experience rating

experience rating definition - business

experience rating

In insurance, analyzing losses incurred for a particular type of coverage in order to determine the appropriate premium that should be charged to cover expenses, losses, and a fair profit.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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