Schedule of contributions

Special payment schedule aimed at ensuring that the pension scheme will not have an actuarial deficiency during the period concerned. Defined benefit schemes, because of the minimum funding requirement, must maintain a schedule signed by an actuary containing contribution rates and payment dates.

Schedule policy

The part of an insurance policy that sets out the detail that is specific to the individual contract. The information includes: name and address of insured, policy inception date, the period of insurance and the premium.
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An Insurance Policy that covers under separate agreements several enumerated causes of losses, which are otherwise frequently covered under individual separate policies.

Schedule rating

A debit and credit plan that recognizes variations in the hazard-causing features of an individual risk.
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A more refined version of class rating in which the rate depends upon a more detailed analysis of the exposure’s characteristics, Schedules vary in the degree of flexibility they permit the person determining the rate.
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An analysis of the various physical elements of a risk attempting to provide an equitable rate for Insurance generally in Fire or workmen’s compensation. There is a Direct relation between the physical conditions and the loss experience.