A form of auto rating in which an insured’s past experience as well as anticipated experience is taken into account when arriving at a rate.
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A rating plan most often used in personal automobile insurance. Under this plan, the insured’s premium amount is dictated by the insured’s loss record.
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Rating system, used in several forms of Insurance but most commonly in automobile Insurance, under which an insured’s premium varies depending on each insured’s loss record. Usually similar to individual rating.