An insurer's standard rates as established in its rating or underwriting manuals.
The cost of insurance protection as quoted in a rating manual. May also refer to those rates developed by the application of a recognized rating plan.
Rates based on average claims data for a large number of groups. These rates are then adjusted for specific groups based on that group's characteristics, such as the type of industry, changes in benefits from the standard, etc. Maximum Benefit Period (Benefit Duration). This is the maximum length of time for which benefits are payable under the plan as long as the employee remains continuously disabled.
Rates developed based upon the health plan's average claims data and adjusted for group-specific demographic, industry factor or benefit variations.
Standard rate tables included in an insurer's rate manual or an underwriter's manual that are used to determine premiums.
Rates published in a standardized insurance rating manual, normally reflecting average loss costs of a general class of risks, such as houses, private passenger cars, etc.
The listed premium, stated as dollars per $100 of weekly earnings for each employee, in a state's current schedule; in New York the manual rates are linked to the Classification Code system (i.e., rates are stated for each work classification code used in the state).
Premium rates that are established for broad classes of groups. Manual rates are often used to establish premium rates for small groups with no credible loss experience, and to establish initial premium rates for large groups. See also blended rates and experience rating.
Rates printed in a rating manual.
Insurance costs for a particular phase of the business, as published in the pertinent manual.
usually the cost of a unit of insurance or bond protection of the various kinds of insurance and bonds as published in the pertinent manuals, but may also refer to rates developed by the application of a recognized rating plan.
