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 ?
* Principal Financial Group now offers affordable protection across all rating classes. Principal Universal Life has a super-preferred underwriting class, low premiums and a range of substandard classes and limited-pay discounts.
The study, which was carried out by Rating Alfa, shows that 15.3% of Finnish companies belong to the two top rating classes, AAA+ and AAA.
In the two weakest rating classes, B and C, there are 21,900 companies or 13.4% of Finnish businesses, compared to 15.2% two years ago.
covering twelve rating classes (92.5 and up) and two weight groups (10,000 and 20,000 pounds), a total of 443,304 rates.
For carrier I, 60.48 percent of anomalies fall into classes 100, 110, 125, 150, and 175, and for carrier II, 60.57 percent of all anomalies fall into these classes.(3) The fact that the anomalous weight breaks are clustered in rating classes 100 to 175 is intuitive, given the expectation of more traffic in classes 100 though 175 than in the higher classes.
Further, the demographic analysis reveals that the weight break anomalies are most commonly found in the rating classes one would expect to comprise the majority of LTL traffic in both short- and long-haul traffic lanes.
Further, for shorter-haul shipments between 7,500 and 9,500 pounds, in the rating classes, and geographic areas that encompass anomalous weight breaks, large, national LTL carriers may be feasible transportation alternatives to using TL carriers.
A surgeon in one of the higher rating classes can pay annual medical-malpractice premiums in excess of $100,000.