Merit rating

Merit rating refers rate-making method in which class rates are adjusted upward or downward based on individual loss experience.

Share it: CITE

Previous:
Computer Programming

Next:
MIB Group, Inc. (Medical Information Bureau)

Related Definitions

Unisex rating
Unisex rating is a rating system in which the pooled...
Schedule rating
Schedule rating is a type of merit-rating method in which...
Retrospective rating
Retrospective rating is a type of merit-rating method in which...
Pure premium method of rating
Pure premium method of rating is a rating system used...
Judgment rating
Judgment rating refers rate-making method for which each exposure is...

Categories