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Glossary > E > "Experience Rating" Definition

Experience Rating

Process of determining the premium rate for a group risk, wholly or partially on the basis of that group"s claims experience to date.

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Experience Rating - Process of determining the premium rate for a group risk, wholly or partially on the basis of that group"s claims experience to date.

Experience Rating : process of determining the premium rate for a group risk, wholly or partially on the basis of that group"s claims experience to date.