Rate Regulation and the Casualty Actuary [Discussion]

The first two sections of Mr. Carlson's excellent paper give a concise review of the development of the regulation of casualty insurance rates. Of particular interest is the summarization of the various state laws pertaining t o ratemaking. The lack of uniformity in the various laws is strikingly brought out in Appendix A wherein are listed some 150 deviations from the basic MI-industry law. These sections are of considerable value to younger members and students of the Society.