Merit Rating definition

Merit Rating means a rating procedure utilizing past motor vehicle accident and violation 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.
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Examples of Merit Rating in a sentence

  • From 0 to 4 points (merit) annually for Superior Officers Merit Rating.

  • A copy of the Supervisory Performance Reports (Merit Rating forms of employees) shall be provided to the Union President when completed and signed.

  • Employees transferred from the former Registry of Motor Vehicles, Merit Rating Board or former MassHighway to the Administrative Services Division of the former Executive Office of Transportation shall have seniority within the Division to which their original agency transferred and/or the Shared Services Division.

  • Payment is withheld when the household member, if listed, would require the payment of additional premium on your policy because the household member would be classified as an inexperienced operator or would require payment of additional premium on your policy under the Merit Rating Plan.

  • Once Element 1, Specialized Experience, Element 2, Organizational and Technical Approach, and Element 3, Key Subcontractors, have been evaluated, an overall Technical Merit Rating will be assigned.

  • The Superior Officer Merit Rating from 0 - 4 points provided that the point scores are allocated among the members of the Department of Fire.

  • Merit Rating Score of 16-48 to be paid at $.01 per point, to a max.

  • The schedule of basic rates listed in Exhibit "A", Rate Schedule, in Exhibit Automatic Progression and Merit Rating Table, shall be effective during the term of this Agreement and subject to the provisions of this Article.

Related to Merit Rating

  • M▇▇▇▇’▇ Rating means, with respect to a Reference Obligation, as of any date of determination:

  • Credit Rating means, with respect to any entity, the rating then assigned to such entity’s unsecured, senior long-term debt obligations (not supported by third party credit enhancements) or if such entity does not have a rating for its senior unsecured long-term debt, then the rating then assigned to such entity as an issuer rating by S&P, Moody’s or any other rating agency agreed by the Parties as set forth in the Cover Sheet.

  • ▇▇▇▇▇’▇ Rating means, at any time, the rating issued by ▇▇▇▇▇’▇ and then in effect with respect to the Borrower’s senior unsecured long-term debt securities without third-party credit enhancement.

  • S&P Rating means, at any time, the rating issued by S&P and then in effect with respect to the Borrower’s senior unsecured long-term debt securities without third-party credit enhancement.

  • Moody s” means Moody’s Investors Service, Inc.