Pure premium rate means that portion of the rate which represents the loss costs per unit of exposure including loss adjustment expense;
Pure premium rate means the portion of the rate that represents the loss cost per unit of exposure,
Pure premium rate means the portion of the rate that represents the loss cost per unit of exposure, including loss adjustment expense.
Examples of Pure premium rate in a sentence
Pure premium rate deviations represent how insurers expect their losses and LAE to deviate from the average of all insurers.
A method of setting pure premium rate for property insurance, Zhang and Zheng [15], is adopted for earthquake property insurance: Pure premium rate = excepted loss ratio ×（ 1.0 + stability factor） (3) where excepted loss ratio is a mean value, i.e. fifty-fifty venture if the excepted loss ratio is used as premium rate.
More Definitions of Pure premium rate
Pure premium rate means that portion of a rate that:
Pure premium rate means that portion of the rate which
Pure premium rate means that portion of the rate which represents the loss cost per unit off exposure including loss adjustment expense.
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.
Pure premium rate means the portion of the rate that