates for workmen's compensation insurance.