Rating plan definition

Rating plan means any schedule rating plan, experience rating plan, retrospective rating plan, individual risk premium modification plan, rule, procedure, plan, underwriting rule, schedule, or other such device for modifying filed manual rates and rating rules.
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Rating plan means a system by which insurers establish a premium or rate to be charged for insurance coverage.
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Rating plan means a rule or set of rules used by an insurer to calculate premium for an insured, and the parameter values used in such calculation, after application of classification premium rates to units of exposure;
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Examples of Rating plan in a sentence

  • If requested, but at least once per month, the Chief Union Job Evaluation ▇▇▇▇▇▇▇ will meet with the Labor Relations designee to discuss issues related to the Hourly Job Rating plan or process.

Related to Rating plan

  • Rating period means the 12-month period for which premium rates are determined by a health

  • Rating Confirmation means evidence that no Senior Bond rating in effect from a Rating Agency will be withdrawn or reduced solely as a result of an action to be taken under the Indenture.

  • Rating Agency Guidelines means the guidelines of any Rating Agency, as they may be amended or modified from time to time, compliance with which is required to cause such Rating Agency to continue to issue a rating with respect to a Series of VMTP Shares for so long as such Series is Outstanding.

  • Rating Agency means only those rating agencies that are engaged from time to time to rate the securities issued in connection with the Securitizations of the Notes.

  • Rating Downgrade means either: