Actual loss ratio definition

Actual loss ratio means a retrospective calculation and calculated as the benefits incurred divided by the "premi- ums earned," both measured from the beginning of the calcu- lating period to the date of the loss ratio calculations.

Actual loss ratio as to any Adjustment Period means the ratio of Losses Incurred to Net Earned Premium for such Adjustment Period.

Actual loss ratio means, for large employer coverage issued by a dental carrier, the ratio of

Examples of Actual loss ratio in a sentence

• This can be illustrated by the following:Rate change = A - E = 0.80 - 0.70 = 0.143, or 14.3%E .70where A =Actual loss ratio E =Expected loss ratio Merit RatingThe third principal type of rating in property-casualty insurance is merit rating.

More Definitions of Actual loss ratio

Actual loss ratio means incurred claims divided by earned premiums at rates in use.

Actual loss ratio means the ratio that the total of the Incurred Losses and Loss Adjustment Expenses, including payments under this endorsement, for the preceding twelve months, bears to the total Earned Premium for all coverages under this Policy for the preceding twelve months.

Actual loss ratio means the sum of paid losses and loss reserves, as a percentage of earned premiums.