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Experience rating |
Also found in: Medical | 0.03 sec. |
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Experience rating |
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? Mentioned in | ? References in periodicals archive | |
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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. 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. 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. |
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