Base premium rate definition

Base premium rate means, for each class of business as to a rating period, the lowest premium rate charged or that could have been charged under the rating system for that class of business by the small employer carrier to small employers with similar case characteristics for health benefit plans with the same or similar coverage.

Base premium rate means, for each class of business as to a rating period, the

Base premium rate means, for each class of business as to a rating period, the lowest premium rate charged or that could have been charged under the rating system for that class of business by the insurer to the individual or small group, or employer as defined in KRS 304.17A-0954, with similar case characteristics for health benefit plans with the same or similar coverage;

Examples of Base premium rate in a sentence

• In this subchapter: (1) "Base premium rate" means, for each class of business and for a specific rating period, the lowest premium rate that is charged or that could be charged under a rating system for that class of business by a small employer health benefit plan issuer to small employers with similar case characteristics for small employer health benefit plans that provide the same or similar coverage.

• Yields and Actuarial Data for Corn for the 2011 Crop Year, Sherman County, KS and Perkins County, NE * Base premium rate is the sum of the base rate and the fixed load.

• Base premium rate adjustment depends on factors, such as: number of buyers; insurance cover percentage; and maximum credit term provided to buyers.

• In-Camera DATE:December 3, 2019ACTION:For InformationSUBJECT:Increase in WorkSafeBC PremiumsRECOMMENDED BY:Steve Hurcombe BACKGROUND: Each year our WorkSafeBC premiums are calculated based on two components: • Base premium rate for Law Enforcement (same for all agencies) • Experience rating premium (based on actual claims) We recently received our assessment for 2020, quickly followed by another increase for a recently settled claim.

• Base premium rate" means, for each class of business as to a rating period, the lowest premium rate charged or that could have been charged under the rating system for that class of business by the insurer to the individual or small group, or employer as defined in KRS 304.17A-0954, with similar case characteristics for health benefit plans with the same or similar coverage; (4)[(3)] "Bona fide association" means an entity as defined in 42 U.S.C. sec.

More Definitions of Base premium rate

Base premium rate means, for each class of business as to

Base premium rate means, for each class of business as to a rating period, the lowest premium rate charged or that could have been charged under a rating system for that class of business by the covered carrier to covered insureds with similar case characteristics for health benefit plans with the same or similar coverage.

Base premium rate means, as to any health benefit plan that is issued by a carrier and that covers at least two but no more than fifty employees of a small employer, the lowest premium rate for a new or existing business prescribed by the carrier for the same or similar coverage under a plan or arrangement covering any small employer with similar case characteristics.

Base premium rate means the lowest premium rate chargeable under a rating system to small employers with similar case characteristics and the same or similar benefit design charac- teristics in the same class of business.

Base premium rate means, for each rating period, the lowest

Base premium rate means, for each class of business and for a specific rating period, the lowest premium rate that is charged or that could be charged under a rating system for that class of business by a small employer health benefit plan issuer to small employers with similar case characteristics for small employer health benefit plans that provide the same or similar coverage.

Base premium rate means, for each class of business as to a rating period, the lowest premium rate