Schedule P on a Calendar/Accident Year Basis

Schedule P has been the subject of considerable discussion and criticism over the years. Just recently two NAIC committees--the Actuarial (F5) Subcommittee and the Legislation to Modify Schedule "P" (D I ) Subcommittee have been active in the Schedule P area. In the Report on the Annual Statement released in 1965 by the Committee on Annual Statement of this Society, Schedule P was listed as one of the subjects of persistent criticism directed toward the annual statement blank by the insurance industry.