The adjustment of premiums as a result of the application of experience rating; usually expressed as a percentage. (See also: experience rating.)
The increase or decrease in premiums resulting from the application of an experience rating plan, usually expressed as a percentage.
An adjustment to the premium in a Workers Compensation Insurance policy that increases or reduces the premium to reflect the policyholder's individual claims experience in relation to the overall experience of similar policyholders as a group.
A percentage increase or reduction in rates produced by application of the experience rating plan.
A percentage higher than or less than 100% by which the Manual Rate Premium is increased (experience rate charge) or decreased (experience rate credit) when a risk is eligible for the Experience Rating Plan.
A factor by which the insurance company raises or lowers a company's premium, based on claims experience.
The raising or lowering of premiums under terms of an experience-rating plan.