Categories
Investments glossary

Experience Rating (Insurance)

Spread the love


Quotes of the day:

Civilization is drugs, alcohol, engines of war, prostitution, machines and machine slaves, low wages, bad food, bad taste, prisons, reformatories, lunatic asylums, divorce, perversion, brutal sports, suicides, infanticide, cinema, quackery, demagogy, strikes, lockouts, revolutions, putsches, colonization, electric chairs, guillotines, sabotage, floods, famine, disease, gangsters, money barons, horse racing, fashion shows, poodle dogs, chow dogs, Siamese cats, condoms, peccaries, syphilis, gonorrhea, insanity, neuroses, etc., etc.

— Henry Miller

An experience rating is the amount of loss that an insured party experiences compared to the amount of loss that similar insured parties have. Experience rating is most commonly associated with workers’ compensation insurance. It is used to calculate the experience modification factor.



We uses YouTube API Services.

Click to rate this post!
[Total: 0 Average: 0]

Leave a Reply