MEDICAL,USA: Cost of a unit of insurance protection (premium) obtained from the insurance company’s standard rating table that appears in the underwriting manual. Also referred to as manual premium rate or manual rating .
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Premium rate specified in a Insurer’s or rating bureau’s manual for a particular line of Insurance.
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The cost of insurance protection as quoted in the rating manual—the rate listed on the state rate pages in the Basic Manual for a given class code. These rates are usually determined on the basis of per $100 of payroll. The term may also refer to rates developed by the application of a recognized rating plan.