Massachusetts Compulsory Automobile Liability Insurance

At a meeting of the Casualty Actuarial Society held on May 13, 1927 I presented a paper entitled "Compulsory Automobile Insurance" (Proceedings, VOI. XIII, page 188), which dealt wholly with the problems encountered prior to January 1, 1927 when the Massachusetts Compulsory Motor Vehicle Security Law became effective. It is time that another paper was presented in order that our members may be kept informed of the developments. The first set of rates for the writing of policies under the Compulsory Security Law was established by the Commissioner of Insurance on September 1, 1926. As pointed out in my previous paper no experience under a compulsory law was available and the rates had to be determined for new conditions from a study of the experience on voluntarily insured cars.