Show RATING BUREAU TO DETERMINE RISKS New Body to Act With Industrial Industrial Industrial In In- Commission The Utah state industrial commission commission commission commis commis- sion and representatives of oP insurance companies today decided to organize an ind independent rating bureau to cooperate cooperate cooperate coop coop- erate with the commission in rating risks for workmen's compensation in in- in It is to be composed of oP all carriers writing compensation insurance insurance insurance ance in Utah and is to with the national council on worl workmen's mens men's compensation insurance This it is said will enable the bureau to obtain froth from the council not only rating plans' plans such as schedules and experience rating rating rating rat rat- ing plans but advice on the interpretation ration tation of the manual the various classifications classifications clas clas- and advice in the matter of classifying individual risks The bureau will be conducted lines similar to institutions of like character in other states The plan for organization as ad adopted Includes the 38 per per cent loading rate which the insurance Carriers insisted upon and leaves the state Insurance fund op operating operating op- op operating on a differential differentiate While not definitely decided upon upon Itis it itis itis is more than probable that the bureau bureau bureau bu bu- reau will have haye its own Inspectors who will make mako Inspections for schedule rating rather than have the Inspections inspections inspections made by Colorado experts as S' S was suggested at tt the meeting The Expense expense of the buy bu bureau reau other than the cost of Inspections inspections lions is to be borne by the carriers In proportion to to their respective premium premium premium pre pre- writings for the current calendar year ear and the office of oP the is isto isto isto to be in the capitol Minimum membership membership membership mem mem- fees are fixed at and the anticipated cost of oY operation other than that of inspection will be in inthe inthe inthe the neighborhood of one-half one of 1 per cent of the premium writings A governing committee will have full charge of th bureau but in all matters matters matters mat mat- of rates and rate making will be to the approval of oY the industrial industrial industrial indus indus- trial commission |