Benefits ratio definition

Benefits ratio means, for the purposes of this regulation, the ratio of policy benefits, not including policyholder dividends, to the value of the earned premiums, not reduced by policyholder dividends, over the entire period for which rates are computed to provide coverage. Note: active life reserves do not represent claim payments, but provide for timing differences. Benefits ratio calculations must be displayed without the inclusion of active life reserves.
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Benefits ratio means the ratio of the value of the actual benefits, not including dividends, to the value of the actual premiums, not reduced by dividends, over the entire period for which rates are computed to provide coverage. "Benefits ratio" is also known as "targeted loss ratio".
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Benefits ratio means the ratio of the value of the actual
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Examples of Benefits ratio in a sentence

  • The purpose of the Fund Termination Benefits ratio is to measure the capacity of the Net Market Value of the Net Assets of the Fund to meet the total benefits which would be payable if the Fund was wound up at the date of the Investigation.

  • The Fund Termination Benefits ratio is determined as the ratio of the Net Market Value of the Net Assets of the Fund to the total Fund Termination Benefits at the date of determination.

  • Second, the discourse of exclusion at the national level is accompanied by a strong identification with the district (reflecting German federalism and an intense Kiezdenken — strong identification with the district where one lives).21 On this level a tendency towards pragmatic solutions, which focus on the singular case, can be observed.

  • The purpose of the Vested Benefits ratio is to measure the capacity of the Fund’s assets to meet the total benefits which would be payable if all members received their Vested Benefit.

  • The Vested Benefits ratio is determined as the ratio of the Net Market Value of the Net Assets of the Fund to the total Vested Benefits of the Fund at the date of determination.

  • Our previous theoretical results were compared with experimental and theoretical data available in the literature (see Ref.

  • The Retrenchment Benefits ratio is determined as the ratio of the Net Market Value of the Net Assets of the Fund to the total Retrenchment Benefits of the Fund at the date of determination.

  • If the Vested Benefits ratio is less than 100%, the Funding Status Measures must include the Minimum Requisite Benefits ratio.

  • Table 8.Social Security SystemGovernment Service Insurance SystemThai Government Pension FundSingapore Central Provident FundContributions to Benefits Ratio1.19 For the Contributions to Benefits ratio, the GSIS appeared to be the “worst performer” among the four funds surveyed.

  • Cost to Benefits ratio must be clearly described.Please add the Delta-Sierra Group to your CEQA notification list.


More Definitions of Benefits ratio

Benefits ratio. The ratio to be determined as set forth in Exhibit E hereto.
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Related to Benefits ratio

  • total earnings means all of the dentist's gross earnings from the practice of dentistry by him in person, and "NHS earnings" means the dentist's gross earnings from the provision by him in person of general dental services under the National Health Service (Scotland) Act 1978, as amended, including where the dentist's name is included in sub-part A of the first part, or Part A prior to 2 July 2010, of two or more dental lists in Scotland, but neither his total earnings nor his NHS earnings shall be taken to include any remuneration by way of salary;

  • Final Average Compensation means the aggregate amount of a member's compensation earned within the averaging period in which the aggregate amount of compensation was highest divided by the member's number of years, including any fraction of a year, of credited service during the averaging period. The averaging period shall be 36 consecutive calendar months if the member contributes to the member investment plan except for a member who contributes to the member investment plan and first became a member on or after July 1, 2010; otherwise, the averaging period shall be 60 consecutive calendar months. A member who contributes to the member investment plan and first became a member on or after July 1, 2010 shall also have an averaging period of 60 consecutive calendar months. If the member has less than 1 year of credited service in the averaging period, the number of consecutive calendar months in the averaging period shall be increased to the lowest number of consecutive calendar months that contains 1 year of credited service.

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Performance Ratio (PR) means the ratio of plant output versus installed plant capacity at any instance with respect to the radiation measured.

  • Total Compensation means the cash and noncash dollar value earned by the executive during the Subcontractor’s preceding fiscal year and includes the following (for more information see 17 CFR 229.402(c)(2)):

  • Maximum Benefit means the maximum benefit amount of each of the benefits covered under this Policy as stated in the Schedule of Benefits.

  • Cash Balance means, at any date of determination, the unencumbered and otherwise unrestricted cash and Cash Equivalents of the NCLC Group.

  • Gross earnings means all monies earned by the Employee under the terms of this Collective Agreement.

  • Final average salary means whichever of the following is greater:

  • Severance Multiple means 2.50; provided, however, that notwithstanding the foregoing, for each full month that elapses during the period beginning on the date the Executive attains age 63 and ending on the date the Executive attains age 65, the Severance Multiple shall be reduced by an amount equal to the product of (i) 1/24 and (ii) the excess of (A) the original Severance Multiple set forth above over (B) 1.0 (rounded to the nearest hundredth).

  • Annual Compensation means an amount equal to the greater of: