Property Insurance Comprising Fire And Marine Insurance Automobile Insurance

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46 . 07 . 07 . 07 . 07 . 07 . 07 . 02 . 02 . 02 02 . 03 . 03 Class 60 . 63 , 70 07 In case the underwriter wishes to rate a three-story brick building in a city of the second class, and has decided to adopt the 60-cent basis table, it is only necessary in order to arrive at the basis rate for the building to glance at the column entitled " Class 2, " and opposite the line entitled "3 story' ' there will be found the figure 40 cents, which represents the basis rate for the risk under considerati...on. On the other hand, if, owing to local condi- tions, the rater decides to select the 100-cent table, he will consult that table, pursuing the same method used in the previous case, and will find the figure 67 cents as the basis rate to be adopted.
Additions and deductions for bad and good features In percentages. Having determined the basis rate, the rater must next make additions and deductions which measure the deficiencies or good qualities of the building in question. In making such additions, however, the Analytic Schedule uses percentages in all cases, while the Universal Mercantile Schedule, as we saw, provides for the addition of absolute amounts, such as 5 cents, 10 cents, etc.


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