Loss Experience definition

Loss Experience means only such amounts as are actually paid by the Participant or the Authority in payment of benefits under the Workers’ Compensation Act, in settlement of claims, or in satisfaction of awards or judgments for liabilities imposed by the Workers’ Compensation Act for bodily injury or occupational disease to an employee as defined in the Workers’ Compensation Act and PWCP Memorandum of Coverage (MOC).
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Loss Experience means incurred losses the Participant or the Authority in settlement of claims, or in satisfaction of awards or judgments for liabilities imposed by law for bodily injury, property damage, personal injury, public officials errors and omissions, sudden and accidental pollution, as those terms are defined in the PLP Memorandum of Coverage (MOC) and to which that MOC applies.
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Loss Experience with respect to the Seller means the higher of (x) the 12 month rolling gross average loss experience for the Seller's portfolio (historically or on a going forward basis) and (y) four times the loss experience of the Seller's portfolio during the three consecutive month period with the highest gross loss experience during the most recent three year period.
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Examples of Loss Experience in a sentence

  • The collective impairment allowance is determined after taking into account: Historical Loss Experience in portfolios of similar credit risk; and Management’s experience and judgment as to whether current economic and credit conditions are such that the actual level of inherent losses at the reporting date is like to be greater or less than that suggested by historical experience.

  • The following premium credits and discounts applied to the premium associated with this coverage part: Favorable Loss Experience Discount There may be other credits and discounts you may be able to enjoy, please contact your agent for full details.

  • The collective impairment allowance is determined after taking into account: Historical Loss Experience in portfolios of similar credit risk; and Management’s experienced judgment as to whether current economic and credit conditions are such that the actual level of inherent losses at the reporting date is like to be greater or less than that suggested by historical experience.

  • A statewide measure of the effectiveness of our Workers Compensation Safety Program is our Loss Experience Factor (LEF).

  • Phillipa Castle of Victoria University in 2010 conducted her doctorate in relation to the A Unique Loss: Experience of Mothers in Open Adoption.

  • When the report is generated, you can view the latest retrieved datain the report display pane below.

  • Each Party consents to the recording of telephone conversations between the trading, marketing and other relevant personnel of the Parties in connection with this Agreement or any Transaction as long as the party performing the recording is doing so in compliance with Applicable Law.

  • Figure 1State Distribution and Loss Experience (2480 Companies) (1995 - 1999) % of Direct Premium Written Loss Ratios Rank State1999DPW Source: Best’s Aggregates & Averages - Property/Casualty, 2000 Edition Figure 2 shows a map of direct premiums written and loss ratios by regions of the United States.

  • Guide 3 currently calls for five years of Loan Portfolio and Summary of Loan Loss Experience data and three years of all other information.

  • Required Information Location in ReportDistribution of Assets, Liabilities and Stockholders' Equity;Interest Rates and Interest Differential Part II, Item 7.B.I.Investment Portfolio Part II, Item 7.C.I.Loan Portfolio Part II, Item 7.C.II.Summary of Loan Loss Experience Part II, Item 7.C.III.Deposits Part II, Item 7.C.IV.Return on Equity and Assets Part II, Item 6.Short-Term Borrowings Part II, Item 8.


More Definitions of Loss Experience

Loss Experience means only such amounts as incurred (paid and reserves) as are actually paid by the Participant or the Authority, including payments to investigators and defense attorneys, as outlined in the Program Memorandum of Coverage (MOC).
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Loss Experience with respect to the Trade Accounts Receivable and the Premier Club Accounts Receivable identified on the Closing Net Working Capital Statement shall be calculated as of December 31, 1997, unless the Closing occurs subsequent to June 30, 1997, in which case the Loss Experience shall be calculated as of a date which is the end of the calendar quarter and which falls between six and nine months after the Closing Date ("Settlement Date"); for example, if the Closing occurs on July 10, 1997, the Settlement Date would be March 31, 1998.
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Loss Experience means the ratio between the fleet premium and the amount of all claims incurred by the corporation for the fleet in the annual rating term or annual registration period, expressed as a percentage that is
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Related to Loss Experience

  • Work experience means an activity in the unpaid employment component in which the participant works without pay at a job site to develop good work habits and basic vocational skills that enhance the likelihood the participant will become employed. "Work experience" is available through private for-profit businesses, nonprofit organizations, or public agencies.¶

  • Professional experience means the actual and lawful pursuit of the profession concerned;

  • Clinical experience means providing direct services to individuals with mental illness or the provision of direct geriatric services or special education services. Experience may include supervised internships, practicums, and field experience.

