Book published by an insurance company or rating bureau that is used as a guide. It contains rates, classifications, specifications, and rules pertaining to various types of insurance policies.
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A guide to rates and classifications under a certain type of insurance.
Tag: RAW
Manual and Group Premium Rating
A method of calculating premiums by collecting similar exposure units into groups and charging each unit the same premium rate.
Manual billing
Processing statements by hand; may involve typing statements or photocopying the patient’s ledger and placing it in a window envelope, which then becomes the statement.
Manual claim review
Physical analysis of an insurance claim, prepayment or postpayment, that requires the intervention of program safeguard contractor (PSC) personnel.
Manual Excess
The premium for an amount of insurance in excess of the basic limit of liability. This premium is determined by referring to a table of rate factors which are multiplied by the manual rate in order to arrive at a premium for the higher limit selected.
Manual excess (Liability Insurance)
The premium for an insurance amount in excess of the liability limit. This premium is established by multiplying the manual rate by rate factors, found on a table, to determine a premium for the limit selected.
Manual Handling Regulations 1992
MHR apply to virtually every form of employment. Employers should avoid manual handling whenever reasonably practicable’ otherwise they must make a risk assessment based on the task, the load, the environment and the person. The employer’s duty is to make the task safe while the employee should use the systems of work for handling operations. A breach by the employer amounts to a criminal offence and may provide the basis for an injured employee to claim damages.
Manual premium rate
See: manual rate .
Manual rate
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.
Manual rates
Insurance rates derived from data on average claims from a large amount of claims. These rates are then customized based on the information available on certain groups.