Loss Experience definition

Loss Experience means only such amounts as are actually paid by the Participant or the Authority in payment of benefits under the Workers’ Compensation Act, in settlement of claims, or in satisfaction of awards or judgments for liabilities imposed by the Workers’ Compensation Act for bodily injury or occupational disease to an employee as defined in the Workers’ Compensation Act and PWCP Memorandum of Coverage (MOC).
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Loss Experience means incurred losses the Participant or the Authority in settlement of claims, or in satisfaction of awards or judgments for liabilities imposed by law for bodily injury, property damage, personal injury, public officials errors and omissions, sudden and accidental pollution, as those terms are defined in the PLP Memorandum of Coverage (MOC) and to which that MOC applies.
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Loss Experience means the ratio between the fleet premium and the amount of all claims incurred by the corporation for the fleet in the annual rating term or annual registration period, expressed as a percentage that is
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Examples of Loss Experience in a sentence

  • The following premium credits and discounts applied to the premium associated with this coverage part: Favorable Loss Experience Discount There may be other credits and discounts you may be able to enjoy, please contact your agent for full details.

  • Delinquency and Loss Experience The following tables set forth the delinquency and loss experience for each of the periods shown for the TPF Total Portfolio of credit card accounts.

  • Using this methodology, OFHEO may identify a new Benchmark Loss Experience that has a higher rate of loss than the Benchmark Loss Experience identi- fied at the time of the issuance of this regu- lation.

  • The collective impairment allowance is determined after taking into account: Historical Loss Experience in portfolios of similar credit risk; and Management’s experience and judgment as to whether current economic and credit conditions are such that the actual level of inherent losses at the reporting date is like to be greater or less than that suggested by historical experience.

  • In the event such a Benchmark Loss Experience is identified, OFHEO may incor- porate the resulting higher loss rates in the Stress Test.3.0 Computation of the Risk-Based Capital Requirement3.1 Data3.1.1 Introduction[a] The Stress Test requires data on all of an Enterprise’s assets, liabilities, stock- holders equity, accounting entries, oper- ations and off-balance sheet obligations, as well as economic factors that affect them: interest rates, house prices, rent growth rates, and vacancy rates.

  • Glossary1.0 Identification of the Benchmark Loss ExperienceOFHEO will use the definitions, data, and methodology described below to identify the Benchmark Loss Experience.

  • Phillipa Castle of Victoria University in 2010 conducted her doctorate in relation to the A Unique Loss: Experience of Mothers in Open Adoption.

  • The collective impairment allowance is determined after taking into account: Historical Loss Experience in portfolios of similar credit risk; and Management’s experienced judgment as to whether current economic and credit conditions are such that the actual level of inherent losses at the reporting date is like to be greater or less than that suggested by historical experience.

  • Delinquency and Loss Experience The following tables set forth the delinquency and loss experience for each of the periods shown for the Bank Portfolio of credit card accounts.

  • Definitions Other Rate Differential Indications:The following sections need only be included in a filing if changes to these items are being made.C-3.l. Implementation of Canadian Loss Experience Automobile Rating (CLEAR) System Differentials (if applicable)1.


More Definitions of Loss Experience

Loss Experience with respect to the Trade Accounts Receivable and the Premier Club Accounts Receivable identified on the Closing Net Working Capital Statement shall be calculated as of December 31, 1997, unless the Closing occurs subsequent to June 30, 1997, in which case the Loss Experience shall be calculated as of a date which is the end of the calendar quarter and which falls between six and nine months after the Closing Date ("Settlement Date"); for example, if the Closing occurs on July 10, 1997, the Settlement Date would be March 31, 1998. (a) Trade Accounts Receivable Loss Experience shall equal: The total amount of Trade Accounts Receivable listed on the Closing Net Working Capital Statement which are uncollected at the Settlement Date. (b) Premier Club Accounts Receivable Loss Experience shall equal: The sum of (i) the total amount of Premier Club Accounts Receivable past due (determined in good faith between Panthers and the Partnership) as of the Settlement Date ("PCAR Delinquent Amount") plus (ii) the product of (1) the percentage obtained by dividing (x) the PCAR Delinquent Amount by (y) the total Premier Club A-22 23 Accounts Receivable set forth on the Closing Net Working Capital Statement which were due on or before the Settlement Date; multiplied by (2) the amount identified on the Closing Net Working Capital Statement as being due subsequent to the Settlement Date. 9.3
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Loss Experience with respect to the Seller means the higher of (x) the 12 month rolling gross average loss experience for the Seller's portfolio (historically or on a going forward basis) and (y) four times the loss experience of the Seller's portfolio during the three consecutive month period with the highest gross loss experience during the most recent three year period.
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Loss Experience means only such amounts as incurred (paid and reserves) as are actually paid by the Participant or the Authority, including payments to investigators and defense attorneys, as outlined in the Program Memorandum of Coverage (MOC).
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Related to Loss Experience

