The ratio of losses less than $2,000 combined with the discounted value of larger losses, as compared to total losses expected of an insured in a certain kind of business. This ratio is used to compile workers compensation experience ratings.
The Rantings of the barely human.
The ratio of losses less than $2,000 combined with the discounted value of larger losses, as compared to total losses expected of an insured in a certain kind of business. This ratio is used to compile workers compensation experience ratings.