What does A Rates mean? Read on to discover the definition & meaning of the term A Rates - to help you better understand the language used in insurance policies.
Judgment rates that do not have loss experience statistics as a foundation for their development. The underwriter develops these rates on an individual risk basis, according to what the underwriter believes is an equitable rate commensurate with risk involved.
We hope the you have a better understanding of the meaning of A Rates.