The Rate Level Adjustment Factor In Workmens Compensation Ratemaking [Discussion]

Mr. Bondy's paper discusses one of the elements in the ratemaking procedure for workmen's compensation insurance as used in New York and most other states. The Rate Level Adjustment Factor is a subject which has received the continuing study of ratemaking bodies and regulatory authorities alike, particularly during the past ten years. Its history and development have been summarized a number of times, most recently in the 34th Annual Report of the National Council on Compensation Insurance (pages 9-13).