No-Split Experience Rating Plans, [Discussion]

Although it is clear that Mr. Welch’s primary concern is with the experience rating plans in use in the third party lines, he has chosen to use as one main vehicle for his discussion the no-split workmen’s compensation experience rating plan of Pennsylvania. This then allows him to compare and contrast the workmen’s compensation experience rating plan with the other plans. Having introduced the Pennsylvania workmen’s compensation plan, however, he is also led to give some consideration to the more commonly used multi-split workmen’s compensation experience rating plans. Accordingly, at one point or another, either explicitly or implicitly, the paper touches on virtually every aspect of experience rating.