What Does Composite Rating Mean?

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What does Composite Rating mean? Read on to discover the definition & meaning of the term Composite Rating - to help you better understand the language used in insurance policies.

Composite Rating

Composite Rating

A method of rating insurance premiums on a singular rate developed to apply to all coverages according to a selected exposure basis. It facilitates a policy's audit process.

We hope the you have a better understanding of the meaning of Composite Rating.

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