Community rating or "community rated" means a rating
Community rating means a rating system in which the
Community rating or "community rated" means a rating methodology in which the premium charged by a carrier for all persons covered by a policy or contract form is the same based upon the experience of the entire pool of risks covered by that policy or contract form without regard to age, gender, health status, residence or occupation.
Examples of Community rating in a sentence
Community rating also protects the relative level of premiums, not the absolute level.
Due to these efforts the City is ranked highly in the NFIP Community rating system which entitles residents to purchase NFIP insurance and receive a 15% reduction in flood insurance rates.
Community rating generally lowers rates for high-risk individuals, while increasing rates for young, healthy applicants who are considered low-risk.
Reclamation deposits are recorded at cost and are included in amounts receivable and prepaid expenses.
Community rating rules restrict insurers from adjusting premiums on the basis of an individuals’s health status (and, to degrees that vary across states, on the basis of age and other demographic characteristics).
More Definitions of Community rating
Community rating means a premium structure under which premium rates are the same for all covered individuals of all ages in a given area.
Community rating means a rating system in which the premium for all persons covered by a contract is the same, based on the experience of all persons covered by that contract, without regard to age, sex, health status, occupation and geographical location.
Community rating means measures which, whether in whole or in part, apply towards the achievement of the principal objectiveF9[...];]
Community rating means a general method of establishing premiums for financing health care in which
Community rating means a general method of establishing premiums for financing health care in which an individual's rate is based on the actual or anticipated average cost of health services used by all HMO members in a specified service area.
Community rating means a rating [methodology] system in which
Community rating means that the insurance company must charge the same rate for a given level of service, regardless of age, sex or health status.