Evening journal., 1917-12-04

Heads or Industrial concerns anu
other employers OF labor in Delaware
who viii come under the provisions OF
the new Workmen's Compensation Law
will be interested in the following rul-
Ing Just adopted by the Industrial
Board Of Delaware. The ruling has
been announced by sylvester d. Town
send. Ir.. chairman Of the Board, and
is as follows.
Whereas The Delaware Workmen
Compensation Law Of 1917 provides
that no corporation, association or or
ganization shall issue any policies OF
insurance mentioned IN said Act I'M
less the form Of policy and the stability
Of the Company shall have been ap-
proved by the Industrial Accident
Board Of the state Of Delaware; and
Whereas 10 is essential in the Interest
Of employers and employees, and for tht
solvency OF insurance carriers thai
compensation insurance rates shall be
adequate and shall be equitably ad-
iusted between individual employers
and plants so as to reflect the cost OF
CARRYING the Insurance in the gooc
plants and in the poor plants from The
standpoint Of safety; and
WI. reas experience in numerous
leading industrial States has demon
strated that the desired results can best
he accomplished in Delaware through
an independent Rating Bureau and
stamping Of3ce conducted in said
State at the expense Of the insurance
companies licensed and authorized to
write compensation insurance in said
state, but under the supervision Of the
state governing authorities; and
Whereas because Of the close proX-
unity Of the State Of Pennsylvania and
ihe ADVANTAGES to be gained from the
experience OF that State In supervisine
the administration Of its Compensation
Law. II is advisable and for the inter-
est Of employers. employees and insur-
ance carriers. and to accomplish uni
formitv in inspection and rating, that a
similar plan Of administration be adop-
ed IN and for the state Of Delaware
snd
Whereas it Is desirable that employ
ers and employees in the Stale Of Della
ware should have the beneflt and ad-
,antage Of keen competition in all mat
ers relating 10 service, the prevention
nf Industrial accidents and the equit-
shle adjustment Of claims Of employees.
but that there shall be no indiscrimln-
ate and unfair cutting Of rates. There
fore TO the end that the interests Of
an persons affected by "The Delaware
Workmens Compensation Law Of
1917 may be safeguarded,
Be It Resolved that tho Industrial
Accident Board Of the State OF Della
ware. acting under and by virtue Of the
authority In II vested by law TO ap-
prove the form OF policy and the
stability Of insurance carriers as above
set forth, do require an insurance car.
riers which shall be authorized tt
transact compensation Insurance busl
ness in the State OF Delaware, to ad
here strictly 20 the following rules an
regulations until further amended b
appropriate action Of this Board, viz
Al compensation insurance poll
rios issued 10 cover risks under IN
compensation insurance laws Of tn
slate Of Delaware, shall be In form ap
proved by said Industrial Acciden
Board and shall carry Endorsement
No g. copy whereof is hereto at
iached
2 All insurance carriers authorized
10 transact Workmen's Compensation
insurance IN the State Of Delaware
shall maintain in the City Of Whining
ton in said State, az the expense of
the insurance carriers an Independent
Rating Bureau and Stamping ONCE for
The purposes indicated in said endorse
ment The appointment Of the manager
Of such bureau and office and the con-
duct Of It's operations shall be subject
20 the approval Of the Industrial Ac-
cident Board Of the State Of Delaware
g. All risks or classes Of business in
ihe state Of Delaware subject TO
Schedule Rating shall be inspected by
the insurance carrier covering such
risk. and the inspection report re-
turned to such rating ofllce or bureau
which ofllce or bureau shall thereupon
issue the oflclal rate for each Of such
risks
:. A copy Of the policy declarations
m application for insurance, or a daily
report Of every compensation policy IS
sued for the State Of Delaware shall
he returned 70 such Rating Ofilce ol
Bureau. which ONCE or bureau shall
ihereupon stamp such policy II IN
accordance with tho classiflcations
rates, rules and regulations approved
by the Industrial Accident Board anC
the rate, rates and classifcations there
on shall be the Official rate, rates ol
classincations for each OF such risks.