Rated Policy

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Rated Policy

An insurance policy with a higher than normal premium because of a particularly dangerous aspect of the policyholder's life. For example, if a policyholder is known to go skydiving every week, his life insurance may be a rated policy.
References in periodicals archive ?
Best "A" rated policies available for all of American Eagle's general aviation product lines.
The Company expects that the rating revision will increase the amount of business that the Company assumes from other companies that provide the "A" rated policies and it will substantially reduce the amount of business the Company directly writes for its own account in the future.
Beginning in 1948, the company equalized the benefits of certain rated policies, bringing them to the same level offered by policies issued with a better risk classification.