Insurance premium based on the experience rating. This is periodically adjusted in line with actual insurance claims or utilization experience.
Insurance Encyclopedia
Experience-related premium rates
Insurance premium rates for group insurance coverage based, wholly or partially, on the past claims of the group.
Experienced mortality (Life Insurance)
The actual mortality of a given group as opposed to expected mortality.
Experimental
Any treatment, procedure, equipment, drug, drug usage, device, or supply not generally accepted as standard care in the practice of medicine. This includes services or supplies requiring federal or government approval not granted at the time services were rendered. Also called investigative . See experimental care .
Experimental care
1. Medical care that has not yet been accepted as standard care in the practice of medicine. 2. Any medical care that needs federal or other governmental agency approval that was not given at the time the care was provided. Also called investigative care .
Experimental medical procedures
See: experimental procedures .
Experimental procedures
Medical services, supplies, treatments, or drug therapies still in a trial stage, determined by the insurance plan not to be generally accepted as standard care in the practice of medicine, and not effective in treating the illness for which their use is intended. Also called unproved procedures .
Experimental procedures (Health Insurance)
Any medical service, therapy, or medication that the plan finds to be not yet proven or perceived by the medical community as ineffective.
Experimental underwriting
Insurance company that accepts certain types of risks considered uninsurable according to the insurer’s normal underwriting guidelines.
Expiration
The date upon which a Policy will cease to cover unless-previously continued or renewed by an additional premium or unless previously cancelled.
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The termination date listed in a contract.
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The termination date of an insurance contract.
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REINSURANCE: This is cessation of cover if not renewed following the anniversary date. A treaty written on a “continuous until cancelled” basis does not expire automatically. This would need to be looked at for a cancellation provision.