An underwriting term used to describe a policy or applicant considered to be a higher-than-average risk. (See also "Preferred Risk," "Standard" and "Declined.")
An applicant may be offered a premium that is higher than “standard” risk if he/she has a medical problem, a career of higher than normal risk, or a high risk lifestyle. This is called a “rated” policy.
An applicant may be offered a premium that is higher than standard risk if he/she has a medical or occupational condition that puts them at a greater risk. This is known as a rated policy.
When insurance cover is given, but at a higher cost than normal, usually due to a medical problem which might mean you could die earlier than most other people.
Usually used in combination, rated-up or rated policy. A policy issued with an extra premium charge.
Coverage's issued at a higher rate than standard because of some health condition, or impairment of the insured.
A term used to describe a policy that is evaluated and placed in a rate category that is more expensive than standard due to findings in the underwriting process and specific applicant evaluation.
Describes coverage issued at a higher rate than standard, usually due to impairment of the insured life.
Coverages issued at a higher rate than standard because of impairment of the insured. Usually used as an adjective in such expressions as "rated risk," "rated policy," and "rated up."
A term used to describe insurance issued to a person, who is a substandard risk, at a premium rate which is higher than that charged for a standard risk.
adj. of or pertaining to a product's compliance with one or more recognized standards such as UL.
Individuals are "rated" based on health, occupation, avocation, and other lifestyle considerations. Individuals with above average "ratings" are generally classified as "preferred, "and all things being equal will pay lower premiums than individuals that are"standard" or "sub-standard" risks.