Experience Rating 1


Experience Rating 1 :

(Insur; Safety) An index derived from accident frequency and severity that is used as a basis for determining tax rates or insurance premiums. Also called: Merit Rating. Note: Workmen's compensation contributions, unemployment insurance, and commercial health insurance premiums are usually based on accident experience to encourage employers to promote safety and thereby benefit from good records

No records Found
afaatim.com copyright © April 2016 Dr.K.R.Kamaal. All rights reserved