Experience rating means a rating procedure utilizing past insurance experience of the individual policyholder to forecast future losses by measuring the policyholder's loss experience against the loss experience of policyholders in the same classification to produce a prospective premium credit, debit or unity modification.
Experience rating means a rating procedure utilizing past
Experience rating means a rating procedure that:
Examples of Experience rating in a sentence
An employer’s record with respect to contributions paid, benefits charged, and taxable wages reported.23.1(10) Experience rating.
Experience rating systems are generally highly automated systems.
Experience rating refund is the return of a portion of premium pursuant to a retrospectively rated funding arrangement when the sum of incurred losses, retention, and margin are less than earned premium.
Include: Experience rating refunds and State premium refunds paid or received during the MLR reporting year.
During contract performance, higher fill rates may result in a higher Past Performance and Experience rating for future acquisitions.
More Definitions of Experience rating
Experience rating means a rating procedure using past insurance experience of the individual
Experience rating means a statistical procedure utilizing past risk experience to produce a
Experience rating means a statistical procedure utilizing past risk experience to produce a prospective premium credit, debit or unity modification.
Experience rating means a rating procedure utilizing past insurance experience of the individual policyholder to forecast future losses by measuring the policyholder’s loss experience
Experience rating means a rating procedure utilizing past insurance experience
Experience rating means a rating procedure utilizing past insurance experience of the individual policyholder to forecast future losses by measuring the policyholders loss experience again st the loss experience of policyholders in the same classification to produce a prospective premium credit, debit or unity modification;
Experience rating means a rating procedure utilizing past insurance experience of the individual policyholder to forecast future losses by measuring the policyholder's loss experience to produce a prospective premium credit, debit, or unity modification.