  • Work experience means a work activity that provides a participant with an

  • Professional experience means the actual and lawful pursuit of the profession concerned;

  • Field experience means a sequence of learning experiences which occur in actual school settings or clinical or laboratory settings. Such learning experiences are related to specific program outcomes and are designed to integrate educational theory, knowledge, and skills in actual practice under the direction of a qualified supervisor.

  • Clinical experience means providing direct services to individuals with mental illness or the provision of direct geriatric services or special education services. Experience may include supervised internships, practicums, and field experience.

  • Teaching Experience means full-time employment as a teacher in a public school, private school licensed or accredited by the State Board of Education, or institution of higher education,

  • Experience means “earned premiums” and “incurred claims” during the experience period.

  • Severity means the dollar amount of losses on claims.

  • Independent Evaluator A person empowered, pursuant to Section 23.5 (Failure to Reach Agreement) and Section 23.10 (Dispute) of this Agreement, to resolve disputes due to failure of the Parties to agree on a Performance Standards Revision Document.

  • Adverse Drug Experience means any of: an “adverse drug experience,” a “life-threatening adverse drug experience,” a “serious adverse drug experience,” or an “unexpected adverse drug experience,” as those terms are defined at either 21 C.F.R. § 312.32 or 21 C.F.R. § 314.80.

  • Co-occurring disorder specialist means an individual

  • Independent Expert means a Person or entity with no material current or prior business or personal relationship with the Advisor or the Directors and who is engaged to a substantial extent in the business of rendering opinions regarding the value of assets of the type held by the Company.

  • Economically disadvantaged means to be eligible to receive free or reduced price

  • Severity 2 means the unavailability of an individual resource and redundant capability is not available or exhausted.

  • Housing Specialist means a specialized position dedicated to developing the full array of housing options for their program and monitoring their sustainability for the population served in accordance with the minimal housing standards policy set by County for their program. The Housing Specialist is also responsible for assisting Participants with applications to low- income housing, housing subsidies, senior housing, etc.

  • Functional behavioral assessment means an individualized assessment of the student that results in a team hypothesis about the function of a student’s behavior and, as appropriate, recommendations for a behavior intervention plan.

  • Supervisory Review means ongoing clinical case reviews in accordance with procedures developed by ADMINISTRATOR, to determine the appropriateness of Diagnosis and treatment and to monitor compliance to the minimum ADMINISTRATOR and Medi-Cal charting standards. Supervisory review is conducted by the program/clinic director or designee.

  • Severity 1 means the unavailability of multiple service resources and redundant capability is not available or has been exhausted.

  • Expert Determination the process described in Paragraph 6 of Schedule 8.3 (Dispute Resolution Procedure);

  • Clinical nurse specialist means a registered nurse with relevant post-basic qualifications and 12 months’ experience working in the clinical area of his/her specified post-basic qualification, or a minimum of four years’ post-basic registration experience, including three years’ experience in the relevant specialist field and who satisfies the local criteria.

  • financial expert means an individual, company or firm who is authorised to give investment advice under the Financial Services and Markets Act 2000;

  • Diagnosis of autism spectrum disorder means medically necessary assessments, evaluations, or tests

  • Independent Financial Expert means a nationally recognized accounting, investment banking or consultant firm, which firm does not have a material financial interest or other material economic relationship with either the Company or any of its Affiliates or the Holder or any of its Affiliates that is, in the good faith judgment of the Board, qualified to perform the task for which it has been engaged.

  • Participating Certified Clinical Nurse Specialist means a Certified Clinical Nurse Specialist who has a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Psychotherapy or "Therapy" means a goal directed process using generally accepted clinical approaches provided face-to-face by a qualified service provider with consumers in individual, group or family settings to promote positive emotional or behavioral change.

  • Root Cause Analysis Report means a report addressing a problem or non-conformance, in order to get to the ‘root cause’ of the problem, which thereby assists in correcting or eliminating the cause, and prevent the problem from recurring.

  • Expert is defined in Section 7.9 of this Agreement.