Definitions for "Retrospective Rating"
Insurance coverage that provides for premium determination at the end of the coverage period, subject to a minimum and maximum based upon actual experience.
See Experience Rating.
A type of EXPERIENCE RATING used in arriving at the reinsurance rate and premium for a specified period, based in whole or in part, on the loss experience of a prior period. Also SELF RATING, PROSPECTIVE RATING. Compare SPREAD LOSS REINSURANCE.
Keywords:  prospective, rating, see
(See: prospective rating.)