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 ?
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.