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'Aw.y of redu g ' uction c 4 * k cess on account s gcm:w"m' Oogeo'ctlon wnn:t the ex-- ,w' ; une tandpoint this from an | with * mig;?t)hmed provision }ncreued and | caused ';l[l the expense and delay so f mieht not be considered an unaue in-- | in Yegenly the poreai's on enfarmak q * 8 ue in-- -- in u's own s o y reaees ofwd"edmtonol:a';z auprized it | the 1989 raies. as otnermice Jt esting point hadhfo g:'ce of 1nsum',','£"}{ :n- panies wom?lti?}v:'coothlzzxse the com-- * I should seriously consid he ; case had not bee mplained that their the Bu like to make i ered. :I had noted n considered or met. * ' M Soreait it a book oft flear that | ence of the ih:l:ereviewmg the experi-- were Produted on a arooe To Cares Imao. that in the y canle; fears the L on tos o earlie f ::Sis. and as I quotzdpimper statistical 1:;:'10" was lower than mr 1y:989rs :nh; 1e """" amey put forward the Iohow-- | vee 9E 10 thot coue average, and it e ollow-- -- vie consideration a the'rgf)te is_ now produced and & flrs: tfi;eme (}esire expressed f?:'dt:\': ! tammgmg;l&flon & bound ethjit:ie{l with before thato nm.;}:: a{;l;]gl;ment, Cc Short'h: e dotaile con-- / sh , that the com . and tabulated by thg figures compiled ,,a";nd be judged by the 1929 sopanies ing the ex association, sI ctual results," th --called polic;n;?aber companies for thee cfi'fii? the Commxssv:;;?s thet value allowed by rs of 1924 plete actuary, with the re the , 1925 an suit shown i 4 1 e te-- | Thes ;nfmr;:ete policy yw'.l L'}"i;;},d pendix T. (Rneptmhf p:ge T;g';'les of Ap-- ti o were used by the * Although * ' 1:2"9 in the rate--making yproceg:aocia- by the Bure;ud:ut with the case made ® | basis fr:;i: c he prepared on a si::u:: 3"1)1;: its actua*glfla'gdpfiactgles under-- -- i w e material th e facts which statistical plan | were used by the associa en available|of the i ich developed in the n | ¢ e cours m?::lg procedure of 19?:?.,1" the rate-- ' 1928 wfi'"]";g ::'ged that the 192{ ihat 11 it was further stated therei !'uarml or statistical bha.d' no real ac-- ve 1e statistical pl n' in 1927 th asis (except that In o t an had been: ey used their statis |peste peration since 1924 and ex-- perience for the purpose of tical ex-- 1a;,<;e':31e has been compiled in accord-- ing it by deliberately decreaslng" sregard-- 1926 and 1927." Ahe moveny or ins pro Tennfaation, resteq the rates of rc Awel * f * ion rested th S cedure, and insume novelty of the pro-- also those e rates of 1928 and x clent equipmen of 1929, in which thefI alnd machinery at the inceptiotx gg :dsmgum and unusual ool?lg':ar C as . in "& an, handicapped the companies mogt;ed, ie., that of adding 50 per cewats years tgepel'ation of it during previous agw' e whole premium on two cov:r" ' which wer:emlt ";:::g that the records iums an'(Ii'hziz wl fient. on collision prem-- prod in 1922 and 1« 7 le 2 summarized were less reliable 923 79, and formed o on \p. qu;rx'mtd years." than those of subse-- m}; conclusions. a practical basis for the experience collate may refer to the slatement 1 # en policy years 1924, 1025, 1026 (ong 1907 312. on fiat page it is said t $650. . erial underlying the i} *4 e it is said: ¢ panying exhibits showing the ;:;;o:er shoingpfnd as Appendix 'B' statement n +» 3 companies' experience. ale passehe 1929 Bureaimrates for pr?- As the Bureau, in defending its 1929 "ates in du:;ze'; cars, contrasted with the rates, sought to . establish premi fed bo o) Ee Ad actuarial and their iums chargeable in the % and statistical correctness, it The statement ind each case. . -- . 9n arsund 99 c meet them on their | Bureau rates oF unvele vomenger pueg m ground by other actuarial exami-- were excessive t private passenger cars ?a..inn and serutiny. If it was unsound |°!8" e to the extent of $654,-- m do this, then the companies' case is |, If Appendi "B ewise unsound. I adopted the con-- tails of this sum the origin and de-- clisions of the actuary advising the curately set out 3'11': carefully and ac-- Commission, with one exception, which after determining t;'n onstrating that, T oive iyice 4 ie companies. in thas yigine ns Commbs y the adtary ay. gave twice as much weight % |vising the Commissi e actuary ad-- indicatio! ght to the ti on from th ; ns of 1929 as he di cs for 1927, 1928 e statis-- plored th . In my report, while I de-- I re cent. expense provision whi {i f . n e complexity and minute con-- ch commended as fair, the pre C siderations which such pla chargeable at the 1929 pronifums plans involved, fixed by th manual rates Hea: y the Bureau exceeded the pr ' s chargeable at the aion, lated for me b rates so calcu« And ite con y $604,318, If the report iJ s conclusions are right, th figures set out in A a » ese the excess i ppendix "B" show on ail five ;';v;?: premiums chargeable ger cars. ges on private passen-- | FrankcE. Hodgins, 0 ommissioner . sgoode Hall, Toronto, Jan. 16, 1931.