Manual rate definition

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

  • Firm transactions not facilitating a customer are subject to a $0.25 Broker/Dealer & Firm Manual rate.

  • 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.

  • Manual rate reductions may be applied only at the next policy anniversary date, except that premiums for policies effective within 45 days prior to the effective date of reduction may be adjusted pro rata.

  • Groups of 51+ with experience are quoted a rate that is a blend of the Manual rate and an experience based rate using standard credibility formulas.

  • Manual rate selection shall be implemented using codes selected from the Field Controller's front panel as follows:0 = No metering.

  • 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.

  • As part of this filing, the Exchange is now proposing to apply the Firm Facilitation Fee to any transaction in which a firm proprietary account, of either an OTP Firm or non-OTP Firm, is used to facilitate an order for a customer of that same firm.6 Presently, OTP Firms are charged the Broker Dealer & Firm Manual rate of $0.26 for facilitation trades they execute on behalf of non- OTP firms.

  • Premium Rate Factors There are two sets of premium rate factors for each type of coverage:  Manual rate factors allow the Creditor to calculate premiums for those times when their computer system is inaccessible, or if the computer premiums need to be verified.

  • The Board heard the Chairman requesting consideration be given to the appointment of two Co-opted Governors.


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.
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Manual rate means the rate shown after the classification code number on the state rate pages in Part Three of the Basic Manual for Workers Compensation and Employers Liability Insurance.
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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.
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Manual rate means the product of the advisory prospective loss cost and a pool’s loss cost multiplier for each individual self-insured pool.
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Related to Manual rate

  • SONIA Reference Rate means, in respect of any London Banking Day, a reference rate equal to the daily Sterling Overnight Index Average ("SONIA") rate for such London Banking Day as provided by the administrator of SONIA to authorised distributors and as then published on the Relevant Screen Page (or if the Relevant Screen Page is unavailable, as otherwise is published by such authorised distributors) on the London Banking Day immediately following such London Banking Day; and

  • Nominal Rated Capability means the nominal maximum rated capability in megawatts of a Transmission Interconnection Customer’s Customer Facility or the nominal increase in transmission capability in megawatts of the Transmission System resulting from the interconnection or addition of a Transmission Interconnection Customer’s Customer Facility, as determined in accordance with pertinent Applicable Standards and specified in the Interconnection Service Agreement.