Pure premium rate definition

Pure premium rate means that portion of the rate which represents the loss costs per unit of exposure including loss adjustment expense;
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Pure premium rate means the portion of the rate that represents the loss cost per unit of exposure,
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Pure premium rate means the portion of the rate that represents the loss cost per unit of exposure, including loss adjustment expense.
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Examples of Pure premium rate in a sentence

  • Pure premium rate means that portion of the rate which represents the loss cost per unit of exposure including loss adjustment expense.

  • Pure premium rate is set by DCBS and decreases when there is a decline in medical care cost and increases as cost increase.

  • Even the bottom estimate would rank Harvey above Sandy, the second costliest natural disas- ter at $70 billion of today’s dollars.

  • Pure premium rate deviations represent how insurers expect their losses and LAE to deviate from the average of all insurers.

  • Premium Rate = Pure premium rate + Catastrophic Load + Reserve Load + Charge to cover transaction costs + Return on equity It is little wonder that premium rates can exceed the expectations of decision makers who tend to forget bad events from natural disasters.

  • Pure premium rate changes attributable to experience are, of necessity, based on past experience.


More Definitions of Pure premium rate

Pure premium rate means that portion of a rate that:
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Pure premium rate means that portion of the rate which represents the loss cost per unit off exposure including loss adjustment expense.
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Pure premium rate means that portion of the rate which
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Pure premium rate means the portion of the rate that
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Pure premium rate means that portion of the rate which represents the loss cost per unit of exposure or loss cost per unit of insurance.
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Related to Pure premium rate

  • Base premium rate means, for each class of business as to a rating period, the lowest premium rate charged or that could have been charged under the rating system for that class of business by the small employer carrier to small employers with similar case characteristics for health benefit plans with the same or similar coverage.

  • Insurance Premium means the amount that each Debtor shall pay on a monthly basis to Agos pursuant to the relevant Consumer Loan Agreement, in relation to the insurance premium paid by Agos to the relevant Insurance Company under any Financed Insurance Policy.

  • New business premium rate means, for each class of business as to a rating period, the lowest premium rate charged or offered, or which could have been charged or offered, by the small employer carrier to small employers with similar case characteristics for newly issued health benefit plans with the same or similar coverage;

  • Auction Premium means the difference in price (if any) between the Starting Price and the Clearing Price;

  • Default Interest Rate is two percent above the base lending rate of Barclays Bank PLC, as varied from time to time;

  • Interest Rate shall have the meaning assigned to such term or analogous term in the Mortgage Loan Agreement.

  • Prepayment Premium means, with respect to the Mortgage Loan, any prepayment premium, spread maintenance premium, yield maintenance premium or similar fee required to be paid in connection with a prepayment of the Mortgage Loan pursuant to the Mortgage Loan Documents, including any exit fee.

  • Reference Interest Rate means the interest rate which is used as the basis for calculating any interest to be applied and which comes from a publicly available source which can be verified by both parties to a payment service contract;