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 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:
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Pure premium rate means that portion of the rate which
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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 represents the loss cost per unit of exposure or loss cost per unit of insurance.
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Pure premium rate means the portion of the rate that
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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.

  • Premium Rate means the rate charged to an eligible group or eligible individual for a small group health plan.[PL 1991, c. 861, §2 (NEW).]

  • Net Mortgage Rate With respect to any Mortgage Loan (or the related REO Property) as of any date of determination, a per annum rate of interest equal to the then applicable Mortgage Rate for such Mortgage Loan minus the Servicing Fee Rate.

  • Minimum Mortgage Rate With respect to each Adjustable-Rate Mortgage Loan, the percentage set forth in the related Mortgage Note as the minimum Mortgage Rate thereunder.

  • 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;

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

  • Overdue Payment shall have the meaning specified in Section 4.03(a).

  • Maximum Mortgage Rate With respect to each Adjustable Rate Mortgage Loan, the percentage set forth in the related Mortgage Note as the maximum Mortgage Rate thereunder.

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

  • Mortgage Rate The annual rate of interest borne by a Mortgage Note from time to time.

  • 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 following rate (expressed as a percentage rate per annum) for deposits in the currency of the Strike Price: the Reference Interest Rate specified in the Table which has been published on the screen page specified in the Table (the "Screen

  • Prepayment Premium Period means the period during which, if a prepayment of principal occurs, a prepayment premium will be payable by Borrower to Lender. The Prepayment Premium Period is the period from and including the date of this Note until but not including the first day of the Window Period.

  • PIK Interest Rate means (a) in respect of any Interest Period, the Additional Tax Payer Protection Rate plus (b) in respect of any Interest Period ending on or prior to the first anniversary of the date hereof, the Adjusted LIBO Rate plus the Applicable Rate.