Experience rating definition

Experience rating means a rating procedure utilizing past insurance experience of the individual policyholder to forecast future losses by measuring the policyholder's loss experience against the loss experience of policyholders in the same classification to produce a prospective premium credit, debit or unity modification.

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Experience rating means a rating procedure utilizing past

Experience rating means a statistical procedure utilizing past risk experience to produce a

Examples of Experience rating in a sentence

• The Employer shall supply the Union with the following information for each employee upon ratification and within one month of hiring: • Name • Date of Hire • Home address • Home phone number • Cell phone number (if available) • Classification, Status • Rate of Pay • Experience rating and anniversary date In addition, the Employer shall supply the Union with any changes in the above at regular intervals.

• Experience rating adjustments are calculated and adjusted from period to period based on policy experience to date and premium growth.

• SUBJECT Adoption and birth leaves Bulletin board Bylines Call back Car Insurance Car mileage Changes in duty Compassionate leave Copyrights on Material Departments Discipline and discharge Dues and employee information Experience rating Flex Media Plan Freelancers Full shift Grievance-arbitration procedure LOCAL 30204, K.T.U. Jan.

• Experience rating and experience anniversary date (where appropriate).

• Experience rating and vacation eligibility shall be restored in full to employees who are recalled after layoffs.

More Definitions of Experience rating

Experience rating means a rating procedure using past insurance experience of the individual

Experience rating means a rating procedure that:

Experience rating means a statistical procedure utilizing past risk experience to produce a prospective premium credit, debit or unity modification.

Experience rating means a rating procedure utilizing past insurance experience

Experience rating means a rating procedure utilizing past insurance experience of the individual policyholder to forecast future losses by measuring the policyholder’s loss experience

Experience rating means a statistical procedure utilizing past risk experience to produce a prospective premium credit, debit, or unity modification.

Experience rating an insurance program means that employers with fewer workers entering the program would pay a lower premium, and those with more workers entering the program would pay a higher premium.