RATING BASIS definition
RATING BASIS. RATE: Gross Receipts: Premises/Operations [ ] [ ] Products [ ] [ ] Employee Benefits [ ]
RATING BASIS. Per Vehicle and cost of hire and no. employees (no insured vehicles at present) Carrier: St. P▇▇▇ Fire & Marine Insurance Company Policy Number: TE00801486 Policy Term: December 15, 2006 to December 15, 2007 Premium: $ T.B.D. annual subject to changes during the year Description of Coverage: 1. Policy pays sums you legally must pay as damages because of bodily injury and property damage caused by an accident arising from the ownership, maintenance or use of a covered automobile. “Non-owned”/Hired included.
RATING BASIS. Per Vehicle and cost of hire and no. employees (no vehicles insured) Carrier: St. P▇▇▇ Fire & Marine Insurance Company Policy Number: TE00801487 Policy Term: December 15, 2006 to December 15, 2007 Premium: $ 34,145annual + $973 for terrorism Description of Coverage: Coverage A. Policy pays amounts you are legally required to pay as damages for injury or damage in excess of your primary insurance. Coverage B. Policy pays amounts you are legally required to pay as damages for injury or damage in that is not covered by your primary insurance, unless otherwise excluded by this policy. Limits: $ 5,000,000 Each Occurrence $ 5,000,000 Personal & Advertising Injury $ 5,000,000 General Aggregate $ 5,000,000 Products & Completed Operations Aggregate Deductible: $ 10,000 Umbrella only (not excess)
Examples of RATING BASIS in a sentence
The limit of insurance must be the replacement cost value (Rating Basis Code 2) of the property to be insured.