T,\BLE A-53 

 Umim DEFECTS IN HULL INSURANCE CONTRACTS 

 OF VESSELS CLASSIFIED ON THE BASIS OF PAID LOSS RECORD 



WC)C 



loss recorfi- 



2. Active wood with worst 

 loss recordH/ 



3. Active steel 



4. Lost wood 

 Total reporting 



III. California 



1. Active wood with best 

 loss recordiy 



2. Active wood with worst 

 loss records/ 



3. Active steel 

 k. Lost wood 

 Total reporting 



40.0 



48.0 

 48.6 



43". 6 



95.7 

 96.9 



95.2 



(32) 



(17) 

 93} 



(132) 



(15M 

 (8) 



(3l5T 



12.5 



e.9 

 7.6 



(10) 



(7) 

 (-) 



.17 



(c) 



100.0 



100.0 

 100.0 



100.0 



100.0 

 100.0 



100,0 



(80) 



(102) 

 (35) 

 (8) 



T225T" 



(138) 



(159) 

 (13) 



(2M 



a/t'ifty per cent of active wood vessels with no or smallest paid 



year studied, 

 b/^ifty per cent of octive wood vessels with largest paid losses 



studied. 

 c/no contracts with this provision in the California sample. 



losses per policy 

 per policy year 



229 



