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Experience rating

   Also found in: Medical 0.03 sec.
Experience rating
A technique insurance companies use to determine the correct price of a policy premium.
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Thirty-five states now assign a professional employer organization its own experience rating based upon the actual experience of the worksite employees.
Tracking unemployment insurance by Yager, Milan P. / Los Angeles Business Journal
Then the multivariate model--the segmentation, the predictive model--will determine whether there should be experience rating, schedule rating, based on the individual characteristics of the risk.
Automated underwriting helps Safeco rate commercial risks by Green, Meg / Best's Review
The experience rating system, the basis for premiums paid by employers remains and continues to-encourage employers to to protect themselves from higher payroll costs.
Workers' compensation for non-profit staff and volunteers proposed in ... by Community Action
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