Class Rating

Updated date: Tuesday, July 8, 2025 - 19:43
Class Rating a method of determining rates for all applicants within a given set of characteristics such as personal demographic and geographic location. What is Class Rating , What does mean Class Rating , Insurance Guide, Insurance Glossary

Related Class Rating Articles

  • Creditor-Placed Home Insurance Glossary
    Creditor Placed Home single interest or dual interest credit insurance purchased unilaterally by the creditor, who is the named insured, subsequent to the date... more
  • Direct Loss Insurance Glossary
    Direct Loss Damage to covered real or personal property caused by a covered peril. What is Direct Loss , What does mean Direct Loss , Insurance Guide, Insuran... more
  • Demutualization Insurance Glossary
    Demutualization conversion of a mutual insurance company to a capital stock company. What is Demutualization , What does mean Demutualization , Insurance Guid... more
  • Combined Ratio Insurance Glossary
    Combined Ratio an indication of the profitability of an insurance company, calculated by adding the loss and expense ratios. What is Combined Ratio , What doe... more
  • Hold-Harmless Agreement Insurance Glossary
    Hold Harmless Agreement A risk transfer mechanism whereby one party assumes the liability of another party by contract What is Hold-Harmless Agreement, What do... more
  • Subsequent Event Insurance Glossary
    Subsequent Event events or transactions that occur subsequent to the balance sheet date, but before the issuance of the statutory financial statements and befor... more
  • Credit Accident and Health (group and individual) Insurance Glossary
    Credit Accident and Health (group and individual) coverage provided to or offered to borrowers in connection with a consumer credit transaction where the procee... more
  • Boatowners/Personal Watercraft Insurance Glossary
    Boatowners/Personal Watercraft covers damage to pleasure boats, motors, trailers, boating equipment and personal watercraft as well as bodily injury and propert... more
  • Dwelling Property/Personal Liability Insurance Glossary
    Dwelling Property/Personal Liability a special form of package policy composed of dwelling fire and/or allied lines, and personal liability insurance. What is... more
  • Effective Date Insurance Glossary
    Effective Date date at which an insurance policy goes into force. What is Effective Date , What does mean Effective Date , Insurance Guide, Insurance Glossary
  • Stock Insurance Company Insurance Glossary
    Stock Insurance Company business owned by stockholders. What is Stock Insurance Company , What does mean Stock Insurance Company , Insurance Guide, Insurance... more
  • Par Value Insurance Glossary
    Par Value the nominal or face value of a stock or bond. What is Par Value , What does mean Par Value , Insurance Guide, Insurance Glossary
  • Reserve Credit Insurance Glossary
    Reserve Credit reduction of reserve amounts for reinsurance ceded. Reductions may include the claim reserve and/or the unearned premium reserve. What is Reser... more
  • FEMA Insurance Glossary
    FEMA Federal Emergency Management Agency an independent agency, tasked with responding to, planning for, mitigating and recovery efforts of natural disasters.... more
  • Accident Insurance Glossary
    Accident an unexpected event or circumstance without deliberate intent. What is Accident , What does mean Accident , Insurance Guide, Insurance Glossary
  • Personal Injury Protection Coverage/PIP Insurance Glossary
    Personal Injury Protection Coverage/PIP automobile coverage available in states that have enacted no fault laws or other auto reparation reform laws for treatme... more
  • Risk Retention Act Insurance Glossary
    Risk Retention Act a 1986 federal statute amending portions of the Product Liability Risk Retention Act of 1981 and enacted to make organization of Risk Retenti... more
  • Underwriter Insurance Glossary
    Underwriter person who identifies, examines and classifies the degree of risk represented by a proposed insured in order to determine whether or not coverage sh... more
  • Separate Account Insurance Glossary
    Separate Account segregated funds held and invested independently of other assets by an insurer for the purpose of a group retirement fund. What is Separate A... more
  • Annuity Insurance Glossary
    Annuity a contract providing income for a specified period of time, or duration of life for a person or persons. What is Annuity , What does mean Annuity , In... more
  • Hazard Insurance Glossary
    Hazard circumstance which tends to increase the probability or severity of a loss. What is Hazard , What does mean Hazard , Insurance Guide, Insurance Glossar...