Gross Loss Ratio definition
Gross Loss Ratio means Ultimate Claims Cost divided by Gross Earned Premium;
Gross Loss Ratio means the ratio of gross losses and loss adjustment expenses to gross earned premiums.
Gross Loss Ratio means, on any Distribution Date, an amount expressed as a percentage, equal to the quotient of (i) the Cumulative Gross Losses as of such Distribution Date divided by (ii) $1,008,147,400.28.
Examples of Gross Loss Ratio in a sentence
Should the Gross Loss Ratio so calculated exceed 45.0%, no Contingent Commission shall be payable.
A minimum rate of .6% of "imputed premium", as defined in the SRA, and shall slide to a maximum of 1.10% if the Gross Loss Ratio is less than or equal to 90%, for the applicable Crop year in question.
More Definitions of Gross Loss Ratio
Gross Loss Ratio means, on any Distribution Date, an amount ---------------- expressed as a percentage equal to the quotient of (i) the Cumulative Gross Losses as of such Distribution Date divided by (ii) the Aggregate Starting Receivables Balance.
Gross Loss Ratio means, on any Distribution Date, an amount expressed as a percentage, equal to the quotient of (i) the Cumulative Gross Losses as of such Distribution Date divided by (ii) $1,032,351,437.68.