  • Teaching Experience means full-time employment as a teacher in a public school, private school licensed or accredited by the State Board of Education, or institution of higher education,

  • Experience means “earned premiums” and “incurred claims” during the experience period.

  • Severity means the dollar amount of losses on claims.

  • Independent Evaluator A person empowered, pursuant to Section 23.5 (Failure to Reach Agreement) and Section 23.10 (Dispute) of this Agreement, to resolve disputes due to failure of the Parties to agree on a Performance Standards Revision Document.

  • Adverse Drug Experience means any of: an “adverse drug experience,” a “life-threatening adverse drug experience,” a “serious adverse drug experience,” or an “unexpected adverse drug experience,” as those terms are defined at either 21 C.F.R. § 312.32 or 21 C.F.R. § 314.80.

  • Co-occurring disorder specialist means an individual

  • Independent Expert means a Person or entity with no material current or prior business or personal relationship with the Advisor or the Directors and who is engaged to a substantial extent in the business of rendering opinions regarding the value of assets of the type held by the Company.

  • Psychological abuse which shall mean conduct by a custodian intentionally or recklessly causing, by verbal or non-verbal conduct, a substantial diminution of a service recipient's emotional, social or behavioral development or condition, supported by a clinical assessment performed by a physician, psychologist, psychiatric nurse practitioner, licensed clinical or master social worker or licensed mental health counselor, or causing the likelihood of such diminution. Such conduct may include but shall not be limited to intimidation, threats, the display of a weapon or other object that could reasonably be perceived by a service recipient as a means for infliction of pain or injury, in a manner that constitutes a threat of physical pain or injury, taunts, derogatory comments or ridicule.

  • Severity 3 means the unavailability of an individual resource and automated redundancy is fulfilling demand.

  • Economically disadvantaged means a pupil who has been determined eligible for free or reduced-price meals as determined under the Richard B. Russell national school lunch act, 42 USC 1751 to 1769j; who is in a household receiving supplemental nutrition assistance program or temporary assistance for needy families assistance; or who is homeless, migrant, or in foster care, as reported to the center.

  • Severity 2 means the unavailability of an individual resource and redundant capability is not available or exhausted.

  • Housing Specialist means a specialized position dedicated to developing the full array of housing options for their program and monitoring their sustainability for the population served in accordance with the minimal housing standards policy set by County for their program. The Housing Specialist is also responsible for assisting Participants with applications to low- income housing, housing subsidies, senior housing, etc.

  • Functional behavioral assessment means an individualized assessment of the student that results in a team hypothesis about the function of a student’s behavior and, as appropriate, recommendations for a behavior intervention plan.

  • Supervisory Review means ongoing clinical case reviews in accordance with procedures developed by ADMINISTRATOR, to determine the appropriateness of Diagnosis and treatment and to monitor compliance to the minimum ADMINISTRATOR and Medi-Cal charting standards. Supervisory review is conducted by the program/clinic director or designee.

  • Severity 1 means the unavailability of multiple service resources and redundant capability is not available or has been exhausted.

  • Expert Determination has the meaning given to it in Clause 18.3(a) (Expert Determination).

  • Clinical nurse specialist means a registered nurse with relevant post-basic qualifications and 12 months’ experience working in the clinical area of his/her specified post-basic qualification, or a minimum of four years’ post-basic registration experience, including three years’ experience in the relevant specialist field and who satisfies the local criteria.

  • financial expert means an individual, company or firm who is authorised to give investment advice under the Financial Services and Markets Act 2000;

  • Diagnosis of autism spectrum disorder means medically necessary assessments, evaluations, or tests

  • Independent Financial Expert means a U.S. investment banking firm of national standing in the United States, (i) which does not, and whose directors, officers and employees or affiliates do not have a direct or indirect material financial interest for its proprietary account in the Company or any of its affiliates and (ii) which, in the judgment of the board of directors of the Company, is otherwise independent with respect to the Company and its affiliates and qualified to perform the task for which it is to be engaged.

  • Participating Certified Clinical Nurse Specialist means a Certified Clinical Nurse Specialist who has a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Psychotherapy or "Therapy" means a goal directed process using generally accepted clinical approaches provided face-to-face by a qualified service provider with consumers in individual, group or family settings to promote positive emotional or behavioral change.

  • Root Cause Analysis Report means a report addressing a problem or non-conformance, in order to get to the ‘root cause’ of the problem, which thereby assists in correcting or eliminating the cause, and prevent the problem from recurring.