Manual rate definition

Manual rate means a rate designed to apply on a generic basis to similar risks within the same class, filed by an insurer or rating/advisory organization with the Division of Insurance and made part of the rating manual used by an insurer or rating/advisory organization.

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Manual rate means the rate developed using the filed manual rates and premium determination rules prior to the application of any rating plan.

Manual rate means the rate developed using the filed manual rates and rating procedures from the rating plan prior to the application of any rating subjective discount, credit or surcharge plan. Generally, the manual rate is designed to apply on a generic basis to similar risks and is published in a rate manual by an insurer or rating organization. Package rates produced by application of package modification factors to monoline rates are considered to be manual rates.

Examples of Manual rate in a sentence

Travel, mileage and moving expenses shall be reimbursed as per the Department of Administrative Services Accounting Manual rate adjustments.
In addition to the obligations imposed upon Agent in this Agreement, Agent agrees that it will conform to all rules and guidelines stated in GWIC’s Standards Manual, rate books, compliance manuals or any other materials governing Agent’s conduct which GWIC provides to Agent (collectively, the “Company Rules”), as the same may be amended, in GWIC’s absolute discretion, from time to time.
The Manual rate and the Experience Modification Factor used to calculate the rate above are Manual Rate Boiler Maker [*****%], Pipe Fitter [*****%], Electrician [*****%] for Pennsylvania and Experience Modification Factor [*****] for Pennsylvania.
In addition to the obligations imposed upon Agent in this Agreement, Agent agrees that it will conform to all rules and guidelines stated in GWIC’s standards manual, Agent Field Manual, rate books, compliance manuals, or any other materials governing Agent’s conduct which GWIC provides to Agent (collec- tively, the “Company Rules”), as the same may be amended, in GWIC’s absolute discretion, from time to time.
The "Manual" rate shall also apply to all renewals of the "Manual" policy whether the renewal is issued via an automated renewal process or a manual renewal process.
Should the Retail Manual rate not be competitive the Department Manager may request that the employee, if the employee agrees, perform the job at a reduced time.
The Fees may include an "Electronic" rate, for policies issued via "Electronic" means, and a "Manual" rate, for policies issued using a "Manual" process.
The Manual rate and the Experience Modification Factor used to calculate the rate above are Manual Rate Boiler Maker [*****%], Pipe Fitter [*****%], Electrician [*****%] for Ohio and Experience Modification Factor 1.00 for Ohio, plus statutory Administrative Costs and DWRF Costs of Boiler Maker [*****%], Pipe Fitter [*****%], Electrician [*****%] for Ohio.

More Definitions of Manual rate

Manual rate means a rate, designed to apply on a generic basis to similar risks within the same market, filed with the department by an insurer or rate service organization and made part of the rating manual used by an insurer or rate service organization.

Manual rate means a rate, whether expressed as a single number or as a prospective loss cost with an adjustment to account for the treatment of expenses, profit and variations based on loss or expense considerations, designed to apply on a generic basis to similar risks within the same market, filed by an insurer or rate service organization with the department, approved by the superintendent, and made part of the rating manual used by an insurer or rate service organization.

Manual rate means a rate designed to apply on a generic basis to similar risks within the same class, filed by an insurer or rating/advisory organization with the Division of

Manual rate means the product of the advisory prospective loss cost and a pool’s loss cost multiplier for each individual self-insured pool.