Rating Class

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Rating Class

In insurance, the relative risk of a policyholder. For example, in life insurance, rating classes indicate how likely a group of policyholders is to die before the insurer recoups the amount of the death benefit in premiums. Different rating classes are assessed higher or lower premiums.
References in periodicals archive ?
Creditwire RATINGS ASSIGNED Conseco Finance Recreational Enthusiast Consumer Trust 2000-A Issue Rating Classes A-1,A-2, and A-3 AAA Class M-1 AA Class M-2 A Class B BBB