Merit Rating - The Proposed Multi-Split Experience Rating Plan and thePresent Experience Rating Plan [Discussion]

When I was asked by Mr. Constable, our vice-president, some three weeks ago to write a discussion of this paper, I did not even have an opportunity to see it. Nevertheless, being somewhat familiar with the subject, I agreed and shortly received some forty-six pages into which there were condensed the results of studies extending for a period of more than two years. If I add that the report of the Actuarial Committee to which Mr. Smick refers comprises no less than one hundred fifty-one pages, then I believe I will have established an airtight alibi for touching only lightly upon some of the aspects of the plan.