A premium based on another factor besides loss experience, for example, a certain specified rating. The cost is guaranteed because it will never be adjusted on the basis of the insured’s loss experience during the policy’s term.
The Rantings of the barely human.
A premium based on another factor besides loss experience, for example, a certain specified rating. The cost is guaranteed because it will never be adjusted on the basis of the insured’s loss experience during the policy’s term.